Local Market Report December 2016
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 18
4
San Fernando Shadow Hills
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
Arleta
3
Bell Canyon
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19
Arleta
Dec 2015
Dec 2016
%Change
Median Price $401,000
$435,000
8%
17
70%
$7,218,000
78%
$424,588
5%
Properties Sold
10
Sales Volume $4,062,499
Average Sale Price
$406,250
Properties For Sale 34
Average Days on Market
50
Months Supply of Inventory 3
Average List Price
$439,663
23
-32%
46
-8%
1
-67%
$467,250
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6%
Bell Canyon
Dec 2015
Dec 2016
%Change
Median Price $470,000
$876,625
87%
2
-60%
$1,753,250
-34%
$876,625
65%
36
6%
83
14%
18
157%
$924,875
-35%
Properties Sold
5
Sales Volume $2,660,295
Average Sale Price
$532,059
Properties For Sale 34
Average Days on Market
73
Months Supply of Inventory 7
Average List Price
$1,427,400
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
Dec 2015
Dec 2016
%Change
Median Price $673,750
$646,500
-4%
84
-7%
Properties Sold
90
Sales Volume $55,770,555
Average Sale Price
$619,673
Properties For Sale 90
Average Days on Market
49
Months Supply of Inventory 3
Average List Price
$586,709
$50,951,115 $606,561 84
-7%
47
-4%
3
0%
$464,926
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-21%
Calabasas
Dec 2015
Dec 2016
%Change
Median Price $503,000
$875,000
74%
40
-27%
$36,356,617
-31%
$932,221
-3%
253
5%
52
-22%
6
50%
$740,300
-49%
Properties Sold
55
Sales Volume $52,952,433
Average Sale Price
$962,772
Properties For Sale 242
Average Days on Market
67
Months Supply of Inventory 4
Average List Price
$1,448,025
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
Dec 2015
Dec 2016
%Change
Median Price $332,000
$510,000
54%
41
0%
$22,725,545
67%
$568,139
71%
169
-10%
60
2%
4
-20%
$380,432
-18%
Properties Sold
41
Sales Volume $13,642,090
Average Sale Price
$332,734
Properties For Sale 188
Average Days on Market
59
Months Supply of Inventory 5
Average List Price
$465,614
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Dec 2015
Dec 2016
%Change
Median Price $450,000
$714,000
59%
71
-16%
$73,458,822
26%
$1,049,412
53%
321
9%
54
10%
5
67%
$844,060
12%
Properties Sold
85
Sales Volume $58,337,071
Average Sale Price
$686,318
Properties For Sale 295
Average Days on Market
49
Months Supply of Inventory 3
Average List Price
$751,360
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Dec 2015
Dec 2016
%Change
Median Price $515,500
$570,000
11%
68
-8%
$40,346,250
20%
$593,327
31%
142
-6%
49
-4%
2
0%
$608,205
40%
Properties Sold
74
Sales Volume $33,530,158
Average Sale Price
$453,110
Properties For Sale 151
Average Days on Market
51
Months Supply of Inventory 2
Average List Price
$435,686
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Dec 2015
Median Price $2,450,000
Properties Sold
3
Sales Volume $8,419,000
Average Sale Price
$2,806,333
Properties For Sale 40
Average Days on Market
136
Months Supply of Inventory 13
Average List Price
$1,473,475
Dec 2016 $1,375,500
-44%
4
33%
$6,445,860
-23%
$1,611,465
-43%
38
-5%
46
-66%
10
-23%
$1,447,250
-2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Lake Balboa
Dec 2015
Dec 2016
%Change
Median Price $477,500
$520,000
9%
35
75%
$17,145,149
116%
$489,861
24%
77
7%
43
-17%
2
-50%
$408,359
-16%
Properties Sold
20
Sales Volume $7,922,338
Average Sale Price
$396,117
Properties For Sale 72
Average Days on Market
52
Months Supply of Inventory 4
Average List Price
$483,547
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
Dec 2015
Dec 2016
%Change
Median Price $450,000
$450,000
0%
Properties Sold
19
