Redfin Reports Home Sales Dropped Significantly in Altadena and the Pacific Palisades in Aftermath of Los Angeles Wildfires
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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Source: Business Wire
The story is different in the greater Los Angeles metro, where the housing market picked up SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home sales fell by double digits in the Pacific Palisades and Altadena in the wake of January’s devastating Los Angeles wildfires, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.In the Palisades (90272), just 12 homes sold in February, down 56% from a year earlier. And in Altadena (91001), 32 homes sold, down 43% year over year.Home listings fell in neighborhoods hit by the wildfires, too. Listings slowed a bit in February—but not nearly as much as sales. There were 23 new listings in the Palisades, down 12% year over year, and 46 new listings in Altadena, down
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