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

The Real Deal

Everything Real Estate in the San Fernando Valley
Tuesday May 3, 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.

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