Pacific Palisades, California is a great coastal community – conveniently located between Santa Monica and Malibu and Brentwood. It is known for the annual Nissan Open PGA golf tournament held at the Riviera Country Club and J. Paul Getty Villa museum. There are many activities to enjoy such as hiking in Will Rogers State Park and Temescal Canyon Mountain Gateway park,as well as water activities at Will Rogers State beach.
In the housing market, the first quarter 2007 snapshot taken from CLAW/MLS indicate single family sales are just slightly ahead of the 2006 activity for the same period — 2007 1st Quarter sales volume is $166,892,787 compared to 2006 1st Quarter sales volume $166,676,822. The median sales price in the same period 2007 is $2,100,000 as compared to median sales price for same period 2006 as $2,050,000.
The condominum market is lower for the first quarter 2007 sales volume reported at $10,470,000 as compared to same period 2006 sales volume at $19,298,937. 2007 first quarter appear to have dropped about 45% compared to 2006. The median sales price was almost on par – 2007 median sales price was $799,000 and 2006 median sales price was $800,000.
For anyone interested in buying or selling a home in Pacific Palisades, contact Judy Kunisaki at (310) 317-8396.
