House hunting surges where LA wildfires raged: Report
Share and Follow


() As Los Angeles residents recover from wildfires, house-hunting in many of the communities affected by the fires is reportedly surging.

Dozens of listings in Pacific Palisades and Altadena for scorched plots of land, have hit the market and are selling above expectations, The Wall Street Journal reported.

“All of a sudden, the floodgates are opening,” Anthony Marguleas, founder of the Palisades real estate agency Amalfi Estates, told the Journal.

At first, some listings sold at slight discounts to their pre-fire valuations, according to the report. However, land sellers are now asking for roughly the same value, or higher than, their land’s estimated pre-fire price.

According to the WSJ, brokers estimate that plot of land is worth 40% to 60% of a property’s overall value in Los Angeles, though the precise estimate varies based on the location and size of the parcel. 

Share and Follow
You May Also Like
Texas police officer gunned down by wanted fugitive in violent arrest attempt: officials

Texas Law Enforcement Officer Fatally Shot During Confrontation with Wanted Fugitive: Authorities Report

A Texas police officer lost his life while on duty as he…
The reclusive life of Michael Jackson's ex-wife Debbie Rowe

Inside the Private World of Michael Jackson’s Former Wife, Debbie Rowe

Debbie Rowe, known as Michael Jackson’s former wife, has mostly kept a…
4 astronauts return to Earth, splash down in Pacific Ocean near San Diego

Astronauts Make Safe Splashdown Near San Diego, Returning Home from Space Adventure

At Cape Canaveral, Florida, an astronaut in need of medical attention made…
Mom is charged after her two sons, 5 and 7, are found dead in NJ home

Mother Faces Charges Following Discovery of Her Two Sons Deceased in New Jersey Residence

A tragic incident unfolded in Hillsborough, New Jersey, as a mother faces…
Private jet skids 300 yards off Colorado runway, sustains severe damage in violent crosswind

Terrifying Crosswind Sends Private Jet Skidding 300 Yards Off Colorado Runway: A Harrowing Tale of Survival

A private jet carrying three individuals was dramatically swept off a runway…
Man runs into Florida street to save two young children who wandered away from rental home

Heroic Action: Man Rescues Two Young Children from Florida Street After They Wander from Rental Home

A vigilant driver in Florida sprang into action on Sunday to rescue…
FBI searches Washington Post reporter's home as part of classified documents investigation

FBI Raids Home of Washington Post Journalist in Classified Documents Probe

In an unprecedented move highlighting the government’s intensified crackdown on information leaks,…
Renee Good's family hires George Floyd law firm to investigate Minneapolis ICE shooting

Family of Renee Good Enlists Renowned George Floyd Attorney to Probe Minneapolis ICE Shooting

Renee Good’s family is alleging that federal immigration officials are responsible for…