Local Market Report April 2017
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.
RodeoRE.com
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
Rodeo Realty RodeoRE.com
19
Arleta
April 2016
Median Price $431,000
Properties Sold
9
Sales Volume $3,746,900
Average Sale Price
$416,322
Properties For Sale 41
Average Days on Market
40
Months Supply of Inventory 5
Average List Price
$412,397
April 2017
%Change
$435,000
1%
13
44%
$5,417,500
45%
$416,731
0%
31
-24%
21
-48%
2
-60%
$397,371
-4%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
Dec 2015
Median Price $415,000
Properties Sold
5
Sales Volume $2,729,500
Average Sale Price
$545,900
Properties For Sale 40
Average Days on Market
141
Months Supply of Inventory 8
Average List Price
$1,058,021
Dec 2016 $1,470,000
254%
7
40%
$9,540,000
250%
$1,362,857
150%
35
-13%
128
-9%
5
-38%
$1,591,083
50%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Burbank
April 2016
Median Price $650,000
Properties Sold
83
Sales Volume $50,204,186
Average Sale Price
$604,870
Properties For Sale 302
Average Days on Market
59
Months Supply of Inventory 4
Average List Price
$632,973
April 2017
%Change
$640,000
-2%
94
13%
$58,890,790
17%
$626,498
4%
275
-9%
33
-44%
3
-25%
$683,366
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Calabasas
April 2016
Median Price $1,060,000
Properties Sold
50
Sales Volume $54,499,183
Average Sale Price
$1,089,984
Properties For Sale 291
Average Days on Market
56
Months Supply of Inventory 6
Average List Price
$1,354,825
April 2017
%Change
$840,000
-21%
39
-22%
$35,849,205
-34%
$919,210
-16%
263
-10%
52
-7%
7
17%
$1,104,448
-18%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
April 2016
Median Price $451,000
Properties Sold
39
Sales Volume $16,211,070
Average Sale Price
$426,607
Properties For Sale 210
Average Days on Market
47
Months Supply of Inventory 5
Average List Price
$523,005
April 2017
%Change
$495,000
10%
43
10%
$20,975,950
29%
$487,813
14%
176
-16%
41
-13%
4
-20%
$659,124
26%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
April 2016
Median Price $720,000
Properties Sold
67
Sales Volume $62,871,334
Average Sale Price
$938,378
Properties For Sale 351
Average Days on Market
50
Months Supply of Inventory 5
Average List Price
$1,320,993
April 2017
%Change
$480,000
-33%
68 $54,255,419
-14%
$809,782
-14%
330
-6%
55
10%
5
0%
$1,195,525
-9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
1%
Granada Hills
April 2016
Median Price $546,500
Properties Sold
50
Sales Volume $25,131,707
Average Sale Price
$502,634
Properties For Sale 173
Average Days on Market
54
Months Supply of Inventory 3
Average List Price
$529,791
April 2017
%Change
$530,000
-3%
44
-12%
$21,323,469
-15%
$484,624
-4%
164
-5%
32
-41%
4
33%
$576,036
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
April 2016
Median Price $1,154,750
Properties Sold
4
Sales Volume $7,218,000
Average Sale Price
$1,804,500
Properties For Sale 54
Average Days on Market
37
Months Supply of Inventory 14
Average List Price
$5,748,350
April 2017
%Change
$2,900,000
151%
3
-25%
$11,250,000
56%
$3,750,000
108%
43
-20%
192
419%
14
0%
$2,669,998
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-54%
Lake Balboa
April 2016
Median Price $516,000
Properties Sold
27
Sales Volume $11,741,471
Average Sale Price
$434,869
Properties For Sale 74
Average Days on Market
34
Months Supply of Inventory 3
Average List Price
$473,396
April 2017
%Change
$544,500
6%
22 $11,764,995
0%
$534,773
23%
76
3%
18
-47%
3
0%
$528,513
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-19%
Mission Hills
April 2016
Median Price $480,000
Properties Sold
10
Sales Volume $3,984,000
Average Sale Price
$398,400
Properties For Sale 45
Average Days on Market
30
Months Supply of Inventory 5
Average List Price
$395,934
April 2017
%Change
$485,000
1%
7
-30%
$3,132,300
-21%
$447,471
12%
21
-53%
26
-13%
3
-40%
$452,958
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
April 2016
Median Price $453,250
Properties Sold
26
Sales Volume $9,731,450
Average Sale Price
$374,287
Properties For Sale 128
Average Days on Market
38
Months Supply of Inventory 5
Average List Price
$515,321
April 2017
%Change
$525,000
16%
22
-15%
$9,681,360
-1%
$440,062
18%
91
-29%
28
-26%
4
-20%
$532,192
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
3%
North Hollywood
April 2016
Median Price $479,000
Properties Sold
73
Sales Volume $33,894,822
Average Sale Price
$464,313
Properties For Sale 269
Average Days on Market
47
Months Supply of Inventory 4
Average List Price
$638,607
April 2017
%Change
$475,000
-1%
62
-15%
$25,566,685
-25%
$412,366
-11%
234
-13%
42
-11%
4
0%
$782,930
23%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
April 2016
Median Price $565,000
Properties Sold
115
Sales Volume $55,318,160
Average Sale Price
$481,027
Properties For Sale 465
Average Days on Market
50
Months Supply of Inventory 4
Average List Price
$512,339
April 2017
%Change
$555,000
-2%
83
-28%
$45,686,267
-17%
$550,437
14%
335
-28%
40
-20%
4
0%
$624,276
22%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
April 2016
Median Price $389,500
Properties Sold
36
Sales Volume $13,141,300
Average Sale Price
$365,036
Properties For Sale 70
Average Days on Market
62
Months Supply of Inventory 2
Average List Price
$340,785
April 2017
%Change
$366,000
-6%
22
-39%
$7,271,750
-45%
$330,534
-9%
46
-34%
40
-35%
2
0%
$381,929
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
April 2016
Median Price $420,000
Properties Sold
43
Sales Volume $15,419,024
Average Sale Price
$358,582
Properties For Sale 173
Average Days on Market
39
Months Supply of Inventory 4
Average List Price
$480,225
April 2017
%Change
$457,500
9%
44
2%
$17,598,950
14%
$399,976
12%
127
-27%
42
8%
3
-25%
$456,404
-5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
April 2016
Median Price $410,000
Properties Sold
11
Sales Volume $4,249,800
Average Sale Price
$386,345
Properties For Sale 58
Average Days on Market
46
Months Supply of Inventory 5
Average List Price
$382,067
April 2017
%Change
$410,000
0%
15
36%
$4,943,544
16%
$329,570
-15%
47
-19%
35
-24%
3
-40%
$386,202
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
1%
Shadow Hills
April 2016
Median Price $705,000
Properties Sold
5
Sales Volume $3,486,000
Average Sale Price
$697,200
Properties For Sale 33
Average Days on Market
77
Months Supply of Inventory 7
Average List Price
$1,266,221
April 2017
%Change
$1,141,700
62%
6
20%
$6,958,400
100%
$1,159,733
66%
31
-6%
101
31%
5
-29%
$573,017
-55%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
April 2016 Median Price $770,000
April 2017
%Change
$676,500
-12%
Properties Sold 117 Sales Volume $104,146,100
108
-8%
$87,413,276
-16%
$809,382
-9%
460
-7%
46
-13%
4
0%
Average Sale Price
$890,138
Properties For Sale 492
Average Days on Market
53
Months Supply of Inventory 4
Average List Price
$970,167
$850,885
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-12%
Studio City
April 2016
Median Price $715,000
Properties Sold
67
Sales Volume $50,935,445
Average Sale Price
$760,231
Properties For Sale 306
Average Days on Market
48
Months Supply of Inventory 5
Average List Price
$1,009,210
April 2017
%Change
$785,000
10%
67
0%
$72,320,927
42%
$1,079,417
42%
309
1%
51
6%
5
0%
$975,827
-3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
April 2016
Median Price $425,000
Properties Sold
33
Sales Volume $11,542,255
Average Sale Price
$349,765
Properties For Sale 89
Average Days on Market
50
Months Supply of Inventory 3
Average List Price
$483,311
April 2017
%Change
$495,000
16%
23
-30%
$10,015,646
-13%
$435,463
25%
71
-20%
29
-42%
3
0%
$775,845
61%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
April 2016
Median Price $400,000
Properties Sold
67
Sales Volume $24,965,485
Average Sale Price
$372,619
Properties For Sale 211
Average Days on Market
48
Months Supply of Inventory 3
Average List Price
$438,431
April 2017
%Change
$460,000
15%
57
-15%
$28,229,668
13%
$495,257
33%
160
-24%
44
-8%
3
0%
$461,105
5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
April 2016
Median Price $472,500
Properties Sold
54
Sales Volume $34,667,810
Average Sale Price
$641,996
Properties For Sale 238
Average Days on Market
38
Months Supply of Inventory 4
Average List Price
$667,479
April 2017
%Change
$466,000
-1%
55
2%
$30,852,099
-11%
$560,947
-13%
215
-10%
65
71%
4
0%
$836,587
25%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
April 2016
Median Price $625,000
Properties Sold
19
Sales Volume $14,870,075
Average Sale Price
$782,636
Properties For Sale 75
Average Days on Market
35
Months Supply of Inventory 4
Average List Price
$976,721
April 2017
%Change
$483,000
-23%
14
-26%
$11,757,140
-21%
$839,796
7%
76
1%
23
-34%
5
25%
$1,089,084
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
April 2016
Median Price $628,500
Properties Sold
26
Sales Volume $15,843,437
Average Sale Price
$609,363
Properties For Sale 82
Average Days on Market
59
Months Supply of Inventory 3
Average List Price
$673,666
April 2017
%Change
$669,000
6%
31
19%
$20,981,170
32%
$676,812
11%
71
-13%
48
-19%
2
-33%
$603,225
-10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
April 2016
Median Price $800,000
Properties Sold
23
Sales Volume $17,800,475
Average Sale Price
$773,934
Properties For Sale 120
Average Days on Market
43
Months Supply of Inventory 5
Average List Price
$668,339
April 2017
%Change
$787,500
-2%
24
4%
$17,999,604
1%
$749,984
-3%
103
-14%
57
33%
4
-20%
$882,609
32%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
April 2016
Median Price $507,500
Properties Sold
59
Sales Volume $32,078,433
Average Sale Price
$543,702
Properties For Sale 165
Average Days on Market
51
Months Supply of Inventory 3
Average List Price
$635,163
April 2017
%Change
$375,000
-26%
55
-7%
$18,937,020
-41%
$357,302
-34%
147
-11%
36
-29%
3
0%
$471,331
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-26%
West Hills
April 2016
Median Price $549,000
Properties Sold
57
Sales Volume $27,479,893
Average Sale Price
$482,103
Properties For Sale 198
Average Days on Market
50
Months Supply of Inventory 3
Average List Price
$535,713
April 2017
%Change
$650,000
18%
55
-4%
$34,959,109
27%
$635,620
32%
179
-10%
47
-6%
3
0%
$602,458
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
April 2016
Median Price $482,000
Properties Sold
39
Sales Volume $15,974,803
Average Sale Price
$409,610
Properties For Sale 71
Average Days on Market
50
Months Supply of Inventory 2
Average List Price
$466,971
April 2017
%Change
$545,000
13%
23
-41%
$11,043,100
-31%
$480,135
17%
69
-3%
24
-52%
3
50%
$474,036
2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
April 2016
Median Price $735,000
Properties Sold
81
Sales Volume $51,031,903
Average Sale Price
$630,023
Properties For Sale 404
Average Days on Market
44
Months Supply of Inventory 5
Average List Price
$745,864
April 2017
%Change
$745,000
1%
93
15%
$70,929,346
39%
$762,681
21%
365
-10%
39
-11%
4
-20%
$829,013
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT