Everyone knows that houses on the beach generally sell very well due to their very desirable location.

Well, investors.com has reported that the national housing market has not effected LA’s beach cities in the same way as other communities nationwide.

As they put it – prices in the 30-mile stretch down Pacific Coast Highway from Malibu to Manhattan Beach continued to rise after spring 2006, according to data from the California Association of Realtors. They’ve since faded, but generally only to 2005 or 2006 levels,

More excitingly however, in Pacific Palisades, the median price has actually been rising over the past couple years. (up 9.3% to $2.04 million.) The reason is of course very simple, there is a lack of buildable land with parklands and coastal commission restrictions etc. Also, people tend to hold onto Westside homes longer.

“It’s a very desirable area,” said Jack Kyser, chief economist at the Los Angeles County Economic Development Corp. “You have access to the water and the air is fresher than it is in other areas of L.A. county. And you have a lot of very attractive amenities (such as good restaurants and schools). If you’re looking for something like that, the Westside would be No. 1.”

In Malibu,the median home price has fallen just 1.5% from April 2006 to $1.675 million in April 2009.

This is very exciting news as we reported toward the end of last year that beach front real estate is outperforming other real estate markets as everyone clamours for their perfect beach front pool home!

If you are interested in purchasing a property or selling a property in Malibu, Pacific Palisades or the surrounding Beverly Hills/southern California area then please contact Judy Kunisaki for professional real estate advice in the Westside Los Angeles area, on 310-317-8396 or via her online contact form on her website.

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