Inventory in Las Palmas II has been extremely limited in the latest rolling three-month period, with just one active listing. New listings also remained very low at one, nearly flat compared with a year ago. Pending sales matched that pace with one home under contract, also essentially unchanged year over year.
Pricing has moved sharply higher in this rolling three-month view, with the median list price up dramatically compared with a year earlier, rising to about $210,000, an increase of roughly 280 percent. Recent history shows how volatile prices can be in such a small market, with median sale prices swinging from around $40,000 in mid-2024 to $245,000 in mid-2023.
Days on market have varied widely over the past couple of years, from homes selling immediately in late 2023 to taking several months in some 2025 periods, while the share of homes selling above list has consistently been zero. With the market gauge indicating a strong seller’s market, conditions can be tricky to interpret from just a handful of sales and listings. Buyers trying to gauge fair value and timing, and sellers aiming to price correctly in this low-inventory environment, can both benefit from Agent Pronto connecting them with a local agent who understands these shifts in detail.
