Local Market Report March 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
Rodeo Realty RodeoRE.com
19
Arleta
Mar. 2013
Mar. 2014
%Change
Median Price $310,000
$365,000
18
17
31
$6,125,000
51
$360,294
15
40
-7
38
0
Properties Sold
13
Sales Volume $4,069,400
Average Sale Price
$313,031
Properties For Sale 43
Average Days on Market
38
Month’s Supply of Inventory 3.31
Average List Price
$317,443
2.35
-29
$384,998
21
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
Mar. 2013
Mar. 2014
%Change
Median Price $749,000
$1,000,000
34
3
-40
$2,440,000
-47
$813,333
-12
29
38
16
-86
9.67
130
$1,978,714
32
Properties Sold
5
Sales Volume $4,611,000
Average Sale Price
$922,200
Properties For Sale 21
Average Days on Market
111
Month’s Supply of Inventory 4.20
Average List Price
$1,494,600
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
Mar. 2013
Mar. 2014
%Change
Median Price $570,000
$635,000
11
51
-19
$33,968,485
-17
Properties Sold
63
Sales Volume $40,929,400
Average Sale Price
$649,673
Properties For Sale 104
Average Days on Market
61
Month’s Supply of Inventory 1.65
Average List Price
$634,407
$666,049 80
-23
60
-2
1.57
-5
$725,271
14
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
3
Calabasas
Mar. 2013
Mar. 2014
%Change
Median Price $1,060,000
$1,724,938
63
20
0
$39,757,875
73
$1,987,894
73
97
14
90
20
4.85
14
$1,675,524
-1
Properties Sold
20
Sales Volume $23,044,400
Average Sale Price
$1,152,220
Properties For Sale 85
Average Days on Market
75
Month’s Supply of Inventory 4.25
Average List Price
$1,685,761
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
Mar. 2013
Mar. 2014
%Change
Median Price $440,000
$490,000
11
16
-33
$9,136,150
-18
$571,009
23
78
11
57
-19
4.88
67
$696,051
8
Properties Sold
24
Sales Volume $11,107,500
Average Sale Price
$462,813
Properties For Sale 70
Average Days on Market
70
Month’s Supply of Inventory 2.92
Average List Price
$641,691
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Mar. 2013
Mar. 2014
%Change
Median Price $805,000
$927,618
15
31
-23
$32,735,618
-10
$1,055,988
16
135
9
66
47
4.35
40
$1,419,974
10
Properties Sold
40
Sales Volume $36,429,420
Average Sale Price
$910,736
Properties For Sale 124
Average Days on Market
45
Month’s Supply of Inventory 3.10
Average List Price
$1,289,154
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Mar. 2013
Mar. 2014
%Change
Median Price $425,000
$464,000
9
42
-9
$22,435,350
1
$534,175
11
91
-5
45
25
2.17
4
$541,298
13
Properties Sold
46
Sales Volume $22,176,540
Average Sale Price
$482,099
Properties For Sale 96
Average Days on Market
36
Month’s Supply of Inventory 2.09
Average List Price
$480,414
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Mar. 2013
Mar. 2014
%Change
Median Price $2,712,500
$2,750,000
1
2
0
$5,500,000
1
$2,750,000
1
Properties Sold
2
Sales Volume $5,425,000
Average Sale Price
$2,712,500
Properties For Sale 40
Average Days on Market
34
Month’s Supply of Inventory 20.00
Average List Price
$2,708,349
27
-33
204
500
13.50
-33
$5,577,800
106
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
Mar. 2013
Mar. 2014
%Change
Median Price $372,500
$440,000
18
17
42
$7,428,750
62
$436,985
14
38
23
51
155
2.24
-13
$524,768
26
Properties Sold
12
Sales Volume $4,591,800
Average Sale Price
$382,650
Properties For Sale 31
Average Days on Market
20
Month’s Supply of Inventory 2.58
Average List Price
$416,387
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
Mar. 2013
Mar. 2014
%Change
Median Price $330,000
$334,000
1
Properties Sold
9
Sales Volume $2,837,000
Average Sale Price
$315,222
Properties For Sale 25
