Data shows destroyed, damaged, and burn-zone homes saw steep value drops.

One year after the Pacific Palisades and Eaton fires tore through hillside communities in Los Angeles County, the financial impact on local housing has come into sharper focus.

More than $8 billion in residential property value has been erased across the Pacific Palisades and Altadena, according to a new analysis from Realtor.com that examined post-fire housing data. The report found steep declines not only among destroyed homes but also across surrounding neighborhoods that escaped direct damage.

In the Pacific Palisades, the total value of homes destroyed by the fires declined to about $10.8 billion, down from roughly $14.7 billion before the blazes. In Altadena, destroyed properties dropped in value to approximately $4.7 billion from $7 billion, Realtor.com reported.

Homes that sustained damage but were not completely lost also saw notable declines. In the Palisades, the combined value of those properties fell to $1.9 billion from $2.2 billion. Comparable homes in Altadena dropped to about $658 million from $825 million.

The losses extended beyond properties that burned. Homes located within the most heavily affected fire zones, but left untouched, still recorded significant declines. Aggregate home values in the Pacific Palisades fell to $9.4 billion from $10.4 billion, while Altadena’s dropped to $3.2 billion from $3.8 billion.

Sales data showed additional pressure on pricing. Homes purchased between 2020 and 2024 that were later destroyed and sold as vacant lots typically changed hands at roughly half of their most recent pre-fire purchase prices.

Altogether, Realtor.com estimated the fires wiped out about $8.3 billion in housing value across the two communities. The analysis did not include other impacted areas such as Malibu and Topanga. Data for the report was compiled using information from real estate analytics firms Cotality and Quantarium.

The findings differ in scope from earlier estimates. Redfin previously reported that $51.7 billion worth of property was affected citywide, though Realtor.com’s study focused solely on lost residential value in the Pacific Palisades and Altadena.

SM Mirror

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