Palisades, WA

Palisades is a small town located in the northwest corner of Washington. The population is just over 2,000 people and the median household income is just over $60,000. Palisades has a strong economy based on agriculture and forestry. However, the town has been experiencing an influx of new residents due to its proximity to Seattle and Bellevue. This growth has led to increased demand for housing, which has put pressure on the local real estate market.

The Palisades Real Estate Market

The Palisades real estate market is currently experiencing strong demand due to the influx of new residents. The average sale price for homes in Palisades was $719,500 in 2017, which is up from $640,000 in 2016. In addition, there have been a number of high-profile sales recently including a home that sold for $2 million and a condo that sold for $1 million+. These high prices reflect the increasing demand for housing in Palisades.

One factor contributing to this demand is the fact that Palisades is located close to major cities such as Seattle and Bellevue. These cities are growing rapidly and are attracting a large number of people who want to live near them. As a result, there are now more people looking for homes in Palisades than there are available units available on the market. This situation will likely continue until either more units become available or prices rise sufficiently so that buyers can afford them.

The Local Economy

The local economy in Palisades is based largely on agriculture and forestry products exports. However, this sector has been experiencing decreased growth recently due to global economic conditions and competition from other countries. As a result, many businesses in the local economy have been struggling financially lately. This situation may lead to further pressure on the local real estate market if it continues long term..