Sylmar and Valley Village are the Valley’s Hottest Real Estate Markets

The San Fernando Valley real estate market is showing signs of steady growth — some neighborhoods are downright hot! Looking at the Valley as a whole (broken into north and south sections by Redfin), the market is representative of the greater Los Angeles area. The median sale price in the Valley was about $500,000 as of August and home sales increased about 10 percent, a very similar picture to all of L.A.

But there are a few standout neighborhoods in the Valley that are obviously in high demand by homebuyers. The typical home was off the market in just 12 days in Valley Village — the fastest market in all of L.A. Sherman Oaks and Van Nuys homes typically sold within 15 days. To put this in perspective, the median number of days on the market for the entire U.S. is 32.

Sylmar was an especially hot market in August. The median sale price increased over 11 percent from last year and home sales were up over 20 percent. With a median sale price of $405,000, it is still one of the most affordable areas of the Valley, which is undoubtedly why it is in such high demand.

Take a look below to find out what’s happening in your neighborhood.

Neighborhood Median Sale Price Year-Over-Year Homes sold Year-Over-Year Inventory Year-Over-Year
Encino $785,000 9.5% 238 17.8% 286 7.9%
Lake Balboa $488,000 12.2% 114 28.1% 94 -19.0%
North Hills $450,000 5.3% 113 -5.8% 120 -21.1%
North Hollywood $455,000 7.1% 153 2.0% 136 -20.9%
North Valley $462,500 8.8% 1,397 9.7% 1,431 -17.9%
Northridge $550,000 4.0% 149 17.3% 175 -7.4%
Pacoima $359,900 9.1% 77 16.7% 76 -32.7%
Panorama City $410,000 10.8% 52 2.0% 48 -28.4%
Sherman Oaks $705,000 0.7% 308 30.0% 297 -15.1%
South Valley $535,000 9.2% 1,888 13.2% 1,977 -12.4%
Studio City $995,000 -4.5% 166 7.8% 200 3.6%
Sun Valley $420,000 9.1% 82 -11.8% 81 -19.8%
Sylmar $405,000 11.3% 168 21.7% 169 -29.6%
Tarzana $492,000 -7.7% 144 -1.4% 212 -7.0%
Valley Village $742,250 -0.9% 56 9.8% 46 -36.1%
Van Nuys $470,000 10.6% 132 1.5% 134 -14.1%
Woodland Hills $655,000 7.4% 259 10.7% 274 -17.2%
Los Angeles $580,000 6.1% 2,341 8.7% 5,778 -16.2%
Neighborhood New Listings Median Days on Market Avg Sale-to-List
Encino 331 19 97.1%
Lake Balboa 141 17 99.1%
North Valley 1,910 17 99.3%
Northridge 204 22 98.3%
Pacoima 101 23 101.1%
Panorama City 88 16 101.2%
Sherman Oaks 397 15 99.1%
South Valley 2,567 17 98.6%
Studio City 243 16 97.9%
Sun Valley 103 19 99.2%
Sylmar 245 14 99.8%
Tarzana 235 21 96.8%
Valley Village 70 12 101.2%
Van Nuys 181 15 99.7%
Woodland Hills 363 20 97.6%
Los Angeles 3,427 18 99.0%

written by

Jeffery Marino is a Southern California native who has lived all over the Golden State and currently resides in Los Angeles. He first developed his passion for real estate and economics while earning his M.A. in comparative literature and critical theory at the University of California, Santa Cruz. Jeffery has been studying and writing about the California real estate market for over five years and remains fascinated by the many challenges Californians face when it comes to finding suitable and affordable housing.

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