YES .. uggh, unfortunately Encino and other parts of the Valley (namely Valley Village, Studio City and Sherman Oaks) are hot places for properties. HOWEVER, as many of you might have seen on Million Dollar Listing LA - oftentimes, the old houses are torn down and up goes some EXPENSIVE White Box -- absolutely horrible architecture going on here now. I've already been told that my house would be a tear-down which is sad because I live in a 'real-deal' Mid-Century Modern and the architect was part of the Case Study Homes projects in the 60s and 70s. Every property being sold in our neighborhood has been torn-down and one of those White "Farm Houses" (as they are calling them - kind of nondescript architecture if you ask me) gets put up and the price is over $1m. How many young couples can afford that???