The Palisades Fire accounted for the largest share of the damage, based on information from the California Department of Forestry and Fire Protection. Considered California’s third most destructive wildfire on record, the event severely affected the Pacific Palisades area and extended into other residential zones.
The Redfin report did not account for properties damaged by the Eaton Fire in nearby Altadena, suggesting the total financial impact exceeds current estimates.
Property characteristics within the affected group revealed consistent trends. The typical home was valued at $3.7 million before the fires and measured 2,916 square feet in finished space. Nearly 100 homes exceeded $20 million in value. On average, these homes were constructed in 1957. Cumulatively, the properties represented roughly 36.7 million square feet of built space. Risk scores associated with these homes placed them at a level 5 on the First Street Fire Factor scale, labeled as “major” risk.
The First Street Fire Factor score is based on an assessment model that combines historical fire data with climate projections to assign relative fire risk. These scores are not assigned to specific years but rather represent projected and ongoing risk.
Greg Eubanks, a Redfin Premier agent in Los Angeles, said that many displaced residents are currently renting as they sort through insurance matters and long-term housing decisions.