Pacific Palisades MARKETWatch, 2 New Homes For Sale and 4 Properties Sold the past 7 days
It is the first week of February already. Where did January go? At the risk of sounding like a broken record, inventory levels of both single family homes and condominiums remain at very low levels. Based on the laws of supply and demand that I learned so many years ago taking economics class in college, this shortage of supply can only lead to home prices rising. This is a trend that I will track as the weeks and months progress.
Here are the two 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) 17810 PORTO MARINA WAY (17-198962)
The first new listing this week is an ultra-modern-style home with unobstructed panoramic ocean views. This three-story home has four bedrooms and four bathrooms for a total of 3,300 square feet. The home is currently being completed and is a great opportunity to provide your own finishing touches. The home is on a 3,893 square foot lot. Asking price for this Pacific Palisades ocean-view property is $3,245,000.
2) 1535 UMEO ROAD (17-198684)
The second listing this week is an architectural-style home with ocean and mountain views located in the Upper Palisades Riviera. This three-story home has six bedrooms and eight and one half bathrooms and features a screening room, a wine cellar, and a chef’s kitchen, for a total of 8,640 square feet. The home is on a 43,472 square-foot lot with an Infinity swimming pool, a sports court and a hillside vineyard. Asking price for this Palisades estate is $8,498,000.
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