Pacific Palisades Market Activity in the Past 30 Days:
23 “new” listings have come on the market.
- Of those 23, 16 had been listed last year (10 with price reductions).
- 2 went into escrow
- 13 homes closed
- 21 cancelled, expired or withdrew (some of these are back on the market)
SOLD Listings in the Past 6 Months:
111 listings have been sold – 13 of those sold for $10+ million.
- High Sold Price: $24,950,000
- Low List Price: $1,200,000
- Median List Price: $4,300,000
- Average List Price: $5,603,626
- Average List Price/SF: $1555/sf
ACTIVE Listings:
Overall, there are 56 active listings in the Palisades market. 17 of those are listed for $10+ million.
- High List Price: $39,995,000
- Low List Price: $2,095,000
- Median List Price: $6,647,500
- Average List Price: $8,900,000
- Average List Price/SF: $1682/sf
Market Supply of Homes Over $10 Million:
Roughly 2 houses over $10M sell every month, so it would take around 8 months to sell the existing inventory, assuming no other new listings come on the market. In other words, there is an 8 month’s supply of inventory. In a balanced market, there is about 6 months of inventory; less than 6 months is considered a seller’s market and more than 6 months of inventory is a buyer’s market. The market is unbalanced in the buyers’ favor in the Palisades $10+ million range.
New Listings That Had Previously Been Listed:
755 Napoli Drive | New listing with same price, $22,495,000
15975 Alcima Avenue | New listing with a new price, $15,999,000
921 Rivas Canyon Road | New listing with a higher price, $10,950,000
1328 Las Pulgas Road | New listing with a new price, $8,599,000
14949 La Cumbre Drive | New listing with same price, $8,500,000
1433 Via Anita | New listing with same price, $8,495,000
318 Bellino Drive | New listing with same price, $7,495,000
1420 Bienveneda Avenue | New listing with a new price, $7,250,000
506 N Las Casas | New listing with same price, $6,895,000
15422 Albright | New listing with a new price, $6,395,000
14401 Villa Woods Place | New listing with a new price, $4,999,000
13716 Sunset Blvd | New listing with a new price, 4,899,000
16576 Chattanooga Place | New listing with a new price, $3,999,999
767 Jacon Way | New listing with a new price, $3,995,000
17728 Porto Marina Way | New listing with a new price, $2,999,000
15341 De Pauw Street | New listing with a new price, $2,890,000