Despite the devastating fires in January, the LA real estate market has shown resilience and strength over the past 8 months when compared to the same period in 2024.

In the charts below, I’ve highlighted the trends in number of closed sales, sold volume, and median sale price for many of the  neighborhoods I specialize in.

Pacific Palisades, as to be expected, saw a huge decrease (down 67%) in the number of closed sales, with 57% less total volume sold, and saw a 5% decrease in median sales price. Malibu also saw a large decrease (down 41%) in the number of closed sales and saw 36% less total volume sold, but it experienced a 17% increase in median sales price.

Many of the displaced victims of the Palisades fire made the decision to relocate to nearby beach cities, such as Santa Monica and Venice, where the number of closed sales experienced the largest increases (up 54% and 43%, respectively), but Bel Air/Holmby Hills had the largest increase in total sold volume (97%) and largest increase in median sales price (32%). Brentwood and Mar Vista also saw healthy increases in the number of closed sales, total sold volume and median sales price.

Beverly Hills and the South Bay Beach Cities likewise experienced increases on all three metrics, but the magnitude of the increases was not as large as in other areas.

The Hollywood Hills West area experienced a slight decrease in total sold volume and in median sales price, which may be due to buyers being wary of purchasing in the more fire-prone hills. However, Brentwood and Bel Air, which both are also in the hills and carry some risk of fires, did not experience the same downward trend.

If you’d like to learn more about the market or are curious about what your home may be worth, give me a call.