The latest fires in Los Angeles County set more than $ 40 billion in risk real estate, according to a new report from Realtor.com® Economic Research Team.
Since Eaton fires and Palisades began in Jan. 7, their borders have expanded to include more than 15,800 residential properties, with a total value of $ 40.3 billion.
The average house within the Eaton fire limits has a estimated value of $ 1.3 million, while the typical house at the Palisades fire limit has a valued $ 3 million.
The average value of the county house is somewhat lower than both affected areas, at $ 870,500.
It is worth noting that not every home inside the perimeter of fires was necessary and destroyed. Also, a considerable part of the total value of wealth in Los Angeles is in the land itself, which means that a reduced home in the ruins can still be lowered to millions based on the value of the part.
The cost of rebuilding all fire -owned properties, including commercial property, is valued by Corelogic to exceed $ 13 billion.
The new analysis shows the extraordinary degree of destruction and the task of rebuilding forward. Although mostly contained, both fires are still burning.
Residents within the fire limits of Eaton and Palisades make up 0.9% of Los Angeles District Residential Property and account for 2% of the total value of property in the county.
So far in 2025, about 100 houses are listed on sale within the fire limits of Eaton and Palisades, new analysis revealed.
These lists in risk areas make up about 1.3% of all active lists of home for sale so far this year in the county, slightly higher than the part of the excessive housing area.
Was already experiencing a lack of shelter
Over the past decade, the new family formation in the Los Angeles subway area has exceeded the construction of homes with a family with more than 2-1, new analysis revealed.
Between 2013 and 2023, the area added approximately 290,000 new families, but issued only about 107,000 building permits with a single family, a gap of approximately 200,000 homes.
The gap is probably wider than the data suggests, such as the limited supply of housing and the determination of high costs of housing from training, the study notes.
Increasing apartment rents has helped compensate for the shortage of homes. In the last decade, approximately 220,000 multifamilic permits were issued, adding significant rental inventory to the market.
However, the limited supply and strong demand for housing has kept the fierce competition and prices of high homes.
The average pricing of the square foot list is glued throughout the data history (again in mid -2016).
In 2024, there was approximately 36.1% less home for sale compared to 2019.
Movement from fires that are expected to make strain on rents
The rents in the Metroa area of Los Angeles in December were already the fourth highest in the country, after New York City, Boston and San Jose, Ca.
The media for renting for a 0-2 bedroom home was $ 2,750. This figure was 2.7% of a year’s action, and demanding rents saw a poor increase in the last second years in a sustainable supply of multifamily conclusions.
In accordance with the poorest increase in rent, vacancies were 5.9% in the third quarter of 2024, its highest level in 10 years.
Slack in the LA rent market will help accommodate those who appear from fires – but the second on the new question of living space, rents are likely to grow.
So far this year, traffic on Realtor.com® on Los Angeles rental lists by residents of the area has increased twice as much as traffic on remote lists across the country.
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