Bottom of the Market in the Palisades? $1.15 Million

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Westide Bubble sees signs of price softness in the Palisades. You be the judge; the house wedged in on the lower right, a 2-bedroom, sold in March for $1.15 million. But it was listed for $1.299 million, according to Westside Bubble. Softness? Or still shockingly spendy? Or both?

Snippet: ‘El Medio Bluffs is the part of Pacific Palisades south of Sunset Blvd., west of Temescal Canyon Rd. Asilomar Blvd. at the edge of the bluffs has a wonderful view of the ocean (over the trailer park on PCH, though).’

‘The house on the right in the photo is at 478 Wynola, 2 bed/1 bath. You can see its very shallow back yard. It was asking $1,299K, but closed 3/23/07 for $1,150K. That’s about the bottom there recently. Two other recent cheaper sales were 741 El Medio, 3/2, closed 2/2/07 for $1,440K, and 16050 Aiglon, 3/1.5, closed 2/22/07 for $1,479K.’