California has witnessed devastating wildfires, particularly the Eaton and Palisade fires, which have destroyed thousands of homes. In the aftermath, some homeowners are opting to sell the burned properties or land, resulting in an unexpected surge in interest from real estate investors and builders. Real estate agent Brock Harris noted this trend, stating that sold properties have often gone for well over asking prices. The high demand for rebuildable land amidst limited availability in Southern California reflects strong market interest and enthusiasm for reconstruction.
"We received over 100 calls on the property," Harris tells Realtor.com. "About half of them were experienced builders and/or investors, and the rest were people trying to see if there was a deal here or money to be made."
"It is in escrow for $550,000, all cash, no contingencies, and will close shortly," adds Harris.
"While the land has been impacted by the recent Palisades fire, it presents a blank canvas for visionary buyers ready to reimagine its potential," the listing reads.
"And there's a lot of enthusiasm to rebuild Altadena," he says.
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