Market Report
Pacific Palisades, CA 90272
Single-Family Homes
Chartwell Escrow
Pacific Palisades, CA 90272
Thu Jun 08 2023
This week the median list price for Pacific Palisades, CA 90272 is $6,097,000 with the market action index hovering around 34. This is less than last month's market action index of 37. Inventory has increased to 70.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $6,097,000 | |
| Median Price of New Listings | $2,647,000 | |
| Per Square Foot | $1,521 | |
| Average Days on Market | 139 | |
| Median Days on Market | 84 | |
| Price Decreased | 27% | |
| Price Increased | 1% | |
| Relisted | 11% | |
| Inventory | 70 | |
| Median Rent | ||
| Market Action | 34 | |
| Slight Seller's Advantage | ||
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
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 |
|---|---|---|---|---|---|---|---|---|
| $21,995,000 | 10,108 | 0.5 - 1 acre | 7 | 9 | 13 | 0 | 0 | 266 |
| $8,995,000 | 6,025 | 0.25 - 0.5 acre | 5 | 7 | 8 | 0 | 2 | 91 |
| $4,649,000 | 3,771 | 8,000 - 10,000 sqft | 4 | 4.5 | 61 | 1 | 0 | 63 |
| $2,872,500 | 1,986 | 6,500 - 8,000 sqft | 3 | 2 | 69 | 3 | 3 | 24 |