Local Market Report December 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
18
Bell Canyon
4
Shadow Hills
19
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
Arleta
Dec. 2012
Dec. 2013
%Change
Median Price $264,500
$327,500
24
20
0
$6,270,500
18
$313,525
18
28
-36
40
-15
1.40
-36
$341,338
18
Properties Sold
20
Sales Volume $5,300,797
Average Sale Price
$265,040
Properties For Sale 44
Average Days on Market
47
Month’s Supply of Inventory 2.20
Average List Price
$289,063
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
Dec. 2012
Dec. 2013
%Change
Median Price $1,100,000
$830,000
-25
3
-40
$2,881,500
-45
$960,500
-9
21
11
175
121
-31
Month’s Supply of Inventory 3.80
7.00
84
$1,140,750
-14
Properties Sold
5
Sales Volume $5,284,000
Average Sale Price
$1,056,800
Properties For Sale 19
Average Days on Market
Average List Price
$1,327,750
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
Dec. 2012
Dec. 2013
%Change
Median Price $544,500
$580,000
7
Properties Sold
60
Sales Volume $34,498,000
Average Sale Price
$574,967
Properties For Sale 102
Average Days on Market
62
Month’s Supply of Inventory 1.70
Average List Price
$543,971
49
-18
$31,471,479
-9
$642,275
12
91
-11
45
-27
1.86
9
$676,069
24
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
Dec. 2012
Dec. 2013
%Change
Median Price $805,000
$1,150,000
43
19
6
$29,257,600
48
$1,539,874
40
83
8
125
106
-15
Month’s Supply of Inventory 4.28
4.37
2
$1,678,193
10
Properties Sold
18
Sales Volume $19,795,940
Average Sale Price
$1,099,774
Properties For Sale 77
Average Days on Market
Average List Price
$1,532,520
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
Dec. 2012
Dec. 2013
%Change
Median Price $441,400
$452,500
3
Properties Sold
29
Sales Volume $13,248,300
Average Sale Price
$456,838
Properties For Sale 65
Average Days on Market
55
Month’s Supply of Inventory 2.24
Average List Price
$676,722
24
-17
$12,693,400
-4
$528,892
16
62
-5
42
-24
2.58
15
$539,900
-20
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Dec. 2012
Dec. 2013
%Change
Median Price $850,000
$785,000
-8
35
-8
$47,215,565
23
$1,311,543
33
95
-8
67
-15
Properties Sold
39
Sales Volume $38,448,750
Average Sale Price
$985,865
Properties For Sale 103
Average Days on Market
79
Month’s Supply of Inventory 2.64
Average List Price
$1,144,096
2.64
0
$1,313,958
15
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Dec. 2012
Dec. 2013
%Change
Median Price $425,000
$494,500
16
35
-20
$17,505,900
-7
$500,169
16
74
-24
35
-27
2.11
-4
$550,047
32
Properties Sold
44
Sales Volume $18,892,847
Average Sale Price
$429,383
Properties For Sale 97
Average Days on Market
48
Month’s Supply of Inventory 2.20
Average List Price
$416,912
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Dec. 2012
Dec. 2013
%Change
Median Price $2,387,500
$3,612,500
51
2
-50
$7,225,000
-24
$3,612,500
53
18
-14
81
4
Properties Sold
4
Sales Volume $9,470,000
Average Sale Price
$2,367,500
Properties For Sale 21
Average Days on Market
78
Month’s Supply of Inventory 12.00
Average List Price
$3,833,333
6.67
-44
$10,421,667
172
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
Dec. 2012
Dec. 2013
Median Price $383,000
$440,000
15
11
0
$5,029,300
18
$457,209
18
23
-23
33
-42
2.09
-23
$497,627
-9
Properties Sold
11
Sales Volume $4,253,000
Average Sale Price
$386,636
Properties For Sale 30
Average Days on Market
57
Month’s Supply of Inventory 2.73
Average List Price
$545,667
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Mission Hills
Dec. 2012
Dec. 2013
Median Price $315,000
$377,500
20
9
-47
$3,571,500
-33
$396,833
26
15
-32
37
28
1.67
29
$383,350
18
Properties Sold
17
Sales Volume $5,370,500
Average Sale Price
$315,912
Properties For Sale 22
Average Days on Market
29
Month’s Supply of Inventory 1.29
Average List Price
$324,080
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
North Hills
Dec. 2012
Dec. 2013
%Change
Median Price $330,000
$411,000
25
19
-14
Properties Sold
22
Sales Volume $7,344,549
Average Sale Price
$333,843
Properties For Sale 50
Average Days on Market
90
Month’s Supply of Inventory 2.27
Average List Price
$344,123
$7,538,900
3
$396,784
19
36
-28
60
-33
1.89
-17
$433,415
26
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
Dec. 2012
Dec. 2013
%Change
Median Price $312,500
$403,000
29
41
8
$16,545,800
35
$403,556
25
193
-21
33
-31
2.27
-26
$424,105
16
Properties Sold
38
Sales Volume $12,291,451
Average Sale Price
$323,459
Properties For Sale 117
Average Days on Market
48
Month’s Supply of Inventory 3.08
Average List Price
$364,404
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Dec. 2012
Dec. 2013
%Change
Median Price $480,000
$563,000
17
68
-6
$39,525,000
8
$581,257
14
100
-19
47
-24
1.47
-14
$629,197
27
Properties Sold
72
Sales Volume $36,738,362
Average Sale Price
$510,255
Properties For Sale 123
Average Days on Market
62
Month’s Supply of Inventory 1.71
Average List Price
$495,347
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Dec. 2012
Dec. 2013
%Change
Median Price $286,000
$330,000
15
22
-49
$7,336,400
-36
$333,473
25
35
-34
57
27
1.59
29
$309,705
20
Properties Sold
43
Sales Volume $11,500,294
Average Sale Price
$267,449
Properties For Sale 53
Average Days on Market
45
Month’s Supply of Inventory 1.23
Average List Price
$257,259
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Dec. 2012
Dec. 2013
%Change
Median Price $310,000
$399,950
10
30
-14
Properties Sold
35
Sales Volume $11,138,900
Average Sale Price
$318,254
Properties For Sale 70
Average Days on Market
74
Month’s Supply of Inventory 2.00
Average List Price
$348,711
$11,992,550
8
$399,752
26
65
-7
52
-30
2.17
9
$394,325
13
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
Dec. 2012
Dec. 2013
%Change
Median Price $265,000
$307,000
16
13
-13
$3,913,300
-2
$301,023
13
13
-13
46
15
1.85
16
$327,275
30
Properties Sold
15
Sales Volume $3,995,500
Average Sale Price
$266,367
Properties For Sale 15
Average Days on Market
40
Month’s Supply of Inventory 1.60
Average List Price
$252,596
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
Dec. 2012
Dec. 2013
%Change
Median Price $655,000
$627,500
-4
3
50
$2,347,500
79
$782,500
19
7
-56
262
142
-46
Month’s Supply of Inventory 8.00
2.33
-71
$1,547,000
77
Properties Sold
2
Sales Volume $1,310,000
Average Sale Price
$655,000
Properties For Sale 16
Average Days on Market
Average List Price
$875,000
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
Dec. 2012
Dec. 2013
%Change
Median Price $725,000
$840,000
16
45
-6
$42,269,707
1
$939,237
8
129
6
62
-13
2.87
13
$1,182,021
42
Properties Sold
48
Sales Volume $41,858,993
Average Sale Price
$872,062
Properties For Sale 122
Average Days on Market
71
Month’s Supply of Inventory 2.54
Average List Price
$832,071
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Dec. 2012
Nov. 2013
%Change
Median Price $967,000
$1,024,000
6
30
7
Properties Sold
28
Sales Volume $39,528,000
Average Sale Price
$1,411,714
Properties For Sale 80
Average Days on Market
55
Month’s Supply of Inventory 2.86
Average List Price
$1,514,262
$35,076,000
-11
$1,169,200
-17
71
-11
67
22
2.37
-17
$1,577,995
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
4
Sun Valley
Dec. 2012
Dec. 2013
%Change
Median Price $295,000
$370,000
25
19
-10
$7,546,500
12
$397,184
24
40
-32
43
-37
2.11
-25
Properties Sold
21
Sales Volume $6,739,900
Average Sale Price
$320,948
Properties For Sale 59
Average Days on Market
68
Month’s Supply of Inventory 2.81
Average List Price
$327,015
$347,981
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6
Sylmar
Dec. 2012
Dec. 2013
%Change
Median Price $325,000
$363,750
12
44
-4
$16,340,022
9
$371,364
14
72
-37
56
8
Properties Sold
46
Sales Volume $15,037,893
Average Sale Price
$326,911
Properties For Sale 115
Average Days on Market
52
Month’s Supply of Inventory 2.50
Average List Price
$305,285
1.64
-34
$432,068
42
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Dec. 2012
Dec. 2013
%Change
Median Price $770,000
$782,630
2
Properties Sold
27
Sales Volume $23,954,785
Average Sale Price
$887,214
Properties For Sale 97
Average Days on Market
85
Month’s Supply of Inventory 3.59
Average List Price
$880,483
16
-41
$12,524,980
-48
$782,811
-12
63
-35
88
4
3.94
10
$1,012,203
15
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Dec. 2012
Dec. 2013
%Change
Median Price $865,000
$1,400,000
62
7
-13
$10,221,000
-12
$1,460,143
0
Properties Sold
8
Sales Volume $11,671,000
Average Sale Price
$1,458,875
Properties For Sale 25
Average Days on Market
149
Month’s Supply of Inventory 3.13
Average List Price
$1,240,571
15
-40
77
-48
2.14
-32
$727,450
-41
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
Dec. 2012
Dec. 2013
%Change
Median Price $507,500
$605,000
19
13
-28
$7,909,500
-19
$608,423
12
21
5
58
-17
1.62
46
$550,925
-6
Properties Sold
18
Sales Volume $9,764,000
Average Sale Price
$542,444
Properties For Sale 20
Average Days on Market
70
Month’s Supply of Inventory 1.11
Average List Price
$584,800
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
Dec. 2012
Dec. 2013
%Change
Median Price $575,000
$740,000
29
8
-38
$6,203,500
-23
$775,438
26
28
-10
67
52
3.50
47
$734,800
-4
Properties Sold
13
Sales Volume $8,024,000
Average Sale Price
$617,231
Properties For Sale 31
Average Days on Market
44
Month’s Supply of Inventory 2.38
Average List Price
$769,108
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Dec. 2012
Dec. 2013
%Change
Median Price $311,000
$410,000
32
26
-40
$10,666,800
-23
$410,262
27
60
-27
49
-9
2.31
21
$481,106
43
Properties Sold
43
Sales Volume $13,845,709
Average Sale Price
$321,993
Properties For Sale 82
Average Days on Market
54
Month’s Supply of Inventory 1.91
Average List Price
$336,023
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
Dec. 2012
Dec. 2013
%Change
Median Price $440,000
$530,000
20
38
-19
$22,653,500
-5
$596,145
17
114
-4
70
-7
2.37
13
$636,654
27
Properties Sold
47
Sales Volume $23,927,500
Average Sale Price
$509,096
Properties For Sale 119
Average Days on Market
75
Month’s Supply of Inventory 2.09
Average List Price
$501,342
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Dec. 2012 Median Price $339,000
Dec. 2013
%Change
$425,000
24
Properties Sold 31 Sales Volume $10,923,000
36
16
$15,030,700
38
Average Sale Price $352,355 Properties For Sale 48
$417,519
18
41
-15
Average Days on Market 59 Month’s Supply of Inventory 1.55
55
-7
1.14
-26
$431,729
15
Average List Price
$374,012
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Dec. 2012
Dec. 2013
%Change
Median Price $560,000
$633,250
13
58
-3
$40,413,999
7
$696,793
11
135
-23
67
0
Properties Sold
60
Sales Volume $37,677,950
Average Sale Price
$627,966
Properties For Sale 175
Average Days on Market
67
Month’s Supply of Inventory 2.92
Average List Price
$675,169
2.33
-20
$816,564
21
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT