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The wildfires that destroyed parts of Southern California earlier this year left home sellers in Pacific Palisades with an uncharacteristic depreciation in home values upon sale in the third quarter, giving the upscale enclave the steepest dropoff in Los Angeles County for the period.
The median home price within the ZIP code of 90272, the primary code for Pacific Palisades, that sold in the third quarter depreciated by 36.5 percent compared to the owners’ buying prices, according to data provided by real estate information firm Attom and analyzed by The Real Deal. That amounts to a loss in value of just over $1 million per property.
Attom’s median for quarterly home appreciation is based on the prior median sales price of individual homes sold during the period. The company does not figure in when homes previously traded, providing a long view of home appreciation in the L.A. market. Attom also provided data for the ZIP codes in L.A. that had at least 10 homes sales in the third quarter.
In the third quarter, the median home in the 90272 ZIP code sold for about $1.8 million, down about 42 percent year over year. The one-year figure reflects the effects of the wildfire, which has led some property owners to sell raw land rather the rebuild.
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The third-quarter depreciation rate for the 90272 ZIP code was the steepest drop for the area since Attom’s data began in the first quarter of 2008. The only other quarter that also marked a drop was the second quarter of 2025, after the weeks-long wildfires were extinguished.
In the City of Los Angeles, the Palisades and Eaton Fires damaged 11,000 residential properties. The damage totaled about $52 billion.
The 90272 ZIP was one of two among 258 in L.A. County that saw home pricing depreciate in the third quarter. The other ZIP code was 90017, which includes Downtown L.A. The median home price depreciated by 14.3 percent against owners’ prior trades.
Meanwhile, the countywide appreciation rate was 50 percent, amounting to a median gain of $300,000. The county’s median home sale price was $900,000 in the third quarter, according to Attom.