December 11, 2017 Comments Off on CoreLogic: More Than 86,000 Homes in SoCal at Fire Risk Views: 2057 California News, Top California

CoreLogic: More Than 86,000 Homes in SoCal at Fire Risk

Analysis by CoreLogic shows a total of 86,242 homes in Ventura and Los Angeles counties are at some level of risk from the Thomas, Rye and Creek Wildfires in Southern California. The combined reconstruction cost value (RCV) would be $27.7 billion.

The Irvine, CA-based global property information, analytics and data-enabled solutions provider says, of the total at-risk homes, 13,526, or 16%, with an estimated RCV of more than $5 billion, are at significant risk of damage, falling in the High and Extreme risk categories. Although the majority of homes, 72,716, or 84%, are at Low or Moderate risk of damage, wildfire can easily expand to adjacent properties and cause significant damage even if a property is not considered high risk in its own right.

The numbers are based on CoreLogic property records, showing all homes in wildfire-risk areas.

Breakdown by fire:
– Ventura County Thomas fire: 36,131 homes, RCV $10.9 billion
– Rye fire near Magic Mountain: 18,564 homes, RCV $7.8 billion
– Northern San Fernando Valley Creek fire: 31,547 homes, RCV $9.1 billion.

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