Local Market Report January 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
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
Jan. 2013
Jan. 2014
%Change
Median Price $270,000
$315,000
17
7
-46
$2,272,749
-36
$324,678
19
36
-23
55
25
5.14
42
$330,893
9
Properties Sold
13
Sales Volume $3,536,418
Average Sale Price
$272,032
Properties For Sale 47
Average Days on Market
44
Month’s Supply of Inventory 3.62
Average List Price
$303,873
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
Jan. 2013
Jan. 2014
Median Price $775,000
$0
-100
0
-100
$0
-100
$0
-100
21
-13
0
-100
0.00
-100
Properties Sold
3
Sales Volume $2,169,000
Average Sale Price
$723,000
Properties For Sale 24
Average Days on Market
142
Month’s Supply of Inventory 8.00
Average List Price
$1,402,390
$1,670,375
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
19
Burbank
Jan. 2013
Jan. 2014
%Change
Median Price $521,750
$630,000
21
49
53
$31,035,358
70
$633,375
11
103
1
47
-16
2.10
-34
$735,208
18
Properties Sold
32
Sales Volume $18,218,474
Average Sale Price
$569,327
Properties For Sale 102
Average Days on Market
56
Month’s Supply of Inventory 3.19
Average List Price
$623,169
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
Jan. 2013
Jan. 2014
%Change
Median Price $889,500
$1,330,500
50
12
-57
$18,448,000
-38
$1,537,333
44
77
1
114
52
6.42
137
Properties Sold
28
Sales Volume $29,873,925
Average Sale Price
$1,066,926
Properties For Sale 76
Average Days on Market
75
Month’s Supply of Inventory 2.71
Average List Price
$1,805,023
$1,696,912
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-6
Chatsworth
Jan. 2013
Jan. 2014
%Change
Median Price $455,000
$457,500
1
Properties Sold
21
Sales Volume $9,475,400
Average Sale Price
$451,210
Properties For Sale 59
Average Days on Market
51
Month’s Supply of Inventory 2.81
Average List Price
$677,353
18
-14
$11,343,000
20
$630,167
40
60
2
81
59
3.33
19
$730,332
8
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Jan. 2013
Jan. 2014
%Change
Median Price $690,000
$869,750
26
32
23
$35,513,000
74
$1,109,781
42
97
-9
67
10
3.03
26
$1,189,340
2
Properties Sold
26
Sales Volume $20,388,500
Average Sale Price
$784,173
Properties For Sale 107
Average Days on Market
61
Month’s Supply of Inventory 4.12
Average List Price
$1,163,491
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Jan. 2013
Jan. 2014
%Change
Median Price $385,000
$450,000
17
33
0
$16,881,000
15
$511,545
15
73
-26
55
-4
2.21
-26
$593,399
29
Properties Sold
33
Sales Volume $14,735,500
Average Sale Price
$446,530
Properties For Sale 99
Average Days on Market
57
Month’s Supply of Inventory 3.00
Average List Price
$461,228
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Jan. 2013
Jan. 2014
%Change
Median Price $2,250,000
$3,262,500
45
2
0
$6,525,000
45
$3,262,500
45
21
-28
103
151
10.50
-28
$4,099,375
26
Properties Sold
2
Sales Volume $4,500,000
Average Sale Price
$2,250,000
Properties For Sale 29
Average Days on Market
41
Month’s Supply of Inventory 14.50
Average List Price
$3,249,923
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
Jan. 2013
Jan. 2014
%Change
Median Price $395,000
$480,000
22
9
-18
Properties Sold
11
Sales Volume $4,120,000
Average Sale Price
$374,545
Properties For Sale 38
Average Days on Market
35
Month’s Supply of Inventory 3.45
Average List Price
$387,919
$4,440,900
8
$493,433
32
26
-32
34
-3
2.89
-16
$461,068
19
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
Jan. 2013
Jan. 2014
%Change
Median Price $315,250
$374,750
19
6
-40
$2,306,500
-26
$384,417
23
14
-46
27
-45
2.33
-10
$376,050
16
Properties Sold
10
Sales Volume $3,137,240
Average Sale Price
$313,724
Properties For Sale 26
Average Days on Market
49
Month’s Supply of Inventory 2.60
