In Altadena, CA, a burned lot from the Eaton fire sold for $550,000, exceeding its $449,000 listing price. This trend, seen in other areas like Pacific Palisades, indicates a high demand for real estate even after devastating fires. The quick sale, aided by the unique flat lot appeal, reflects an unexpected market reaction. Realtor Brock Harris noted a significant interest, with serious offers pouring in almost immediately. The property owner chose to sell instead of facing lengthy rebuilding processes, highlighting the shift in owner strategies post-disaster.
"The burnt-out piece of land, originally listed for $449,000, generated a frenzy of interest... I didn't expect so many serious offers."
"Land listings typically can linger on the market for years. What sets this property apart is that it is a flat lot, which is rare in hilly Southern California."
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