Pacific Palisades – Single Family Residences – April 2016


 Number of Sales

April Property sales were 15, down -53.1% from 32 in April of 2015 and -37.5% lower than the 24 sales last month. April 2016 sales were at their lowest level compared to April of 2015 and 2014. April YTD sales of 70 are running -20.5% behind last year’s year-to-date sales of 88.


Sale Prices

The Median Sales Price in April was $2,340,000, down -3.4% from $2,422,500 in April of 2015 and down -15.1% from $2,757,000 last month. The Average Sales Price in April was $2,996,970, down -12.3% from $3,418,323 in April of 2015 and down -10.6% from $3,351,009 last month. April 2016 ASP was at the lowest level compared to April of 2015 and 2014.


Inventory & MSI

The Total Inventory of Properties available for sale as of April was 102, up 12.1% from 91 last month and up 36.0% from 75 in April of last year. April 2016 Inventory was at highest level compared to April of 2015 and 2014.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2016 MSI of 6.8 months was at its highest level compared with April of 2015 and 2014.

(MSI is an estimation of how long it will take for all the market’s homes to be sold, or absorbed, based on how many homes are currently on the market and the rate homes have sold in the past)


Time Spent on Market

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for April was 27, down -46.0% from 50 days last month and down -50.9% from 55 days in April of last year. The April 2016 DOM was at its lowest level compared with April of 2015 and 2014.


Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The April 2016 Selling Price per Square Foot of $970 was up 0.2% from $968 last month and down -5.4% from $1,025 in April of last year.


Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The April 2016 Selling Price vs List Price of 100.0% was up from 97.3% last month and up from 99.4% in April of last year.


Inventory / New Listings / Sales

‘This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in April 2016 was 46, up 17.9% from 39 last month and up 2.2% from 45 in April of last year.

© 2015 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. BRE # 00616212

Based on information from California Real Estate Technology Services for the period 1/1/2005 through 5/1/2016. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS’s may not reflect all real estate activity in the market.

Pacific Palisades – Single Family Residences – February 2016


 Number of Sales

February Property sales were 15, down -16.7% from 18 in February of 2015 and -6.3% lower than the 16 sales last month. February 2016 sales were at their lowest level compared to February of 2015 and 2014. February YTD sales of 31 are running equal to last year’s year-to-date sales of 31.


Sale Prices

The Median Sales Price in February was $2,690,000, down -7.6% from $2,912,000 in February of 2015 and down -9.3% from $2,964,750 last month. The Average Sales Price in February was $3,317,033, up 10.6% from $3,000,413 in February of 2015 and down -2.7% from $3,410,532 last month. February 2016 ASP was at a mid range compared to February of 2015 and 2014.


Inventory & MSI

The Total Inventory of Properties available for sale as of February was 90, up 2.3% from 88 last month and up 20.0% from 75 in February of last year. February 2016 Inventory was at highest level compared to February of 2015 and 2014.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2016 MSI of 6.0 months was at its highest level compared with February of 2015 and 2014.

(MSI is an estimation of how long it will take for all the market’s homes to be sold, or absorbed, based on how many homes are currently on the market and the rate homes have sold in the past)


Time Spent on Market

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for February was 40, up 11.1% from 36 days last month and down -34.4% from 61 days in February of last year. The February 2016 DOM was at its lowest level compared with February of 2015 and 2014.


Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The February 2016 Selling Price per Square Foot of $1,182 was up 12.7% from $1,049 last month and up 22.2% from $967 in February of last year.


Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The February 2016 Selling Price vs List Price of 100.7% was up from 97.9% last month and up from 98.2% in February of last year.


Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in February 2016 was 32, down -36.0% from 50 last month and down -25.6% from 43 in February of last year.

© 2015 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. BRE # 00616212

Based on information from California Real Estate Technology Services for the period 1/1/2005 through 3/1/2016. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS’s may not reflect all real estate activity in the market.

Pacific Palisades – Single Family Residences – December 2015


 Number of Sales

December Property sales were 23, up 53.3% from 15 in December of 2014 and 76.9% higher than the 13 sales last month. December 2015 sales were at a mid level compared to December of 2014 and 2013. December YTD sales of 283 are running -6.0% behind last year’s year-to-date sales of 301.


Sale Prices

The Median Sales Price in December was $3,200,000, up 60.8% from $1,990,000 in December of 2014 and up 30.6% from $2,450,000 last month. The Average Sales Price in December was $3,364,110, up 21.8% from $2,762,097 in December of 2014 and up 22.4% from $2,749,423 last month. December 2015 ASP was at highest level compared to December of 2014 and 2013.


Inventory & MSI

The Total Inventory of Properties available for sale as of December was 69, down -14.8% from 81 last month and up 16.9% from 59 in December of last year. December 2015 Inventory was at highest level compared to December of 2014 and 2013.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2015 MSI of 3.0 months was at a mid range compared with December of 2014 and 2013.

(MSI is an estimation of how long it will take for all the market’s homes to be sold, or absorbed, based on how many homes are currently on the market and the rate homes have sold in the past)


Time Spent on Market

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for December was 74, up 54.2% from 48 days last month and up 164.3% from 28 days in December of last year. The December 2015 DOM was at its highest level compared with December of 2014 and 2013.


Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The December 2015 Selling Price per Square Foot of $994 was up 0.3% from $991 last month and up 14.5% from $868 in December of last year.


Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The December 2015 Selling Price vs List Price of 98.4% was down from 99.1% last month and equal to 98.4% in December of last year.


Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in December 2015 was 17, down -41.4% from 29 last month and up 21.4% from 14 in December of last year.

© 2015 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. BRE # 00616212

Based on information from California Real Estate Technology Services for the period 1/1/2005 through 12/31/2015. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS’s may not reflect all real estate activity in the market.

Pacific Palisades – Single Family Residences – November 2015


 Number of Sales

November Property sales were 10, down -41.2% from 17 in November of 2014 and -52.4% lower than the 21 sales last month. November 2015 sales were at their lowest level compared to November of 2014 and 2013. November YTD sales of 249 are running -9.8% behind last year’s year-to-date sales of 276.


Sale Prices

The Median Sales Price in November was $2,527,500, down -6.7% from $2,708,800 in November of 2014 and down -18.5% from $3,100,000 last month. The Average Sales Price in November was $2,974,250, down -11.4% from $3,358,057 in November of 2014 and down -9.5% from $3,285,465 last month. November 2015 ASP was at a mid range compared to November of 2014 and 2013.


Inventory & MSI

The Total Inventory of Properties available for sale as of November was 94, up 5.6% from 89 last month and up 38.2% from 68 in November of last year. November 2015 Inventory was at highest level compared to November of 2014 and 2013.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2015 MSI of 9.4 months was at its highest level compared with November of 2014 and 2013.

(MSI is an estimation of how long it will take for all the market’s homes to be sold, or absorbed, based on how many homes are currently on the market and the rate homes have sold in the past)


Time Spent on Market

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for November was 49, up 25.6% from 39 days last month and up 8.9% from 45 days in November of last year. The November 2015 DOM was at its highest level compared with November of 2014 and 2013.


Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The November 2015 Selling Price per Square Foot of $1,010 was up 3.4% from $977 last month and up 7.3% from $941 in November of last year.


Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The November 2015 Selling Price vs List Price of 99.3% was down from 100.4% last month and up from 97.1% in November of last year.


Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in November 2015 was 29, down -6.5% from 31 last month and up 61.1% from 18 in November of last year.

© 2015 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. BRE # 00616212

Based on information from California Real Estate Technology Services for the period 1/1/2005 through 11/30/2015. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS’s may not reflect all real estate activity in the market.

Pacific Palisades – Single Family Residences – October 2015


 Number of Sales

October Property sales were 10, down -9.1% from 11 in October of 2014 and -33.3% lower than the 15 sales last month. October 2015 sales were at their lowest level compared to October of 2014 and 2013. October YTD sales of 150 are running 1.4% ahead of last year’s year-to-date sales of 148.


Sale Prices

The Median Sales Price in October was $1,814,000, up 24.2% from $1,460,000 in October of 2014 and up 41.2% from $1,285,000 last month. The Average Sales Price in October was $1,757,040, up 5.0% from $1,673,045 in October of 2014 and up 14.7% from $1,531,567 last month. October 2015 ASP was at a mid range compared to October of 2014 and 2013.


Inventory & MSI

The Total Inventory of Properties available for sale as of October was 50, up 8.7% from 46 last month and up 16.3% from 43 in October of last year. October 2015 Inventory was at highest level compared to October of 2014 and 2013.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2015 MSI of 5.0 months was at its highest level compared with October of 2014 and 2013.

(MSI is an estimation of how long it will take for all the market’s homes to be sold, or absorbed, based on how many homes are currently on the market and the rate homes have sold in the past)


Time Spent on Market

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for October was 53, up 47.2% from 36 days last month and up 23.3% from 43 days in October of last year. The October 2015 DOM was at its highest level compared with October of 2014 and 2013.


Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The October 2015 Selling Price per Square Foot of $587 was down -10.9% from $659 last month and down -2.2% from $600 in October of last year.


Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The October 2015 Selling Price vs List Price of 99.0% was down from 106.1% last month and down from 100.1% in October of last year.


Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in October 2015 was 28, up 33.3% from 21 last month and up 47.4% from 19 in October of last year.

© 2015 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. BRE # 00616212

Based on information from California Real Estate Technology Services for the period 1/1/2005 through 10/31/2015. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS’s may not reflect all real estate activity in the market.

Pacific Palisades – Single Family Residences – September 2015


 Number of Sales

September Property sales were 21, down -12.5% from 24 in September of 2014 and -8.7% lower than the 23 sales last month. September 2015 sales were at their lowest level compared to September of 2014 and 2013. September YTD sales of 218 are running -8.8% behind last year’s year-to-date sales of 239.


Sale Prices

The Median Sales Price in September was $2,865,000, up 1.5% from $2,822,500 in September of 2014 and down -2.1% from $2,925,000 last month. The Average Sales Price in September was $3,800,490, down -13.8% from $4,411,122 in September of 2014 and up 4.8% from $3,625,515 last month. September 2015 ASP was at a mid range compared to September of 2014 and 2013.


Inventory & MSI

The Total Inventory of Properties available for sale as of September was 97, up 18.3% from 82 last month and up 31.1% from 74 in September of last year. September 2015 Inventory was at highest level compared to September of 2014 and 2013.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2015 MSI of 4.6 months was at its highest level compared with September of 2014 and 2013.

(MSI is an estimation of how long it will take for all the market’s homes to be sold, or absorbed, based on how many homes are currently on the market and the rate homes have sold in the past)


Time Spent on Market

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for September was 36, up 16.1% from 31 days last month and down -28.0% from 50 days in September of last year. The September 2015 DOM was at its lowest level compared with September of 2014 and 2013.


Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The September 2015 Selling Price per Square Foot of $1,017 was down -0.1% from $1,018 last month and down -5.0% from $1,071 in September of last year.


Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The September 2015 Selling Price vs List Price of 98.8% was up from 97.7% last month and down from 100.5% in September of last year.


Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in September 2015 was 36, equal to 36 last month and equal to 36 in September of last year.

© 2015 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. BRE # 00616212

Based on information from California Real Estate Technology Services for the period 1/1/2005 through 9/30/2015. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS’s may not reflect all real estate activity in the market.

Our beautiful listing in the Huntington Palisades was featured in an article that reveals 5 California homes that could belong in an Emmy-Nominated television series. 601 Toyopa is the perfect family home, and its nomination was inspired from the Television series Modern Family. The article states:

Complete with white picket fence, we think this is the picture perfect setting for Claire and brood. Located in the heart of the Huntington Palisades, this traditional home features a beautifully remodeled kitchen—which we all know is the center of all the action in the Dunphy house.”

Click here to read the full article 

We are ecstatic to have earned the President’s Elite award in the second quarter of 2015! This recognizes us as two of the NRT Top 1,000 Sales Associates for the second quarter, ranking us in the top 2% of approximately 47,000 Sales Associates nationwide. We hope to carry this momentum throughout the year and hope to be ranked in the top 2%, or better,  for 2015!

 

Second Quarter Top 2

awards

We are extremely honored to have received the “President’s Elite” award for the first quarter of 2015!! This ranks us in the top 2 percentile of all of NRT’s 45,000 plus Sales Associates nationwide. Our goal is to maintain this momentum and success throughout the rest of this year and receive the “President’s Elite”, or better, for 2015!

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DMS