After the devastating fire in Pacific Palisades, celebrity real estate agent Josh Altman reports a significant increase in demand from families looking to relocate. Residents are primarily interested in properties in areas like Santa Monica and Brentwood, with multiple requests coming daily. Altman highlights a dramatic rise in property values and notes that traditional comps no longer apply in the current market. He mentions a wave of 76 new applicants to a Newport Beach school in just 10 days, indicating families' desire for stability and quality education following the disruptions.
"Well, listen. It's not what they would move to? It's what we know they're moving to. It's the deals that are getting closed."
"The bumps in the values have been something that has been more aggressive than when we got out of COVID, when that market for, you know, real estate was amazing."
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