Q: Will Our Market See Appreciation Against All Odds?

We're midway through the holiday season and this hectic 2020 is winding down, so it’s a good time to reflect on the performance of our Palisades market. Despite it being an election year dominated by a global pandemic, we’re actually on track for a 5% increase in home prices. The median sales price of a Palisades home is up 7% year over year at $3,299,000, while the current average price is up 3% at $4,074,000. As far as the number of home sales is concerned, our market peaked in 2005 with 337, but since then, it hasn’t been able to come close to that volume. To find out what I think the reason for that is, watch this short video.

Learn More → https://www.amalfiestates.com/q-will-our-market-see-appreciation-against-all-odds/