""Early on, the market was very active. A lot of Altadenans, a lot of La Cañadans, a lot of people wanted to be involved in the rebuild," said Fuller, a real estate agent in Altadena. But as more and more lots hit the market, buyers and sellers both had to adjust their expectations. By mid-summer 2025, inventory had reached its high point, with around 160 active lot listings in Altadena, according to Fuller."
"A new report from Redfin shows that at least 40% of lot sales in the fire-damaged areas in both Altadena and Pacific Palisades went to investors in the third quarter of 2025. This raises the likelihood, some experts say, that outsiders may hold off on rebuilding to maximize their investment. The finding comes amid worries from fire survivors in Altadena, Pacific Palisades and Malibu that their communities will be rebuilt by investors."
Last spring local market activity suggested rebuilding could be community-led, with many residents and nearby buyers interested in participating. Inventory in Altadena peaked around 160 active lot listings by mid-summer 2025 and fell to 75 by year-end as prices declined. Redfin analysis found at least 40% of lot sales in fire-damaged Altadena and Pacific Palisades went to investors in Q3 2025, with a similar share in Malibu. Nationwide investor purchases of single-family homes were about 17% in the same period. The growing investor presence increases the likelihood of delayed rebuilding and raises survivor concerns about displacement and outside control of recovery.
Read at Los Angeles Times
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