New home price peaks in store for the San Fernando Valley

Prices have not dipped significantly since the summer
  • There is 2.8 months of supply in the San Fernando Valley.
  • January condo values are only $7,500 from their previous peak.
  • The valley median single-family home price could surpass $600,000 this summer.

While the Southland Association of Realtors (SRAR) recently stated that median home prices in the San Fernando Valley have hit a temporary plateau; declining supply, high demand and recent month-over-month price growth indicate new price peaks may be reached in the valley come this summer.