Local Market Report July 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
17
Burbank
4
Shadow Hills
18
Calabasas
5
Sherman Oaks
19
Chatsworth
6
Studio City
20
Encino
7
Sun Valley
21
Granada Hills
8
Sylmar
22
Hidden Hills
9
Tarzana
23
Lake Balboa
10
Toluca Lake
24
Mission Hills
11
Valley Glen
25
North Hills
12
Valley Village
26
North Hollywood
13
Van Nuys
27
Northridge
14
West Hills
28
Pacoima
15
Winnetka
29
Reseda
16
Woodland Hills
30
Rodeo Realty RodeoRE.com
Arleta
July 2012
July 2013
%Change
Median Price $275,000
$325,000
18
14
-42
Properties Sold
24
Sales Volume $6,478,754
Average Sale Price
$269,948
Properties For Sale 78
Average Days on Market
49
Month’s Supply of Inventory 3.25
Average List Price
$265,250
$4,450,000 $317,857
18
36
-54
24
-51
2.57
-21
$309,911
17
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-31
Burbank
July 2012
July 2013
%Change
Median Price $470,000
$595,000
27
57
-12
$36,169,500
12
$634,533
28
104
-41
36
-35
1.82
-33
$644,742
16
Properties Sold
65
Sales Volume $32,315,368
Average Sale Price
$497,160
Properties For Sale 177
Average Days on Market
55
Month’s Supply of Inventory 2.72
Average List Price
$555,333
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
July 2012
July 2013
%Change
Median Price $1,150,000
$1,064,000
-7
32
19
$39,564,900
11
$1,236,403
-6
120
-14
47
-39
3.75
-28
$1,620,752
-6
Properties Sold
27
Sales Volume $35,617,999
Average Sale Price
$1,319,185
Properties For Sale 140
Average Days on Market
77
Month’s Supply of Inventory 5.19
Average List Price
$1,718,083
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
July 2012
July 2013
%Change
Median Price $417,500
$535,000
28
29
-9
$18,444,594
21
$636,020
34
65
-43
71
-22
2.24
-37
$651,652
19
Properties Sold
32
Sales Volume $15,182,000
Average Sale Price
$474,438
Properties For Sale 114
Average Days on Market
91
Month’s Supply of Inventory 3.56
Average List Price
$547,320
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
July 2012
July 2013
%Change
Median Price $742,500
$875,000
18
49
69
$50,824,260
103
$1,037,230
20
127
-27
41
-44
2.59
-57
$1,312,948
51
Properties Sold
29
Sales Volume $25,039,699
Average Sale Price
$863,438
Properties For Sale 175
Average Days on Market
73
Month’s Supply of Inventory 6.03
Average List Price
$867,887
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
July 2012
July 2013
%Change
Median Price $400,000
$485,000
21
39
-7
$19,482,980
3
$499,562
11
98
-37
39
-45
2.51
-32
Properties Sold
42
Sales Volume $18,941,800
Average Sale Price
$450,995
Properties For Sale 155
Average Days on Market
71
Month’s Supply of Inventory 3.69
Average List Price
$476,853
$511,155
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7
Hidden Hills
July 2012
July 2013
%Change
Median Price $2,300,000
$2,100,000
-9
1
-80
$2,100,000
-83
$2,100,000
-15
Properties Sold
5
Sales Volume $12,300,000
Average Sale Price
$2,460,000
Properties For Sale 29
30
3
129
174
35
Month’s Supply of Inventory 5.80
30.0
417
Average Days on Market
Average List Price
$4,168,167
$4,198,750
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
1
Lake Balboa
July 2012
July 2013
%Change
Median Price $350,000
$450,000
29
24
14
$10,399,567
37
$433,315
20
33
38
29
-54
1.38
21
$484,456
32
Properties Sold
21
Sales Volume $7,602,999
Average Sale Price
$362,048
Properties For Sale 24
Average Days on Market
63
Month’s Supply of Inventory 1.14
Average List Price
$368,247
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
July 2012
July 2013
%Change
Median Price $330,000
$275,000
-17
5
-44
Properties Sold
9
Sales Volume $2,625,000
Average Sale Price
$291,667
Properties For Sale 44
