Local Market Report June 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
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
Jun. 2013
Jun. 2014
%Change
Median Price $334,000
$370,000
11%
15
-17%
$5,320,000
-8%
$354,667
10%
40
3%
43
13%
2.67
23%
$391,117
14%
Properties Sold
18
Sales Volume $5,800,875
Average Sale Price
$322,271
Properties For Sale 39
Average Days on Market
38
Months Supply of Inventory 2.17
Average List Price
$344,265
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
Jun. 2013
Jun. 2014
Median Price $1,077,500
$1,725,000
60%
1
-75%
$1,725,000
-62%
$1,725,000
50%
30
50%
295
427%
30.00
500%
$1,954,600
38%
Properties Sold
4
Sales Volume $4,595,000
Average Sale Price
$1,148,750
Properties For Sale 20
Average Days on Market
56
Months Supply of Inventory 5.00
Average List Price
$1,419,250
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Burbank
Jun. 2013
Jun. 2014
%Change
Median Price $589,500
$653,500
11%
44
-35%
$32,628,804
-24%
$741,564
18%
128
21%
43
0%
2.91
87%
$708,658
-5%
Properties Sold
68
Sales Volume $42,655,529
Average Sale Price
$627,287
Properties For Sale 106
Average Days on Market
43
Months Supply of Inventory 1.56
Average List Price
$748,251
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
Jun. 2013
Jun. 2014
%Change
Median Price $1,000,000
$1,010,000
1%
Properties Sold
33
Sales Volume $46,287,000
Average Sale Price
$1,402,636
Properties For Sale 121
Average Days on Market
63
Months Supply of Inventory 3.67
Average List Price
$2,165,742
29
-12%
$36,321,125
-22%
$1,252,453
-11%
137
13%
55
-13%
4.72
29%
$1,822,441
-16%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
Jun. 2013
Jun. 2014
%Change
Median Price $540,000
$600,000
11%
17
-11%
Properties Sold
19
Sales Volume $10,971,500
Average Sale Price
$577,447
Properties For Sale 83
Average Days on Market
42
Months Supply of Inventory 4.37
Average List Price
$584,794
$11,033,034
1%
$649,002
12%
91
10%
47
12%
5.35
22%
$782,237
34%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Jun. 2013
Jun. 2014
%Change
Median Price $785,000
$949,000
21%
49
7%
$53,951,750
13%
$1,101,056
6%
153
9%
53
26%
3.12
3%
$1,307,687
1%
Properties Sold
46
Sales Volume $47,713,700
Average Sale Price
$1,037,254
Properties For Sale 140
Average Days on Market
42
Months Supply of Inventory 3.04
Average List Price
$1,295,758
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Jun. 2013
Jun. 2014
%Change
Median Price $460,000
$525,000
14%
41
-24%
$23,097,336
-15%
$563,350
12%
111
-8%
51
-16%
2.71
22%
$699,033
28%
Properties Sold
54
Sales Volume $27,210,575
Average Sale Price
$503,900
Properties For Sale 120
Average Days on Market
61
Months Supply of Inventory 2.22
Average List Price
$546,575
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Jun. 2013
Jun. 2014
%Change
Median Price $3,092,500
$2,347,500
-24%
2
-67%
$4,695,000
-81%
$2,347,500
-43%
34
-6%
121
-22%
17.00
183%
$5,047,273
103%
Properties Sold
6
Sales Volume $24,835,000
Average Sale Price
$4,139,167
Properties For Sale 36
Average Days on Market
155
Months Supply of Inventory 6.00
Average List Price
$2,486,500
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
Jun. 2013
Jun. 2014
%Change
Median Price $435,000
$435,000
0%
Properties Sold
21
Sales Volume $9,239,900
Average Sale Price
$439,995
Properties For Sale 34
Average Days on Market
28
Months Supply of Inventory 1.62
Average List Price
$459,239
15
-29%
$6,513,000
-30%
$434,200
-1%
48
41%
52
86%
3.20
98%
$527,564
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
Jun. 2013
Jun. 2014
%Change
Median Price $377,500
$386,500
2%
12
0%
$4,758,000
3%
$396,500
3%
23
44%
33
-21%
1.92
44%
$412,991
24%
Properties Sold
12
Sales Volume $4,636,500
Average Sale Price
$386,375
Properties For Sale 16
Average Days on Market
42
Months Supply of Inventory 1.33
Average List Price
$333,464
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
Jun. 2013
Jun. 2014
%Change
Median Price $410,000
$442,500
8%
Properties Sold
18
Sales Volume $7,147,000
Average Sale Price
$397,056
Properties For Sale 49
Average Days on Market
32
Months Supply of Inventory 2.72
Average List Price
$418,632
16
-11%
$7,053,000
-1%
$440,813
11%
59
20%
45
41%
3.69
36%
$482,916
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
Jun. 2013
Jun. 2014
%Change
Median Price $413,000
$437,000
6%
57
78%
$25,928,602
91%
$454,888
7%
102
-2%
54
29%
1.79
-45%
$528,997
16%
Properties Sold
32
Sales Volume $13,594,250
Average Sale Price
$424,820
Properties For Sale 104
Average Days on Market
42
Months Supply of Inventory 3.25
Average List Price
$456,781
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Jun. 2013
Jun. 2014
%Change
Median Price $568,450
$627,500
10%
61
-26%
$39,590,650
-16%
$649,027
12%
203
17%
52
24%
3.33
58%
$654,258
7%
Properties Sold
82
Sales Volume $47,321,988
Average Sale Price
$577,097
Properties For Sale 173
Average Days on Market
42
Months Supply of Inventory 2.11
Average List Price
$613,491
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Jun. 2013
Jun. 2014
%Change
Median Price $285,500
$347,000
22%
15
-25%
$5,165,000
-8%
$344,333
22%
38
-32%
64
60%
2.53
-10%
Properties Sold
20
Sales Volume $5,633,300
Average Sale Price
$281,665
Properties For Sale 56
Average Days on Market
40
Months Supply of Inventory 2.80
Average List Price
$311,088
$316,449
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Reseda
Jun. 2013
Jun. 2014
%Change
Median Price $385,000
$408,250
6%
34
3%
$13,934,175
11%
$409,829
8%
88
2%
$48
78%
2.59
-1%
$433,786
2%
Properties Sold
33
Sales Volume $12,503,160
Average Sale Price
$378,884
Properties For Sale 86
Average Days on Market
27
Months Supply of Inventory 2.61
Average List Price
$425,088
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
Jun. 2013
Jun. 2014
%Change
Median Price $251,000
$309,250
23%
6
-45%
$1,899,500
-30%
$316,583
28%
34
55%
$55
150%
5.67
184%
$368,941
27%
Properties Sold
11
Sales Volume $2,727,400
Average Sale Price
$247,945
Properties For Sale 22
Average Days on Market
22
Months Supply of Inventory 2.00
Average List Price
$291,193
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
Jun. 2013
Jun. 2014
%Change
Median Price $575,000
$562,500
-2%
4
0%
$2,282,000
-4%
$570,500
-4%
16
-33%
76
46%
4.00
-33%
$754,969
-8%
Properties Sold
4
Sales Volume $2,380,000
Average Sale Price
$595,000
Properties For Sale 24
Average Days on Market
52
Months Supply of Inventory 6.00
Average List Price
$819,643
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
Jun. 2013
Jun. 2014
%Change
Median Price $774,500
$900,000
16%
49
-23%
$50,288,824
-19%
$1,026,303
6%
191
3%
56
10%
3.90
35%
$1,126,434
7%
Properties Sold
64
Sales Volume $62,124,707
Average Sale Price
$970,699
Properties For Sale 185
Average Days on Market
51
Months Supply of Inventory 2.89
Average List Price
$1,048,278
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Jun. 2013
Jun. 2014
%Change
Median Price $965,000
$1,195,000
24%
41
37%
$57,251,059
85%
$1,396,367
36%
99
-14%
46
21%
2.41
-37%
$1,528,786
22%
Properties Sold
30
Sales Volume $30,909,488
Average Sale Price
$1,030,316
Properties For Sale 115
Average Days on Market
38
Months Supply of Inventory 3.83
Average List Price
$1,248,102
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
Jun. 2013
Jun. 2014
%Change
Median Price $362,000
$385,000
6%
23
44%
$9,565,700
62%
$415,900
12%
61
17%
53
10%
2.65
-18%
$441,777
10%
Properties Sold
16
Sales Volume $5,923,000
Average Sale Price
$370,188
Properties For Sale 52
Average Days on Market
48
Months Supply of Inventory 3.25
Average List Price
$400,685
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
Jun. 2013
Jun. 2014
%Change
Median Price $366,250
$402,450
10%
30
-21%
$11,933,100
-13%
$397,770
10%
88
-21%
45
29%
2.93
0%
$424,447
17%
Properties Sold
38
Sales Volume $13,727,110
Average Sale Price
$361,240
Properties For Sale 111
Average Days on Market
35
Months Supply of Inventory 2.92
Average List Price
$364,042
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Jun. 2013
Jun. 2014
%Change
Median Price $820,000
$790,000
-4%
27
-34%
$24,136,750
-33%
Properties Sold
41
Sales Volume $35,940,642
Average Sale Price
$876,601
Properties For Sale 107
Average Days on Market
63
Months Supply of Inventory 2.61
Average List Price
$991,302
$893,954
2%
115
7%
61
-3%
4.26
63%
$1,100,042
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Jun. 2013
Jun. 2014
%Change
Median Price $1,020,000
$2,415,000
137%
Properties Sold
5
Sales Volume $8,375,000
Average Sale Price
$1,675,000
Properties For Sale 27
Average Days on Market
50
Months Supply of Inventory 5.40
Average List Price
$1,526,167
5
0%
$11,670,000
39%
$2,334,000
39%
27
0%
130
160%
5.40
0%
$1,983,681
30%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
Jun. 2013
Jun. 2014
%Change
Median Price $580,000
$585,000
1%
13
-7%
$9,721,000
7%
$747,769
16%
37
-21%
47
-24%
2.85
-15%
Properties Sold
14
Sales Volume $9,047,500
Average Sale Price
$646,250
Properties For Sale 47
Average Days on Market
62
Months Supply of Inventory 3.36
Average List Price
$602,153
$651,177
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Valley Village
Jun. 2013
Jun. 2014
%Change
Median Price $732,500
$757,500
3%
Properties Sold
14
Sales Volume $10,270,500
Average Sale Price
$733,607
Properties For Sale 47
Average Days on Market
57
Months Supply of Inventory 3.36
Average List Price
$713,664
12
-14%
$11,373,500
11%
$947,792
29%
32
-32%
50
-12%
2.67
-21%
$1,045,977
47%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Jun. 2013
Jun. 2014
%Change
Median Price $395,000
$420,000
6%
32
19%
$13,495,028
26%
$421,720
6%
84
-2%
67
72%
2.63
-18%
$468,040
15%
Properties Sold
27
Sales Volume $10,723,500
Average Sale Price
$397,167
Properties For Sale 86
Average Days on Market
39
Months Supply of Inventory 3.19
Average List Price
$407,275
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
Jun. 2013
Jun. 2014
%Change
Median Price $524,000
$600,000
15%
35
-30%
$21,988,200
-19%
$628,234
16%
113
4%
59
11%
3.23
48%
$631,828
6%
Properties Sold
50
Sales Volume $27,099,501
Average Sale Price
$541,990
Properties For Sale 109
Average Days on Market
53
Months Supply of Inventory 2.18
Average List Price
$596,817
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Jun. 2013 Median Price $388,750
Jun. 2014
%Change
$439,000
13%
Properties Sold 18 Sales Volume $6,851,299
31
72%
$13,339,800
95%
Average Sale Price $380,628 Properties For Sale 77
$430,316
13%
62
-19%
Average Days on Market 34 Months Supply of Inventory 4.28
49
44%
2.00
-53%
$471,705
11%
Average List Price
$423,180
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Jun. 2013
Jun. 2014
%Change
Median Price $664,500
$670,000
1%
69
-1%
$52,460,617
6%
$760,299
7%
212
3%
64
8%
3.07
4%
$874,097
13%
Properties Sold
70
Sales Volume $49,603,388
Average Sale Price
$708,620
Properties For Sale 206
Average Days on Market
59
Months Supply of Inventory 2.94
Average List Price
$775,346
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT