The enormous scale of the wildfire devastation in Los Angeles County is still coming into focus, but it is already clear that the task of rebuilding to come will be herculean. As the disaster is ongoing, the current focus properly remains on containing the blazes and protecting lives and property from additional harm.
At least 12,300 structures have been destroyed in the fires, according to Cal Fire, but it's unclear how many of those buildings were homes. The areas with the greatest devastation include the Pacific Palisades, which was decimated in the Palisades Fire, and Altadena, where the Eaton fire wrought destruction.
Loss estimates will likely continue to rise, with damage assessments still underway. But in their latest estimate on Tuesday, analysts with investment bank Keefe Bruyette & Woods predicted insured property losses of up to $40 billion, roughly double their estimate from a day earlier.
For individual homeowners, rebuilding costs will vary widely depending on the size and nature of the new home. In the Pacific Palisades, homes were listed at a median price of $4.7 million last month, but much of that value was in the land itself, before any improvements.
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