Home Values

Pacific Palisades Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$2,460,100

  • 17.0% 1-year change
  • 4.8% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Neutral

Buyers' Market
Sellers' Market

The median home value in Pacific Palisades is $2,460,100. Pacific Palisades home values have gone up 17.0% over the past year and Zillow predicts they will rise 4.8% within the next year. The median list price per square foot in Pacific Palisades is $1,048, which is higher than the Los Angeles average of $357. The median price of homes currently listed in Pacific Palisades is $3,295,000 while the median price of homes that sold is $1,993,077.

Foreclosures will be a factor impacting home values in the next several years. In Pacific Palisades 0.6 homes are foreclosed (per 10,000). This is lower than the Los Angeles value of 2.1 and also lower than the national value of 4.0

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Relative ZHVI
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Pacific Palisades Market Overview

Data through Dec 31, 2014
  • $2,460,100 ZHVI
  • 4.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $3,295,000 Median listing price
  • $1,993,077 Median sale price
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Pacific Palisades Market Health

Data through Dec 31, 2014
  • 10.0/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.4% US Avg)

Homes foreclosed (per 10,000)

0.6 homes(Oct 31, 2014) Pacific Palisades
2.1 homes Los Angeles
4 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Brentwood $2,300,300
Venice $1,351,300
West Los Angeles $1,002,200
Name Median ZHVI
Westwood $977,900
Encino $780,900
Sawtelle $723,300
Name Median ZHVI
Woodland Hills $715,900
Tarzana $702,100
Reseda $418,600

Listings & Sales

Data through Dec 31, 2014
  • $1,048 Median list price / sq ft
  • $855 Median sale price / sq ft
  • 9.0% Listings with price cut
2.8%
Sold below listing
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Pacific Palisades Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $7,621 Pacific Palisades
    $2,512 Los Angeles
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $3.20 Rent list price / sq ft
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