Submarket Snapshot: Condos in Pacific Palisades

The condo property at 1551 Michael Lane in the Pacific Palisades
The condo property at 1551 Michael Lane in the Pacific Palisades

In the Pacific Palisades, 15 condos sold in the fourth quarter for an average price of $949,718, according to a report by the Agency. 

The units sold for an average of $597 a square foot, at 1.8 percent over listing price.

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At the start of this year, there were 16 condos on the market in the area with an average price of $983,938, or $567 a square foot.