San Fernando Valley property values continue to grow

The property values of all incorporated cities around the San Fernando Valley grew in the last fiscal year as real estate markets continued improving, according to a report from the Los Angeles County Assessors Office.

Three cities, Santa Clarita, Glendale and Burbank, were among the 20 county cities with the highest roll, ranking fifth, sixth and ninth, respectively.

Assessed value in Santa Clarita grew by 4.7 percent from a year earlier to $27.3 billion in 2015, the report said.

In Glendale it grew by 5.6 percent to $27.2 billion, and in Burbank it rose 5.2 percent to $20.7 billion.

In Hidden Hills, a gated city in the West Valley, the assessed value increased 7.7 percent to $1.4 billion.

In Agoura Hills the valuation grew 5 percent to $4.6 billion, in Calabasas it rose 4.1 percent to $7.5 billion, in La Cañada Flintridge it rose 5.7 percent to $6.8 billion and in San Fernando it increased 3.3 percent to $1.7 billion.

Assessed value in Westlake Village increased 6.1 percent to $3.2 billion.

Thanks for reading!

December 11th, 2015 by Team Finnegan

Categories: Interesting Statistics

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