Amalfi Founder Anthony Marguleas
Amalfi founder Anthony Marguleas has examined the Pacific Palisades Real Estate Market extensively this past year to learn the effects of the January 2025 Palisades Fire.
In Part 1, which ran in yesterday’s Circling the News, click here. Marguleas examined land as a leading indicator. In Part 2, he looks at how the momentum of the market is now beginning to affect home owners more directly as people make the hard decisions – do they rebuild, do they sell, do they wait?
Marguleas also hosted a Zoom webinar about real estate, land, house and condo sales in Pacific Palisades and it can be accessed click here.
“Pricing trends for homes outside the Riviera have become clearer,” Marguleas said and noted that non-Riviera home prices declined 15.3 percent year over year, from $1,344 per square foot to $1,138 per square foot.
When he compares home sales in the fire area (excluding the Riviera) from 2024 to 2025, sales are down about 67 percent. “That decline is because of limited inventory, rebuilding uncertainty and owner hesitation, not a lack of buyer interest,” Marguleas said.
Overall Marguleas said home pricing has adjusted meaningfully in the fire burn areas; sales volume remains suppressed because of timing and uncertainty – not demand.
As far as leasing, “it lags land activity,” Marguleas said, “but that is based on uncertainty around insurance timing, rebuilding decisions and neighborhood livability rather than tenant demand.”
Condos are a separate market and during 2025, the sales volume was down 66.2 percent and the price per square foot was also down by 17 percent compared to 2024.
Marguleas also looked at foreclosures, which are limited. He said that about 29 percent of foreclosure-properties were located in the Riviera, which was not impacted by fire. “The remaining activity is spread across the rest of the Palisades and is typically tied to insurance timing, forbearance decisions or owner choosing not to rebuild.”
About the market, Marguleas said “New listings are most likely to appear in pockets, particularly among owners who initially planned to rebuilding, but ultimately decide not to. Historically, these moments create opportunity and clarity, not collapse.”
Visit Amalfi website: click here.
The offers on my dirt continue unabated and rising as the months slide by.