A Look at Palisades Real Estate Since the Fire

By THE EDLEN TEAM, CHRISTINA WAGNER | Special to the Palisadian-Post

As of June 30, 214 land parcels (aka lots) are currently available, ranging from $899,999 for a 4,174-square-foot lot on Posetano to $7,495,000 for a 33,206-square-foot lot on Alcima. Thirty-three lots are in escrow and 102 lots have sold since January 7, ranging from $570,000 for a 5,474-square-foot lot on Posetano to $5,149,000 for a 12,098-square-foot lot on Frontera.

At the start of July, 58 single-family Palisades residences were listed in the Multiple Listing Service, ranging from a four-bedroom, four-and-a-half-bathroom home on Avenida de Santa Ynez asking $2,195,000 to a seven-bedroom, 12-bathroom on Paseo Miramar asking $54 million. A total of 15 homes were sold in the Palisades in the first half of 2025, ranging from a four-bedroom, three-bathroom on Akron, which sold for $1.4 million, to a six-bedroom, seven-bathroom on Toulon, which sold for $20 million. Median sale price was $6,449,000 (mostly due to sales in the Riviera and Rustic Canyon areas). There are currently eight standing-home escrows open in the Palisades.

There are 20 condominiums/townhouses on the market as of July 1. They range from a one-bedroom, one-bathroom on Sunset being offered at $740,000 to a three-bedroom, three-bathroom on Palisades Drive for $2,395,000. Only two condos are in escrow and five have sold since the January 7 fire. They range from a two-bedroom, two-bathroom on Sunset, which sold for $1.25 million, to a three-bedroom, three-and-a-half-bathroom on Tramonto, which sold for $2.25 million. The median sales price for condos at the end of the first half of 2025 was $1,599,000.

There are currently 63 available leases in the Palisades, starting at $4,498 per month for a two-bedroom, two-bathroom unit on Sunset Boulevard and asking as high as $69,500 per month for a six-bedroom, nine-bathroom house on Capri Drive. There have been 30 Palisades leases done in the first half of 2025, ranging from a two-bedroom, three-bathroom townhome on Palisades Circle, which leased for $4,800 per month, to a five-bedroom, seven-bathroom house on San Remo, which leased for $85,000 per month.

The Edlen Team has been the leading Pacific Palisades real estate team for over 25 years and has been closely tracking all post-fire activity, as well as counseling property owners on various ways to navigate their next steps. They can be reached at 310-220-9494 Christina Wagner, 310-433-3124 Tatiana Weiss and 310-600-7422 Michael Edlen.