Celebrity real estate agent Josh Altman is seeing a huge spike in interest among displaced Pacific Palisades residents in seven specific areas following the devastating fire last month.
During an interview with FOX Business, Altman explained that he gets multiple phone calls daily from families who are looking to move to Santa Monica, Brentwood, Beverly Hills, Lower Bel-Air, Newport Beach, Scottsdale and Las Vegas.
“Well, listen. It’s not what they would move to? It’s what we know they’re moving to. It’s the deals that are getting closed. The first place they’re looking is Santa Monica and Brentwood. And I’m telling you, I get requests for Santa Monica and Brentwood throughout the day, every day for the past month,” Altman said.
“And the bumps in the values have been something that has been more aggressive than when we got out of COVID, when that market for, you know, real estate was amazing. The bumps have been more aggressive than when rates were at 2%. We’re talking about a whole new landscape.”
“And also, by the way, comps, you can forget about comps. Comps don’t exist anymore. If it wasn’t a comp from this new year on, it’s not a comp. So that’s a new market that we’re kind of navigating through,” he continued.
“As far as the other places, first, Brentwood, Santa Monica, second, Beverly Hills, Lower Bel-Air, third, Newport Beach, fourth, Scottsdale, Vegas. That’s what I’m seeing a lot of.”
Altman told FOX Business that he spoke to someone who shared that a public school in Newport Beach has received 76 new applicants from Los Angeles families, displaced by the LA Fires, in the last 10 days alone.
The realtor explained that it Is too early to know if these moves are permanent but did share that families are…