Local Market Report February 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.
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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
Feb 2016
Feb 2017
%Change
Median Price $470,000
$440,000
-6%
8
33%
$3,600,000
22%
$450,000
-8%
38
-10%
48
30%
5
-29%
$431,488
15%
Properties Sold
6
Sales Volume $2,947,000
Average Sale Price
$491,167
Properties For Sale 42
Average Days on Market
37
Months Supply of Inventory 7
Average List Price
$374,802
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
Dec 2015
Median Price $1,417,500
Properties Sold
2
Sales Volume $2,835,000
Average Sale Price
$1,417,500
Properties For Sale 27
Average Days on Market
103
Months Supply of Inventory 14
Average List Price
$740,440
Dec 2016 $1,300,000
-8%
1
-50%
$1,300,000
-54%
$1,300,000
-8%
37
37%
95
-8%
37
164%
$1,429,433
93%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Burbank
Feb 2016
Feb 2017
%Change
Median Price $580,000
$554,500
-4%
74
35%
$31,977,095
-3%
$432,123
-28%
259
-7%
46
-8%
4
-20%
Properties Sold
55
Sales Volume $32,956,269
Average Sale Price
$599,205
Properties For Sale 279
Average Days on Market
50
Months Supply of Inventory 5
Average List Price
$601,589
$601,321
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
Calabasas
Feb 2016
Median Price $391,500
Properties Sold
40
Sales Volume $30,687,035
Average Sale Price
$767,176
Properties For Sale 243
Average Days on Market
72
Months Supply of Inventory 6
Average List Price
$1,331,031
Feb 2017
%Change
$50,000
-87%
41 $24,437,840
-20%
$596,045
-22%
259
7%
49
-32%
6
0%
$1,304,401
-2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
3%
Chatsworth
Feb 2016
Feb 2017
%Change
Median Price $351,750
$369,500
5%
Properties Sold
42
33
-21%
$10,862,345
-46%
$478,130
$339,448
-29%
Properties For Sale $478,130
$339,448
-29%
50
-9%
5
25%
$510,735
11%
Sales Volume $20,081,464
Average Sale Price
Average Days on Market
55
Months Supply of Inventory 4
Average List Price
$462,132
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Feb 2016
Feb 2017
%Change
Median Price $535,000
$334,250
-38%
62
35%
$34,118,284
-12%
$550,295
-35%
Properties Sold
46
Sales Volume $38,659,370
Average Sale Price
$840,421
Properties For Sale 307
Average Days on Market
61
Months Supply of Inventory 7
Average List Price
$1,015,821
319
4%
44
-28%
5
-29%
$1,040,510
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Granada Hills
Feb 2016
Feb 2017
%Change
Median Price $497,270
$557,500
12%
34
6%
$17,061,433
2%
$501,807
-4%
148
-10%
49
-13%
4
-20%
$647,573
25%
Properties Sold
32
Sales Volume $16,652,584
Average Sale Price
$520,393
Properties For Sale 165
Average Days on Market
56
Months Supply of Inventory 5
Average List Price
$518,078
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Feb 2016
Median Price $2,525,000
Properties Sold
1
Sales Volume $2,525,000
Average Sale Price
$2,525,000
Properties For Sale 44
Average Days on Market
6
Months Supply of Inventory 44
Average List Price
$6,976,635
Feb 2017 $2,825,000
12%
2
100%
$5,650,000
124%
$2,825,000
12%
40
-9%
18
200%
20
-55%
$7,212,375
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
3%
Lake Balboa
Feb 2016
Feb 2017
%Change
Median Price $460,000
$532,500
16%
22
29%
$10,732,200
54%
$487,827
19%
69
-9%
93
66%
3
-25%
Properties Sold
17
Sales Volume $6,948,674
Average Sale Price
$408,746
Properties For Sale 76
Average Days on Market
56
Months Supply of Inventory 4
Average List Price
$436,045
$472,642
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Mission Hills
Feb 2016
Feb 2017
%Change
Median Price $425,000
$495,000
16%
5
-44%
$2,019,000
-43%
