Nicole Costas' Market Report

Pacific Palisades, CA 90272

Single-Family Homes

DRE #01049913 | 323-630-6976 |nicole.costas@compass.com


Pacific Palisades, CA 90272

Thu Nov 21 2024
This week the median list price for Pacific Palisades, CA 90272 is $5,784,750 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has decreased to 72. Click here to stay informed with the Pacific Palisades market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Pacific Palisades, CA 90272

Thu Nov 21 2024
This week the median list price for Pacific Palisades, CA 90272 is $5,784,750 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has decreased to 72. Click here to stay informed with the Pacific Palisades market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Pacific Palisades market.
Median List Price $5,784,750
Median Price of New Listings $9,998,000
Per Square Foot $1,515
Average Days on Market 159
Median Days on Market 84
Price Decreased 44%
Price Increased 1%
Relisted 21%
Inventory 72
Median Rent
Market Action 31
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$17,499,000 7,883 0.25 - 0.5 acre 6 6.3 6 3 2 150
$7,822,000 5,165 0.25 - 0.5 acre 5 4.8 37 1 2 91
$4,837,500 3,175 6,500 - 8,000 sqft 4 3.8 72 0 1 66
$2,922,500 2,535 6,500 - 8,000 sqft 4 3 68 1 2 80