Local Market Report August 2013
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
San Fernando
17
Burbank
4
Shadow Hills
18
Calabasas
5
Sherman Oaks
19
Chatsworth
6
Studio City
20
Encino
7
Sun Valley
21
Granada Hills
8
Sylmar
22
Hidden Hills
9
Tarzana
23
Lake Balboa
10
Toluca Lake
24
Mission Hills
11
Valley Glen
25
North Hills
12
Valley Village
26
North Hollywood
13
Van Nuys
27
Northridge
14
West Hills
28
Pacoima
15
Winnetka
29
Reseda
16
Woodland Hills
30
Rodeo Realty RodeoRE.com
Arleta
August 2012
August 2013 %Change
Median Price $265,500
$399,950
28
18
0
$6,017,900
27
$334,328
27
26
-62
42
17
1.44
-62
$345,653
27
Properties Sold
18
Sales Volume $4,725,199
Average Sale Price
$262,511
Properties For Sale 68
Average Days on Market
36
Month’s Supply of Inventory 3.78
Average List Price
$271,208
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
August 2012
August 2013 %Change
Median Price $467,500
$595,000
27
62
19
$40,698,009
53
$656,420
28
109
-38
35
-55
1.76
-48
$765,434
32
Properties Sold
52
Sales Volume $26,598,650
Average Sale Price
$511,513
Properties For Sale 175
Average Days on Market
77
Month’s Supply of Inventory 3.37
Average List Price
$579,628
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
August 2012
August 2013 %Change
Median Price $1,115,000
$1,139,000
2
33
43
$40,949,450
72
$1,240,892
10
120
-3
58
-40
3.64
-32
$1,569,657
-7
Properties Sold
23
Sales Volume $23,838,325
Average Sale Price
$1,123,405
Properties For Sale 124
Average Days on Market
97
Month’s Supply of Inventory 5.39
Average List Price
$1,684,729
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
August 2012
August 2013 %Change
Median Price $485,000
$477,500
-2
34
62
$21,762,495
79
$640,073
11
62
-42
81
42
1.82
-64
$618,694
-6
Properties Sold
21
Sales Volume $12,125,440
Average Sale Price
$577,402
Properties For Sale 107
Average Days on Market
57
Month’s Supply of Inventory 5.10
Average List Price
$659,005
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
August 2012
August 2013 %Change
Median Price $570,000
$962,000
69
37
-10
$36,982,750
15
$999,534
27
130
-13
45
-33
3.51
-4
$1,256,905
26
Properties Sold
41
Sales Volume $32,286,000
Average Sale Price
$787,463
Properties For Sale 150
Average Days on Market
67
Month’s Supply of Inventory 3.66
Average List Price
$999,209
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
August 2012
August 2013 %Change
Median Price $363,750
$455,000
25
39
-28
$19,789,500
-11
$507,423
24
94
-34
43
-47
2.41
-9
$638,400
38
Properties Sold
54
Sales Volume $22,140,440
Average Sale Price
$410,008
Properties For Sale 143
Average Days on Market
81
Month’s Supply of Inventory 2.65
Average List Price
$463,186
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
August 2012
August 2013 %Change
Median Price $2,133,000
$2,150,000
1
5
67
$10,245,315
16
$2,049,063
-31
29
12
96
26
5.80
-33
$5,709,625
23
Properties Sold
3
Sales Volume $8,868,000
Average Sale Price
$2,956,000
Properties For Sale 26
Average Days on Market
76
Month’s Supply of Inventory 8.67
Average List Price
$4,646,375
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
August 2012
August 2013 %Change
Median Price $342,000
$432,500
26
22
69
Properties Sold
13
Sales Volume $4,524,000
Average Sale Price
$348,000
Properties For Sale 30
Average Days on Market
41
Month’s Supply of Inventory 2.31
Average List Price
$431,569
$9,894,500
119
$449,750
29
37
23
53
29
1.68
-27
$450,825
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
4
Mission Hills
August 2012
August 2013 %Change
Median Price $315,000
$320,000
Properties Sold
13
Sales Volume $3,975,000
Average Sale Price
$305,769
Properties For Sale 49
