Nicole Costas' Market Report
Pacific Palisades, CA 90272
Single-Family Homes
DRE #01049913 | 323-630-6976 |nicole.costas@compass.com
Pacific Palisades, CA 90272
Wed May 01 2024
This week the median list price for Pacific Palisades, CA 90272 is $7,498,000 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has increased to 73.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Real-Time Market Profile
| Median List Price | $7,498,000 | |
| Median Price of New Listings | $5,995,000 | |
| Per Square Foot | $1,546 | |
| Average Days on Market | 160 | |
| Median Days on Market | 84 | |
| Price Decreased | 36% | |
| Price Increased | 3% | |
| Relisted | 19% | |
| Inventory | 73 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $19,942,000 | 9,100 | 0.5 - 1 acre | 6 | 9 | 7 | 1 | 0 | 98 |
| $9,195,000 | 5,855 | 0.25 - 0.5 acre | 5 | 6 | 19 | 1 | 3 | 73 |
| $5,922,500 | 4,255 | 8,000 - 10,000 sqft | 5 | 6 | 30 | 2 | 2 | 115 |
| $2,995,000 | 1,953 | 6,500 - 8,000 sqft | 3 | 3 | 70 | 1 | 6 | 63 |