Main Content

SAN FERNANDO VALLEY REAL ESTATE REMAINS HOT AS THE AGENCY FIELDS GROWING DEMAND

The Real Deal

Everything Real Estate in the San Fernando Valley
FridayMay 13, 2022
SAN FERNANDO VALLEY REAL ESTATE REMAINS HOT AS THE AGENCY FIELDS GROWING DEMAND

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.

More Blog Posts

To Love
WednesdayMay 18, 2022

The Agency is always looking for new ways to innovate, adapt to a changing marketplace and elevate our offerings, a...

Read Full Post
MondayMarch 21, 2022

In 2021, several of Los Angeles' residential real estate agents had their finest year ever. Interest rates were low...

Read Full Post
MondayMarch 14, 2022

More and more homeowners are determining that investing in their single largest asset, their house, is the greatest...

Read Full Post
ThursdayJanuary 27, 2022

After years with Keller Williams, the Chernov Team’s seven elite agents and their superstar support staff have jo...

Read Full Post
FridayJanuary 14, 2022

As of January 13, 2022, mortgage rates have hit their highest point since the start of the pandemic; averaging 3.45...

Read Full Post
WednesdayJanuary 5, 2022

When COVID-19 came to our shores, it kicked off a paradigm shift in the labor market; once remote work was a “per...

Read Full Post