Friday, July 25, 2025

Redfin Pegs City of Los Angeles Wildfire Damages at $51.7 Billion

The cost of January’s Los Angeles wildfires has soared to an estimated $51.7 billion in impacted housing within Los Angeles city limits, according to Redfin’s newly released July 24 valuation report. This week’s report focused specifically on properties in the City of Los Angeles and omits Altadena/Eaton-Fire damage as well as every other part of unincorporated L.A. County.

Redfin’s analysis identified roughly 11,000 homes within Los Angeles city limits affected by the blazes, with a typical pre-fire home value of $3.7 million (Redfin, July 24, 2025). The figure—among the highest in recent California wildfire history—focuses exclusively on homes inside city boundaries and does not account for damage in county areas like Altadena.

A prior Redfin report issued January 17 included Altadena and Pasadena, but its figures were preliminary and too soon after the event to present a complete picture.

Local agents and residents say the financial toll in Altadena remains under-assessed.

“Everybody in Altadena thought they were going to rebuild, but depending on their situation, a lot of the time it just doesn’t make sense,” said Altadena Realtor Ann Marie Ahern in a June 5 Los Angeles Times interview.

The exclusion of Altadena from Redfin’s city-focused valuation may reflect jurisdictional boundaries, but not the geographic reality of the disaster.

Redfin is a technology-powered real estate brokerage offering a full suite of residential buying, selling, rental, lending, title and renovation services across the United States and Canada.