July 8, 2025 Breaking News, Latest News, and Videos

Prices Spike in Brentwood, West Hollywood, and Santa Monica Amid Post-Fire Housing Rush

Displaced Families Are Reshaping Los Angeles’ Housing Market on the Westside

Home sales and prices across Los Angeles surged in the first quarter of 2025 as thousands of residents displaced by January’s devastating wildfires scrambled to find new housing, according to a report released Thursday by Douglas Elliman.

Fueled by the Pacific Palisades and Eaton fires, which destroyed homes and forced roughly 13,000 families to relocate, real estate activity soared in many neighborhoods, especially those bordering the fire zones. Total home sales across the city’s Westside climbed 25.2% year-over-year, while sales in the luxury segment, representing the top 10% of the market, jumped 28.9%.

Some of the most dramatic spikes were seen in areas adjacent to the burn zones. Santa Monica and Venice saw single-family home sales more than double, while West Hollywood and Century City reported gains exceeding 80%.

Despite the intense demand, the supply of homes rose as well. Inventory increased 47.7% citywide as more homeowners and developers rushed to take advantage of rising prices.

Those prices didn’t disappoint: The median sales price in the Westside region climbed 7.7% to nearly $2 million. Condominiums saw the steepest increase, up 12.4% to a record-high median of $1.18 million. Luxury condos rose 26% to a median of $3.9 million, bolstered by the delivery of high-end new developments selling for as much as $4.7 million.

Brentwood led the city in price acceleration, with the median price of a single-family home reaching $5.1 million, an increase of nearly 47%.

Although some of the market’s momentum is expected to taper as the wildfire crisis stabilizes, experts say L.A.’s Westside remains highly competitive, especially in areas with newer construction and walkable amenities.

<>Related Posts

Anti-Drunk Driving Resolution Introduced as City Council Honors Late Palisades Teen Killed in Crash

July 8, 2025

July 8, 2025

Levi, who was set to attend the University of Virginia this fall, was killed by a drunk driver on May...

Free and Reduced Price School Meals Available for Eligible Families in Santa Monica-Malibu District

July 8, 2025

July 8, 2025

Parents in Need Encouraged to Apply, SMMUSD Commits to Nutritious, Accessible Meals By Brandyi Phillips, SMMUSD Chief Communications Officer Santa...

Big Blue Bus to Raise Fares for First Time in Nearly a Decade

July 8, 2025

July 8, 2025

The fare increase aims to offset rising costs for fuel, utilities, and supplies, according to the agency. The Santa Monica...

Shore Hotel: A Local Destination for Summer Fun

July 8, 2025

July 8, 2025

Bring on all things summer. Walking or biking along Santa Monica Pier, you might find yourself taking a pause at...

Santa Monica’s 150th Anniversary to be Celebrated with Vibrant State of the City Event

July 7, 2025

July 7, 2025

Attendees are encouraged to bring blankets, beach chairs, and picnics to enjoy during the performances Santa Monica will mark its...

Soprano Golda Zahra Returns to BroadStage For a One-Night-Only Musical Celebration

July 7, 2025

July 7, 2025

Hailed as “the rising star of the opera world” by The Hollywood Times, internationally acclaimed soprano Golda Zahra makes her much-anticipated return to BroadStage in...

(Video) Hundreds of Drones Light up the Sky for Palisades to Celebrate July 4th

July 7, 2025

July 7, 2025

The Event Marked One of the First Large Gatherings Among Palisadians Since the January Wildfires. The Event Marked One of...

Transform Your Life: The Free Virtual ONENESS GLOBAL SUMMIT Debuts July 18-20, 2025

July 7, 2025

July 7, 2025

The ONENESS GLOBAL SUMMIT, a transformative three-day virtual event, is coming, July 18-20, 2025, offering participants worldwide a free opportunity...

Santa Monica Home Defies Convention: Architect Eric Owen Moss Debuts Shape-Shifting Design

July 7, 2025

July 7, 2025

Pistachio-Colored Marvel Boasts Curving Walls, Sharp Angles, and Challenging Design A striking residence in Santa Monica is turning heads with...

Caitlyn Jenner’s Friend and Former Foundation CEO Dies in Malibu ATV Crash

July 7, 2025

July 7, 2025

ATV Plummeted 350 Feet After Rear-Ending Vehicle in Malibu Sophia Hutchins, former CEO of the Caitlyn Jenner Foundation and longtime...

New SaMo Bridge Program Refers 56 People in First Month; 37 Connected to Services

July 7, 2025

July 7, 2025

According to city officials, the program is on pace to meet its goal of serving 260 individuals annually Santa Monica’s...

Multi-Family Venice Property on Rare Double Lot Lists at Over $5M

July 7, 2025

July 7, 2025

In total, the four units provide 5,398 square feet of living space A multi-family property located one block from Venice...

Hama Sushi Hosts Weekly Music and Comedy Open Mics

July 5, 2025

July 5, 2025

The venue, a Venice Beach staple since 1979, has recently expanded its legendary happy hour to the entire patio Hama...

Connections Breakfast to Network Local Business Professionals in Malibu

July 5, 2025

July 5, 2025

The event, sponsored by Malibu Country Mart, will feature a breakfast mixer where attendees can meet new contacts  A Connections...

12th Annual Gopher Scramble Golf Tournament to Benefit Venice Heritage Museum

July 5, 2025

July 5, 2025

The museum opened to the public in March 2024 at the Main Street Design Center with its inaugural exhibition, “This...