Pacific Palisades is among the most distinguished and highly-sought after neighborhoods in Los Angeles. Located on the city’s Westside, Pacific Palisades is mainly a residential community of around 27,000 residents.
Pacific Palisades real estate ranks among the most valuable in Los Angeles. You have a variety of housing options in Pacific Palisades as there is a mixture of large private residences, condos, apartments and smaller private homes that are typically a bit older. According to Trulia.com, the median sales price of a home in Pacific Palisades was $2,128,750 during the three-month period ending March 14, 2014. That was a big 41% increase from last year’s corresponding time period.
Sometimes a more accurate measure of a neighborhood’s housing market is average price per square foot. For Pacific Palisades, that matrix was $895—a sharp 17.3% increase from the previous year.
So, what makes Pacific Palisades real estate so attractive? For starters, some of the most spectacular homes in Los Angeles are located in Pacific Palisades. The community is divided into several sections, each of which have their own unique style and character. Perhaps the most luxurious is Country Estates. The gated community of Country Estates is in the western-most part of Pacific Palisades and is home to 80 luxurious estates. These homes usually start at around $2 million and can range all the way up to $18 million or more. Country Estates has long been a favorite of celebrity home buyers in Los Angeles given the large lots and spectacular mountain views.
Other sections of Pacific Palisades include Palisades Hills, The Summit, Pacific Palisades Highlands and the Lower Highlands. Palisades Hills rises 1,600 feet above sea-level and is among the oldest parts of the community. Homes in Palisades Hills typically start at around $2 million and can cost upwards of $10 million.
The Summit is the newest development in the Pacific Palisades Highlands. It was completed in the early 2000’s and among its most notable features are views of the Pacific Ocean and The Summit Club recreation center.
The Lower Highlands is home to a mixture of single-family residences and condominiums. As for the Pacific Palisades Highlands, it boasts its own shopping center and has access to many of the trails that cut through Topanga State Park.
Pacific Palisades is a wonderful option for those looking to buy a home in Los Angeles. It fosters a true sense of community, has top-level schools and comes with an array of recreational activities. For those searching Pacific Palisades real estate, you can browse this site for available homes.
Bel Air is one of the most prestigious locales in the country. For those ready to take the plunge into high society, let the home search begin.