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How much resi real estate is threatened by California fires


As neighborhoods are evacuated and winds feed the Southern California blazes, not only are lives threatened, but about $2.8 billion worth of residential property hangs in the balance. Yesterday, high winds propelled the Thomas Fire, one of the state’s ...


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By Erin Hudson | December 17, 2017 09:00AM Smoke from the Thomas Fire in Ventura County Califbillows into the sky Dec10 2017(The California National Guard/Pixabay) As neighborhoods are evacuated and winds feed the Southern California blazes, not only are lives threatened, but about $2.8 billion worth of residential property hangs in the balance. Yesterday, high winds propelled the Thomas Fire, one of the state’s biggest in history, towards Montecito and Santa Barbara, where up to 3,000 people were ordered to evacuate from their homesThe expanded evacuation area — about 17 miles by 5 miles — includes mansions owned by Oprah Winfrey and Ellen DeGeneres among others; the thousands of homes that could be affected are worth more than $1 billion. Though according to AP, about 700 homes have burned up in the Thomas Fire so far, a grand total of about 2,000 homes are in danger, according to Realtor.com’s Director of Economic Research Javier Vivas. Here’s a look at the number of Southern California homes threatened by each fire, the average home value and the total value of residential property threatened by each blaze: Thomas Fire (Ojai, Ventura, and Santa Barbara Co.) Potentially Affected Residential Count: 2,007 Potentially Affected Residential Total Value: $1.6 billion Potentially Affected Average Home Value: $824,049 Creek Fire (San Fernando Valley) Potentially Affected Residential Count: 850 Potentially Affected Residential Total Value: $539 million Potentially Affected Average Home Value: $634,114 Skirball Fire (Bel Air) Potentially Affected Residential Count: 81 Potentially Affected Residential Total Value: $197 million Potentially Affected Average Home Value: $2,435,101 Lilac Fire (San Diego County) Potentially Affected Residential Count: 1,007 Potentially Affected Residential Total Value: $451 million Potentially Affected Average Home Value: $447,937 Rye Fire (Santa Clarita) No residential properties within the fire boundary. — Erin Hudson Tags: california, residential Short URL #mc_embed_signup .mc-field-group input { } #mc_embed_signup .mc-field-group{ min-height:0px; } #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; } /* Add your own MailChimp form style overrides in your site stylesheet or in this style block. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file*/ Subscribe to our e-Lerts New York Real Estate News Daily Updates Weekly Roundup South Florida Real Estate News Daily Updates Weekly Roundup Los Angeles Real Estate News Daily Updates Weekly Roundup China Watch Coming soon! Weekly Roundup

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