🏡 Best Neighborhoods for Families
Prioritizing schools, safety, and space
- Granada Hills
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- Median Home Price: $950K – $1.3M
- Trend: +5% YoY (high demand for single-family homes)
- Why? Top-rated schools (Granada Hills Charter High) and suburban feel.
- Encino
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- Median Home Price: $1.5M – $3M+
- Trend: +3% YoY (luxury market remains strong)
- Why? Upscale, excellent schools, and Balboa Park access.
- Porter Ranch
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- Median Home Price: $1.1M – $1.8M
- Trend: +4% YoY (new construction driving demand)
- Why? Master-planned community with top schools & hiking trails.
- West Hills
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- Median Home Price: $1M – $1.6M
- Trend: Steady (low inventory, but stable prices)
- Why? Quiet, safe, and great public schools.
- Calabasas (SFV-adjacent)
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- Median Home Price: $2M – $10M+
- Trend: +6% YoY (luxury market booming)
- Why? Elite schools, celebrity appeal, and gated communities.
📈 Family Market Insight: Demand remains high for 3+ bedroom homes in these areas, with Porter Ranch & Granada Hills seeing the most competition.
💼 Best Neighborhoods for Professionals
Prioritizing commute, nightlife, and modern living
- Sherman Oaks
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- Median Home Price: $1.2M – $2.5M
- Trend: +4% YoY (condos & townhomes rising fastest)
- Why? Ventura Blvd dining, easy freeway access (101/405).
- Studio City
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- Median Home Price: $1.3M – $3M
- Trend: +5% YoY (high demand for walkable areas)
- Why? Trendy, close to Hollywood jobs, and great nightlife.
- Woodland Hills
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- Median Home Price: $1M – $2.2M
- Trend: +7% YoY (Warner Center tech boom)
- Why? Growing business hub with upscale condos.
- Burbank (SFV-adjacent)
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- Median Home Price: $1M – $2.5M
- Trend: +3% YoY (steady demand from entertainment workers)
- Why? Near studios (Disney, Warner Bros.) and walkable downtown.
- North Hollywood (NoHo Arts District)
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- Median Home Price: $750K – $1.4M
- Trend: +8% YoY (affordable alternative to Hollywood)
- Why? Artsy vibe, Metro Red Line access, and new developments.
📈 Professional Market Insight: Condos & townhomes are selling fastest in Sherman Oaks & NoHo, while Woodland Hills is seeing a surge in tech-driven demand.
🌴 Best Neighborhoods for Retirees
Prioritizing low maintenance, healthcare, and tranquility
- Encino (55+ Communities)
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- Median Home Price: $1M – $2M (condos) / $2M+ (luxury estates)
- Trend: +2% YoY (stable luxury market)
- Why? Upscale senior living, near Cedars-Sinai.
- Tarzana
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- Median Home Price: $900K – $1.8M
- Trend: +3% YoY (demand for single-story homes)
- Why? Peaceful, equestrian-friendly, and great medical access.
- Granada Hills
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- Median Home Price: $850K – $1.3M
- Trend: +4% YoY (affordable for retirees downsizing)
- Why? Single-story homes, senior programs, and safety.
- Valley Village
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- Median Home Price: $900K – $1.5M
- Trend: Steady (low turnover, but good value)
- Why? Walkable, near hospitals, and quiet streets.
- Sunland-Tujunga
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- Median Home Price: $650K – $1.1M
- Trend: +5% YoY (booming for budget-conscious retirees)
- Why? Mountain views, lower taxes, and rural charm.
📈 Retiree Market Insight: Single-story homes & condos are in high demand, with Sunland-Tujunga offering the best value.
🏆 Honorable Mentions (Mixed Appeal)
Neighborhood | Median Price | Trend | Best For |
Chatsworth | $900K – $1.6M | +4% | Equestrian, families |
Toluca Lake | $1.5M – $4M | +3% | Luxury, professionals |
Lake Balboa | $800K – $1.3M | +6% | Affordability, outdoor space |
🔮 Future Market Predictions (2024-2025)
- Prices will keep rising in Woodland Hills, Porter Ranch, and NoHo due to job growth.
- Luxury markets (Calabasas, Encino) will stay stable but may slow if interest rates rise.
- Retiree hotspots (Sunland, Granada Hills) will see more demand as Baby Boomers downsize.
Want more help. Let us share our many years of experience with you.
Carnahan Legacy
22552 Burbank Blvd. Woodland Hills, CA 91367
https://CarnahanLegacy.com
Carnahan Property Management
https://carnahanpropmgmt.com/
818.884.1500
Kinsley Carnahan
Broker
818.427.1500
kinsleycarnahan@gmail.com
DRE# 01896119
Tom Carnahan
Owner / Broker
818.421.1200
tomc@carnahanrealty.com
DRE# 00547560
Nancy T. Carnahan
Broker
661.810.5600
nancy@brokerintrust.com
DRE# 01083235
Jon Genender
818.884.1500
jrgenender@gmail.com
Director of Operations, Maintenance, Property Management
DRE# 02101059
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