Pacific Palisades, CA 90272 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. The primary market-value signal is the median sold price: 1,662,500, which represents the most reliable indicator of recent transaction levels and suggests market value anchoring around that point; use sold prices, not asking prices, for valuation guidance.
2. There is a notable gap between the median listing price: 3,370,000 and the median sold price: 1,662,500, which may indicate pricing friction and elevated seller expectations relative to recent transaction outcomes; down price momentum (price year-over-year trend: down) reinforces caution on list-to-sale adjustments.
3. Market velocity appears slow: the median days on market: 289 suggests slower sales velocity and longer decision cycles for buyers and sellers; combined with a neutral market temperature and moderate interest rate pressure, expect measured negotiation windows rather than rapid turnover.
4. Rental strength is a relative area of firmness — the median market rent: 4,985 and a rent year-over-year trend of up indicate growing rental income support, while the median price per square foot: 974 provides context for high-cost asset valuation in the neighborhood.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.