Average Days on Market
70
Month’s Supply of Inventory 4.89
Average List Price
$305,766
$1,606,000
-39
$321,200
10
15
-66
13
-81
3.00
-39
$374,268
22
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
July 2012
July 2013
%Change
Median Price $340,000
$390,000
15
19
0
$7,314,000
16
$384,947
16
46
-51
40
-58
2.42
-51
$413,724
17
Properties Sold
19
Sales Volume $6,319,000
Average Sale Price
$332,579
Properties For Sale 94
Average Days on Market
96
Month’s Supply of Inventory 4.95
Average List Price
$352,482
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
July 2012
July 2013
%Change
Median Price $307,500
$368,375
20
49
-4
Properties Sold
51
Sales Volume $15,544,799
Average Sale Price
$304,800
Properties For Sale 188
Average Days on Market
66
Month’s Supply of Inventory 3.69
Average List Price
$336,442
$19,404,976
25
$396,020
30
87
-54
40
-39
1.78
-52
$443,699
32
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
July 2012
July 2013
Median Price $500,000
$500,000
Properties Sold
72
Sales Volume $36,652,788
Average Sale Price
$509,067
Properties For Sale 267
Average Days on Market
78
Month’s Supply of Inventory 3.71
Average List Price
$521,725
49
0 -32
$29,646,300
-19
$605,027
19
159
-40
43
-45
3.24
-13
$639,207
23
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Pacoima
July 2012
July 2013
%Change
Median Price $230,000
$308,500
34
22
-33
$6,329,500
-17
$287,705
24
39
-66
57
-41
1.77
-49
$297,322
18
Properties Sold
33
Sales Volume $7,668,773
Average Sale Price
$232,387
Properties For Sale 114
Average Days on Market
96
Month’s Supply of Inventory 3.45
Average List Price
$253,012
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
July 2012
July 2013
%Change
Median Price $287,980
$395,000
37
30
-35
$11,882,625
-13
$396,088
33
82
-46
26
-67
2.73
-17
$394,330
23
Properties Sold
46
Sales Volume $13,732,577
Average Sale Price
$298,534
Properties For Sale 152
Average Days on Market
78
Month’s Supply of Inventory 3.30
Average List Price
$320,239
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
July 2012
July 2013
%Change
Median Price $230,000
$306,250
33
16
-24
Properties Sold
21
Sales Volume $4,795,899
Average Sale Price
$228,376
Properties For Sale 47
Average Days on Market
70
Month’s Supply of Inventory 2.24
Average List Price
$251,233
$4,915,500
2
$307,219
35
18
-62
89
27
1.13
-50
$321,769
28
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
July 2012
July 2013
%Change
Median Price $760,000
$590,000
-22
5
400
$3,350,100
341
$670,020
-12
21
-25
44
-34
4.20
-85
Properties Sold
1
Sales Volume $760,000
Average Sale Price
$760,000
Properties For Sale 28
Average Days on Market
67
Month’s Supply of Inventory 28.00
Average List Price
$622,200
$656,125
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
5
Sherman Oaks
July 2012
July 2013
%Change
Median Price $697,000
$810,000
16
73
22
$65,969,187
35
$903,687
11
166
-22
48
-30
2.27
-36
Properties Sold
60
Sales Volume $48,907,724
Average Sale Price
$815,129
Properties For Sale 213
Average Days on Market
69
Month’s Supply of Inventory 3.55
Average List Price
$918,095
$921,766
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0
Studio City
July 2012
July 2013
%Change
Median Price $897,500
$950,000
6
27
-4
$34,101,710
24
$1,263,026
29
112
-2
53
-38
Properties Sold
28
Sales Volume $27,473,626
Average Sale Price
$981,201
Properties For Sale 114
Average Days on Market
85
Month’s Supply of Inventory 4.07
Average List Price
$1,571,996
4.15 $1,351,772
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2 -14
Sun Valley
July 2012
July 2013
%Change
Median Price $265,000
$360,000
36
30
58
$11,674,000
108
$389,133
32
45
-46
66
-20
1.50
-66
$462,790
54
Properties Sold
19
Sales Volume $5,611,848
Average Sale Price
$295,360
Properties For Sale 84
Average Days on Market
83
Month’s Supply of Inventory 4.42
Average List Price
$300,010
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
July 2012
July 2013
%Change
Median Price $300,000
$351,975
17
38
-39
$13,704,854
-26
$360,654
21
108
-50
55
-7
2.84
-18
$392,273
26
Properties Sold
62
Sales Volume $18,437,759
Average Sale Price
$297,383
Properties For Sale 214
Average Days on Market
59
Month’s Supply of Inventory 3.45
Average List Price
$310,857
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
July 2012
July 2013
%Change
Median Price $694,500
$884,500
27
30
25
$27,286,260
50
$909,542
20
90
-36
64
-42
3.00
-49
Properties Sold
24
Sales Volume $18,231,000
Average Sale Price
$759,625
Properties For Sale 141
Average Days on Market
111
Month’s Supply of Inventory 5.88
Average List Price
$983,250
$993,083
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
1
Toluca Lake
July 2012
July 2013
%Change
Median Price $880,000
$820,000
-7
5
-44
$5,519,000
-34
$1,103,800
19
25
-39
49
-48
5.00
12
$1,685,875
31
Properties Sold
9
Sales Volume $8,368,000
Average Sale Price
$929,778
Properties For Sale 41
Average Days on Market
94
Month’s Supply of Inventory 4.45
Average List Price
$1,286,330
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
July 2012
July 2013
%Change
Median Price $490,000
$570,000
16
12
-14
Properties Sold
14
Sales Volume $7,172,790
Average Sale Price
$512,342
Properties For Sale 33
Average Days on Market
44
Month’s Supply of Inventory 2.36
Average List Price
$549,562
$7,231,868
1
$602,656
18
40
21
43
-2
3.33
41
$682,268
24
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
July 2012
July 2013
%Change
Median Price $732,000
$745,000
2
Properties Sold
10
Sales Volume $7,017,000
Average Sale Price
$701,700
Properties For Sale 55
Average Days on Market
46
Month’s Supply of Inventory 5.50
Average List Price
$649,858
22 $17,086,000
143
$776,636
11
41
-25
35
-24
1.86
-66
$815,642
26
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
120
Van Nuys
July 2012
July 2013
%Change
Median Price $325,000
$401,000
23
31
-24
$12,750,000
-8
$411,290
22
62
-55
46
-33
2.00
-41
$451,639
39
Properties Sold
41
Sales Volume $13,834,229
Average Sale Price
$337,420
Properties For Sale 139
Average Days on Market
69
Month’s Supply of Inventory 3.39
Average List Price
$324,642
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
July 2012
July 2013
%Change
Median Price $431,500
$536,250
24
42
0
$24,352,950
25
$579,832
25
94
-47
38
-42
2.24
-47
Properties Sold
42
Sales Volume $19,434,319
Average Sale Price
$462,699
Properties For Sale 178
Average Days on Market
65
Month’s Supply of Inventory 4.24
Average List Price
$578,673
$611,603
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6
Winnetka
July 2012 Median Price $336,000
July 2013
%Change
$411,500
22
Properties Sold 31 Sales Volume $10,863,900
22
-29
$9,034,400
-17
Average Sale Price $350,448 Properties For Sale 100
$410,655
17
78
-22
Average Days on Market 63 Month’s Supply of Inventory 3.23
47
-25
3.55
10
$425,052
22
Average List Price
$347,112
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
July 2012
July 2013
%Change
Median Price $530,500
$650,500
23
70
6
$48,640,900
27
$694,870
19
197
-29
46
-25
2.81
-34
$854,887
34
Properties Sold
66
Sales Volume $38,412,500
Average Sale Price
$582,008
Properties For Sale 279
Average Days on Market
61
Month’s Supply of Inventory 4.23
Average List Price
$636,187
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT