Nicole Costas' Market Report

Pacific Palisades, CA

Single-Family Homes

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



Pacific Palisades, CA

Tue Oct 19 2021
This week the median list price for Pacific Palisades, CA is $6,072,500 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has increased to 74. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Tue Oct 19 2021
This week the median list price for Pacific Palisades, CA is $6,072,500 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has increased to 74. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $6,072,500
Median Price of New Listings $5,025,000
Per Square Foot $1,371
Average Days on Market 90
Median Days on Market 56
Price Decreased 31%
Price Increased 0%
Relisted 11%
Inventory 74
Median Rent $12,000
Market Action 36
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$17,947,500 9,791 0.5 - 1 acre 7 10 13 2 0 98
$7,970,000 6,009 0.25 - 0.5 acre 6 7 30 1 3 63
$4,995,000 3,815 0.25 - 0.5 acre 4 5 38 2 3 56
$2,850,000 2,186 6,500 - 8,000 sqft 3 3 65 3 3 28