H
ome sales and listings have undergone a significant shift in Westside neighborhoods of Los Angeles, with areas such as Santa Monica, Beverly Hills, and Culver City experiencing notable impacts. In Pacific Palisades, home sales plummeted 56% year-over-year to just 12 homes sold in February, while new listings dropped 12%. Nearby Altadena saw a 43% drop in sales and a 6% decline in new listings.

    In contrast, neighboring communities like Beverly Hills, Brentwood, West Hollywood, and Santa Monica have seen an influx of inventory. Santa Monica reported a staggering 166% surge in home sales as displaced buyers sought new places to live. Marina del Rey and Culver City also saw spikes in buyer activity, driven by those fleeing fire-affected zones.

    Beverly Hills and Brentwood, two upscale neighborhoods adjacent to the Palisades, have seen home listings nearly triple compared to last year due to increasing demand. Brentwood reported a 23% rise in home sales and an 81% jump in new listings in February alone. Malibu and West Hollywood, however, experienced dips in home sales for the month.

    Median home prices varied across neighborhoods, with Pacific Palisades jumping 32% to $2.9 million, making it one of L.A.'s priciest areas. In contrast, Altadena's median price fell 8%. Santa Monica and Beverly Hills remained among the highest-priced markets due to strong demand from buyers seeking secure terrain.

    Redfin agents note that many homebuyers are now opting for flat, urban neighborhoods over hillside properties due to increased fire risk and evolving insurance concerns. Properties away from brush zones have become more appealing in areas like Santa Monica, Culver City, and Marina del Rey.