On the first anniversary of the Pacific Palisades and Malibu wildfires, vacant land is piling up across some of Los Angeles' most heavily damaged neighborhoods, even as investors account for a growing share of the limited transactions taking place.
California home sales in August 2025 edged higher, supported by stabilizing prices and a modest decline in mortgage rates, according to the California Association of Realtors.
Wildfires that ravaged Pacific Palisades, Malibu and Los Angeles areas for 3 weeks last January scorched an estimated $51.7 billion in residential real estate, marking one of the most financially devastating wildfire events in U.S. urban history, according to a new analysis by Redfin.
According to new Redfin research, a beachfront compound in Naples, Florida has set the high-water mark for U.S. residential real estate this year, selling for a record $133 million in April 2025.