Average List Price
$324,277
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
Jan. 2013
Jan. 2014
%Change
Median Price $364,000
$416,000
14
15
-21
$6,153,400
-9
$410,227
15
38
-10
57
12
2.53
14
$421,014
10
Properties Sold
19
Sales Volume $6,754,500
Average Sale Price
$355,500
Properties For Sale 42
Average Days on Market
51
Month’s Supply of Inventory 2.21
Average List Price
$382,895
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
Jan. 2013
Jan. 2014
%Change
Median Price $342,000
$380,000
11
27
4
$11,270,018
23
$417,408
18
105
-6
52
-16
3.89
-10
$487,287
26
Properties Sold
26
Sales Volume $9,166,660
Average Sale Price
$352,562
Properties For Sale 112
Average Days on Market
62
Month’s Supply of Inventory 4.31
Average List Price
$386,452
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Jan. 2013
Jan. 2014
%Change
Median Price $500,000
$532,500
7
Properties Sold
55
Sales Volume $29,192,175
Average Sale Price
$529,621
Properties For Sale 139
Average Days on Market
54
Month’s Supply of Inventory 2.53
Average List Price
$531,144
36
-35
$21,633,450
-26
$600,929
13
126
-9
66
22
3.50
38
$678,248
28
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Jan. 2013
Jan. 2014
%Change
Median Price $247,500
$302,500
22
18
13
$5,613,000
39
$311,833
24
37
-33
29
-17
2.06
-40
$317,747
15
Properties Sold
16
Sales Volume $4,025,600
Average Sale Price
$251,600
Properties For Sale 55
Average Days on Market
35
Month’s Supply of Inventory 3.44
Average List Price
$276,861
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Jan. 2013
Jan. 2014
%Change
Median Price $330,000
$385,000
17
23
-15
$8,851,000
-6
$384,826
11
68
8
43
-20
2.96
27
$451,325
32
Properties Sold
27
Sales Volume $9,380,400
Average Sale Price
$347,422
Properties For Sale 63
Average Days on Market
54
Month’s Supply of Inventory 2.33
Average List Price
$342,040
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
Jan. 2013
Jan. 2014
%Change
Median Price $284,000
$310,000
9
Properties Sold
14
Sales Volume $4,101,900
Average Sale Price
$292,993
Properties For Sale 25
Average Days on Market
34
Month’s Supply of Inventory 1.79
Average List Price
$276,078
11
-21
$3,516,950
-14
$319,723
9
27
8
27
-21
2.45
37
$350,559
27
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Santa Clarita
Jan. 2013
Jan. 2014
Median Price n/a
n/a
n/a
n/a
n/a
n/a
Sales Volume $0
$0
0
n/a
n/a
0
Properties For Sale n/a
n/a
n/a
n/a
n/a
0.0
-100
$84,500
-76
Properties Sold
Average Sale Price
Average Days on Market
n/a
Month’s Supply of Inventory 4.00
Average List Price
$359,500
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Shadow Hills
Jan. 2013
Jan. 2014
%Change
Median Price $604,000
$1,025,000
70
3
200
$2,975,000
393
$991,667
64
5
-58
80
105
1.67
-86
Properties Sold
1
Sales Volume $604,000
Average Sale Price
$604,000
Properties For Sale 12
Average Days on Market
39
Month’s Supply of Inventory 12.00
Average List Price
$509,500
$533,000
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
5
Sherman Oaks
Jan. 2013
Jan. 2014
%Change
Median Price $783,500
$1,032,500
32
40
29
$42,386,575
58
$1,059,664
22
128
0
99
38
3.20
-23
$1,182,690
18
Properties Sold
31
Sales Volume $26,820,450
Average Sale Price
$865,176
Properties For Sale 128
Average Days on Market
72
Month’s Supply of Inventory 4.13
Average List Price
$1,004,690
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Jan. 2013
Jan. 2014
%Change
Median Price $745,000
$1,122,000
51
21
-5
$24,827,650
29
$1,182,269
35
84
1
54
-27
Properties Sold
22
Sales Volume $19,286,500
Average Sale Price
$876,659
Properties For Sale 83
Average Days on Market
74
Month’s Supply of Inventory 3.77
Average List Price
$1,418,395
4.00
6
$1,416,800
0
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
