Los Angeles Real Estate Blog & Market Updates

The San Fernando Valley housing market had 675 houses for sale across Calabasas, Woodland Hills, Tarzana, Encino, and Sherman Oaks on October 19, 2026, down from 713 a week earlier. At the same time, 26% to 36% of the active listings in those communities show an asking-price reduction. Well-priced homes are going into escrow, while overpriced homes are sitting and adjusting.

If you are comparing Sherman Oaks vs Studio City, the two are closer in price than their list prices suggest: in Q2 2026, the median single-family sale was $2,025,000 in Studio City & $1,850,000 in Sherman Oaks, according to CLAW MLS data. Sherman Oaks is larger, with more homes for sale and direct access to the 101 and 405, while Studio City is more compact, slightly more walkable, and closer to Universal City, Burbank, and Hollywood. Most buyers end up choosing the house, n