The average house destroyed in the fires was worth $ 3.7 million – the city faces about $ 51.7b in total loss

January fires kidnapped through Los Angeles did not leave behind the black hills – they cheated some of the most expensive homes in the region.

A new report by Redfin reveals the stunning rate of financial number, especially in rich neighborhoods like Palisades and Pacific, where the typical fire -destroyed house was worth $ 3.7 million.

In total, nearly 11,000 houses were damaged throughout the city, resulting in about $ 51.7 billion in property loss, according to Redfin data analysis of the Los Angeles City Council. Nearly 100 of the previously affected homes were previously rated at $ 20 million or more.

Many of those ultra high properties were located in Palisades, a coastal enclave favored west of the city. The so -called fire of Palisades, which was torn in the area, is now listed by Cal Fire as the third most devastating fire in California’s history.

The report does not include damage to the Eaton fire in Altadena, a suburban neighborhood north of the city, suggesting that the current financial impact of January fires is likely to be even higher.

“Many people who lost their homes are renting as they work through the security process, and Port realized if, when or where they will buy again,” noted Greg Eubanks, a Redfin agent in Santa Monica, in the report.

While some owners of the Property at High Desk have found buyers for their fire -damaged parts, those in Palisades are facing a tougher market.

“Some people whose homes were burned in Palisades have put up their free parts, but they are not selling as fast as the hightenance registries because the Palisades price is much higher, which is an obstacle for investors,” Eubanks said.

Recovery is slowed by the slow return of typical facilities.

“Also also a little of the six harsh infrastructure has not yet been rebuilt – there are no grocery stores yet,” the Eubanks added.