Pacific Palisades MARKETWatch, 7 New Homes & 2 Condos For Sale and 6 Properties Sold the past 7
After a couple of weeks of Southern California winter-like weather we are back to our comfortable mild and sunny weather. Getting off the subject of weather and onto the subject of real estate, I noticed some very interesting things while reviewing our local market. While there continues to be a number of new listings coming onto the market, overall inventory of both single family homes and condominiums is very low at the present time. I do not recall a time when I have seen so few properties available for sale. What this means to you is that there are more buyers looking for new homes than there are sellers looking to sell their homes. These conditions historically have led to both prices and the rate of increase of prices to rise. If inventory levels remain as they are now, I am expecting prices to increase more in 2017.
Here are the new listings that I am highlighting this week. You can find the expanded information sheet and photos of this listing by clicking on the "Highlighted Properties".
1) 14927 ALTATA DRIVE (17-196146)
The first new listing this week is a traditional-style home located in the heart of the Palisades. This two-story home has five bedrooms and six bathrooms and features a grand foyer, a media room, a gym and a gourmet kitchen, for a total of 7,926 square feet. The home is on a 13,935 square-foot lot with a swimming pool, a spa and a landscaped backyard. Asking price for this Pacific Palisades home is $9,250,000.
2) 16300 SHADOW MOUNTAIN DRIVE (17-195590)
The second listing this week is a Mediterranean-style home with ocean and mountain views located in the gated Ridgeview Country Estates. This two-story home has five bedrooms and six bathrooms and features soaring ceilings, a grand formal dining room, a private office and a chef’s kitchen, for a total of 7,149 square feet. The home is on a 43,472 square-foot lot with a swimming pool, a spa and a detached guest house. Asking price for this Palisades estate is $9,850,000.
3) 1619 SAN REMO DRIVE (17-196008)
The final new listing this week is a Country English-style home located north of Sunset Blvd. in the Palisades Riviera. This two-story home has five bedrooms and six bathrooms and features an open floor plan with a gourmet kitchen, for a total of 6,321 square feet. The home is on a 46,040 square-foot lot with a swimming pool and a tennis court. Asking price for this Palisades Riviera tennis court estate is $18,250,000.
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