Is the San Fernando Valley Really So Expensive?

 

Is the San Fernando Valley really so expensive? Last June, the median home price in the Valley reached a new high, hitting $955,000 – up 30% from a year ago and the fourth month in a row above $900,000. Experts attribute the spike to people working remotely and those looking for extra space. Buying a home is also fueled by low mortgage rates. A few neighborhoods that aren't on the pricey list are Calabasas, Studio City, and Woodland Hills. Read more…

Canoga Park

If you are considering moving to Canoga Park, California, you may be wondering how much it costs to live there. Although the neighborhood is primarily residential, it does have some commercial activity, including a Westfield Topanga mall. In general, however, the price of living in this San Fernando Valley city is above the national average. However, you can find affordable housing and a variety of dining options if you are willing to spend a bit more.

Woodland Hills

The San Fernando Valley is in Los Angeles County and includes cities such as Burbank, Glendale, Hidden Hills, and Calabasas. It also has many other neighborhoods that are part of Los Angeles, including Arleta, Encino, Lake View Terrace, North Hollywood, West Hills, and Winnetka. The city of Woodland Hills is in this area. The San Fernando Valley is located near the intersection of Ventura Boulevard and California State Route 101.

Calabasas

A community nestled in the hills above the San Fernando Valley, Calabasas has become synonymous with luxury and exclusivity. This enclave is home to some of the most expensive houses in the city, as well as high-end shopping and dining. In addition, temperatures are about ten degrees warmer here than in the nearby Conejo Valley. But don't let its upscale reputation fool you.

Studio City

Real estate in Studio City is highly expensive. Its population is only around 35,000 and the population is extremely upscale. The average household income is over $97K per year. There are many entertainment options nearby. Despite the high price, living in Studio City is a great opportunity for the affluent. Here, you will find a diverse population with plenty to do. For instance, you can spend a day at the famous Ventura Boulevard, where many movie stars have set up residences.

Calabasas estate

The price tag of a Calabasas estate is high, but it does not mean the area is overpriced. A recent spec mansion in the Calabasas Hills sold for $22.9 million, breaking the previous record. The property is located in a celebrity enclave known as The Estates at The Oaks. Its features include a five-star spa, wellness center, putting green, and a wine cellar. It also has an elegant theater and an infinity-edge pool.

Calabasas apartments

Located in the northern part of Los Angeles County, Calabasas is a posh town with high-end residential properties. The median rent in the city is about $1,300, but prices can be much higher in the neighborhood. This article will discuss the cost of living in the neighborhood and what you can do to keep costs down. Ultimately, it all comes down to personal taste.

Calabasas homes

The cost of Calabasa's homes has reached new heights, as a new spec house in the celebrity-packed city sold for $30 million, a record for the San Fernando Valley. The price of this spec house topped the previous record set by a $22.2 million Hidden Hills home in 2019. The house, which spans 22,000 square feet, combines wood with neutral surfaces, and features an oversized pivoting front door.

Canoga Park home prices

The Canoga Park neighborhood is one of the hottest places to live in the San Fernando Valley. It is located north of Santa Monica and west of downtown Los Angeles. Homes in Canoga Park are close to major freeways, Metrolink stations, and airports. There are a variety of amenities in the neighborhood, including restaurants, parks, and local shops. The area is also known for its diverse population. As a result, there are many opportunities for residents to find affordable housing.