Local Market Report April 2014
San Fernando Valley Area At Rodeo Realty, we believe education is the key to helping clients make the best possible decisions about buying and selling homes. Our Local Market Reports provide comprehensive analyses of real estate trends in specific communities, versus quoting national, state, and/or county statistics. The fact is market conditions can vary greatly from neighborhood to neighborhood, and sometimes from one block to the next.
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Table of Contents Arleta
3
18
4
San Fernando Shadow Hills
Bell Canyon Burbank
5
Sherman Oaks
20
Calabasas
6
Studio City
21
Chatsworth
7
Sun Valley
22
Encino
8
Sylmar
23
Granada Hills
9
Tarzana
24
Hidden Hills
10
Toluca Lake
25
Lake Balboa
11
Valley Glen
26
Mission Hills
12
Valley Village
27
North Hills
13
Van Nuys
28
North Hollywood
14
West Hills
29
Northridge
15
Winnetka
30
Pacoima
16
Woodland Hills
31
Reseda
17
Rodeo Realty RodeoRE.com
19
Arleta
Apr. 2013
Apr. 2014
%Change
Median Price $325,000
$360,000
11
15
-12
$5,219,500
-6
$347,967
6
Properties Sold
17
Sales Volume $5,560,000
Average Sale Price
$327,059
Properties For Sale 51
Average Days on Market
45
Month’s Supply of Inventory 3.00
Average List Price
$317,229
43
-16
46
2
2.87
-4
$358,026
13
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
Apr. 2013
Apr. 2014
%Change
Median Price $1,135,000
$964,000
-15
6
100
$5,843,000
71
$973,833
-14
25
-4
158
126
4.17
-52
$1,353,643
-8
Properties Sold
3
Sales Volume $3,410,000
Average Sale Price
$1,136,667
Properties For Sale 26
Average Days on Market
70
Month’s Supply of Inventory 8.67
Average List Price
$1,472,117
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
Apr. 2013
Apr. 2014
%Change
Median Price $600,000
$622,500
4
54
23
$37,739,222
40
$698,874
14
84
-34
46
7
Properties Sold
44
Sales Volume $26,915,900
Average Sale Price
$611,725
Properties For Sale 128
Average Days on Market
43
Month’s Supply of Inventory 2.91
Average List Price
$679,272
1.56 $718,658
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-46 6
Calabasas
Apr. 2013
Apr. 2014
%Change
Median Price $1,179,500
$869,000
-26
25
79
$37,585,000
117
$1,503,400
22
115
-2
83
54
4.60
-45
Properties Sold
14
Sales Volume $17,296,000
Average Sale Price
$1,235,429
Properties For Sale 117
Average Days on Market
54
Month’s Supply of Inventory 8.36
Average List Price
$1,745,709
$1,776,328
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2
Chatsworth
Apr. 2013
Apr. 2014
%Change
Median Price $572,500
$538,450
-6
26
8
$18,195,086
27
$699,811
17
68
0
70
25
2.62
-7
$754,781
-9
Properties Sold
24
Sales Volume $14,361,900
Average Sale Price
$598,413
Properties For Sale 68
Average Days on Market
56
Month’s Supply of Inventory 2.83
Average List Price
$830,840
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Apr. 2013
Apr. 2014
%Change
Median Price $942,500
$970,000
3
40
11
$43,429,125
-5
$1,085,728
-14
Properties Sold
36
Sales Volume $45,542,260
Average Sale Price
$1,265,063
Properties For Sale 144
Average Days on Market
77
Month’s Supply of Inventory 4.00
Average List Price
$1,192,555
146
1
42
-45
3.65
-9
$1,396,962
17
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Apr. 2013
Apr. 2014
%Change
Median Price $425,000
$510,000
20
40
8
$21,041,350
29
$526,034
19
95
-10
50
22
2.38
-16
$584,979
14
Properties Sold
37
Sales Volume $16,350,376
Average Sale Price
$441,902
Properties For Sale 105
Average Days on Market
41
Month’s Supply of Inventory 2.84
Average List Price
$514,121
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Apr. 2013
Apr. 2014
%Change
Median Price $2,268,750
$2,050,000
-10
5
25
$15,645,000
68
$3,129,000
34
28
-18
76
-1
5.60
-34
$3,588,000
-39
Properties Sold
4
Sales Volume $9,337,500
Average Sale Price
2,334,375
Properties For Sale 34
Average Days on Market
77
Month’s Supply of Inventory 8.50
Average List Price
$5,924,389
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
Apr. 2013
Apr. 2014
%Change
Median Price $415,000
$470,000
13
16
-6
$7,462,150
5
$466,384
11
45
29
73
143
2.81
36
$476,470
6
Properties Sold
17
Sales Volume $7,135,650
Average Sale Price
$419,744
Properties For Sale 35
Average Days on Market
30
Month’s Supply of Inventory 2.06
Average List Price
$447,994
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
Apr. 2013
Apr. 2014
%Change
Median Price $352,000
$400,000
14
15
15
$6,009,231
34
$400,615
16
24
0
38
-17
1.60
-14
Properties Sold
13
Sales Volume $4,499,000
Average Sale Price
$346,077
Properties For Sale 24
Average Days on Market
46
Month’s Supply of Inventory 1.85
Average List Price
$391,477
$408,562
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
4
North Hills
Apr. 2013
Apr. 2014
%Change
Median Price $378,500
$430,000
14
21
0
$9,354,000
16
$445,429
16
49
4
64
83
2.33
4
$455,455
21
Properties Sold
21
Sales Volume $8,040,400
Average Sale Price
$382,876
Properties For Sale 47
Average Days on Market
35
Month’s Supply of Inventory 2.24
Average List Price
$375,288
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
Apr. 2013
Apr. 2014
%Change
Median Price $360,000
$447,500
24
42
-18
Properties Sold
51
Sales Volume $19,355,699
Average Sale Price
$379,524
Properties For Sale 51
Average Days on Market
54
Month’s Supply of Inventory 1.96
Average List Price
$412,955
$19,771,875
2
$470,759
24
42
-18
53
-2
2.40
22
$500,494
21
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Apr. 2013
Apr. 2014
%Change
Median Price $575,000
$614,500
7
Properties Sold
65
Sales Volume $38,160,306
Average Sale Price
$587,082
Properties For Sale 160
Average Days on Market
38
Month’s Supply of Inventory 2.46
Average List Price
$632,776
58
-11
$36,614,213
-4
$631,280
8
202
26
52
37
3.48
41
$690,760
9
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Apr. 2013
Apr. 2014
%Change
Median Price $282,000
$330,000
17
13
-28
$4,168,900
-14
$320,685
19
13
-28
41
78
3.00
10
$331,948
15
Properties Sold
18
Sales Volume $4,856,000
Average Sale Price
$269,778
Properties For Sale 18
Average Days on Market
23
Month’s Supply of Inventory 2.72
Average List Price
$289,528
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Apr. 2013
Apr. 2014
%Change
Median Price $364,000
$397,000
9
30
20
$11,816,199
33
$383,973
8
30
20
38
3
2.90
25
$431,638
16
Properties Sold
25
Sales Volume $8,851,750
Average Sale Price
$354,070
Properties For Sale 25
Average Days on Market
37
Month’s Supply of Inventory 2.32
Average List Price
$371,495
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
Apr. 2013
Apr. 2014
%Change
Median Price $303,750
$355,000
17
13
30
$4,736,500
62
$364,346
25
24
20
56
10
1.85
-8
$340,907
10
Properties Sold
10
Sales Volume $2,918,500
Average Sale Price
$291,850
Properties For Sale 20
Average Days on Market
51
Month’s Supply of Inventory 2.00
Average List Price
$311,280
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
Apr. 2013
Apr. 2014
%Change
Median Price $835,000
$812,500
-3
2
-33
$1,625,000
-28
Properties Sold
3
Sales Volume $2,259,000
Average Sale Price
$753,000
Properties For Sale 13
Average Days on Market
168
Month’s Supply of Inventory 4.33
Average List Price
$901,778
$812,500
8
15
15
52
-69
7.50
73
$1,118,180
24
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
Apr. 2013
Apr. 2014
%Change
Median Price $782,750
$929,500
19
60
-3
$63,549,359
16
$1,059,156
20
167
-2
54
8
2.78
1
$1,151,797
14
Properties Sold
62
Sales Volume $54,856,286
Average Sale Price
$884,779
Properties For Sale 171
Average Days on Market
50
Month’s Supply of Inventory 2.76
Average List Price
$1,011,493
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Apr. 2013
Apr. 2014
%Change
Median Price $875,000
$1,270,000
45
24
-23
$32,446,000
-14
$1,351,917
11
115
32
61
13
4.79
70
$1,417,254
19
Properties Sold
31
Sales Volume $37,777,000
Average Sale Price
$1,218,613
Properties For Sale 87
Average Days on Market
54
Month’s Supply of Inventory 2.81
Average List Price
$1,187,163
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
Apr. 2013
Apr. 2014
%Change
Median Price $317,500
$382,000
20
20
-9
$7,770,500
6
$388,525
17
50
-11
83
152
Properties Sold
22
Sales Volume $7,303,000
Average Sale Price
$331,955
Properties For Sale 56
Average Days on Market
33
Month’s Supply of Inventory 2.55
Average List Price
$366,143
2.50
-2
$433,656
18
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
Apr. 2013
Apr. 2014
%Change
Median Price $329,500
$385,000
17
39
-7
$15,578,850
10
$399,458
19
98
-8
43
-9
2.51
0
$428,691
14
Properties Sold
42
Sales Volume $14,133,400
Average Sale Price
$336,510
Properties For Sale 106
Average Days on Market
47
Month’s Supply of Inventory 2.52
Average List Price
$376,867
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Apr. 2013
Apr. 2014
%Change
Median Price $723,000
$1,045,500
45
30
11
$32,126,500
60
$1,070,833
44
92
-12
76
55
3.07
-20
$1,203,742
18
Properties Sold
27
Sales Volume $20,049,026
Average Sale Price
$742,557
Properties For Sale 104
Average Days on Market
49
Month’s Supply of Inventory 3.85
Average List Price
$1,019,591
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Apr. 2013
Apr. 2014
%Change
Median Price $1,187,500
$1,271,500
7
Properties Sold
10
Sales Volume $14,280,000
Average Sale Price
$1,428,000
Properties For Sale 22
Average Days on Market
53
Month’s Supply of Inventory 2.20
Average List Price
$1,593,492
8
-20
$11,218,000
-21
$1,402,250
-2
13
-41
76
43
1.63
-26
$1,430,750
-10
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
Apr. 2013
Apr. 2014
%Change
Median Price $565,000
$600,000
6
15
36
$8,930,900
48
$595,393
9
31
0
30
25
2.07
-27
$740,967
16
Properties Sold
11
Sales Volume $6,015,000
Average Sale Price
$546,818
Properties For Sale 31
Average Days on Market
24
Month’s Supply of Inventory 2.82
Average List Price
$638,616
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
Apr. 2013
Apr. 2014
%Change
Median Price $573,000
$675,000
18
10
43
$7,232,000
72
$723,200
20
32
-3
57
104
3.20
-32
$750,743
-6
Properties Sold
7
Sales Volume $4,203,000
Average Sale Price
$600,429
Properties For Sale 33
Average Days on Market
28
Month’s Supply of Inventory 4.71
Average List Price
$795,555
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Apr. 2013
Apr. 2014
%Change
Median Price $375,000
$450,000
20
21
-32
$9,911,500
-14
$471,976
27
69
-8
36
-45
3.29
36
$440,161
9
Properties Sold
31
Sales Volume $11,549,500
Average Sale Price
$372,565
Properties For Sale 75
Average Days on Market
65
Month’s Supply of Inventory 2.42
Average List Price
$403,688
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
Apr. 2013
Apr. 2014
%Change
Median Price $499,000
$540,000
8
Properties Sold
57
Sales Volume $31,676,418
Average Sale Price
$555,727
Properties For Sale 113
Average Days on Market
51
Month’s Supply of Inventory 1.98
Average List Price
$613,451
47
-18
$28,054,548
-11
$596,905 99
-12
43
-16
2.11
7
$604,260
-1
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7
Winnetka
Apr. 2013 Median Price $397,250
Apr. 2014
%Change
$420,000
6
Properties Sold 24 Sales Volume $9,712,900
31
29
$13,132,000
35
Average Sale Price $404,704 Properties For Sale 60
$423,613
5
78
30
Average Days on Market 29 Month’s Supply of Inventory 2.50
53
83
2.52
1
$458,507
10
Average List Price
$416,964
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Apr. 2013
Apr. 2014
%Change
Median Price $640,000
$700,000
9
Properties Sold
91
Sales Volume $63,130,160
Average Sale Price
$693,738
Properties For Sale 195
Average Days on Market
66
Month’s Supply of Inventory 2.14
Average List Price
$761,124
63
-31
$48,183,450
-24
$764,817
10
216
11
58
-12
3.43
60
$795,080
4
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT