How the San Fernando Valley Became SoCal’s Newest Real Estate Hotspot

Yahoo News

Long considered the Westside’s lesser sibling, the San Fernando Valley’s unique residential architecture and family-friendly neighborhoods increasingly are a draw. According to the Agency’s Red Paper, 2021 saw single-family home sales rise 16 percent year-over-year and the median sales price was up 15 percent in the Valley, the nostalgic locale of Paul Thomas Anderson’s best picture nominated film Licorice Pizza. “There’s been a huge exodus of people from other higher-density population areas right into the San Fernando Valley,” says Alessandro Corona of Douglas Elliman. (In Licorice Pizza, Bradley Cooper’s character lives in a 5,400-square-foot, English-manor-style residence in Encino; built in 1976, it last sold in 2019 for $2.76 million.)

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