Northwest of Los Angeles – where the mountains meet the sea – rests an affluent, residential district known as Pacific Palisades. It is believed by many to be among the best neighborhoods in the entire L.A. area.
Real estate values have been on the rise in the Palisades since the year 2000 as the community has steadily grown in popularity.
With its cool ocean breezes, friendly vibe and charming village atmosphere, the luxury estate properties located in this area have become highly coveted.
Compounding the enthusiasm about Pacific Palisades is the development by Rick Caruso of a premier open-air lifestyle shopping center. The three-acre retail center will be in the heart of downtown Pacific Palisades, “Palisades Village,” and promises to deliver many small boutiques and restaurants that aren’t yet available in other parts of Los Angeles.
Since the formal announcement of the project’s commencement in December 2014, there has been a spiked interest in the community and property values have risen as a result.
The new shopping center and community hub is scheduled to open in 2017.
The real estate for this area resides within an area of natural beauty and typically fair weather with sunny skies. The Palisades’ prime location provides panoramic ocean and city views from its perch on the hills – with the Santa Monica Mountains to the north, Brentwood to the east, Malibu to the west, Santa Monica to the southeast, and the Bay to the southwest.
Compared to other Southern California communities, Pacific Palisades has a distinctly romantic atmosphere. Early morning walks in the fresh air and sun are a positive way to begin the day. Also popular is the after-dinner walk with a loved-one or spouse, strolling the Village or the bluffs – or even simply the picturesque sidewalks of one’s immediate neighborhood. The evening views of the Santa Monica Bay are stellar, and enjoyed from many of the homes and areas in and around Pacific Palisades.
Stretching from the bay to the top of the canyons, this area maintains the feel of a small village community, while offering a wide range of properties from sprawling estate homes to elegant ocean-view homes:
- during the last six months, the median price of a home in the Palisades (meaning half of the homes sell above this price and half sell below this price) is $2,832,000.
- the average price of the 174 homes sold during the last six months is $3,662,000.
- 35 of those 174 homes sold for $5million or more.
- homes in Pacific Palisades usually sell in under 73 days.
There is no shortage of activities for residents (the hiking trails are fantastic), and the walkable village is a charming and convenient source of restaurants and shopping.
You can browse photos and details of houses currently available on the L.A. residential real estate market with our Los Angeles luxury homes search tool.
David Findley is a realtor and specialist of Pacific Palisades real estate. His nearly 30 years of experience can help to pave a smoother journey toward buying and/or selling your Pacific Palisades home. He can be reached directly at 310-345-6911. We provide our FREE Quality of Life Newsletter to help start you on the new leg of your journey to robust health and increased prosperity. Subscribe now, and you’ll instantly receive access to our downloadable report, containing surprising strategies to help you better manage your time, energy and nutrition.
Drive Times from Pacific Palisades
Pacific Palisades is not considered to be centrally located and that means there is a bit of commute time on those days when you want to get to other cities or eastern neighborhoods. At best, you’re looking at:
- Downtown Los Angeles: 45 minutes
- LAX: 30 minutes
- Sherman Oaks: 40 minutes
- Glendale: 55 minutes
The Vibe in Pacific Palisades
The homes in the Palisades are generally spectacular, but perhaps the area’s biggest attribute is its pace. Not only do many residents report that the Palisades has a wonderfully local, neighborhood-friendly feel compared to other LA areas, but also many Angelenos will tell you that their impression of the Palisades is that it’s a bit less frenetic than your average LA neighborhood.
Real estate in this area continues to grow, with new properties being built higher and higher up the canyons.
Older homes at a lower elevation still offer priceless views of the mountains and ocean, and it’s possible to find recently renovated homes and condominium conversions. Among the most coveted residential areas within Pacific Palisades is the Huntington.
Pacific Palisades is also a favorite area of celebrities and you’ll be among world-famous actors and directors who have chosen to invest in the area for its beauty, location, and privacy – there are far less tourists and paparazzi than in Beverly Hills.