Single-Family Homes
Fri Apr 26 2024
This week the median list price for Pacific Palisades, CA is $6,950,000 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has increased to 79.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Median List Price | $6,950,000 | |
Median Price of New Listings | $2,399,000 | |
Per Square Foot | $1,511 | |
Average Days on Market | 153 | |
Median Days on Market | 77 | |
Price Decreased | 34% | |
Price Increased | 5% | |
Relisted | 19% | |
Inventory | 79 | |
Median Rent | ||
Market Action | 29 | |
Slight Buyer's Advantage |
This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$19,888,000 | 8,800 | 0.5 - 1 acre | 6 | 9 | 11 | 1 | 1 | 98 |
$8,837,500 | 6,155 | 0.25 - 0.5 acre | 5 | 7 | 16 | 1 | 1 | 84 |
$5,424,000 | 4,165 | 8,000 - 10,000 sqft | 5 | 5 | 38 | 0 | 1 | 147 |
$2,774,999 | 1,933 | 6,500 - 8,000 sqft | 3 | 3 | 69 | 5 | 2 | 21 |