The Pacific Palisades area is known as the place “where the mountains meet the sea.” There are a number of business parks and offices in the area, since Pacific Palisades is home to a number of celebrities and Hollywood professionals. The neighborhood is very similar to Bel Air Estates in terms of elegance and sophistication. The area is surrounded by the Santa Monica Mountains to the north, Brentwood to the east, Santa Monica to the south, and Malibu and Topanga Canyon to the west. The Pacific Palisades wealthy residential community offers a small beach town vibe, while still being only a short distance from the bustling city of Los Angeles.
It’s not hard to see why Pacific Palisades is one of the most popular neighborhoods in LA. Many of the houses boast a view of the Santa Monica Mountains, as well as the beauty of the Pacific coast. You can also visit the J. Paul Getty Villa museum to learn more about the beauty and art of the area. There are also several parks in the Pacific Palisades that provide the ideal location for sports activities or spending time with family. Speaking of families, the city is also great for children. Five public schools, six private schools, and one public library serve the area.
If you love the sunny weather and want to enjoy it as much as possible, you’ll love taking a walk in The Village. This business district is designed for walkers and features a farmer’s market, as well as quality shops and restaurants for your enjoyment. The Village is not far from Marquez Knolls and Castellammare, affluent neighborhoods in Pacific Palisades that feature large homes built with quality standards in mind. These large estates also offer privacy to some of the town’s most well known residents including actor Ben Affleck, director Judd Apatow, and basketball player Kobe Bryant.
The median home value in Pacific Palisades is $2,657,200. Pacific Palisades home values have gone up 9.3% over the past year and Zillow predicts they will rise 2.4% within the next year.
Foreclosures will be a factor impacting home values in the next several years. In Pacific Palisades 0.8 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 3.2