Redfin Reports Home Sales Dropped Significantly in Altadena and the Pacific Palisades in Aftermath of Los Angeles Wildfires
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Redfin reports significant drops in home sales in fire-affected Los Angeles neighborhoods. Pacific Palisades saw a 56% decrease in home sales, with only 12 homes sold in February compared to the previous year. Altadena experienced a 43% year-over-year decline, with 32 homes sold. The wildfires have negatively impacted both home sales and listings in these areas.
March 24, 2025 | 12:45 pm
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NEGATIVE IMPACT
Redfin's data reveals significant market disruption in fire-affected LA neighborhoods, potentially impacting the company's real estate brokerage business.
The sharp decline in home sales in Pacific Palisades and Altadena could negatively impact Redfin's transaction volumes and revenue in the Los Angeles market. Reduced home sales and listings suggest market uncertainty, which may challenge the company's growth in these areas.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90