Despite interest rates staying above 6.5%, Los Angeles submarkets are showing major strength — with Studio City and North Hollywood leading the charge.
Here’s a quick breakdown of how the top neighborhoods performed in March:
✅ Studio City
• 📈 Up 36.2% YoY
• 💵 $2.14M average price
• ⬆️ Up from $1.6M last month
✅ North Hollywood
• 📈 Up 18.6% YoY
• 💵 $990K average price
• ⬆️ Up from $800K last month
✅ Woodland Hills
• 📈 Up 10.8% YoY
• 💵 $1.355M average price
• ⬆️ Up from $1.165M last month
📉 Burbank
• ⬇️ Down 10.2% YoY
• 💵 $1.1M average price
• ➖ Flat month over month
📊 Interest Rates – March 2025
• 📆 6.65% average rate
• 🔺 Up from 6.54% last year
• ⬇️ Down from 6.84% in February
Bottom Line:
While higher rates typically slow markets, LA buyers remain confident, especially in Studio City and North Hollywood. Burbank may be stabilizing after a correction. Opportunity is still out there — it just depends on where you look.
📞 Ready to buy, sell, or just explore? Let’s talk strategy.