In Altadena, more than half of the distressed lots post-wildfire have reportedly been sold, signaling a rebound in the real estate market. Anthony Marguleas and Jason Bergman highlighted the rapid sales and heightened demand for properties in fire-affected neighborhoods during a community meeting. Many homeowners face decisions about either undergoing lengthy rebuilds or selling their lots swiftly. The regional market dynamics reflect increased investment interest as families seek immediate housing solutions, especially in nearby Pasadena where real estate prices also reflect high demand, particularly for quality schools.
More than half of the burned lots listed in Altadena have been sold, demonstrating a significant resurgence in real estate activity following January's wildfires.
There's a lot of money circling around as homeowners evaluate their options post-wildfire destruction, whether to rebuild or sell quickly.
The rush of activity reflects families' desires to avoid lengthy rebuilding processes, pushing them to secure homes now, particularly in Pasadena.
The uptick in demand is intensified by various factors, including pre-wildfire market trends and the appeal of being part of the Pasadena Unified School District.
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