Average Days on Market
16
Month’s Supply of Inventory 2.78
Average List Price
$359,744
4
-56
$1,270,500
-55
$317,625 22
-12
16
0
5.50
98
$385,527
7
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
1
North Hills
Mar. 2013
Mar. 2014
%Change
Median Price $385,000
$448,125
16
14
-30
$6,026,000
-21
$430,429
12
42
14
49
17
3.00
62
$458,210
28
Properties Sold
20
Sales Volume $7,671,000
Average Sale Price
$383,550
Properties For Sale 37
Average Days on Market
42
Month’s Supply of Inventory 1.85
Average List Price
$359,115
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
Mar. 2013
Mar. 2014
%Change
Median Price $375,000
$450,000
20
38
9
$17,186,025
30
$452,264
20
104
7
52
-34
2.74
-1
$505,296
32
Properties Sold
35
Sales Volume $13,209,500
Average Sale Price
$377,414
Properties For Sale 97
Average Days on Market
79
Month’s Supply of Inventory 2.77
Average List Price
$384,017
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Mar. 2013
Mar. 2014
%Change
Median Price $514,500
$582,000
13
52
-24
$31,006,989
-11
$596,288
16
157
15
54
-14
3.02
50
$672,095
9
Properties Sold
68
Sales Volume $35,009,765
Average Sale Price
$514,849
Properties For Sale 137
Average Days on Market
63
Month’s Supply of Inventory 2.01
Average List Price
$614,940
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Mar. 2013
Mar. 2014
%Change
Median Price $265,000
$299,730
13
14
27
$3,837,059
41
$274,076
11
46
-12
101
140
3.29
-30
$337,873
17
Properties Sold
11
Sales Volume $2,719,000
Average Sale Price
$247,182
Properties For Sale 52
Average Days on Market
42
Month’s Supply of Inventory 4.73
Average List Price
$288,761
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Mar. 2013
Mar. 2014
%Change
Median Price $328,750
$405,900
23
22
-27
$8,391,500
-13
$381,432
19
71
4
32
-48
3.23
42
$439,187
29
Properties Sold
30
Sales Volume $9,635,500
Average Sale Price
$321,183
Properties For Sale 68
Average Days on Market
61
Month’s Supply of Inventory 2.27
Average List Price
$339,909
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
Mar. 2013
Mar. 2014
%Change
Median Price $309,000
$347,500
12
12
-20
$4,030,000
-7
$335,833
16
24
-23
52
24
2.00
-3
$324,057
18
Properties Sold
15
Sales Volume $4,335,500
Average Sale Price
$290,367
Properties For Sale 31
Average Days on Market
42
Month’s Supply of Inventory 2.07
Average List Price
$273,969
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
Mar. 2013
Mar. 2014
%Change
Median Price $520,000
$690,000
33
3
-40
$1,890,000
-26
$630,000
23
12
9
117
-30
4.00
82
$1,157,738
101
Properties Sold
5
Sales Volume $2,555,800
Average Sale Price
$511,160
Properties For Sale 11
Average Days on Market
167
Month’s Supply of Inventory 2.20
Average List Price
$575,250
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
Mar. 2013
Mar. 2014
%Change
Median Price $775,000
$785,000
1
47
4
$40,584,430
7
$863,499
2
145
-2
49
-18
3.09
-6
$1,176,086
9
Properties Sold
45
Sales Volume $37,990,900
Average Sale Price
$844,242
Properties For Sale 148
Average Days on Market
60
Month’s Supply of Inventory 3.29
Average List Price
$1,080,730
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Mar. 2013
Mar. 2014
%Change
Median Price $875,000
$1,140,000
30
30
3
$42,205,837
26
$1,406,861
21
84
0
71
-32
2.80
-3
$1,583,011
41
Properties Sold
29
Sales Volume $33,623,400
Average Sale Price
$1,159,428
Properties For Sale 84
Average Days on Market
104
Month’s Supply of Inventory 2.90
Average List Price
$1,119,905
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
Mar. 2013
Mar. 2014
%Change
Median Price $302,500
$416,500
38
13
-28
Properties Sold
