How have the rampant wildfires in California impacted the housing market?
Let's see how we tackled this challenge.
We analyzed the housing market in California after recent wildfires.
Here's what we found.
Bar Graph of Housing Price Appreciation vs. Distance from Fire in 2020\
California
Line Graph of Acres Burned in California vs. Year
Decrease in California Home Sales (%) vs. Year
A new report from Redfin looks at home values three years following a wild fire. It found that in areas directly hit by a fire, home values increased 21%, but in areas outside of the fire zone, housing prices increased 33% during the same period.