Local Market Report March 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
Rodeo Realty RodeoRE.com
19
Arleta
March 2016
Median Price $425,000
Properties Sold
19
Sales Volume $7,644,445
Average Sale Price
$402,339
Properties For Sale 40
Average Days on Market
27
Months Supply of Inventory 2
Average List Price
$381,326
March 2017 $437,000
3%
22
16%
$10,697,300
40%
$486,241
21%
40
0%
59
119%
2
0%
$416,000
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Bell Canyon
Dec 2015
Median Price $1,180,440
Properties Sold
4
Sales Volume $4,536,880
Average Sale Price
$1,134,220
Properties For Sale 36
Average Days on Market
184
Months Supply of Inventory 9
Average List Price
$1,200,450
Dec 2016
%Change
$723,500
-39%
6
50%
$5,305,000
17%
$884,167
-22%
32
-11%
132
-28%
5
-44%
$1,098,454
-8%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
March 2016
Median Price $589,999
Properties Sold
101
Sales Volume $47,632,354
Average Sale Price
$471,607
Properties For Sale 296
Average Days on Market
46
Months Supply of Inventory 3
Average List Price
$731,993
March 2017 $635,000
8%
111
10%
$68,569,776
44%
$617,746
31%
272
-8%
48
4%
2
-33%
$711,733
-3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Calabasas
March 2016
Median Price $891,250
Properties Sold
38
Sales Volume $50,329,100
Average Sale Price
$1,324,450
Properties For Sale 260
Average Days on Market
65
Months Supply of Inventory 7
Average List Price
$1,192,361
March 2017 $18,250
-98%
48
26%
$30,950,459
-39%
$644,801
-51%
249
-4%
47
-28%
5
-29%
$1,265,691
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
6%
Chatsworth
March 2016
Median Price $455,000
Properties Sold
43
Sales Volume $24,795,725
Average Sale Price
$576,645
Properties For Sale 182
Average Days on Market
51
Months Supply of Inventory 4
Average List Price
$552,454
March 2017 $475,000
4%
58
35%
$31,321,895
26%
$540,033
-6%
168
-8%
50
-2%
3
-25%
$677,749
23%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Encino
March 2016
Median Price $576,000
Properties Sold
76
Sales Volume $66,587,855
Average Sale Price
$887,838
Properties For Sale 357
Average Days on Market
47
Months Supply of Inventory 5
Average List Price
$1,112,751
March 2017 $700,000
22%
89
17%
$97,574,560
47%
$1,096,343
23%
325
-9%
44
-6%
4
-20%
$1,304,731
17%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Granada Hills
March 2016
Median Price $505,000
Properties Sold
46
Sales Volume $20,248,818
Average Sale Price
$440,192
Properties For Sale 167
Average Days on Market
44
Months Supply of Inventory 4
Average List Price
$549,305
March 2017 $565,875
12%
56
22%
$30,144,294
49%
$538,291
22%
151
-10%
34
-23%
3
-25%
$623,843
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Hidden Hills
March 2016
March 2017
%Change
Median Price $3,350,000
$3,397,950
1%
6
50%
$22,679,900
44%
$3,779,983
-4%
47
-6%
121
116%
8
-38%
$4,059,667
-4%
Properties Sold
4
Sales Volume $15,709,000
Average Sale Price
$3,927,250
Properties For Sale 50
Average Days on Market
56
Months Supply of Inventory 13
Average List Price
$4,227,859
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
March 2016
Median Price $485,000
Properties Sold
33
Sales Volume $15,042,850
Average Sale Price
$455,844
Properties For Sale 70
Average Days on Market
46
Months Supply of Inventory 2
Average List Price
$437,134
March 2017 $482,000
-1%
23
-30%
$9,204,225
-39%
$400,184
-12%
70
0%
39
-15%
3
50%
$475,531
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Mission Hills
March 2016
Median Price $430,000
Properties Sold
9
Sales Volume $3,135,950
Average Sale Price
$348,439
Properties For Sale 38
Average Days on Market
36
