Redfin Reports Home Sales Dropped Significantly in Altadena and the Pacific Palisades in Aftermath of Los Angeles Wildfires
Redfin (NASDAQ: RDFN) reports significant drops in home sales in Los Angeles areas affected by January wildfires. The Pacific Palisades saw a 56% year-over-year decline with only 12 homes sold in February, while Altadena experienced a 43% decrease with 32 homes sold.
New listings declined more moderately, with Pacific Palisades down 12% and Altadena down 6%. The median home price in Altadena fell 8% to $1.2 million, while Pacific Palisades saw a 32% increase to $2.9 million.
Despite the slowdown in fire-affected areas, the broader Los Angeles metro market gained momentum, with home sales rising 6.2% year-over-year in February - the largest increase among major metro areas. New listings increased 13.6%, and the median sale price rose 5.1% to $920,000.
Adjacent neighborhoods saw significant increases in activity, with Brentwood's home sales up 23% and new listings up 81%. Buyers are now reportedly favoring flat residential communities over hillside locations due to wildfire risks and increasing insurance costs.
Redfin (NASDAQ: RDFN) riporta significative diminuzioni nelle vendite di case nelle aree di Los Angeles colpite dagli incendi di gennaio. Pacific Palisades ha visto un calo del 56% anno su anno, con solo 12 case vendute a febbraio, mentre Altadena ha registrato una diminuzione del 43% con 32 case vendute.
Le nuove inserzioni sono diminuite in modo più moderato, con Pacific Palisades in calo del 12% e Altadena in calo del 6%. Il prezzo medio delle case ad Altadena è sceso dell'8% a $1,2 milioni, mentre Pacific Palisades ha visto un aumento del 32% a $2,9 milioni.
Nonostante il rallentamento nelle aree colpite dagli incendi, il più ampio mercato metropolitano di Los Angeles ha guadagnato slancio, con le vendite di case in aumento del 6,2% anno su anno a febbraio - il più grande aumento tra le principali aree metropolitane. Le nuove inserzioni sono aumentate del 13,6% e il prezzo medio di vendita è salito del 5,1% a $920.000.
I quartieri adiacenti hanno visto significativi aumenti di attività, con le vendite di case a Brentwood in aumento del 23% e le nuove inserzioni in aumento dell'81%. I compratori ora sembrano preferire comunità residenziali pianeggianti rispetto a quelle collinari a causa dei rischi di incendi e dell'aumento dei costi assicurativi.
Redfin (NASDAQ: RDFN) informa sobre caídas significativas en las ventas de viviendas en las áreas de Los Ángeles afectadas por los incendios de enero. Pacific Palisades experimentó una disminución del 56% interanual, con solo 12 casas vendidas en febrero, mientras que Altadena tuvo una disminución del 43% con 32 casas vendidas.
Las nuevas listas disminuyeron de manera más moderada, con Pacific Palisades cayendo un 12% y Altadena un 6%. El precio medio de la vivienda en Altadena cayó un 8% a $1.2 millones, mientras que Pacific Palisades vio un aumento del 32% a $2.9 millones.
A pesar de la desaceleración en las áreas afectadas por incendios, el más amplio mercado metropolitano de Los Ángeles ganó impulso, con las ventas de viviendas aumentando un 6.2% interanual en febrero, el mayor aumento entre las principales áreas metropolitanas. Las nuevas listas aumentaron un 13.6%, y el precio medio de venta subió un 5.1% a $920,000.
Los vecindarios adyacentes vieron aumentos significativos en la actividad, con las ventas de viviendas en Brentwood aumentando un 23% y las nuevas listas aumentando un 81%. Ahora se informa que los compradores prefieren comunidades residenciales planas sobre ubicaciones en colinas debido a los riesgos de incendios forestales y el aumento de los costos del seguro.
레드핀 (NASDAQ: RDFN)은 1월 산불의 영향을 받은 로스앤젤레스 지역의 주택 판매가 크게 감소했다고 보고합니다. 퍼시픽 팰리세이드는 12채만 판매되어 전년 대비 56% 감소했으며, 알타데나는 32채가 판매되어 43% 감소했습니다.
신규 매물은 더 완만하게 감소했으며, 퍼시픽 팰리세이드에서는 12%, 알타데나에서는 6% 감소했습니다. 알타데나의 중간 주택 가격은 8% 하락하여 120만 달러가 되었고, 퍼시픽 팰리세이드는 32% 상승하여 290만 달러에 달했습니다.
산불 영향을 받은 지역의 둔화에도 불구하고, 더 넓은 로스앤젤레스 메트로 시장이 활기를 얻었습니다. 2월 주택 판매는 전년 대비 6.2% 증가하여 주요 메트로 지역 중 가장 큰 증가폭을 기록했습니다. 신규 매물은 13.6% 증가했으며, 중간 판매 가격은 5.1% 상승하여 92만 달러에 도달했습니다.
인근 지역은 활동이 크게 증가했으며, 브렌트우드의 주택 판매는 23% 증가하고 신규 매물은 81% 증가했습니다. 구매자들은 이제 산불 위험과 보험 비용 증가로 인해 언덕 지역보다 평지 주거 커뮤니티를 선호하는 것으로 보고되고 있습니다.
Redfin (NASDAQ: RDFN) rapporte des baisses significatives des ventes de maisons dans les zones de Los Angeles touchées par les incendies de janvier. Pacific Palisades a connu une baisse de 56% par rapport à l'année précédente, avec seulement 12 maisons vendues en février, tandis que Altadena a enregistré une diminution de 43% avec 32 maisons vendues.
Les nouvelles annonces ont diminué de manière plus modérée, avec Pacific Palisades en baisse de 12% et Altadena en baisse de 6%. Le prix médian des maisons à Altadena a chuté de 8% à 1,2 million de dollars, tandis que Pacific Palisades a connu une augmentation de 32% à 2,9 millions de dollars.
Malgré le ralentissement dans les zones touchées par les incendies, le plus large marché métropolitain de Los Angeles a gagné en dynamisme, avec une augmentation des ventes de maisons de 6,2% par rapport à l'année précédente en février - la plus forte augmentation parmi les principales zones métropolitaines. Les nouvelles annonces ont augmenté de 13,6%, et le prix de vente médian a augmenté de 5,1% pour atteindre 920 000 dollars.
Les quartiers adjacents ont connu des augmentations significatives d'activité, avec les ventes de maisons à Brentwood en hausse de 23% et les nouvelles annonces en hausse de 81%. Les acheteurs semblent maintenant favoriser les communautés résidentielles plates plutôt que les emplacements en hauteur en raison des risques d'incendie et de l'augmentation des coûts d'assurance.
Redfin (NASDAQ: RDFN) berichtet von signifikanten Rückgängen bei den Hausverkäufen in den von den Waldbränden im Januar betroffenen Gebieten von Los Angeles. Pacific Palisades verzeichnete einen Rückgang von 56% im Jahresvergleich, mit nur 12 verkauften Häusern im Februar, während Altadena einen Rückgang von 43% mit 32 verkauften Häusern erlebte.
Die neuen Angebote gingen moderater zurück, wobei Pacific Palisades um 12% und Altadena um 6% zurückging. Der Medianpreis für Häuser in Altadena fiel um 8% auf 1,2 Millionen Dollar, während Pacific Palisades einen Anstieg von 32% auf 2,9 Millionen Dollar verzeichnete.
Trotz der Verlangsamung in den von Bränden betroffenen Gebieten gewann der breitere Los Angeles Metro-Markt an Schwung, mit einem Anstieg der Hausverkäufe um 6,2% im Jahresvergleich im Februar - der größte Anstieg unter den großen Metropolregionen. Die neuen Angebote stiegen um 13,6%, und der Medianverkaufspreis stieg um 5,1% auf 920.000 Dollar.
Benachbarte Stadtteile verzeichneten signifikante Aktivitätssteigerungen, wobei die Hausverkäufe in Brentwood um 23% und die neuen Angebote um 81% zunahmen. Käufer bevorzugen nun offenbar flache Wohnanlagen gegenüber Hanglagen aufgrund von Waldbrandrisiken und steigenden Versicherungskosten.
- Greater Los Angeles metro sales increased 6.2% YoY, leading major metro areas
- Los Angeles metro median sale price rose 5.1% to $920,000
- Adjacent neighborhoods saw strong growth (Brentwood: sales +23%, listings +81%)
- Pacific Palisades median home price increased 32% to $2.9 million
- Pacific Palisades home sales plummeted 56% YoY
- Altadena home sales dropped 43% YoY
- Altadena median home price decreased 8% to $1.2 million
- Insurance companies implementing stricter requirements and higher costs in hillside areas
The story is different in the greater
In the Palisades (90272), just 12 homes sold in February, down
Home listings fell in neighborhoods hit by the wildfires, too. Listings slowed a bit in February—but not nearly as much as sales. There were 23 new listings in the Palisades, down
Sale prices dropped in
Summary of housing-market activity: Zip code level housing-market data |
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Median sale price |
Median sale price, YoY |
Home sales, YoY |
New listings, YoY |
Days on market |
Days on market, YoY |
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- |
- |
49 |
-5 |
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- |
- |
- |
28 |
-21 |
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53 |
10 |
It stands to reason that home sales and listings dropped, as the Palisades and Eaton wildfires destroyed thousands of homes. Many homes no longer exist. Many of the people who were displaced by the fires moved into rentals rather than buying a new home, and many who didn’t lose their homes pressed pause on their house hunt as the wildfires wreaked havoc across the region.
Redfin agents say would-be homebuyers and sellers in the Palisades and
Now that a few months have passed since the wildfires, Redfin agents report that some house hunters who were looking in the Palisades or
“I’m now working with a mix of people. Some of them were looking before the fires, and some started looking after,” said Sam Najarian, a Redfin Premier agent who works primarily in
In Greater L.A., the Market Is Gaining Momentum After a January Lull
While homebuyers and sellers backed off from the Palisades and
Home sales rose
The
New listings rose significantly in February in many neighborhoods close to the Palisades and Eaton fires but not directly impacted by them. That’s partly because many people who were displaced by the fires needed a new place to live and many homeowners in adjacent areas listed their home to meet demand.
For instance, in Palisades-adjacent zip code 90049 (
Sales and listings also soared in parts of
“One thing I’m noticing: people I met with six months or a year ago are suddenly calling, saying they want to list their homes,” said Thomas Royds, a
Please note that Redfin is reporting on small, zip-code level sample sizes to provide a snapshot of what happened in the immediate aftermath of the Palisades and Eaton fires in the neighborhoods impacted most. Redfin will keep an eye on what happens in the coming months. Also note that this data includes homes only; it doesn’t include parcels of land with no structures.
To view the full report, please visit: https://www.redfin.com/news/home-sales-palisades-altadena-february-2025/
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than
Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@redfin.com. To view Redfin's press center, click here.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250324531263/en/
Contact Redfin
Redfin Journalist Services:
Isabelle Novak
press@redfin.com
Source: Redfin
FAQ
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