#pacific-palisades

#pacific-palisades

Market watchers may be hoping Los Angeles got the last of its summer hangover out of its system as families return from overseas vacations and kids trek back to the classroom. The total value of homes that went into contract last week in L.A. County's high end slid 48.2 percent from a year earlier, with asking volume coming out to $126.2 million, according to a report compiled by Marcy Roth of Douglas Elliman's Eklund Gomes team.

The Pacific Palisades homes impacted by the January wildfire had a total value of $51.7 billion before the blaze devoured the westside Los Angeles neighborhood, according to a recent Redfin report.

"We just wanted to have something where the community could gather and have a place to visit while they're visiting their place of residence ... and feel a bit of normalcy after such a devastating event," said Jim Harris, the restaurant manager and chief executive of Gladstones Legacy Group.

The reopening of the Pacific Coast Highway will reconnect Malibu to the Westside, but security plans for the fire-damaged Pacific Palisades community remain unclear.

We just don't have the finances, and I'm not sure we can keep our lot because you still have to pay a mortgage on it.

Today, the property features five bedrooms, two of which are detached from the main residence, and 3.5 bathrooms, as well as a guesthouse that has been turned into a music studio.

Los Angeles County Supervisor Lindsey Horvath confirmed the inclusion of the fire-ravaged Tahitian Terrace in a federal debris removal program, reassuring residents of progress in rebuilding.

Investigators hope the controlled fire tests will help establish the origin and ignition point of the deadly Palisades fire, which devastated the area.