More than a year and a half after the Palisades Fire, signs of rebuilding are becoming increasingly visible, and this weekend marks one of the community’s biggest milestones yet: Palisades Village will officially reopen on Saturday, August 15, 2026.
As rebuilding continues, new homes are taking shape, businesses are returning, and the real estate market continues to evolve. We’re taking a look at where rebuilding stands today, what’s returning to the community, and how the local land market has changed since the fire.
Palisades Village Reopens August 15, 2026
After remaining closed since January 2025, Palisades Village will welcome the community back on Saturday, August 15.
Although the Village survived the fire, the property required more than $100 million in remediation and renovation work before reopening. Now 99% leased, the Village will return with the majority of its previous tenants alongside a number of new additions. Nearly one-third of the businesses will be new to the property.
Returning favorites include K Bakery, Porta Via, Blue Ribbon Sushi, elysewalker and A.L.C., among others. Several new businesses are also joining the Village, including Alphabet Bar & Grill and Spacca Tutto, a new Italian steakhouse from Nancy Silverton. Other additions include LESET, opening its first West Coast location, and Los Angeles-based Violet Grey and Xirena.
The grand reopening begins with a ribbon-cutting ceremony at 10:30 a.m., followed by shops and restaurants opening at 11 a.m. Special offers and experiences are planned throughout the Village, with an evening finale at 8 p.m. honoring the Palisades community.
Grand Reopening | Saturday, August 15, 2026
- 10:30 a.m. — Ribbon Cutting
- 11 a.m. – 7 p.m. — Shops
- 11 a.m. – 10 p.m. — Restaurants
- 8 p.m. — Evening Finale
Also returning: The Pacific Palisades Farmers Market is scheduled to return to Swarthmore Avenue on Wednesday, August 19, just days after the Village reopening.
→ View the full Palisades Village Grand Reopening schedule
Palisades Fire Rebuilding Progress
Beyond the Village, rebuilding is moving forward throughout the communities affected by the Palisades Fire. The process remains at very different stages from property to property, with some homeowners still working through design and plan review while others have received permits and moved into construction.
Because Pacific Palisades and Malibu fall under different jurisdictions, rebuilding progress is tracked separately by the City of Los Angeles and City of Malibu.
PACIFIC PALISADES
- 2,224 unique addresses with rebuilding applications
- 1,548 unique addresses with permits issued
- 38 unique addresses with Certificates of Occupancy
The City of Los Angeles reports 6,425 total applications and 4,162 permits issued; because individual properties may require multiple applications and permits, we’ve used the City’s unique-address figures here to provide a clearer picture of the number of properties moving through the rebuilding process.
MALIBU
- 231 single-family rebuild projects with planning approval
- 62 submitted for building plan check
- 90 building permits issued
- 0 Certificates of Occupancy issued
Of the Malibu rebuild projects reported on the City’s dashboard, 230 are pursuing the Like for Like + 10% rebuild option, which allows qualifying homeowners to rebuild generally in the same location with up to a 10% increase in square footage and/or height, subject to applicable requirements.
Sources: City of Los Angeles Rebuilding Progress Dashboard and City of Malibu Rebuild Dashboard. Data accessed August 13, 2026.
→ View the latest Pacific Palisades rebuilding data
→ View the latest Malibu rebuilding data
Land Sales & Current Inventory
As rebuilding moves forward, the Palisades Fire has also reshaped the land market in both Pacific Palisades and Malibu. While many property owners have chosen to rebuild, others have decided to sell, bringing a substantial amount of land inventory to the market.
PACIFIC PALISADES LAND MARKET
- 591 land sales since January 7, 2025
- 215 land sales from January–July 2026
- $1.823M median sale price from January–July 2026
With more than 200 land sales recorded in the first seven months of 2026 alone, the Palisades land market remains active. Pricing varies considerably across the community based on neighborhood, lot size, views and rebuilding potential.
MALIBU LAND MARKET
- 149 land sales since January 7, 2025
- 57 land sales from January–July 2026
- $1.2M median sale price from January–July 2026
The highest Malibu land sale during this period was 22102 Pacific Coast Highway on Carbon Beach, which sold for $14 million after the previous 4,850-square-foot residence was lost in the fire. Current Malibu inventory includes fire-affected properties ranging from hillside rebuild sites to beachfront lots.
For buyers considering a fire-affected property, understanding what previously existed on the site and what may be rebuilt is particularly important. Rebuilding rights, permitting status, utility infrastructure and site conditions can vary considerably from one property to another.
→ View our current land inventory
Source: TheMLS. Land sales since the fire reflect closed sales from January 7, 2025–July 31, 2026. 2026 market statistics reflect closed land sales from January 1–July 31, 2026. Data accessed August 13, 2026. Information deemed reliable but not guaranteed.
Local Businesses Return
Palisades Village isn’t the only sign of commercial life returning to the community. Across Pacific Palisades and Malibu, independent businesses have been reopening their doors, while new businesses are also beginning to invest in the neighborhood.
Longtime local restaurants Palisades Garden Café, Moku Sushi and Spruzzo Restaurant & Bar are among those that have reopened following the fire. Everyday services are returning too, including Murre Cleaners, a family-owned business that has served the Palisades since 1992, and Ruby Nails & Spa, which reopened after an eight-month closure.
In Malibu, businesses along Pacific Coast Highway have faced their own recovery. Duke’s Malibu reopened in March 2026 after a 14-month closure, while locally owned Malibu BUngalows, a flower and plant shop across from Duke’s, has also reopened after sustaining mudflow damage following the fire.
There are new beginnings as well. Pali Trading Post, a neighborhood general store and gift shop, opened on Sunset Boulevard in July 2026. Founded by Palisades resident Michelle Murphy after her family lost their home in the fire, the shop was created as a neighborhood gathering place and now hosts monthly community events.
Supporting local restaurants, shops and services that have returned is one of the simplest ways to support both communities as recovery continues.
Looking Ahead
There is still a long way to go. Rebuilding homes, businesses and community spaces will continue for years, and every property owner is navigating a different set of circumstances.
But nearly 19 months after the Palisades Fire, progress is becoming easier to see. Homes are rising, businesses are reopening, and residents are returning.
We’ll continue following recovery in Pacific Palisades and Malibu, including new construction, land sales and the evolving real estate market as both communities move forward.
The Grether Group | Compass
📧 grethergroup@compass.com
📞 (310) 230-5771
🌐 malibuluxuryrealty.com
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