Local Market Report December 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
Dec. 2013
Dec. 2014
%Change
Median Price $333,000
$375,000
13%
9
-53%
$3,344,000
-45%
$371,556
16%
30
-33%
71
69%
3.33
41%
$395,903
16%
Properties Sold
19
Sales Volume $6,081,000
Average Sale Price
$320,053
Properties For Sale 45
Average Days on Market
42
Months Supply of Inventory 2.37
Average List Price
$340,185
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Bell Canyon
Dec. 2013
Median Price $830,000
Properties Sold
3
Sales Volume $2,881,500
Average Sale Price
$960,500
Properties For Sale 22
Average Days on Market
121
Months Supply of Inventory 5.75
Average List Price
$1,128,000
Dec. 2014 $1,650,000
99%
3
0%
$4,525,000
57%
$1,508,333
57%
25
14%
102
-16%
15.50
170%
$1,876,000
66%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Burbank
Dec. 2013
Dec. 2014
%Change
Median Price $574,500
$640,000
11%
89
-20%
$36,614,400
19%
$690,838
7%
Properties Sold
111
Sales Volume $30,851,479
Average Sale Price
$642,739
Properties For Sale 111
Average Days on Market
45
Months Supply of Inventory 2.70
Average List Price
$670,921
89
-20%
45
0%
1.68
-38%
$742,259
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Calabasas
Dec. 2013
Median Price $1,043,550
Properties Sold
20
Sales Volume $30,102,600
Average Sale Price
$1,505,130
Properties For Sale 94
Average Days on Market
104
Months Supply of Inventory 4.70
Average List Price
$1,739,723
Dec. 2014
%Change
$1,075,000
3%
9
-55%
$11,364,000
-62%
$1,262,667
-16%
81
-14%
81
-22%
9.00
91%
$1,388,880
-20%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
Dec. 2013
Median Price $452,500
Properties Sold
24
Sales Volume $12,693,400
Average Sale Price
$528,892
Properties For Sale 72
Average Days on Market
42
Months Supply of Inventory 3.00
Average List Price
$526,644
Dec. 2014
%Change
$678,500
50%
24
0%
$18,537,475
46%
$772,395
46%
82
14%
86
105%
3.42
14%
$708,394
35%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Dec. 2013
Median Price $800,000
Properties Sold
35
Sales Volume $37,267,565
Average Sale Price
$1,064,788
Properties For Sale 112
Average Days on Market
74
Months Supply of Inventory 3.20
Average List Price
$1,278,539
Dec. 2014
%Change
$1,193,450
49%
43
23%
$58,213,450
56%
$1,353,801
27%
104
-7%
60
-19%
2.42
-24%
$1,891,405
48%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Dec. 2013
Median Price $497,200
Properties Sold
36
Sales Volume $18,155,900
Average Sale Price
$504,331
Properties For Sale 101
Average Days on Market
42
Months Supply of Inventory 2.81
Average List Price
$542,335
Dec. 2014
%Change
$534,000
7%
45
25%
$26,133,936
44%
$580,754
15%
80
-21%
85
102%
1.78
-37%
$614,327
13%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Dec. 2013
Median Price $3,612,500
Properties Sold
2
Sales Volume $7,225,000
Average Sale Price
$3,612,500
Properties For Sale 18
Average Days on Market
81
Months Supply of Inventory 9.00
Average List Price
$10,256,333
Dec. 2014
%Change
$3,180,000
-12%
5
150%
$22,465,000
211%
$4,493,000
24%
25
39%
102
26%
5.00
-44%
$11,995,000
17%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
Dec. 2013
Median Price $440,000
Properties Sold
11
Sales Volume $5,029,300
Average Sale Price
$457,209
Properties For Sale 33
Average Days on Market
33
Months Supply of Inventory 3.00
Average List Price
$504,275
Dec. 2014
%Change
$431,000
-2%
28
155%
$12,305,500
145%
$439,482
-4%
28
-15%
62
88%
1.00
-67%
$487,550
-3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
Dec. 2013
Median Price $377,500
Properties Sold
9
Sales Volume $3,571,500
Average Sale Price
$396,833
Properties For Sale 21
Average Days on Market
37
Months Supply of Inventory 2.33
Average List Price
$379,714
Dec. 2014
%Change
$382,500
1%
6
-33%
$2,252,000
-37%
$375,333
-5%
20
-5%
67
81%
3.33
43%
$396,817
5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
Dec. 2013
Median Price $411,000
Properties Sold
19
Sales Volume $7,538,900
Average Sale Price
$396,784
Properties For Sale 49
Average Days on Market
60
Months Supply of Inventory 2.58
Average List Price
$439,891
Dec. 2014
%Change
$440,000
7%
21
11%
$9,444,000
25%
$449,714
13%
45
-8%
72
20%
2.14
-17%
$525,934
20%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
Dec. 2013
Median Price $409,950
Properties Sold
38
Sales Volume $15,615,800
Average Sale Price
$410,942
Properties For Sale 111
Average Days on Market
34
Months Supply of Inventory 2.92
Average List Price
$418,015
Dec. 2014
%Change
$450,000
10%
43
13%
$20,458,756
31%
$475,785
16%
98
-12%
60
76%
2.28
-22%
$517,096
24%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Dec. 2013
Median Price $566,000
Properties Sold
67
Sales Volume $39,118,500
Average Sale Price
$583,858
Properties For Sale 129
Average Days on Market
46
Months Supply of Inventory 1.93
Average List Price
$622,028
Dec. 2014
%Change
$602,000
6%
79
18%
$49,158,321
26%
$622,257
7%
146
13%
58
26%
1.85
-4%
$662,056
6%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Dec. 2013
Median Price $330,000
Properties Sold
22
Sales Volume $7,336,400
Average Sale Price
$333,473
Properties For Sale 49
Average Days on Market
57
Months Supply of Inventory 2.23
Average List Price
$309,582
Dec. 2014
%Change
$380,500
15%
16
-27%
$5,598,603
-24%
$349,913 37
-24%
45
-21%
2.31
4%
$336,062
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
5%
Reseda
Dec. 2013
Median Price $400,000
Properties Sold
29
Sales Volume $11,772,550
Average Sale Price
$405,950
Properties For Sale 78
Average Days on Market
53
Months Supply of Inventory 2.69
Average List Price
$387,291
Dec. 2014
%Change
$442,500
11%
28
-3%
$12,291,490
4%
$438,982
8%
61
-22%
$61
15%
2.18
-19%
$439,759
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
Dec. 2013
Median Price $307,000
Properties Sold
13
Sales Volume $3,915,300
Average Sale Price
$301,177
Properties For Sale 31
Average Days on Market
51
Months Supply of Inventory 2.38
Average List Price
$326,080
Dec. 2014
%Change
$329,900
7%
13
0%
$4,022,700
3%
$309,438
3%
30
-3%
$83
63%
2.31
-3%
$365,288
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
Dec. 2013
Median Price $627,500
Properties Sold
3
Sales Volume $2,347,500
Average Sale Price
$782,500
Properties For Sale 7
Average Days on Market
142
Months Supply of Inventory 2.33
Average List Price
$1,047,000
Dec. 2014
%Change
$1,218,500
94%
1
-67%
$1,218,500
-48%
$1,218,500
56%
12
71%
$90
-37%
12.00
415%
$1,950,000
86%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
Dec. 2013
Median Price $850,000
Properties Sold
46
Sales Volume $43,505,707
Average Sale Price
$945,776
Properties For Sale 147
Average Days on Market
64
Months Supply of Inventory 3.20
Average List Price
$1,174,363
Dec. 2014
%Change
$875,000
3%
55
20%
$53,798,988
24%
$978,163
3%
113
-23%
61
-5%
2.05
-36%
$1,120,952
-5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Dec. 2013
Median Price $1,024,000
Properties Sold
32
Sales Volume $36,971,000
Average Sale Price
$1,155,344
Properties For Sale 85
Average Days on Market
65
Months Supply of Inventory 2.66
Average List Price
$1,559,043
Dec. 2014
%Change
$985,000
-4%
21
-34%
$25,072,100
-32%
$1,193,910
3%
79
-7%
57
-12%
3.76
41%
$1,249,979
-20%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
Dec. 2013
Median Price $370,000
Properties Sold
19
Sales Volume $7,546,500
Average Sale Price
$397,184
