A year after wildfires devastated parts of Los Angeles, the true cost of the destruction can now be revealed as recovery lags.
The Palisades and Eaton fires of January 2025 caused property values to plummet, with many parts of the city that were affected still struggling to recover and the majority of residents continuing to live in temporary housing.
A new housing data analysis conducted by Realtor.com® researchers reveals that the total value of destroyed homes in the fire zones of the celebrity-studded Pacific Palisades enclave and working-class Altadena fell from $14.7 billion to $10.8 billion and from $7 billion to $4.7 billion, respectively, between late 2024 and the second half of 2025…