Single Family Homes As of May 31st, there were 83 single-family Palisades residences listed in the Multiple Listing Service (M.L.S.), which is ▼11% lower than at the end of May 2020. So far this year 158 Palisades homes have sold,
As of April 30th, there were 75 single-family Palisades residences listed in the Multiple Listing Service (M.L.S.), which is 1% lower than at the start of May 2020.
As of March 31st, 2021, 69 single-family Palisades residences were listed in the Multiple Listing Service (M.L.S.). The current level of inventory is 17% higher than last year’s March 31st available inventory.
So far this year, Palisades homes are experiencing an increase in median prices and there have a dramatic increase in number of homes being sold year-over-year compared to last year.
It has been nearly a full year since California implemented Covid pandemic safety measures. As we all know, most social and economic activities were brought to a halt and for several weeks much of our economy was shut down.
Proposition 19 provides expansion and qualifications regarding limitations on property tax increases for people over 55, severely disabled, transfers of certain inherited properties, or victims of wildfires or other natural disasters.
So far this year 17 Palisades homes have sold compared with only 8 homes at the end of January 2020, and there are now 49 homes in escrow in the Palisades!
The Huntington Palisades has seen a dramatic recovery in home values since the 2008-2011 market correction. Fueled by a steady increase in demand, prices have increased by approximately 100% in 10 years.
