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.