Residents watch as the Woolsey fire burns in the West Hills area of the San Fernando Valley on Nov. 9. (Photo by Andy Holzman, CONTRIBUTING PHOTOGRAPHER)
Members of the Chabad of Agoura Hills hold a sign thanking firefighters as the walk down Canwood Street to Los Angeles County Fire Station 89 in Agoura Hills, Wednesday, Nov 14, 2018. (Photo by Hans Gutknecht, Los Angeles Daily News/SCNG)
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Adrienne Janic and her husband live streamed action from the frontlines of the Woolsey Fire as the blaze swept through their Bell Canyon neighborhood. Janics home survived the fire but much of her surrounding land is charred.(photo by Andy Holzman)
Smoke from the Woolsey fire fills the sky behind the Malibu Hindu Temple in Calabasas on Friday November 9, 2018.(photo by Andy Holzman)
The remains of a home in the 39000 block of Lobo Canyon in Agoura Hills where a third body, possibly a victim of the Woolsey fire, was discovered Wednesday. (Photo by David Crane, Los Angeles Daily News/SCNG)
A plane makes a drop on a new fire outbreak above Lake Sherwood, CA Tuesday, November 13, 2018. (Photo by David Crane, Los Angeles Daily News/SCNG)
FILE – In this Nov. 9, 2018 file photo, firefighter Jose Corona sprays water as flames from the Camp Fire consume a home in Magalia, Calif. A massive new federal report warns that extreme weather disasters, like Californias wildfires and 2018s hurricanes, are worsening in the United States. The White House report quietly issued Friday, Nov. 23 also frequently contradicts President Donald Trump. (AP Photo/Noah Berger, File)
PULGA, CALIFORNIA – NOVEMBER 12: Betsy Ann Cowley, owner of the Town of Pulga, walks in the ashes of her home on Monday, November 12, 2018. It was destroyed in the Camp Fire last Thursday. (Karl Mondon/Bay Area News Group)
PARADISE, CA – NOVEMBER 13: American flags are seen along the Skyway after the Camp Fire in Paradise, Calif., on Tuesday, Nov. 13, 2018. (Jane Tyska/Bay Area News Group)
A burned burned wheelchair is photographed near the home of Ernest Foss in Paradise, Calif., on Tuesday, Nov. 13, 2018. Foss, who grew up in the Bay Area, was one of the victims of the Camp Fire. (Randy Vazquez/Bay Area News Group)
Joseph Grado and his wife, Susan Grado, embrace while staying at a shelter for fire victims at East Avenue Church, Monday, Nov. 12, 2018, in Chico, Calif. They lost their Paradise home in the Camp Fire. The shelter is staffed by a doctor and nurses from Feather River Hospital, who are volunteering despite being fire victims themselves. (Hector Amezcua/The Sacramento Bee via AP)
PARADISE, CA – NOVEMBER 13: A Chico police cruiser passes by a sign thanking firefighters and emergency personnel on Martin Luther King Jr. Parkway and East Park Avenue after the Camp Fire in Paradise, Calif., on Tuesday, Nov. 13, 2018. (Jane Tyska/Bay Area News Group)
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The Woolsey Fire destroyed or damaged as much as $6 billion in real estate, a new estimate shows.
Real estate tracker CoreLogic reported that the property losses for the Woolsey Fire in Southern California will cost between $4 billion to $6 billion. Of that tab, $3.5 billion to $4.5 billion will come from residential properties; up to $500 million from commercial real estate.
CoreLogic says its estimates include the costs of buildings, their contents and additional expenses incurred by the property owner. CoreLogic noted insurers will pick up much of the tab.
Fire damages from Northern Californias horrific Camp Fire were estimated to be between $11 billion and $13 billion, according to CoreLogic. Residential losses run between $8 billion and $6 billion while commercial property losses run $3 billion and $4 billion.
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