In Pacific Palisades, home sales fell by 56% years after year. This corresponded to only 12 housing sales in the area in February after the La Wildfires. The story of Altadena had a similar gloomy message, because Redfin reported that the sale of houses there was falling 43% year after year. That shakes only 32 housing sales in February.
The median selling price in the Pacific Palisades in particular has jumped by 32%since February 2024. But in Altadena, where most neighborhoods are black, selling prices in the year ending in February 2025 fell.
While the sale fueled and the prices were increased, new lists delayed. In the Palisades there were 23 new entries in February 2025, by 12% years after year. In the meantime, Altadena placed a decrease of 6% in new offers.
According to Redfin notification data, there are currently 166 houses for sale in the Palisades and 74 in Altadena.
Despite the unrest caused by the forest fires, the wider housing market in the metro area of Los Angeles saw more sales activities in the same period. Redfin said that housing sales in LA-Area increased by 6.2% annually in February. This represented “a greater increase than any other large metro area,” the report explained. New lists rose by 13.6% and the median selling price grew by 5.1% to $ 920,000 during the year.
“The market in Los Angeles accelerates mainly because of the pent -up demand; many potential buyers and sellers went back in January and returned to the market in February,” Redfin wrote in the report. “The agents of Los Angeles say that there are bags in the metro area, especially places that are considered relatively safe for fires, where each mention sells quickly with multiple offers.”
A Redfin agent said that sellers are on the rise to take advantage of higher prices and an increased demand from those who were displaced by the forest fires.