Properties For Sale 52
Average Days on Market
43
Months Supply of Inventory 2.74
Average List Price
$357,737
Dec. 2014
%Change
$380,000
3%
13
-32%
$6,366,000
-16%
$489,692
23%
55
6%
68
58%
4.23
54%
$512,431
43%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
Dec. 2013
Median Price $363,750
Properties Sold
42
Sales Volume $15,592,022
Average Sale Price
$371,239
Properties For Sale 96
Average Days on Market
56
Months Supply of Inventory 2.29
Average List Price
$422,181
Dec. 2014
%Change
$390,475
7%
38
-10%
$15,104,550
-3%
$397,488
7%
103
7%
62
11%
2.71
18%
$407,700
-3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Dec. 2013
Median Price $782,630
Properties Sold
16
Sales Volume $12,524,980
Average Sale Price
$782,811
Properties For Sale 84
Average Days on Market
88
Months Supply of Inventory 5.71
Average List Price
$996,931
Dec. 2014
%Change
$894,500
14%
14
-13%
$14,098,000
13%
$1,007,000
29%
88
5%
82
-7%
6.11
7%
$1,356,078
36%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Dec. 2013
Median Price $1,400,000
Properties Sold
7
Sales Volume $10,221,000
Average Sale Price
$1,460,143
Properties For Sale 14
Average Days on Market
77
Months Supply of Inventory 2.00
Average List Price
$727,450
Dec. 2014
%Change
$875,000
-38%
7 $7,444,627
-27%
$1,063,518
-27%
17
21%
70
-9%
2.43
22%
$1,984,500
173%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
Valley Glen
Dec. 2013
Median Price $592,500
Properties Sold
14
Sales Volume $8,179,500
Average Sale Price
$584,250
Properties For Sale 29
Average Days on Market
56
Months Supply of Inventory 2.07
Average List Price
$568,140
Dec. 2014
%Change
$582,000
-2%
21
50%
$12,401,400
52%
$590,543
1%
36
24%
58
4%
1.71
-17%
$648,057
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
Dec. 2013
Median Price $725,000
Properties Sold
9
Sales Volume $6,924,500
Average Sale Price
$769,389
Properties For Sale 27
Average Days on Market
65
Months Supply of Inventory 3.00
Average List Price
$833,500
Dec. 2014
%Change
$722,500
0%
13
44%
$11,051,500
60%
$850,115
10%
23
-15%
53
-18%
1.77
-41%
$770,350
-8%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Dec. 2013
Median Price $414,500
Properties Sold
26
Sales Volume $10,786,800
Average Sale Price
$414,877
Properties For Sale 73
Average Days on Market
49
Months Supply of Inventory 2.81
Average List Price
$477,262
Dec. 2014
%Change
$455,250
10%
32
23%
$14,987,290
39%
$468,353
13%
76
4%
69
41%
2.38
-15%
$509,869
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
West Hills
Dec. 2013
Median Price $528,000
Properties Sold
39
Sales Volume $22,956,500
Average Sale Price
$588,628
Properties For Sale 101
Average Days on Market
69
Months Supply of Inventory 2.59
Average List Price
$635,057
Dec. 2014
%Change
$539,500
2%
44
13%
$25,510,761
11%
$579,790
-2%
91
-10%
70
1%
2.07
-20%
$615,852
-3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Dec. 2013
Median Price $425,000
Properties Sold
35
Sales Volume $11,689,700
Average Sale Price
$419,706
Properties For Sale 62
Average Days on Market
56
Months Supply of Inventory 1.77
Average List Price
$425,987
Dec. 2014
%Change
$439,000
3%
25
-29%
$11,084,500
-5%
$443,380
6%
59
-5%
66
18%
2.36
33%
$469,687
10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Dec. 2013
Median Price $640,000
Properties Sold
55
Sales Volume $39,349,999
Average Sale Price
$715,455
Properties For Sale 157
Average Days on Market
70
Months Supply of Inventory 2.85
Average List Price
$782,964
Dec. 2014
%Change
$698,500
9%
58
5%
$45,309,375
15%
$781,196
9%
189
20%
72
3%
3.26
14%
$762,586
-3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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