Home Sales in Pacific Palisades are picking up!
just have a look at some very quick results from the past month and past few weeks.
In the past month, 16 homes have sold in Pacific Palisades and 11 of those homes have sold in the past two weeks.
In terms of new escrows opened, there have been 10 homes that have opened escrow in the past two weeks in Pacific Palisades. Two of those homes were new construction in the $2mm's and $3mm's price ranges.
So, in total it looks as if in terms of pure numbers of homes closing and opening escrow, the activity is picking up. Buyers take note!
To be sure, we need a few months of continued activity before we can claim that this market is in recovery mode.
As for this moment, there are incredible buys still out there. Just look at 601 Erskine! This is by far the best value in the market right now! There are many others that are fantastic deals as well. Just look at 700 Ocampo at $1,095,000, 1885 Michael Lane at $1,659,000 and 826 Alma Real at $1,939,000. Those are by far the three best deals in all of the market right now and they are the best deals by a LONG SHOT! These are the deals that should be selling in multiple offers right now.
Give us a call if you would like more information on these homes. We are happy to share our thoughts and be of help.