Average Days on Market
44
Month’s Supply of Inventory 3.77
Average List Price
$317,271
7
-46
$2,406,850
-39
$343,836
12
20
-59
26
-41
2.86
-24
$387,921
22
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2
North Hills
August 2012
August 2013 %Change
Median Price $332,000
$445,000
34
27
-21
Properties Sold
34
Sales Volume $11,270,458
Average Sale Price
$341,529
Properties For Sale 82
Average Days on Market
75
Month’s Supply of Inventory 2.41
Average List Price
$340,421
$11,685,349
4
$432,791
27
36
-56
43
-43
1.33
-45
$422,653
24
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
August 2012
August 2013 %Change
Median Price $300,000
$400,000
33
44
2
Properties Sold
43
Sales Volume $14,049,150
Average Sale Price
$326,724
Properties For Sale 177
Average Days on Market
77
Month’s Supply of Inventory 4.12
Average List Price
$333,701
$18,660,900 $424,111
30
95
-46
34
-56
2.16
-48
$501,099
50
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
33
Northridge
August 2012
August 2013 %Change
Median Price $445,000
$623,500
40
76
-8
Properties Sold
83
Sales Volume $39,769,000
Average Sale Price
$478,060
Properties For Sale 234
Average Days on Market
93
Month’s Supply of Inventory 2.82
Average List Price
$502,623
$53,258,900
34
$700,775
47
163
-30
40
-57
2.14
-24
$642,736
28
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
August 2012
August 2013 %Change
Median Price $279,900
$300,000
Properties Sold
40
Sales Volume $10,285,362
Average Sale Price
$257,134
Properties For Sale 98
Average Days on Market
57
Month’s Supply of Inventory 2.45
Average List Price
$259,816
20
-50
$6,063,750
-41
$303,188
18
49
-50
42
-26
2.45
0
$301,310
16
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7
Reseda
August 2012
August 2013 %Change
Median Price $285,500
$398,000
39
39
15
$15,203,975
53
$389,846
34
66
-52
51
-14
1.69
-58
$405,522
23
Properties Sold
34
Sales Volume $9,907,100
Average Sale Price
$291,385
Properties For Sale 137
Average Days on Market
59
Month’s Supply of Inventory 4.03
Average List Price
$330,007
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
August 2012
August 2013 %Change
Median Price $270,000
$325,000
20
11
-42
$3,397,500
-31
$308,864
19
31
-14
35
-39
2.82
49
$314,750
11
Properties Sold
19
Sales Volume $4,916,900
Average Sale Price
$258,784
Properties For Sale 36
Average Days on Market
57
Month’s Supply of Inventory 1.89
Average List Price
$282,439
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
August 2012
August 2013 %Change
Median Price $527,000
$865,000
64
5
-29
$4,724,000
18
$944,800
62
17
-23
110
36
3.40
8
$612,000
-3
Properties Sold
7
Sales Volume $4,077,400
Average Sale Price
$582,486
Properties For Sale 22
Average Days on Market
81
Month’s Supply of Inventory 3.14
Average List Price
$630,399
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
August 2012
August 2013 %Change
Median Price $689,500
$826,000
20
71
18
$99,521,150
56
$979,171
32
173
-17
53
-28
2.44
-30
$1,078,998
23
Properties Sold
60
Sales Volume $44,510,500
Average Sale Price
$741,842
Properties For Sale 208
Average Days on Market
74
Month’s Supply of Inventory 3.47
Average List Price
$879,200
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
August 2012
August 2013 %Change
Median Price $790,000
$1,163,000
43
48
78
$60,435,873
122
$1,259,081
25
106
-4
54
4
Properties Sold
27
Sales Volume $27,207,250
Average Sale Price
$1,007,676
Properties For Sale 110
Average Days on Market
52
Month’s Supply of Inventory 4.07
Average List Price
$853,250
2.21
-46
$1,269,301
49
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
August 2012
August 2013 %Change
Median Price $301,500
$366,250
21
24
33
$9,963,400
76
$403,892
32
53
-29
31
-52
2.21
-47
$434,767
20
Properties Sold
18
Sales Volume $5,509,900
Average Sale Price
$306,106
Properties For Sale 75
Average Days on Market
64
Month’s Supply of Inventory 4.17
Average List Price
$363,073
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
August 2012
August 2013 %Change
Median Price $300,000
$350,000
17
52
-25
$18,660,399
-10
$358,854
19
112
-39
41
-41
2.15
-19
$366,316
11
Properties Sold
69
Sales Volume $20,780,066
Average Sale Price
$301,160
Properties For Sale 184
Average Days on Market
69
Month’s Supply of Inventory 2.67
Average List Price
$328,849
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
August 2012
August 2013 %Change
Median Price $680,000
$800,000
18
31
-21
Properties Sold
39
Sales Volume $28,975,500
Average Sale Price
$742,962
Properties For Sale 119
Average Days on Market
86
Month’s Supply of Inventory 3.05
Average List Price
$970,586
$26,571,299
-8
$857,139
15
85
-29
53
-38
2.74
-10
$1,085,232
12
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
August 2012
August 2013 %Change
Median Price $731,000
$1,032,500
41
10
-33
$11,759,000
-27
$1,175,900
10
20
-38
57
-47
2.00
-6
$1,012,843
-49
Properties Sold
15
Sales Volume $16,071,000
Average Sale Price
$1,071,400
Properties For Sale 32
Average Days on Market
108
Month’s Supply of Inventory 2.13
Average List Price
$2,004,667
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
August 2012
August 2013 %Change
Median Price $468,000
$560,500
20
17
240
$10,102,900
313
$594,288
22
28
-26
80
67
1.65
-78
Properties Sold
5
Sales Volume $2,445,000
Average Sale Price
$489,000
Properties For Sale 38
Average Days on Market
48
Month’s Supply of Inventory 7.60
Average List Price
$557,120
$554,636
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0
Valley Village
August 2012
August 2013 %Change
Median Price $667,000
$698,000
5
16
0
$11,405,250
8
$712,828
8
Properties Sold
16
Sales Volume $10,589,000
Average Sale Price
$661,813
Properties For Sale 47
Average Days on Market
105
Month’s Supply of Inventory 2.94
Average List Price
$697,000
38
-19
45
-57
2.38
-19
$792,668
14
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
August 2012
August 2013 %Change
Median Price $315,000
$432,000
37
31
-6
$13,477,199
22
$434,748
30
76
-46
37
-35
2.45
-43
$423,757
24
Properties Sold
33
Sales Volume $11,068,479
Average Sale Price
$335,408
Properties For Sale 142
Average Days on Market
57
Month’s Supply of Inventory 4.30
Average List Price
$342,734
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
August 2012
August 2013 %Change
Median Price $427,500
$550,000
29
51
2
Properties Sold
50
Sales Volume $22,177,859
Average Sale Price
$443,557
Properties For Sale 169
Average Days on Market
70
Month’s Supply of Inventory 3.38
Average List Price
$520,507
$72,546,551 $1,422,481
221
101
-40
59
-16
1.98
-41
$626,532
20
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
227
Winnetka
August 2012 Median Price $323,450
August 2013 %Change $418,000
29
Properties Sold 36 Sales Volume $12,020,499
29
-19
$11,555,000
-4
Average Sale Price $333,903 Properties For Sale 83
$412,679
24
59
-29
Average Days on Market 69 Month’s Supply of Inventory 2.31
40
-42
2.03
-12
$398,970
16
Average List Price
$344,936
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
August 2012
August 2013 %Change
Median Price $545,000
$682,500
25
78
7
Properties Sold
73
Sales Volume $42,907,699
Average Sale Price
$587,777
Properties For Sale 261
Average Days on Market
63
Month’s Supply of Inventory 3.58
Average List Price
$622,164
$66,881,125
56
$857,450
46
196
-25
47
-25
2.51
-30
$816,320
31
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT