Pacific Palisades, 90272 - Current Active Listings and Sales since September 4, 2009
PalisadesRiviera.com and InRealEstate.com
Data derived from our local real estate Multiple Listing Service. Listings and Sales by all agents. *************************
Since September 4, 2009 there have been 13 closed sales of Single Family Residences (SFR's).
Home sales ranged in price from $1,150,000, for a foreclosed property on Palmera Ave. in the Bienveneda bluffs area of Pacific Palisades, to $3.8Mil, for an elegant Spanish Contemporary in the Castellammare area of Pacific Palisades (that first hit the market in April 2008, at an asking price of close to $7Mil).
The median sales price in Pacific Palisades (SFR) for this period was $1,860,000. The average $ per Sq. Ft. was $597.
The average $ per Sq. Ft. for PENDING properties is $617.
Homeowners who list their homes with respect to current market conditions, are selling their homes.
THE CURRENT MEDIAN ASKING PRICE FOR SFR's (as of 9/04/2009) is $2,575,000. THE CURRENT MEDIAN SALES PRICE is $1,860,000.
As of October 4, 2009, there are 159 SFR's for sale. The homes range in price from $899,000 (2 Bedroom/1.75 Baths, approx. 1,120 Sq. Ft.) to $29Mil for a 13,000+ Sq. Ft. home on about 2 (prime) acres in the upper Palisades Riviera.
28 SFR\'s are currently in escrow. They range in price from $799,000 to $5,795,000 for a home on Monaco Drive, in the upper Palisades Riviera.
There continues to be an upswing in the number of sales, but Fall sales usually slack-off by October 15.
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Home: Pacific Palisades, 90272 - Current Active Listings and Sales since September 4, 2009
Sellers should take all the emotion out of the business of selling a home and treat the transaction as an investment decision.
2007 closed sales of Single Family Residences = 271 homes ranging in price from $1,075,000 to $11,980,000. The average dollar per Sq. Ft. was $860. The average Sq. Ft. was 2,960.
2008 closed sales of Single Family Residences = 188 homes ranging in price from $830,000 to $16,000,000. The average $ per Sq. Ft. was $841.71. The average Sq. Ft. was 3,377.
The real estate market in Pacific Palisades (and throughout the Westside of LA) is soft. Sellers are motivated and encouraging offers (beating the bushes). Sellers are dealing.
I will gladly provide a list of properties that "must be sold."
Please call for details regarding condominium inventory. The price range for condominiums is from about $500,000 for a 2 bedroom *in the Village* to $1.3Mil for a canyon view townhome in the Palisades Highlands.
If you are starting your house-hunt, I'd be happy to email you a weekly list of open houses. My value to you is my up-to-the minute market awareness, and 25+ years of experience in negotiating. I fight on behalf of my clients. I negotiate the absolute best price.
I look forward to working with you,
Best regards,--K.C. Soll, Sotheby's International Realty. 310.245.6161 Mobile
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Pacific Palisades, California 90272
Practically perfect, Pacific Palisades has good air-quality, immediate access to the Santa Monica Mountains for energetic hiking, Will Rogers State Beach for sunning, swimming and biking, and a charming Village where locals dine, shop and commune.
A politically active community, Pacific Palisades residents have continually thwarted oil interests, keeping the Santa Monica Bay and Pacific Palisades coastlines free from oil drilling.
Pacific Palisades is comprised of several distinct neighborhoods. Some areas boast dramatic ocean views, some attract families with their relatively level streets with sidewalks. There is a townhouse community, as well as hillside, canyon and luxury estate neighborhoods. A few neighborhoods within ½ mile of the Village, have turned out to be the most popular in recent years.
Beginning in December 2001, likely due to of the emotional devastation from 9/11, the Village-proximate areas experienced a leap in sales activity, prices and subsequent remodeling. The boom caused the prices to climb to about $1.3Mil for a teardown.
People flocked to the Village to commune. Restaurants and shops prospered. The Village instituted a Farmer's Market on Sunday mornings.
North of Sunset, in the so-called Alphabet streets (named after Methodist ministers), there are still remnants of the 1920's-'30's bungalow homes built by the Methodist community, founders of the town. The average lot dimensions are 40'X120'.
Huntington Palisades (south of Sunset) is adjacent to the Palisades Park, The Village, and the new Library. The lot sizes average about 7,700 (70X110) which leaves an intimate back yard for entertaining, but little room for a pool. This area is prized by families with infants because of the beautiful tree-lined streets, sidewalks, and minimal traffic. The home prices in this area range from $3Mil to $15Mil. Some homes have ocean and canyon views.
The Palisades Riviera, crown jewel of Pacific Palisades, lies north and south of Sunset from Amalfi Drive to Capri Drive, near the Riviera Country Club (circa 1930). . The area boasts wide, graceful streets, large lots, privacy, an architectural jury with strict guidelines. Most of the Riviera was planned without sidewalks, and is a car jaunt (or bus ride) to either the Village or Brentwood. The prices range from $3.5 Mil for a tear-down on a 13,000 SF lot, to about $27Mil. There are one or two properties that could sell for over $50Mil, however, they are rarely listed for sale. The area is star-studded, and was at one time the home of President and Mrs. Ronald Reagan (then Governor of California).
The Palisades Highlands is home to several up-scale townhome communities. This quiet area boasts hiking trails, pools, tennis courts, and is only about 7 minutes to Pacific Coast Highway. Prices range from about $650,000 for a 2 bedroom townhouse to $6Mil for a home with private tennis court in a gated community.
Community ambiance, fine weather, reputation of the local schools, and its quiet elegance has made Pacific Palisades a magnet for the film industry.
Pacific Palisades is a part of the city of Los Angeles (for services) with it's own name and zip code. Previously, the public schools were under the auspices of the Los Angeles Unified School District but have gained independence through State Charter.
The average summer day temperature is 78 degrees. Nights range from 55 to 60 degrees. Winter temps can sink below 40 degrees at night. Beach community though it is, The Palisades (as locals call it) enjoys relatively low humidity and a low population of worrisome insects.
The local hiking can't be beat. Our own Temescal Canyon Association shares all the wonders of local hiking through Weekly night hikes in the Summer and intense Sunday hikes in the Winter and Spring.
Pacific Palisades has religious services for most denominations. There are several private kindergarten - 6th grade schools. A Montessori and French Language Grade School, major banks, a post-office, a car-wash and 2 good super-markets. Plenty of excellent restaurants, hair salons, gift and clothing shops, camera stores.
A native of Pacific Palisades, let me be your guide. There are few agents more knowledgeable about neighborhoods and values. I have specialized in Pacific Palisades Real Estate sales since 1976. Please don't hesitate to email or call if I can answer your real estate or community questions. If requested, I'll create a password to allow you a free peek into our the local Listing Service for your enlightenment and convenience.
ZIP Code: 90272 Approximate Location Boundaries: Between Malibu on the north, and Santa Monica on the south and Brentwood on the east.
Location Characteristics: What IS it About Pacific Palisades?
Possibly it's the glorious Southern California coastal climate, beach proximity, convenient small-town "Mayberry" atmosphere, low crime rate, and miles of hiking paths in the abutting Santa Monica Mountains (not to mention the low insect population).
Or maybe it's the highly-rated charter schools, the beautiful new library, the public park, or the health-minded and green-spirited population of about 27,000.
Whatever it is, it's becoming within reach for many who could only dream! In some cases, prices are down 30% off the highs of 2006.
Practically perfect, Pacific Palisades has good air-quality, immediate access to the Santa Monica Mountain Parks for energetic hiking; beaches for sunning, swimming and biking; and a charming Village.
A politically active community, Pacific Palisades residents have continually thwarted oil interests to keep the Santa Monica Bay and Pacific Palisades coastlines free from oil drilling.
About K.C. Soll:
A native of Westside Los Angeles, K.C. Soll has sold real estate since 1974. Endowed with negotiating expertise, and sensitive to the unique requirements of each client, K.C. Soll demonstrates the ultimate level in customer care.
Her ability to impart the subtleties of value, area and convenience will give you absolute confidence in your choice of Realtor. Her "when you're ready" approach puts both buyers and sellers at ease. "My function is to provide information that will help you define your preferences. The referrals I receive validate the services and education I provide. I have helped hundreds of buyers and sellers crystallize their objectives and goals. For that talent, I am very grateful."
Please call my cell phone (310.245.6161) for immediate response. Knowing your price and location parameters, I can locate properties for your consideration. I specialize in real estate sales and leasing from Malibu to Beverly Hills, including Brentwood, Pacific Palisades, Westwood, Cheviot Hills, Bel-Air, Beverlywood, Santa Monica, Mar Vista, Venice and Marina del Rey.
Please write or call for a confidential discussion of your timing and objectives.
Sincerely,
K.C. Soll Associate Broker Sotheby's International Realty 310.454.1525 310.245.6161 cell
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
