Pacific Palisades Real Estate Year in Review
The Pacific Palisades, Los Angeles’ affluent beach community wedged between Santa Monica and Malibu had a tremendous year of real estate activity. Prices soared in 2013 both in terms of medium price and price per square foot. Interestingly enough while other affluent neighboring communities experienced similar booms, the Palisades was able to hold its momentum. Inventory bloated midyear, but thinned out steadily throughout the second half of the year. Meanwhile prices continued to climb across the board while the number of days on market declined.