Months Supply of Inventory 4
Average List Price
$419,716
March 2017 $487,450
13%
14
56%
$6,000,399
91%
$428,600
23%
26
-32%
67
86%
2
-50%
$480,258
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
North Hills
March 2016
Median Price $450,000
Properties Sold
23
Sales Volume $8,735,200
Average Sale Price
$379,791
Properties For Sale 114
Average Days on Market
59
Months Supply of Inventory 5
Average List Price
$404,199
March 2017 $445,000
-1%
29
26%
$12,252,995
40%
$422,517
11%
93
-18%
49
-17%
3
-40%
$671,814
66%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
North Hollywood
March 2016
Median Price $485,000
Properties Sold
73
Sales Volume $32,787,312
Average Sale Price
$449,141
Properties For Sale 268
Average Days on Market
55
Months Supply of Inventory 4
Average List Price
$529,312
March 2017 $540,000
11%
67
-8%
$33,817,465
3%
$504,738
12%
240
-10%
45
-18%
4
0%
$538,969
2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Northridge
March 2016
Median Price $518,000
Properties Sold
105
Sales Volume $43,513,558
Average Sale Price
$414,415
Properties For Sale 465
Average Days on Market
54
Months Supply of Inventory 4
Average List Price
$546,189
March 2017 $540,000
4%
107
2%
$54,326,138
25%
$507,721
23%
351
-25%
41
-24%
3
-25%
$606,887
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Pacoima
March 2016
Median Price $344,800
Properties Sold
24
Sales Volume $7,631,750
Average Sale Price
$317,990
Properties For Sale 79
Average Days on Market
54
Months Supply of Inventory 3
Average List Price
$359,340
March 2017 $371,250
8%
24
0%
$7,933,500
4%
$330,563
4%
58
-27%
46
-15%
2
-33%
$395,541
10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Reseda
March 2016
Median Price $420,000
Properties Sold
54
Sales Volume $20,759,354
Average Sale Price
$391,686
Properties For Sale 169
Average Days on Market
52
Months Supply of Inventory 3
Average List Price
$367,271
March 2017 $470,050
12%
44
-19%
$23,006,783
11%
$522,881
33%
143
-15%
63
21%
3
0%
$449,327
22%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
San Fernando
March 2016
Median Price $390,000
Properties Sold
17
Sales Volume $7,002,500
Average Sale Price
$411,912
Properties For Sale 53
Average Days on Market
77
Months Supply of Inventory 3
Average List Price
$435,117
March 2017 $449,999
15%
13
-24%
$5,351,294
-24%
$411,638
0%
48
-9%
59
-23%
4
33%
$558,860
28%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Shadow Hills
March 2016
Median Price $889,150
Properties Sold
6
Sales Volume $6,132,300
Average Sale Price
$1,022,050
Properties For Sale 30
Average Days on Market
60
Months Supply of Inventory 5
Average List Price
$578,483
March 2017 $825,000
-7%
5
-17%
$3,965,000
-35%
$793,000
-22%
26
-13%
49
-18%
5
0%
$888,500
54%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Sherman Oaks
March 2016 Median Price $722,500
March 2017 $718,500
-1%
Properties Sold 106 Sales Volume $82,014,548
140
32%
$110,116,909
34%
$786,549
2%
459
-4%
67
34%
3
-40%
$822,283
-20%
Average Sale Price
$773,722
Properties For Sale 479
Average Days on Market
50
Months Supply of Inventory 5
Average List Price
$1,023,186
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Studio City
March 2016
Median Price $820,000
Properties Sold
45
Sales Volume $42,453,350
Average Sale Price
$943,408
Properties For Sale 302
Average Days on Market
65
Months Supply of Inventory 7
Average List Price
$882,977
March 2017 $699,500
-15%
70
56%
$62,099,966
46%
$887,142
-6%
307
2%
39
-40%
4
-43%
$1,168,378
32%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Sun Valley
March 2016
Median Price $445,000
Properties Sold
25
Sales Volume $10,309,833
Average Sale Price
