K.C. Soll . Blog

Listing and Sale Activity in the Palisades Riviera, Pacific Palisades, Ca, 90272

17 June 2009

Listing and Sale Activity in the Palisades Riviera, Pacific Palisades, Ca

This market analysis represents listing and sales by all agents: Current active listings, Pending and Sold within the last 12 months.  The statistics relate to median prices, Sq. Ft., average prices, average lot sizes, etc.

Current listing inventory is high.  There are 3 properties *in escrow*; 16 Sales have closed escrow in the last 12 months.

I specailize in this area of about 920 homes.  The historic Palisades Riviera was developed in the 1920's on mesas overlooking the Riviera Country Club to the ocean, it's residents appreciate the cool Pacific breezes, clean air, wide streets and large lots.  In the chart below, you can see the average lot sizes, average Sq. Ft. of homes, Average DOM=days on market.  It is interesting to compare the average dollar per Sq. Ft. asking price with that of closed escrows. 
However, many of the homes for sale are new construction.  The statistics sweep in all listings and sales and must be considered quite general.

For up to the minute listing information for the Palisades Riviera, or any Westside area of Los Angeles, please send me an email or give me a call.

Cordially,
K.C. Soll
Sotheby's Intl. Realty
310.454.1525
kc.soll@sothebysrealty.com 

 

K.C. Soll - 310.454.1525  
Sotheby's International Realty  
www.CoastalLosAngeles.com, www.InRealEstate.com, www.PalisadesRiviera.com  


Market Analysis Report

 
# of Listings
Average DOM
Low Price $
Median Price $
High Price $
Average Price Total $
*Avg. Price w/ Sq.Ft. $
*Average Sq. Ft.
*Avg. Price/Sq.Ft. $
***Avg. Price w/ LSZ $
***Average LSZ
***Average Price/LSZ $
Average SP/Average LP
Active
23
80
2,895,000
5,895,000
29,990,000
7,298,478
6,996,190
5,660.86
1,235.89
7,298,478
21,045.70
346.79
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Backup
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--
--
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--
--
--
--
--
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Hold
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--
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--
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--
--
--
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Pending
3
46
2,995,000
2,995,000
4,499,000
3,496,333
3,747,000
3,269
1,146.22
3,496,333
20,393.33
171.44
--
Sold LP
16
125
2,795,000
3,995,000
16,500,000
5,728,750
5,833,571
5,240.21
1,113.23
5,711,000
18,196.60
313.85
--
Sold SP **
16
125
2,510,000
3,936,700
14,500,000
5,222,650
5,305,286
5,240.21
1,012.42
5,216,493
18,196.60
286.67
91.17%
Expired
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--
--
--
--
--
--
--
--
--
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Canceled
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--
--
--
--
--
--
--
--
--
--
--
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Withdrawn
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* = Square footage calculations do not include those listings with a reported square footage of zero (7 such listings were found).
** = All calculations in the "Sold (Sold Price)" column do not include those Sold listings with either a reported square footage of zero or a reported Selling Price of zero (0 such listings were found).