Offering top-tier schools, ample space, precious privacy and close proximity to retail, restaurants, major studios and popular L.A. attractions, California’s sunny San Fernando Valley continues to attract a wide range of homebuyers — from Hollywood celebrities to growing families.
Competition among buyers and renters revved up as inventory for single-family homes and condominiums continued to fall in 2021; plus, the Valley saw single-family home sales rise 16% year over year with the median sales price up 15%. With remote work now more widespread, savvy buyers are seeking modern and new construction homes — both of which have seen record-breaking prices — designed with versatile compartmentalized and multipurpose spaces ideal for home offices or learning annexes.
The Agency’s Valley team encompasses three offices — Calabasas, Sherman Oaks and Studio City — and has continued to grow. In 2021, this team achieved a dominant market share in the high end of the market, earning $1.37B in sales volume with an average of $14.29M per agent and an average sales price of $1.97M.