Properties Sold
9
Sales Volume $3,528,000
Average Sale Price
$392,000
Properties For Sale 32
Average Days on Market
49
Months Supply of Inventory 4
Average List Price
$425,846
$403,800 27
-16%
47
-4%
5
25%
$474,066
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
3%
North Hills
Feb 2016
Feb 2017
%Change
Median Price $375,000
$500,100
33%
23
28%
$8,921,750
42%
$387,902
11%
89
-23%
66
-14%
4
-33%
$529,916
19%
Properties Sold
18
Sales Volume $6,262,685
Average Sale Price
$347,927
Properties For Sale 116
Average Days on Market
77
Months Supply of Inventory 6
Average List Price
$445,623
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
Feb 2016
Feb 2017
%Change
Median Price $460,000
$481,750
5%
Properties Sold
52
Sales Volume $22,597,715
Average Sale Price
$434,571
Properties For Sale 288
Average Days on Market
62
Months Supply of Inventory 6
Average List Price
$555,760
46
-12%
$20,953,929
-7%
$455,520
5%
236
-18%
47
-24%
5
-17%
$708,188
27%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Feb 2016
Feb 2017
%Change
Median Price $522,500
$524,500
0%
73
-4%
$33,518,521
6%
$459,158
10%
365
-18%
58
38%
5
-17%
$525,601
12%
Properties Sold
76
Sales Volume $31,648,527
Average Sale Price
$416,428
Properties For Sale 444
Average Days on Market
42
Months Supply of Inventory 6
Average List Price
$469,408
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Feb 2016
Feb 2017
%Change
Median Price $340,000
$393,000
16%
13
-13%
$5,083,295
15%
$391,023
33%
60
-32%
66
35%
5
-17%
$331,689
-8%
Properties Sold
15
Sales Volume $4,426,400
Average Sale Price
$295,093
Properties For Sale 88
Average Days on Market
49
Months Supply of Inventory 6
Average List Price
$360,016
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Feb 2016
Feb 2017
%Change
Median Price $415,000
$380,000
-8%
36
-14%
$13,162,575
-23%
$365,627
-10%
129
-22%
54
-13%
4
0%
$477,097
35%
Properties Sold
42
Sales Volume $17,029,325
Average Sale Price
$405,460
Properties For Sale 165
Average Days on Market
62
Months Supply of Inventory 4
Average List Price
$352,105
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
Feb 2016
Feb 2017
%Change
Median Price $453,753
$371,726
-18%
14
-26%
$5,223,618
-29%
$373,116
-3%
46
-13%
48
-29%
3
0%
Properties Sold
19
Sales Volume $7,320,099
Average Sale Price
$385,268
Properties For Sale 53
Average Days on Market
68
Months Supply of Inventory 3
Average List Price
$453,753
$371,726
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-18%
Shadow Hills
Feb 2016
Feb 2017
%Change
Median Price $704,000
$780,000
11%
Properties Sold
2
Sales Volume $1,408,000
Average Sale Price
$704,000
Properties For Sale 33
Average Days on Market
108
Months Supply of Inventory 17
Average List Price
$1,023,363
7
250%
$4,847,600
244%
$692,514
-2%
26
-21%
52
-52%
4
-76%
$563,911
-45%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
Feb 2016 Median Price $710,000
Feb 2017
%Change
$642,500
-10%
Properties Sold 69 Sales Volume $57,715,024
85
23%
$74,922,098
30%
$891,930
7%
437
-4%
53
-4%
5
-29%
$842,194
-11%
Average Sale Price
$836,450
Properties For Sale 453
Average Days on Market
55
Months Supply of Inventory 7
Average List Price
$943,607
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Feb 2016
Feb 2017
%Change
Median Price $693,000
$712,500
3%
48
12%
$39,583,370
-13%
$824,654
-22%
Properties Sold
43
Sales Volume $45,424,190
Average Sale Price
$1,056,377
Properties For Sale 292
Average Days on Market
56
Months Supply of Inventory 7
Average List Price
$1,016,347
295
1%
58
4%
6
-14%
$1,068,210
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
5%
Sun Valley
Feb 2016
Feb 2017
%Change
Median Price $469,000
$435,000
-7%
20
0%
$8,831,450
-3%
$441,573
-3%
69
-23%
43
-16%
3
-40%
$516,109
27%
Properties Sold
20
Sales Volume $9,145,900
Average Sale Price
$457,295
Properties For Sale 90
Average Days on Market
51
Months Supply of Inventory 5
Average List Price
$407,437
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
Feb 2016
Feb 2017
%Change
Median Price $399,000
$395,000
-1%
55
6%
$20,839,599
20%
$378,902
14%
178
-10%
52
-15%
3
-25%
Properties Sold
52
Sales Volume $17,321,673
Average Sale Price
$333,109
Properties For Sale 197
Average Days on Market
61
Months Supply of Inventory 4
Average List Price
$404,069
$423,087
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
5%
Tarzana
Feb 2016
Feb 2017
%Change
Median Price $600,000
$727,500
21%
36
-12%
Properties Sold
41
Sales Volume $30,353,180
Average Sale Price
$740,321
Properties For Sale 220
Average Days on Market
61
Months Supply of Inventory 5
Average List Price
$831,665
$30,650,845
1%
$851,412
15%
208
-5%
77
26%
6
20%
$776,998
-7%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Feb 2016
Feb 2017
%Change
Median Price $458,000
$595,000
30%
11
-27%
$13,685,295
71%
$1,244,118
134%
Properties Sold
15
Sales Volume $7,985,875
Average Sale Price
$532,392
Properties For Sale 68
Average Days on Market
68
Months Supply of Inventory 5
Average List Price
$783,114
65
-4%
73
7%
6
20%
$964,432
23%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
Feb 2016
Feb 2017
%Change
Median Price $507,000
$676,925
34%
12
-40%
$8,505,850
-18%
$708,821
37%
40
-27%
64
-12%
3
0%
$775,745
19%
Properties Sold
20
Sales Volume $10,322,000
Average Sale Price
$516,100
Properties For Sale 55
Average Days on Market
73
Months Supply of Inventory 3
Average List Price
$650,210
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
Feb 2016
Feb 2017
%Change
Median Price $605,000
$800,000
32%
11
-15%
Properties Sold
13
Sales Volume $8,883,464
Average Sale Price
$683,343
Properties For Sale 33
Average Days on Market
50
Months Supply of Inventory 3
Average List Price
$921,422
$9,611,990
8%
$873,817
28%
37
12%
59
18%
3
0%
$816,135
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-11%
Van Nuys
Feb 2016
Feb 2017
%Change
Median Price $430,000
$450,000
5%
Properties Sold
15
Sales Volume $6,871,400
Average Sale Price
$458,093
Properties For Sale 107
Average Days on Market
78
Months Supply of Inventory 7
Average List Price
$455,859
32
113%
$14,559,474
112%
$454,984
-1%
92
-14%
56
-28%
3
-57%
$472,988
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
4%
West Hills
Feb 2016
Feb 2017
%Change
Median Price $630,000
$674,888
7%
Properties Sold
33
Sales Volume $22,643,581
Average Sale Price
$686,169
Properties For Sale 87
Average Days on Market
66
Months Supply of Inventory 3
Average List Price
$678,971
23
-30%
$16,230,788
-28%
$705,686
3%
85
-2%
50
-24%
4
33%
$707,759
4%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Feb 2016
Feb 2017
%Change
Median Price $430,000
$518,000
20%
21
-5%
$10,532,500
10%
$501,548
15%
57
-22%
62
-10%
3
0%
$497,842
16%
Properties Sold
22
Sales Volume $9,585,900
Average Sale Price
$435,723
Properties For Sale 73
Average Days on Market
69
Months Supply of Inventory 3
Average List Price
$429,953
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Feb 2016
Feb 2017
%Change
Median Price $652,450
$660,000
1%
Properties Sold
54
Sales Volume $36,242,050
Average Sale Price
$671,149
Properties For Sale 216
Average Days on Market
79
Months Supply of Inventory 4
Average List Price
$774,990
46
-15%
$33,250,750
-8%
$722,842
8%
190
-12%
65
-18%
4
0%
$802,913
4%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT