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🏡 May 2024 Luxury Real Estate Market Update & Trends for Pacific Palisades, CA 🌟

🏡 May 2024 Luxury Real Estate Market Update & Trends for Pacific Palisades, CA 🌟

By Christophe Choo Posted Jun 25, 2024 Latest Updates, Market Activity, Real Estate Advice for Buyers & Sellers, Videos

🏡 May 2024 Luxury Real Estate Market Update & Trends for Pacific Palisades, CA 🌟

🔼 Avg Sales Price: $6.13 million, 📈 UP 31%

🔻 Avg List Price $8.62 million, 📉 down 4%

🔼 Properties Sold: 29, 📈 UP 156%

🔻 Days on Market: 35 📆, 📉 down 6%

🔼 $/Sq FT: $1,602, 📈 UP 7%

Unlock the hidden wealth in your Pacific Palisades property! 🗝️💼 Curious about your home equity 💰? Thinking of buying in the Pacific Palisades? 🏠🌴 Let's chat! Send a DM or call us at 📱 310-777-6342 for expert insights!

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Welcome to our latest update on the luxury real estate market in Pacific Palisades for May 2024! Nestled in the scenic landscape of Los Angeles, Pacific Palisades is known for its tranquil, upscale, and beachside community feel, offering breathtaking views of canyons, the ocean, and the iconic Queen's Necklace of the Bay. Let's dive into the latest market trends and data for this desirable neighborhood.

Market Snapshot: Pacific Palisades

Average Sales Price: The average sales price in Pacific Palisades has risen to $6.13 million, marking a significant 31% increase from the previous period. This surge highlights the strong demand for luxury homes in this serene area.

Average List Price: Interestingly, the average list price has decreased slightly, now at $8.62 million, down by 4%. This could indicate a more competitive market where sellers are adjusting prices to attract buyers.

Properties Sold: May was an incredibly active month for Pacific Palisades real estate, with 29 properties sold, reflecting a remarkable 156% increase. This surge is typical for beachside communities as the summer season approaches, drawing more buyers looking to invest in a serene coastal lifestyle.

Days on Market: The average days on market for properties in Pacific Palisades has decreased to 35 days, down by 6%. This faster turnover suggests that well-priced properties are attracting buyers quickly.

Price Per Square Foot: The price per square foot in Pacific Palisades remains high at $1,602, up 7% from the previous period. This consistency underscores the enduring value of real estate in this prime coastal location.

Why Pacific Palisades?

Pacific Palisades offers a unique blend of urban sophistication and beachside tranquility. Its diverse real estate options range from luxurious estates with canyon views to modern homes overlooking the ocean. The area's upscale feel, combined with its serene environment, makes it a perfect choice for those seeking a peaceful yet luxurious lifestyle.

Pacific Palisades is also conveniently located near Beverly Hills, making it an ideal spot for those who want to be close to the city's amenities while enjoying the quiet of a coastal community. With its beautiful views and upscale atmosphere, Pacific Palisades is more than just a place to live—it's a lifestyle.

Unlock the Hidden Wealth in Your Pacific Palisades Property

If you're a homeowner in Pacific Palisades, now is a perfect time to explore the hidden wealth in your property. With the market showing significant growth and high demand, you can take advantage of current trends to maximize your return on investment.

Thinking of Buying in Pacific Palisades?

For those considering purchasing a home in Pacific Palisades, the current market conditions present a fantastic opportunity. The diversity of properties available ensures there's something for everyone, whether you're looking for a luxurious estate or a cozy coastal home.

Work with a Real Estate Professional

Navigating the real estate market in Los Angeles, especially in areas like Pacific Palisades and Beverly Hills, requires expert guidance. Partnering with a knowledgeable real estate agent can provide you with insights into the latest market trends, help you find the best properties, and ensure you make a well-informed decision.


The Pacific Palisades real estate market in May 2024 is characterized by significant price increases, a surge in property sales, and steady high value per square foot. This makes it an attractive area for both buyers and sellers looking to capitalize on current market conditions. Whether you're interested in selling your home or finding a new one, Pacific Palisades offers a compelling mix of luxury, lifestyle, and investment potential.

For more information on the real estate market in Beverly Hills, home prices, market updates, and properties sold, stay tuned to our blog. If you’re ready to explore your options in Pacific Palisades or Beverly Hills, feel free to contact us today!

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