Jan. 2013
Jan. 2014
%Change
Median Price $290,000
$350,000
21
20
-20
Properties Sold
15
Sales Volume $4,751,000
Average Sale Price
$316,733
Properties For Sale 59
Average Days on Market
34
Month’s Supply of Inventory 3.93
Average List Price
$341,477
$4,868,500
2
$405,708
28
34
-42
82
141
2.83
-28
$402,347
18
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
Jan. 2013
Jan. 2014
%Change
Median Price $325,000
$375,000
15
47
62
$18,106,000
97
$385,234
22
77
-39
48
-45
1.64
-63
$387,752
15
Properties Sold
29
Sales Volume $9,181,400
Average Sale Price
$316,600
Properties For Sale 127
Average Days on Market
88
Month’s Supply of Inventory 4.38
Average List Price
$335,824
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Jan. 2013
Jan. 2014
%Change
Median Price $791,000
$867,125
10
20
11
$19,069,250
23
$953,463
11
97
-16
72
-19
3.85
-25
$1,177,532
16
Properties Sold
18
Sales Volume $15,474,000
Average Sale Price
$859,667
Properties For Sale 92
Average Days on Market
89
Month’s Supply of Inventory 5.11
Average List Price
$1,012,487
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Jan. 2013
Jan. 2014
%Change
Median Price $1,562,000
$1,147,500
-27
6
-50
$9,095,340
-51
$1,515,890
-2
18
-18
79
-33
3.00
64
$1,473,251
-18
Properties Sold
12
Sales Volume $18,656,134
Average Sale Price
$1,554,678
Properties For Sale 22
Average Days on Market
118
Month’s Supply of Inventory 1.83
Average List Price
$1,801,981
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
Jan. 2013
Jan. 2014
%Change
Median Price $511,500
$563,500
10
10
-23
$5,728,000
-17
Properties Sold
13
Sales Volume $6,885,750
Average Sale Price
$529,673
Properties For Sale 32
Average Days on Market
39
Month’s Supply of Inventory 2.46
Average List Price
$506,731
$572,800 21
-34
95
144
2.10
-15
$704,733
39
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8
Valley Village
Jan. 2013
Jan. 2014
%Change
Median Price $612,500
$751,000
23
12
50
$9,716,055
98
$809,671
32
27
-21
71
-16
2.25
-47
Properties Sold
8
Sales Volume $4,918,000
Average Sale Price
$614,750
Properties For Sale 34
Average Days on Market
85
Month’s Supply of Inventory 4.25
Average List Price
$743,106
$752,112
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
1
Van Nuys
Jan. 2013
Jan. 2014
%Change
Median Price $350,000
$429,500
23
24
-4
$9,627,400
11
$401,142
16
58
-33
63
-14
2.42
-30
$468,919
23
Properties Sold
25
Sales Volume $8,652,900
Average Sale Price
$346,116
Properties For Sale 86
Average Days on Market
73
Month’s Supply of Inventory 3.44
Average List Price
$382,105
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
Jan. 2013
Jan. 2014
%Change
Median Price $491,500
$520,000
6
27
0
$15,701,000
12
$581,519
12
90
-13
60
-5
3.33
-13
$675,532
26
Properties Sold
27
Sales Volume $14,031,090
Average Sale Price
$519,670
Properties For Sale 103
Average Days on Market
63
Month’s Supply of Inventory 3.81
Average List Price
$537,612
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Jan. 2013 Median Price $350,000
Jan. 2014
%Change
$397,500
14
Properties Sold 19 Sales Volume $6,670,650
18
-5
$7,414,500
11
Average Sale Price $351,087 Properties For Sale 53
$411,917
17
50
-6
Average Days on Market 81 Month’s Supply of Inventory 2.79
56
-31
Average List Price
$361,367
2.78
0
$445,089
23
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Jan. 2013
Jan. 2014
%Change
Median Price $570,000
$669,500
17
42
-40
$22,651,565
-35
Properties Sold
53
Sales Volume $34,656,300
Average Sale Price
$653,892
Properties For Sale 176
Average Days on Market
54
Month’s Supply of Inventory 3.32
Average List Price
$697,164
$707,861 158
-10
56
4
4.94
49
$777,607
12
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8
RODEO REALTY MARKETING DEPARTMENT