Market Trends

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.

While 2020 has had its fair share of ups and downs for just about everyone, the holiday season is among us and there’s nothing that can prevent the best time of year from being a magical one!

As of October 31st, there were 106 single-family Palisades residences listed in the Multiple Listing Service (M.L.S.), which is ▲2% higher than the available inventory this time last year.

The third quarter Palisades sales this year were the lowest we have had in 11 years for third quarters. The number of months of Palisades homes inventory is now up to a 6-month level, the highest in several years. These are all indicators that a market adjustment may have begun.

The average price per square foot ($1,156) is down by ▼2% over this time last year, and the median sale price ($3,355,500) is up by ▲9% now. These statistics indicate that the local market has already fully recovered from the pandemic period impacts.

As of August 1st, there were 93 single-family Palisades residences listed in the Multiple Listing Service (M.L.S.), which is 15% lower than at the start of August 2019.