$412,393
Properties For Sale 89
Average Days on Market
96
Months Supply of Inventory 4
Average List Price
$526,349
March 2017 $472,000
6%
24
-4%
$11,825,900
15%
$492,746
19%
60
-33%
44
-54%
3
-25%
$513,701
-2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Sylmar
March 2016
Median Price $399,500
Properties Sold
68
Sales Volume $25,428,904
Average Sale Price
$373,954
Properties For Sale 212
Average Days on Market
65
Months Supply of Inventory 3
Average List Price
$444,633
March 2017 $423,000
6%
55
-19%
$22,322,767
-12%
$405,868
9%
163
-23%
54
-17%
3
0%
$563,266
27%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Tarzana
March 2016
Median Price $382,000
Properties Sold
49
Sales Volume $27,341,770
Average Sale Price
$557,995
Properties For Sale 239
Average Days on Market
53
Months Supply of Inventory 5
Average List Price
$687,776
March 2017 $640,000
68%
59
20%
$39,659,630
45%
$672,197
20%
213
-11%
54
2%
4
-20%
$939,552
37%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Toluca Lake
March 2016
Median Price $647,000
Properties Sold
17
Sales Volume $13,032,125
Average Sale Price
$766,596
Properties For Sale 60
Average Days on Market
52
Months Supply of Inventory 4
Average List Price
$818,437
March 2017 $555,000
-14%
19
12%
$12,673,550
-3%
$667,029
-13%
65
8%
43
-17%
3
-25%
$1,078,027
32%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Valley Glen
March 2016
Median Price $582,500
Properties Sold
24
Sales Volume $15,809,195
Average Sale Price
$658,716
Properties For Sale 80
Average Days on Market
85
Months Supply of Inventory 3
Average List Price
$700,499
March 2017 $679,500
17%
22
-8%
$14,660,073
-7%
$666,367
1%
69
-14%
42
-51%
3
0%
$715,725
2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Valley Village
March 2016
Median Price $456,070
Properties Sold
38
Sales Volume $17,696,655
Average Sale Price
$465,701
Properties For Sale 119
Average Days on Market
52
Months Supply of Inventory 3
Average List Price
$910,487
March 2017 $630,000
38%
33
-13%
$22,378,873
26%
$678,148
46%
109
-8%
43
-17%
3
0%
$791,533
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
-13%
Van Nuys
March 2016
Median Price $478,400
Properties Sold
44
Sales Volume $21,936,250
Average Sale Price
$498,551
Properties For Sale 179
Average Days on Market
69
Months Supply of Inventory 4
Average List Price
$575,962
March 2017 $462,500
-3%
52
18%
$21,691,688
-1%
$417,148
-16%
165
-8%
54
-22%
3
-25%
$511,408
-11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
West Hills
March 2016
Median Price $585,000
Properties Sold
48
Sales Volume $27,677,647
Average Sale Price
$576,618
Properties For Sale 184
Average Days on Market
59
Months Supply of Inventory 4
Average List Price
$587,597
March 2017 $625,000
7%
48
0%
$27,173,895
-2%
$578,168
0%
177
-4%
40
-32%
4
0%
$624,291
6%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Winnetka
March 2016
Median Price $457,500
Properties Sold
35
Sales Volume $12,760,370
Average Sale Price
$375,305
Properties For Sale 75
Average Days on Market
45
Months Supply of Inventory 2
Average List Price
$394,052
March 2017 $505,000
10%
31
-11%
$14,340,400
12%
$462,594
23%
80
7%
52
16%
3
50%
$448,561
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Woodland Hills
March 2016
Median Price $712,500
Properties Sold
64
Sales Volume $41,566,244
Average Sale Price
$649,473
Properties For Sale 387
Average Days on Market
49
Months Supply of Inventory 6
Average List Price
$669,017
March 2017 $692,000
-3%
69
8%
$41,291,475
-1%
$598,427
-8%
365
-6%
49
0%
5
-17%
$793,954
19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
RODEO REALTY MARKETING DEPARTMENT