Local Market Report January 2015
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
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19
Arleta
Jan. 2014
Jan. 2015
%Change
Median Price $315,000
$385,500
22%
14
100%
$5,266,250
132%
$376,161
16%
27
-47%
62
13%
1.93
-74%
$409,524
24%
Properties Sold
7
Sales Volume $2,272,749
Average Sale Price
$324,678
Properties For Sale 51
Average Days on Market
55
Months Supply of Inventory 7.29
Average List Price
$328,941
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Bell Canyon
Jan. 2014
Median Price n/a
Properties Sold
n/a
Sales Volume n/a
Average Sale Price
n/a
Properties For Sale $22
Average Days on Market
n/a
Months Supply of Inventory n/a
Average List Price
$1,547,125
Jan. 2015 $1,569,000 2 $3,138,000 $1,569,000 $27
23%
351 14 $1,475,611
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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%Change
-5%
Burbank
Jan. 2014
Jan. 2015
%Change
Median Price $630,000
$637,500
1%
Properties Sold
49
Sales Volume $31,035,358
Average Sale Price
$633,375
Properties For Sale 126
Average Days on Market
47
Months Supply of Inventory 2.57
Average List Price
$744,457
28
-43%
$20,647,050
-33%
$737,395
16%
104
-17%
50
6%
3.71
44%
$797,746
7%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
Jan. 2014
Median Price $1,330,500
Properties Sold
12
Sales Volume $18,417,000
Average Sale Price
$1,534,750
Properties For Sale 88
Average Days on Market
114
Months Supply of Inventory 7.33
Average List Price
$1,703,822
Jan. 2015
%Change
$1,025,000
-23%
15
25%
$17,716,745
-4%
$1,181,116
-23%
95
8%
134
18%
6.33
-14%
$2,053,324
21%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
Jan. 2014
Median Price $510,000
Properties Sold
17
Sales Volume $11,231,600
Average Sale Price
$660,682
Properties For Sale 75
Average Days on Market
75
Months Supply of Inventory 4.41
Average List Price
$724,335
Jan. 2015
%Change
$499,000
-2%
13
-24%
$7,324,500
-35%
$563,423
-15%
78
4%
55
-27%
6.00
36%
$810,097
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Jan. 2014
Median Price $875,000
Properties Sold
31
Sales Volume $36,663,000
Average Sale Price
$1,118,161
Properties For Sale 116
Average Days on Market
69
Months Supply of Inventory 3.74
Average List Price
$1,167,678
Jan. 2015
%Change
$1,000,500
14%
26
-16%
$37,461,500
2%
$1,440,827
29%
125
8%
63
-9%
4.81
29%
$1,692,367
45%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Jan. 2014
Median Price $448,300
Properties Sold
34
Sales Volume $17,104,000
Average Sale Price
$503,059
Properties For Sale 99
Average Days on Market
53
Months Supply of Inventory 2.91
Average List Price
$580,857
Jan. 2015
%Change
$480,000
7%
24
-29%
$13,035,500
-24%
$543,146 77
-22%
59
11%
3.21
10%
$562,131
-3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Hidden Hills
Jan. 2014
Median Price $3,262,500
Properties Sold
2
Sales Volume $6,525,000
Average Sale Price
$3,262,500
Properties For Sale 21
Average Days on Market
103
Months Supply of Inventory 10.50
Average List Price
$3,962,500
Jan. 2015
%Change
$1,715,000
-47%
3
50%
$4,736,000
-27%
$1,578,667
-52%
26
24%
44
-57%
8.67
-17%
$8,543,600
116%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
Jan. 2014
Median Price $480,000
Properties Sold
9
Sales Volume $4,440,900
Average Sale Price
$493,433
Properties For Sale 32
Average Days on Market
34
Months Supply of Inventory 3.56
Average List Price
$454,604
Jan. 2015
%Change
$472,000
-2%
15
67%
$7,350,500
66%
$490,033
-1%
27
-16%
62
82%
1.80
-49%
$474,100
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
4%
Mission Hills
Jan. 2014
Median Price $374,750
Properties Sold
6
Sales Volume $2,306,500
Average Sale Price
$384,417
