I grew up moving, so often that I sometimes lost count: New Jersey, Ohio, London, Maryland, Missouri, New Hampshire, Connecticut, and Hong Kong by the time I was eighteen. When I left New York to join my soon-to-be husband, Billy, in Los Angeles, at the beginning of 2005, it occurred to me that I had never lived anywhere longer than seven years.
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.
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.
