“They have no idea”: Soured Palisades lot sales reflect Wild West of comps

Buyers are growing increasingly skittish in the Wild West of the Pacific Palisades real estate market — underscored by the amount of lot sales now crumbling in escrow   Some agents estimate the fallout reaches up to 40 percent of deals — as buyers get the jitters and walk before closing or can’t meet sellers on pricing. “There’s not an emotional attachment,” Amalfi Estates founder Anthony Marguleas said of the challenges of selling lots, noting a distinction from “when you have a home where you can visualize your family.” Amalfi Estates has now sold nearly 70 lots in Pacific Palisades since […]

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