Amid rebuilding efforts in Southern California, properties in hard-hit areas like Altadena are selling rapidly, with fears of gentrification and loss of community. A Calaveras Street property listed for $449,000 quickly sold for $550,000, showcasing high demand despite fire damage. Another Palisades lot sold for over $1 million, prompting concerns among locals about real estate practices. The community group "Altadena Not For Sale" emphasizes caution against panic selling due to trauma from the fires, urging real estate professionals to explore alternative solutions for homeowners.
The community's rally, "Altadena is not for sale," reflects growing concerns over rebuilding efforts and the push against selling properties to developers.
Real estate activity has surged, with properties like the Calaveras Street lot selling well above asking price, highlighting a tense post-fire market.
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