July 2022 Real Estate Activity

In July 2022, rising interest rates and the summer travel season caused real estate sales to slow slightly across the Western San Fernando Valley. Despite the market cooling, David Salmanson continued to serve his clients and successfully closed several escrows that month.

Compared to June 2022, median sale prices fell slightly in West Hills and Woodland Hills while increasing in Calabasas. Homes stayed on the market for approximately 30–36 days, roughly the same pace as the prior month. The data below reflects closed sales reported for July 2022.

West Hills
Median Price Sold: $1,039,000 (-$11,000 vs. June 2022)
Sale to List Price: 101%
Median Days on Market: 36 Days

Calabasas
Median Price Sold: $1,612,500 (+$180,000 vs. June 2022)
Sale to List Price: 100%
Median Days on Market: 32 Days

Woodland Hills
Median Price Sold: $1,189,500 (-$10,500 vs. June 2022)
Sale to List Price: 101%
Median Days on Market: 30 Days

Looking Back: What July 2022 Tells Us About Today’s Market

Reviewing this snapshot from mid-2022 offers useful context for buyers and sellers in 2026. That period marked an inflection point — the Federal Reserve was aggressively raising rates, and the frenzied pace of 2021 was giving way to a more balanced market. Since then, the Western San Fernando Valley has continued to demonstrate long-term resilience, with Calabasas in particular remaining one of the most sought-after communities in the greater Los Angeles area. If you’re curious how today’s market compares, view the current Calabasas market report or reach out to David directly for an up-to-date analysis.