No surprise, but areas near the Los Angeles suburbs that were devastated by the January wildfires have seen a surge in home sales. Culver City, Marina Del Rey and Santa Monica, are all winners in the competition for housing that allows displaced residents to stay close to the neighborhoods they call home. The seaside community of Marina Del Rey saw the most dramatic year-over-year surge in sales, at more than 88%!
According to a recent Realtor.com article, "Located just northwest of Marina Del Rey, Culver City, best known as a hub of film and TV production and as the home of Sony Pictures Studios, experienced a massive 77% jump in home sales compared with the same period a year ago.
Santa Monica, the seaside city of 90,000 residents famous for its picturesque pier and amusement park, has seen its housing market dramatically altered in the wake of the fires, with sales soaring 68.5% year over year."
Nice for those selling. Not so nice for those buying. I have heard of a few displaced families buying in Coronado but most seem to want to stay close to home base so they can oversee their rebuilding, keep their children in local schools or stay close to work.
