Local Market Report
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
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Arleta
June 2012
June 2013
Median Price $250,000
$333,000
33
17
0
Properties Sold
17
Sales Volume $4,279,800
Average Sale Price
$251,753
Properties For Sale 82
Average Days on Market
84
Month’s Supply of Inventory 4.82
Average List Price
$268,220
$5,448,875
27
$320,522
27
30
-63
39
-54
1.76
-63
$336,912
26
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Burbank
June 2012
June 2013
Median Price $544,500
$590,000
8
67
-1
$42,205,529
15
$629,933
16
93
-48
40
-33
1.39
-48
$726,566
36
Properties Sold
68
Sales Volume $36,841,882
Average Sale Price
$541,792
Properties For Sale 180
Average Days on Market
60
Month’s Supply of Inventory 2.65
Average List Price
$532,430
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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%Change
Calabasas
June 2012
June 2013
%Change
Median Price $1,060,000
$1,000,000
-6
33
6
$46,287,000
11
$1,402,636
4
Properties Sold
31
Sales Volume $41,763,450
Average Sale Price
$1,347,208
Properties For Sale 160
Average Days on Market
122
Month’s Supply of Inventory 5.16
Average List Price
$1,398,304
109
-32
63
-48
3.30
-36
$2,201,483
57
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
June 2012
June 2013
Median Price $388,500
$540,000
39
19
-41
$10,971,500
-20
$577,477
35
70
-40
42
-48
Properties Sold
32
Sales Volume $13,653,820
Average Sale Price
$426,682
Properties For Sale 116
Average Days on Market
81
Month’s Supply of Inventory 3.63
Average List Price
$450,232
3.68
1
$584,617
30
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Encino
June 2012
June 2013
Median Price $760,000
$795,000
5
45
13
$47,108,700
21
$1,046,860
7
Properties Sold
40
Sales Volume $39,073,000
Average Sale Price
$976,825
Properties For Sale 177
Average Days on Market
48
Month’s Supply of Inventory 4.43
Average List Price
$1,174,676
126
-29
43
-10
2.80
-37
$1,310,761
12
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Granada Hills
June 2012
June 2013
Median Price $400,000
$460,000
15
54
32
$27,259,575
50
$504,807
14
96
-42
61
22
1.78
-56
$547,256
19
Properties Sold
41
Sales Volume $18,154,594
Average Sale Price
$442,995
Properties For Sale 166
Average Days on Market
50
Month’s Supply of Inventory 4.05
Average List Price
$461,253
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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%Change
Hidden Hills
June 2012
June 2013
%Change
Median Price $2,299,950
$3,092,500
34
6
500
$24,835,000
980
$4,139,167
80
34
3
155
172
5.67
-83
$2,511,786
-11
Properties Sold
1
Sales Volume $2,299,950
Average Sale Price
$2,299,950
Properties For Sale 33
Average Days on Market
57
Month’s Supply of Inventory 33.00
Average List Price
$2,823,583
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
June 2012
June 2013
Median Price $334,500
$435,000
30
21
-5
$9,239,900
20
$439,995
26
32
-22
28
-56
1.52
-18
$461,382
34
Properties Sold
22
Sales Volume $7,687,600
Average Sale Price
$349,436
Properties For Sale 41
Average Days on Market
63
Month’s Supply of Inventory 1.86
Average List Price
$344,371
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Mission Hills
June 2012
June 2013
Median Price $276,500
$377,500
37
12
-45
Properties Sold
22
Sales Volume $6,358,800
Average Sale Price
$289,036
Properties For Sale 43
Average Days on Market
54
Month’s Supply of Inventory 1.95
Average List Price
$302,874
$4,636,500
-27
$366,375
34
14
-67
42
-22
1.17
-40
$333,464
10
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
