The Pacific Palisades market update is simple – The market is on the move up!
Take these Pacific Palisades market results for 2012 so far:
Median Price – up 19%
Average price per square foot – up 28%
Number of Properties pending – up 23%
Number of properties for sale – down 29%
Days on market – down 4%
Percent of Pacific Palisades properties on market that are currently under contract – up 73%
Inventory is way down (by one third) and percentage of properties on market that are under contract is way up — up a whopping 73% !!
The Pacific Palisades market, like many other markets in California coastal regions, is performing very well. If you are a buyer, please consider this information carefully and contact Team Stein before the market takes another step up! If you are a seller, lets talk. There are many private sales happening and multiple offers are back and buyers are competing to buy your Pacific Palisades property.
Buyers contact us for our upcoming listings and more interesting properties that are for sale with other agents however are not on the MLS.