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 the beginning of last year.
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 sale price and average price per square foot are up more than 17%.