18
Sales Volume $5,647,000
Average Sale Price
$313,722
Properties For Sale 51
Average Days on Market
62
Month’s Supply of Inventory 2.83
Average List Price
$414,044
$5,729,350
1
$440,719
40
43
-16
61
-2
3.31
17
$439,150
6
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
Mar. 2013
Mar. 2014
%Change
Median Price $342,000
$380,000
11
37
-27
$13,969,700
-19
$377,559
11
89
-6
55
0
2.41
30
$416,044
20
Properties Sold
51
Sales Volume $17,318,316
Average Sale Price
$339,575
Properties For Sale 95
Average Days on Market
55
Month’s Supply of Inventory 1.86
Average List Price
$345,880
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Mar. 2013
Mar. 2014
%Change
Median Price $811,000
$830,000
2
26
-4
$28,760,500
11
$1,106,173
16
97
1
56
-32
Properties Sold
27
Sales Volume $25,832,999
Average Sale Price
$956,778
Properties For Sale 96
Average Days on Market
82
Month’s Supply of Inventory 3.56
Average List Price
$814,492
3.73
5
$1,094,953
34
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Mar. 2013
Mar. 2014
%Change
Median Price $942,500
$1,012,500
7
Properties Sold
10
Sales Volume $14,791,500
Average Sale Price
$1,479,150
Properties For Sale 20
Average Days on Market
47
Month’s Supply of Inventory 2.00
Average List Price
$1,390,917
4
-60
$4,525,000
-69
$1,131,250
-24
14
-30
27
-43
3.50
75
$1,278,750
-8
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
Mar. 2013
Mar. 2014
%Change
Median Price $519,500
$630,000
21
7
-56
$4,462,000
-45
$637,429
25
31
19
58
38
4.43
172
Properties Sold
16
Sales Volume $8,134,850
Average Sale Price
$508,428
Properties For Sale 26
Average Days on Market
42
Month’s Supply of Inventory 1.63
Average List Price
$645,786
$626,969
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-3
Valley Village
Mar. 2013
Mar. 2014
%Change
Median Price $675,000
$819,250
21
12
-8
$10,005,000
12
$833,750
21
29
21
48
0
2.42
31
$885,371
41
Properties Sold
13
Sales Volume $8,943,400
Average Sale Price
$687,954
Properties For Sale 24
Average Days on Market
48
Month’s Supply of Inventory 1.85
Average List Price
$627,850
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Mar. 2013
Mar. 2014
%Change
Median Price $365,500
$413,000
13
27
-46
$11,749,000
-36
$435,170
19
83
-3
60
-18
3.07
78
$455,798
9
Properties Sold
50
Sales Volume $18,245,613
Average Sale Price
$364,912
Properties For Sale 86
Average Days on Market
73
Month’s Supply of Inventory 1.72
Average List Price
$420,090
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
Mar. 2013
Mar. 2014
%Change
Median Price $464,500
$523,500
13
30
-44
$17,864,000
-34
$595,467
18
107
4
60
15
3.57
87
$622,195
1
Properties Sold
54
Sales Volume $27,172,605
Average Sale Price
$503,196
Properties For Sale 103
Average Days on Market
52
Month’s Supply of Inventory 1.91
Average List Price
$619,053
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Mar. 2013 Median Price $379,500
Mar. 2014
%Change
$445,000
17
Properties Sold 26 Sales Volume $9,467,500
13
-50
$5,945,777
-37
Average Sale Price $364,135 Properties For Sale 55
$457,367
26
72
31
Average Days on Market 43 Month’s Supply of Inventory 2.12
53
23
5.54
161
Average List Price
$415,364
$448,452
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8
Woodland Hills
Mar. 2013
Mar. 2014
%Change
Median Price $597,500
$630,000
5
Properties Sold
67
Sales Volume $43,480,850
Average Sale Price
$648,968
Properties For Sale 176
Average Days on Market
61
Month’s Supply of Inventory 2.63
Average List Price
$719,366
47
-30
$31,945,600
-27
$679,694
5
183
4
59
-3
3.89
48
$852,412
18
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT