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The Real Deal Los Angeles

Submarket Snapshot: Single-family homes in
Pacific Palisades

Prices and days on market increase in fourth quarter

March 02, 2016 05:00PM
By Hannah Miet

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A property listed at 14215 Evans Road in Pacific Palisades (credit- the Agency)

A property listed at 14215 Evans Road in Pacific Palisades (credit- the Agency)

In the fourth quarter, 59 single-family residences sold in the Pacific Palisades, a 7.3 percent increase from the sales volume in the same period last year, according to a report by the Agency.

The average sale price was $3.1 million, an 11.4 percent increase from the average price of $2.8 million in the fourth quarter of 2014. 

The median sale price was $2.7 million, a 20.5 percent increase from the same period a year earlier.

Listings spent an average of 91 days on the market, a 15.7 increase from the 79 days they sat waiting in the fourth quarter of 2014.

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