Core Insights - The wildfires in Los Angeles in January caused property losses exceeding $51.7 billion, affecting approximately 11,000 residential properties [1] - The analysis was based on data provided by the Los Angeles City Council, which included a list of 11,125 residential parcels surveyed by the Los Angeles Department of Building and Safety after the fires [1] - The majority of the affected properties were impacted by the Palisades fire, and the analysis did not include losses from the Eaton fire in the Altadena suburb, indicating that the total losses could be significantly higher than $51.7 billion [1] - The average pre-fire valuation of the affected homes was approximately $3.7 million, with nearly 100 properties valued over $20 million prior to the fires [1]