The real estate market in Pacific Palisades has undergone significant changes, with home sales dropping by almost 20% and a sharp increase in leasing activity. This shift raises critical questions about the future of the
Navigating the ever-evolving landscape of real estate demands astute observation and strategic planning, especially as indicators point toward an impending shift in the market. As we near the turn of the year, subtle yet significant
In Pacific Palisades, a region classified as a Very High Fire Hazard Severity Zone, the threat of wildfires looms large. Residents are continually encouraged to take proactive measures to safeguard their properties. Earlier this year,
The Palisades real estate market has defied expectations, with prices soaring despite higher interest rates and reduced loan-qualified buyers. Additionally, an intriguing shift has occurred, with a growing number of homeowners choosing off-market sales, particularly
Population decline in California and Reasons for slow growth In recent years, more people have left California for other states than have moved here. Over the last decade about 6.1 million people left and only
The answers to these questions have been relatively easy to give for the last year or so. Today, however, this is not at all an easy subject to fully understand.
As most people must know by now, the housing recovery has been much greater than anticipated in 2012. While nationwide prices have increased by about 12% in the past year, in Pacific Palisades the median
Last year at this time, there was approximately a four-month level of inventory. When the inventory level dips below six months, it is generally considered to be a “seller’s market”.
As we begin the year 2012, the number of homes available for sale in Pacific Palisades is quite low. There are only 70 homes on the market, which is 22 percent less supply than at
In the past few months, the stage may have been set for a possible nationwide real estate recovery. The Federal Reserve has determined to do everything possible to maintain 60-year low levels of interest rates
Empty Nesters and retirees have the choice to stay in an oversized home, or perhaps move to a more updated home and face the tax implications of that.
Real estate prices in the Palisades have continued a steady and much stronger increase than could reasonably have been expected.