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.
How is the Palisades Market?
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.
As of December 31st, 2020, 75 single-family Palisades residences were listed in the Multiple Listing Service (M.L.S.). The current level of inventory is 14% higher than last year’s December 31st available inventory (66).
It’d be quite an understatement to say that this year has been an interesting one. From the get-go, 2020 has been a roller coaster of ups and downs filled with uncertainty because of the ongoing pandemic.
As of November 30th, there were 101 single-family Palisades residences listed in the Multiple Listing Service (M.L.S.), which is ▲2% higher than this time last year.