Sales Volume $8,224,000
Average Sale Price
$432,842
Properties For Sale 39
Average Days on Market
58
Months Supply of Inventory 2
Average List Price
$351,803
17
-11%
$6,628,475
-19%
$389,910
-10%
24
-38%
68
17%
1
-50%
$321,694
-9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
Dec 2015
Dec 2016
%Change
Median Price $442,500
$470,500
6%
32
0%
$14,415,695
15%
$450,490
15%
109
-7%
47
-22%
3
-25%
$397,805
19%
Properties Sold
32
Sales Volume $12,558,850
Average Sale Price
$392,464
Properties For Sale 117
Average Days on Market
60
Months Supply of Inventory 4
Average List Price
$333,941
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
Dec 2015
Dec 2016
%Change
Median Price $456,000
$548,288
20%
62
0%
$32,934,505
15%
$531,202
15%
202
-21%
51
-19%
3
-25%
$437,126
-28%
Properties Sold
62
Sales Volume $28,556,245
Average Sale Price
$460,585
Properties For Sale 255
Average Days on Market
63
Months Supply of Inventory 4
Average List Price
$610,168
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Dec 2015
Dec 2016
%Change
Median Price $573,500
$535,000
-7%
100
4%
$47,555,365
-3%
$480,357
-6%
376
-10%
50
-12%
4
0%
Properties Sold
96
Sales Volume $49,172,095
Average Sale Price
$512,209
Properties For Sale 418
Average Days on Market
57
Months Supply of Inventory 4
Average List Price
$518,909
$461,481
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Dec 2015
Dec 2016
%Change
Median Price $360,000
$389,000
8%
33
3%
$11,820,450
11%
$358,195
8%
Properties Sold
32
Sales Volume $10,654,440
Average Sale Price
$332,951
Properties For Sale 85
Average Days on Market
45
Months Supply of Inventory 3
Average List Price
$346,543
62
-27%
40
-11%
2
-33%
$572,203
65%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Dec 2015
Dec 2016
%Change
Median Price $414,000
$378,000
-9%
56
17%
$21,795,153
17%
$389,199
0%
Properties Sold
48
Sales Volume $18,700,400
Average Sale Price
$389,592
Properties For Sale 156
Average Days on Market
59
Months Supply of Inventory 3
Average List Price
$632,521
134
-14%
46
-22%
2
-33%
$352,375
-44%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
Dec 2015
Dec 2016
%Change
Median Price $355,000
$400,000
13%
19
58%
$6,395,890
55%
$336,626
-2%
34
-48%
38
6%
2
-60%
$405,804
-6%
Properties Sold
12
Sales Volume $4,132,199
Average Sale Price
$344,350
Properties For Sale 65
Average Days on Market
36
Months Supply of Inventory 5
Average List Price
$431,766
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
Dec 2015
Dec 2016
%Change
Median Price $563,500
$687,100
22%
9
350%
$5,566,195
394%
$618,466
10%
23
-26%
84
-17%
3
-81%
Properties Sold
2
Sales Volume $1,127,000
Average Sale Price
$563,500
Properties For Sale 31
Average Days on Market
101
Months Supply of Inventory 16
Average List Price
$669,796
$690,083
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
3%
Sherman Oaks
Dec 2015 Median Price $689,000
Dec 2016
%Change
$619,538
-10%
Properties Sold 99 Sales Volume $87,633,903
99
Average Sale Price
$885,191
Properties For Sale 418
Average Days on Market
63
Months Supply of Inventory 4
Average List Price
$837,040
$75,237,287
-14%
$767,727
-13%
441
6%
57
-10%
4
0%
$598,477
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
-29%
Studio City
Dec 2015
Dec 2016
%Change
Median Price $739,500
$945,000
28%
43
-35%
$44,525,940
-20%
$1,035,487
22%
266
-2%
57
0%
6
50%
$673,972
-15%
Properties Sold
66
Sales Volume $55,799,050
Average Sale Price
$845,440
Properties For Sale 272
Average Days on Market
57
Months Supply of Inventory 4
Average List Price
$794,718
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
Dec 2015
Dec 2016
%Change
Median Price $400,000
$449,000
12%
24
-25%
$10,871,000
-14%
$452,958
15%
51
-39%
60
30%
2
-33%
$437,889
-10%
Properties Sold
32
Sales Volume $12,577,979
Average Sale Price
$393,062
Properties For Sale 84
Average Days on Market
46
Months Supply of Inventory 3
Average List Price
$486,751
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
Dec 2015
Dec 2016
%Change
Median Price $410,000
$415,000
1%
67
12%
$26,160,585
-1%
$390,456
-11%
167
-24%
47
-8%
2
-50%
$429,134
13%
Properties Sold
60
Sales Volume $26,407,450
Average Sale Price
$440,124
Properties For Sale 219
Average Days on Market
51
Months Supply of Inventory 4
Average List Price
$378,869
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Dec 2015
Dec 2016
%Change
Median Price $255,500
$549,500
115%
45
-22%
$37,588,540
53%
$835,301
97%
201
-11%
52
-7%
4
0%
Properties Sold
58
Sales Volume $24,604,295
Average Sale Price
$424,212
Properties For Sale 226
Average Days on Market
56
Months Supply of Inventory 4
Average List Price
$650,053
$1,362,421
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
110%
Toluca Lake
Dec 2015
Dec 2016
%Change
Median Price $529,000
$513,500
-3%
16
7%
Properties Sold
15
Sales Volume $11,471,350
Average Sale Price
$764,757
Properties For Sale 68
Average Days on Market
42
Months Supply of Inventory 5
Average List Price
$764,757
$8,081,270
-30%
$505,079
-34%
65
-4%
53
26%
4
-20%
$505,079
-34%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
Dec 2015
Dec 2016
%Change
Median Price $577,500
$625,000
8%
27
23%
$16,875,390
38%
$625,014
12%
71
-7%
49
-14%
3
0%
$625,014
12%
Properties Sold
22
Sales Volume $12,233,800
Average Sale Price
$556,082
Properties For Sale 76
Average Days on Market
57
Months Supply of Inventory 3
Average List Price
$556,082
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
Dec 2015
Dec 2016
%Change
Median Price $757,000
$845,000
12%
36
38%
$27,049,145
10%
$751,365
-21%
108
17%
34
-53%
3
-25%
$1,036,176
34%
Properties Sold
26
Sales Volume $24,621,645
Average Sale Price
$946,986
Properties For Sale 92
Average Days on Market
72
Months Supply of Inventory 4
Average List Price
$774,106
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Dec 2015
Dec 2016
%Change
Median Price $478,500
$447,000
-7%
51
34%
$21,538,375
5%
Properties Sold
38
Sales Volume $20,559,124
Average Sale Price
$541,030
Properties For Sale 156
Average Days on Market
58
Months Supply of Inventory 4
Average List Price
$829,690
$439,559
-19%
147
-6%
46
-21%
3
-25%
$453,979
-45%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
Dec 2015
Dec 2016
%Change
Median Price $538,500
$630,000
17%
41
-24%
$21,438,540
-17%
$549,706
15%
169
-6%
66
35%
4
33%
$572,736
16%
Properties Sold
54
Sales Volume $25,806,015
Average Sale Price
$477,889
Properties For Sale 180
Average Days on Market
49
Months Supply of Inventory 3
Average List Price
$491,843
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Dec 2015
Dec 2016
%Change
Median Price $460,000
$517,500
13%
Properties Sold
44
26%
Sales Volume $14,117,145
$20,970,841
49%
Average Sale Price
$476,610
18%
Properties For Sale 107
84
-21%
Average Days on Market
43
-25%
Months Supply of Inventory 3
2
-33%
Average List Price
$376,919
-5%
35
$403,347
57
$398,530
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Dec 2015
Dec 2016
%Change
Median Price $510,000
$615,000
21%
111
-4%
$58,639,124
1%
$528,280
5%
462
-4%
56
-11%
4
0%
$512,983
4%
Properties Sold
116
Sales Volume $57,982,223
Average Sale Price
$504,193
Properties For Sale 483
Average Days on Market
63
Months Supply of Inventory 4
Average List Price
$493,225
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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