Properties For Sale 25
Average Days on Market
27
Months Supply of Inventory 4.17
Average List Price
$376,846
Jan. 2015
%Change
$495,000
32%
4
-33%
$1,988,000
-14%
$497,000
29%
20
-20%
63
133%
5.00
20%
$397,474
5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
Jan. 2014
Median Price $418,000
Properties Sold
16
Sales Volume $6,643,400
Average Sale Price
$415,213
Properties For Sale 49
Average Days on Market
60
Months Supply of Inventory 3.06
Average List Price
$418,066
Jan. 2015
%Change
$460,000
10%
9
-44%
$3,904,000
-41%
$433,778 42
-14%
64
7%
4.67
53%
$454,784
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
4%
North Hollywood
Jan. 2014
Median Price $380,000
Properties Sold
27
Sales Volume $11,270,018
Average Sale Price
$417,408
Properties For Sale 125
Average Days on Market
52
Months Supply of Inventory 4.63
Average List Price
$487,317
Jan. 2015
%Change
$442,500
16%
32
19%
$14,571,611
29%
$455,363
9%
85
-32%
71
37%
2.66
-43%
$480,853
-1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Jan. 2014
Median Price $532,500
Properties Sold
38
Sales Volume $22,788,450
Average Sale Price
$599,696
Properties For Sale 151
Average Days on Market
69
Months Supply of Inventory 3.97
Average List Price
$672,407
Jan. 2015
%Change
$610,000
15%
35
-8%
$21,273,450
-7%
$607,813
1%
161
7%
73
6%
4.60
16%
$741,717
10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Jan. 2014
Median Price $302,500
Properties Sold
18
Sales Volume $5,613,000
Average Sale Price
$311,833
Properties For Sale 53
Average Days on Market
29
Months Supply of Inventory 2.94
Average List Price
$318,695
Jan. 2015
%Change
$360,000
19%
9
-50%
$3,279,575
-42%
$364,397
17%
42
-21%
49
69%
4.67
59%
$324,780
2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Jan. 2014
Median Price $385,000
Properties Sold
23
Sales Volume $8,851,000
Average Sale Price
$384,826
Properties For Sale 84
Average Days on Market
43
Months Supply of Inventory 3.65
Average List Price
$440,240
Jan. 2015
%Change
$435,000
13%
21
-9%
$9,003,130
2%
$428,720
11%
62
-26%
$73
70%
2.95
-19%
$440,173
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
San Fernando
Jan. 2014
Median Price $314,000
Properties Sold
10
Sales Volume $3,256,950
Average Sale Price
$352,695
Properties For Sale 37
Average Days on Market
29
Months Supply of Inventory 3.70
Average List Price
$347,616
Jan. 2015
%Change
$310,000
-1%
7
-30%
$2,326,950
-29%
$332,421
-6%
32
-14%
$47
62%
4.57
24%
$378,275
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
Jan. 2014
Median Price $1,025,000
Properties Sold
3
Sales Volume $2,975,000
Average Sale Price
$991,667
Properties For Sale 7
Average Days on Market
80
Months Supply of Inventory 2.33
Average List Price
$561,967
Jan. 2015 n/a n/a $0
-100%
n/a 14
100%
n/a n/a $1,086,934
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
93%
Sherman Oaks
Jan. 2014
Median Price $1,015,000
Properties Sold
40
Sales Volume $42,351,575
Average Sale Price
$1,058,789
Properties For Sale 151
Average Days on Market
99
Months Supply of Inventory 3.78
Average List Price
$1,146,671
Jan. 2015
%Change
$929,000
-8%
33
-18%
$36,006,250
-15%
$1,091,098
3%
141
-7%
62
-37%
4.27
13%
$1,302,076
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Jan. 2014
Median Price $1,122,000
Properties Sold
21
Sales Volume $24,827,650
Average Sale Price
$1,182,269
Properties For Sale 99
Average Days on Market
54
Months Supply of Inventory 4.71
Average List Price
$1,371,951
Jan. 2015
%Change
$1,275,000
14%
12
-43%
$15,250,500
-39%
$1,270,875
7%
84
-15%
64
19%
7.00
49%
$1,389,736
1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
Jan. 2014
Median Price $350,000
Properties Sold
12
Sales Volume $4,868,500
Average Sale Price
$405,708
Properties For Sale 49
Average Days on Market
82
Months Supply of Inventory 4.08
Average List Price
$396,467
Jan. 2015
%Change
$425,000
21%
15
25%
$6,834,000
40%
$455,600
12%
57
16%
72
-12%
3.80
-7%
$456,330
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
Jan. 2014
Median Price $372,500
Properties Sold
44
Sales Volume $16,568,000
Average Sale Price
$376,545
Properties For Sale 94
Average Days on Market
46
Months Supply of Inventory 2.14
Average List Price
$380,417
Jan. 2015
%Change
$410,500
10%
26
-41%
$11,120,500
-33%
$427,712
14%
96
2%
55
20%
3.69
72%
$450,468
18%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Jan. 2014
Median Price $866,250
Properties Sold
21
Sales Volume $19,919,250
Average Sale Price
$948,536
Properties For Sale 93
Average Days on Market
69
Months Supply of Inventory 4.43
Average List Price
$1,153,789
Jan. 2015
%Change
$935,000
8%
18 $21,037,000
6%
$1,168,722
23%
84
-10%
76
10%
4.67
5%
$1,608,759
39%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-14%
Toluca Lake
Jan. 2014
Median Price $1,147,500
Properties Sold
6
Sales Volume $9,095,340
Average Sale Price
$1,515,890
Properties For Sale 19
Average Days on Market
79
Months Supply of Inventory 3.17
Average List Price
$1,381,946
Jan. 2015
%Change
$1,275,000
11%
3
-50%
$5,882,800
-35%
$1,960,933
29%
25
32%
115
46%
8.33
163%
$3,508,992
154%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
Jan. 2014
Median Price $592,500
Properties Sold
12
Sales Volume $7,472,000
Average Sale Price
$622,667
Properties For Sale 29
Average Days on Market
105
Months Supply of Inventory 2.42
Average List Price
$643,518
Jan. 2015
%Change
$515,000
-13%
7
-42%
$4,053,500
-46%
$579,071
-7%
43
48%
38
-64%
6.14
154%
$665,749
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
3%
Valley Village
Jan. 2014
Median Price $795,000
Properties Sold
11
Sales Volume $8,977,055
Average Sale Price
$816,096
Properties For Sale 27
Average Days on Market
50
Months Supply of Inventory 2.45
Average List Price
$762,057
Jan. 2015
%Change
$777,500
-2%
10
-9%
$7,771,500
-13%
$777,150
-5%
22
-19%
39
-22%
2.20
-10%
$1,002,825
32%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Jan. 2014
Median Price $430,000
Properties Sold
23
Sales Volume $9,437,400
Average Sale Price
$410,322
Properties For Sale 70
Average Days on Market
65
Months Supply of Inventory 3.04
Average List Price
$460,531
Jan. 2015
%Change
$415,000
-3%
18
-22%
$8,824,980
-6%
$490,277
19%
78
11%
59
-9%
4.33
42%
$501,153
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
Jan. 2014
Median Price $520,000
Properties Sold
25
Sales Volume $14,384,500
Average Sale Price
$575,380
Properties For Sale 109
Average Days on Market
57
Months Supply of Inventory 4.36
Average List Price
$662,616
Jan. 2015
%Change
$539,000
4%
38
52%
$28,357,605
97%
$746,253
30%
105
-4%
81
42%
2.76
-37%
$651,569
-2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Jan. 2014
Median Price $400,000
Properties Sold
17
Sales Volume $7,019,500
Average Sale Price
$412,912
Properties For Sale 68
Average Days on Market
54
Months Supply of Inventory 4.00
Average List Price
$442,053
Jan. 2015
%Change
$445,000
11%
18
6%
$7,848,400
12%
$436,022
6%
62
-9%
51
-6%
3.44
-14%
$526,948
19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Jan. 2014
Median Price $675,000
Properties Sold
33
Sales Volume $23,351,564
Average Sale Price
$707,623
Properties For Sale 177
Average Days on Market
59
Months Supply of Inventory 5.36
Average List Price
$760,732
Jan. 2015
%Change
$705,000
4%
28
-15%
$21,073,100
-10%
$752,611
6%
222
25%
92
56%
7.93
48%
$875,806
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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