North Hills
June 2012
June 2013
Median Price $322,000
$410,000
27
18
-42
$6,903,113
-29
$383,506
23
47
-50
32
-52
2.61
-14
$415,811
11
Properties Sold
31
Sales Volume $9,964,417
Average Sale Price
$311,755
Properties For Sale 94
Average Days on Market
66
Month’s Supply of Inventory 3.03
Average List Price
$373,022
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
North Hollywood
June 2012
June 2013
Median Price $300,000
$413,000
38
32
-42
$13,439,250
-22
$419,977
34
87
-58
38
-41
2.72
-28
$467,606
44
Properties Sold
55
Sales Volume $17,299,850
Average Sale Price
$314,543
Properties For Sale 207
Average Days on Market
64
Month’s Supply of Inventory 3.76
Average List Price
$324,343
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Northridge
June 2012
June 2013
Median Price $454,000
$568,450
25
82
39
$47,346,988
72
$577,402
24
141
-53
42
-35
1.72
-66
$610,632
17
Properties Sold
59
Sales Volume $27,574,507
Average Sale Price
$467,365
Properties For Sale 297
Average Days on Market
65
Month’s Supply of Inventory 5.03
Average List Price
$520,277
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Pacoima
June 2012
June 2013
Median Price $246,000
$282,500
15
22
-15
$6,073,300
-1
$276,059
17
38
-64
39
-24
1.73
-57
$308,368
23
Properties Sold
26
Sales Volume $6,121,539
Average Sale Price
$235,444
Properties For Sale 105
Average Days on Market
51
Month’s Supply of Inventory 4.04
Average List Price
$249,819
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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%Change
Reseda
June 2012
June 2013
Median Price $276,250
$385,000
39
33
-37
$12,458,160
-18
$377,520
30
72
-56
24
-65
2.18
-30
$431,989
37
Properties Sold
52
Sales Volume $15,121,185
Average Sale Price
$290,792
Properties For Sale 163
Average Days on Market
69
Month’s Supply of Inventory 3.13
Average List Price
$314,554
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
San Fernando
June 2012
June 2013
Median Price $257,000
$251,000
-2
Properties Sold
11
-27
Sales Volume $3,729,800
$2,727,400
-27
Average Sale Price
$247,945
15
$248,653
%Change
0
Properties For Sale 53
16
-70
Average Days on Market
22
-60
Month’s Supply of Inventory 3.53
1.45
-59
Average List Price
$291,193
23
55
$237,697
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
June 2012
June 2013
Median Price $687,450
$575,000
-16
4
100
$2,380,000
73
$595,000
-13
22
-24
52
174
5.50
-62
$890,325
28
Properties Sold
2
Sales Volume $1,374,900
Average Sale Price
$687,450
Properties For Sale 29
Average Days on Market
19
Month’s Supply of Inventory 14.50
Average List Price
$694,129
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Sherman Oaks
June 2012
June 2013
Median Price $704,000
$774,500
10
64
-3
Properties Sold
66
Sales Volume $49,141,811
Average Sale Price
$744,573
Properties For Sale 220
Average Days on Market
76
Month’s Supply of Inventory 3.33
Average List Price
$865,703
$62,114,707
26
$970,542
30
170
-23
51
-33
2.66
-20
$1,065,084
23
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Studio City
June 2012
June 2013
Median Price $849,500
$965,000
14
30
-6
$30,909,488
-10
$1,030,316
-4
106
-14
38
-53
3.53
-8
$1,207,474
-3
Properties Sold
32
Sales Volume $34,206,220
Average Sale Price
$1,068,944
Properties For Sale 123
Average Days on Market
81
Month’s Supply of Inventory 3.84
Average List Price
$1,249,427
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Sun Valley
June 2012
June 2013
Median Price $258,000
$362,000
40
16
-24
$5,923,000
-1
$370,188
30
45
-44
48
30
2.81
-26
$409,435
34
Properties Sold
21
Sales Volume $5,969,708
Average Sale Price
$284,272
Properties For Sale 80
Average Days on Market
37
Month’s Supply of Inventory 3.81
Average List Price
$305,247
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Sylmar
June 2012
June 2013
Median Price $281,000
$364,750
30
40
-35
$14,345,110
-20
$358,628
24
91
-62
34
-57
2.28
-40
$370,874
19
Properties Sold
62
Sales Volume $17,945,216
Average Sale Price
$289,439
Properties For Sale 237
Average Days on Market
79
Month’s Supply of Inventory 3.82
Average List Price
$311,015
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Tarzana
June 2012
June 2013
Median Price $512,500
$821,708
60
40
18
$35,465,616
66
$886,640
41
92
-36
58
-27
2.30
-45
Properties Sold
34
Sales Volume $21,380,500
Average Sale Price
$628,838
Properties For Sale 143
Average Days on Market
79
Month’s Supply of Inventory 4.21
Average List Price
$926,412
$1,003,454
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
8
Toluca Lake
Sept 2011
Sept 2012
%Change
Median Price $680,000
$1,020,000
50
5
-29
$8,375,000
78
$1,675,000
149
27
-40
50
2
Properties Sold
7
Sales Volume $4,705,000
Average Sale Price
$672,143
Properties For Sale 45
Average Days on Market
49
Month’s Supply of Inventory 6.43
Average List Price
$1,046,145
5.40
-16
$1,565,750
50
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
June 2012
June 2013
Median Price $480,000
$580,000
21
14
17
$9,047,500
38
$646,250
19
43
59
62
-18
3.07
36
$580,498
16
Properties Sold
12
Sales Volume $6,538,800
Average Sale Price
$544,900
Properties For Sale 27
Average Days on Market
76
Month’s Supply of Inventory 2.25
Average List Price
$498,600
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Valley Village
June 2012
June 2013
Median Price $630,000
$735,000
17
13
-13
Properties Sold
15
Sales Volume $10,674,699
Average Sale Price
$711,647
Properties For Sale 50
Average Days on Market
66
Month’s Supply of Inventory 3.33
Average List Price
$736,644
$9,712,500
-9
$747,808
5
46
-8
59
-11
3.54
6
$738,196
0
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Van Nuys
June 2012
June 2013
Median Price $317,500
$392,500
24
26
-38
$10,263,500
-28
$394,750
16
67
-53
37
-38
2.58
-24
$406,035
25
Properties Sold
42
Sales Volume $14,329,124
Average Sale Price
$341,170
Properties For Sale 143
Average Days on Market
60
Month’s Supply of Inventory 3.4
Average List Price
$325,389
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
West Hills
June 2012
June 2013
Median Price $414,000
$524,000
27
50
19
$27,099,501
39
$541,990
17
99
-42
53
-9
1.98
-52
$598,378
24
Properties Sold
42
Sales Volume $19,433,377
Average Sale Price
$462,699
Properties For Sale 172
Average Days on Market
58
Month’s Supply of Inventory 4.10
Average List Price
$484,457
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Winnetka
June 2012 Median Price $331,500
June 2013
%Change
$388,750
17
Properties Sold 32 Sales Volume $10,516,526
18
-44
$6,851,299
-35
Average Sale Price $328,641 Properties For Sale 114
$380,628
16
64
-44
Average Days on Market 38 Month’s Supply of Inventory 3.56
34
-11
Average List Price
$360,298
3.56
0
$428,014
19
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
June 2012
June 2013
Median Price $530,000
$660,000
25
69
10
$48,694,388
36
$705,716
24
182
-37
58
-13
2.64
-42
$798,058
28
Properties Sold
63
Sales Volume $35,923,699
Average Sale Price
$570,217
Properties For Sale 287
Average Days on Market
67
Month’s Supply of Inventory 4.56
Average List Price
$625,715
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
RODEO REALTY MARKETING DEPARTMENT