Local Market Report February 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.
RodeoRE.com
Table of Contents Arleta
3
San Fernando
18
Bell Canyon
4
Santa Clarita
19
Burbank
5
Shadow Hills
20
Calabasas
6
Sherman Oaks
21
Chatsworth
7
Studio City
22
Encino
8
Sun Valley
23
Granada Hills
9
Sylmar
24
Hidden Hills
10
Tarzana
25
Lake Balboa
11
Toluca Lake
26
Mission Hills
12
Valley Glen
27
North Hills
13
Valley Village
28
North Hollywood
14
Van Nuys
29
Northridge
15
West Hills
30
Pacoima
16
Winnetka
31
Reseda
17
Woodland Hills
32
Rodeo Realty RodeoRE.com
Arleta
Feb. 2013
Feb. 2014
%Change
Median Price $299,000
$325,000
9
Properties Sold
20
Sales Volume $6,055,900
Average Sale Price
$302,795
Properties For Sale 41
Average Days on Market
54
Month’s Supply of Inventory 2.05
Average List Price
$324,735
17
-15
$5,612,400
-7
$330,141
9
36
-12
48
-11
2.12
3
$342,348
5
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
Feb. 2013
Feb. 2014
%Change
Median Price $861,500
$970,000
13
3
-25
$2,995,000
-22
Properties Sold
4
Sales Volume $3,783,000
Average Sale Price
$945,750
Properties For Sale 20
Average Days on Market
279
Month’s Supply of Inventory 5.00
Average List Price
$1,412,250
$985,000
4
25
25
47
-83
8.33
67
$1,632,625
16
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
Feb. 2013
Feb. 2014
%Change
Median Price $527,750
$638,000
21
39
-11
$26,705,700
14
$684,762
29
104
-5
52
2
2.67
7
$770,851
6
Properties Sold
44
Sales Volume $23,409,526
Average Sale Price
$532,035
Properties For Sale 110
Average Days on Market
51
Month’s Supply of Inventory 2.50
Average List Price
$726,192
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
Feb. 2013
Feb. 2014
%Change
Median Price $1,195,000
$940,000
-21
13
-24
$14,721,275
-35
$1,132,406
-15
88
21
74
-41
6.77
58
$1,495,842
-9
Properties Sold
17
Sales Volume $22,522,888
Average Sale Price
$1,324,876
Properties For Sale 73
Average Days on Market
126
Month’s Supply of Inventory 4.29
Average List Price
$1,646,161
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
Feb. 2013
Feb. 2014
%Change
Median Price $430,000
$530,000
23
23
28
$14,701,000
69
$639,174
32
73
12
62
11
3.17
-12
$632,703
11
Properties Sold
18
Sales Volume $8,718,500
Average Sale Price
$484,361
Properties For Sale 65
Average Days on Market
56
Month’s Supply of Inventory 3.61
Average List Price
$570,979
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Feb. 2013
Feb. 2014
%Change
Median Price $935,000
$1,422,500
52
20
-23
Properties Sold
26
Sales Volume $26,990,365
Average Sale Price
$1,038,091
Properties For Sale 116
Average Days on Market
103
Month’s Supply of Inventory 4.46
Average List Price
$1,267,767
$27,643,016
2
$1,382,151
33
100
-14
81
-21
5.00
12
$1,376,757
9
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Feb. 2013
Feb. 2014
%Change
Median Price $415,000
$515,000
24
20
-51
$10,885,949
-43
$544,297
17
88
-10
45
-10
4.40
84
$577,669
17
Properties Sold
41
Sales Volume $19,065,867
Average Sale Price
$465,021
Properties For Sale 98
Average Days on Market
50
Month’s Supply of Inventory 2.39
Average List Price
$495,738
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Feb. 2013
Feb. 2014
%Change
Median Price $2,175,000
$2,450,000
13
3
0
$6,900,000
-7
$2,300,000
-7
24
-35
186
86
8.00
-35
$3,621,695
38
Properties Sold
3
Sales Volume $7,400,000
Average Sale Price
$2,466,667
Properties For Sale 37
Average Days on Market
100
Month’s Supply of Inventory 12.33
Average List Price
$2,622,363
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
Feb. 2013
Feb. 2014
%Change
Median Price $409,975
$429,500
5
10
25
$4,764,388
40
$476,439
12
26
0
51
-20
2.60
-20
$471,249
28
Properties Sold
8
Sales Volume $3,392,950
Average Sale Price
$424,119
Properties For Sale 26
Average Days on Market
64
Month’s Supply of Inventory 3.25
Average List Price
$366,820
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
Feb. 2013
Feb. 2014
%Change
Median Price $315,000
$327,850
4
Properties Sold
13
Sales Volume $4,077,133
Average Sale Price
$313,626
Properties For Sale 24
Average Days on Market
66
Month’s Supply of Inventory 1.85
Average List Price
$358,481
8
-38
$2,796,700
-31
$349,588
11
23
-4
22
-67
2.88
56
$376,050
17
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
Feb. 2013
Feb. 2014
%Change
Median Price $383,000
$405,000
6
Properties Sold
21
Sales Volume $7,983,500
Average Sale Price
$380,167
Properties For Sale 39
Average Days on Market
50
Month’s Supply of Inventory 1.86
Average List Price
$388,220
17
-19
$7,032,000
-12
$413,647
9
36
-8
56
12
2.12
14
$446,314
15
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
Feb. 2013
Feb. 2014
%Change
Median Price $357,500
$435,000
22
31
11
$14,025,400
32
$452,432
19
104
-9
47
-33
3.35
-18
$465,837
18
Properties Sold
28
Sales Volume $10,632,200
Average Sale Price
$379,721
Properties For Sale 114
Average Days on Market
70
Month’s Supply of Inventory 4.07
Average List Price
$394,926
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Feb. 2013
Feb. 2014
%Change
Median Price $471,000
$573,500
22
30
-39
$18,310,500
-27
$610,350
18
147
2
86
43
4.90
67
$691,329
14
Properties Sold
49
Sales Volume $25,243,036
Average Sale Price
$515,164
Properties For Sale 144
Average Days on Market
60
Month’s Supply of Inventory 2.94
Average List Price
$608,711
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Feb. 2013
Feb. 2014
%Change
Median Price $254,500
$325,000
28
11
-54
$3,333,900
-46
$303,082
17
38
-19
58
0
3.45
76
$329,969
23
Properties Sold
24
Sales Volume $6,196,449
Average Sale Price
$258,185
Properties For Sale 47
Average Days on Market
58
Month’s Supply of Inventory 1.96
Average List Price
$268,981
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Feb. 2013
Feb. 2014
%Change
Median Price $327,500
$413,500
26
30
15
$12,695,850
43
$423,228
24
73
12
94
15
2.43
-3
$422,501
14
Properties Sold
26
Sales Volume $8,893,896
Average Sale Price
$342,073
Properties For Sale 65
Average Days on Market
82
Month’s Supply of Inventory 2.50
Average List Price
$371,571
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
Feb. 2013
Feb. 2014
%Change
Median Price $320,000
$302,000
-6
9
0
$2,856,000
7
$317,333
7
Properties Sold
9
Sales Volume $2,675,000
Average Sale Price
$297,222
Properties For Sale 26
Average Days on Market
32
Month’s Supply of Inventory 2.89
Average List Price
$298,107
21
-19
43
34
2.33
-19
$370,760
24
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Santa Clarita
Feb. 2013
Feb. 2014
Median Price 365,600
372,500
2
2
0
745,000
2
372,500
2
Properties Sold
2
Sales Volume 731,000
Average Sale Price
365,500
Properties For Sale 8
Average Days on Market
18
Month’s Supply of Inventory 4.00
Average List Price
$464,667
5
-38
43
139
2.50
-38
$537,500
16
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Shadow Hills
Feb. 2013
Feb. 2014
%Change
Median Price $480,000
$945,000
97
1
-50
$945,000
-2
$945,000
97
7
-22
2
-85
7.00
56
$799,296
14
Properties Sold
2
Sales Volume $960,000
Average Sale Price
$480,000
Properties For Sale 9
Average Days on Market
13
Month’s Supply of Inventory 4.50
Average List Price
$699,999
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
Feb. 2013
Feb. 2014
%Change
Median Price $701,000
$925,000
32
38
15
$39,773,500
54
$1,046,671
33
139
-1
59
-6
3.66
-14
$1,049,158
18
Properties Sold
33
Sales Volume $25,878,900
Average Sale Price
$784,209
Properties For Sale 141
Average Days on Market
63
Month’s Supply of Inventory 4.27
Average List Price
$889,851
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Feb. 2013
Feb. 2014
%Change
Median Price $910,550
$1,085,000
19
14
-13
Properties Sold
16
Sales Volume $15,528,800
Average Sale Price
$970,550
Properties For Sale 88
Average Days on Market
43
Month’s Supply of Inventory 5.50
Average List Price
$1,313,998
$16,307,000
5
$1,164,786
20
90
2
50
16
6.43
17
$1,644,891
25
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
Feb. 2013
Feb. 2014
%Change
Median Price $320,000
$440,000
38
9
-61
$4,125,000
-47
$458,333
34
42
-28
39
-25
4.67
85
$468,938
36
Properties Sold
23
Sales Volume $7,846,964
Average Sale Price
$341,172
Properties For Sale 58
Average Days on Market
52
Month’s Supply of Inventory 2.52
Average List Price
$343,851
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
Feb. 2013
Feb. 2014
%Change
Median Price $335,000
$364,500
9
36
33
$13,539,999
56
$376,111
17
95
-14
75
-1
2.64
-36
$413,554
33
Properties Sold
27
Sales Volume $8,683,250
Average Sale Price
$321,602
Properties For Sale 111
Average Days on Market
76
Month’s Supply of Inventory 4.11
Average List Price
$310,752
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Feb. 2013
Feb. 2014
%Change
Median Price $792,500
$705,000
-11
16
14
$13,122,900
5
$820,181
-8
81
-19
65
-26
5.06
-29
Properties Sold
14
Sales Volume $12,480,299
Average Sale Price
$891,450
Properties For Sale 100
Average Days on Market
88
Month’s Supply of Inventory 7.14
Average List Price
$971,775
$995,316
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2
Toluca Lake
Feb. 2013
Feb. 2014
%Change
Median Price $1,720,000
$739,500
-57
4
33
$3,191,800
-32
$797,950
-49
16
-20
42
-66
4.00
-40
$1,445,000
-21
Properties Sold
3
Sales Volume $4,660,000
Average Sale Price
$1,553,333
Properties For Sale 20
Average Days on Market
122
Month’s Supply of Inventory 6.67
Average List Price
$1,821,767
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
Feb. 2013
Feb. 2014
%Change
Median Price $413,500
$594,950
44
6
0
$3,779,900
35
$629,983
35
32
-3
74
42
5.33
-3
$658,031
31
Properties Sold
6
Sales Volume $2,806,000
Average Sale Price
$467,667
Properties For Sale 33
Average Days on Market
52
Month’s Supply of Inventory 5.50
Average List Price
$501,428
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
Feb. 2013
Feb. 2014
%Change
Median Price $750,000
$659,750
-12
6
-40
$4,424,500
-44
$737,417
-7
21
-16
121
75
3.50
40
$897,273
32
Properties Sold
10
Sales Volume $7,966,250
Average Sale Price
$796,625
Properties For Sale 25
Average Days on Market
69
Month’s Supply of Inventory 2.50
Average List Price
$681,137
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Feb. 2013
Feb. 2014
%Change
Median Price $355,000
$397,000
12
16
-45
$6,679,500
-36
$417,469
16
71
-13
36
-31
4.44
57
$459,274
19
Properties Sold
29
Sales Volume $10,461,900
Average Sale Price
$360,755
Properties For Sale 82
Average Days on Market
52
Month’s Supply of Inventory 2.83
Average List Price
$385,281
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
Feb. 2013
Feb. 2014
%Change
Median Price $455,000
$549,000
21
25
-24
$15,513,850
-3
$620,546
28
89
-25
73
49
3.56
-1
$663,564
19
Properties Sold
33
Sales Volume $15,945,514
Average Sale Price
$483,197
Properties For Sale 118
Average Days on Market
49
Month’s Supply of Inventory 3.58
Average List Price
$557,904
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Feb. 2013 Median Price $383,000
Feb. 2014
%Change
$415,000
8
Properties Sold 19 Sales Volume $6,799,800
18
-5
$7,217,800
6
Average Sale Price $357,884 Properties For Sale 53
$400,989
12
57
8
Average Days on Market 42 Month’s Supply of Inventory 2.79
61
45
3.17
14
$440,274
18
Average List Price
$374,174
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Feb. 2013
Feb. 2014
%Change
Median Price $562,500
$656,000
17
36
-38
$23,731,050
-32
Properties Sold
58
Sales Volume $34,934,100
Average Sale Price
$602,312
Properties For Sale 182
Average Days on Market
70
Month’s Supply of Inventory 3.14
Average List Price
$684,917
$659,196
9
172
-5
57
-19
4.78
52
$816,395
19
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT