Local Market Report November 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
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19
Arleta
Nov. 2013
Nov. 2014
%Change
Median Price $345,000
$365,000
6%
20
-5%
$7,229,100
4%
$361,455
9%
Properties Sold
21
Sales Volume $6,962,250
Average Sale Price
$331,536
Properties For Sale 42
Average Days on Market
41
Months Supply of Inventory 2.00
Average List Price
$357,982
36
-14%
41
0%
1.80 $373,305
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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-10% 4%
Bell Canyon
Nov. 2013
Median Price $1,525,000
Properties Sold
4
Sales Volume $7,165,000
Average Sale Price
$1,791,250
Properties For Sale 23
Average Days on Market
85
Months Supply of Inventory 5.75
Average List Price
$2,349,500
Nov. 2014
%Change
$909,500
-40%
2
-50%
$1,819,000
-75%
$909,500
-49%
30
30%
134
58%
15.00
161%
$1,182,333
-50%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Burbank
Nov. 2013
Nov. 2014
%Change
Median Price $607,150
$659,000
9%
42
-9%
$30,436,499
5%
$742,354
17%
42
-9%
114
-8%
2.71
0%
$773,785
7%
Properties Sold
46
Sales Volume $29,084,045
Average Sale Price
$632,262
Properties For Sale 46
Average Days on Market
124
Months Supply of Inventory 2.70
Average List Price
$721,720
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Calabasas
Nov. 2013
Median Price $1,645,000
Properties Sold
17
Sales Volume $33,717,500
Average Sale Price
$1,983,382
Properties For Sale 105
Average Days on Market
85
Months Supply of Inventory 6.18
Average List Price
$1,895,318
Nov. 2014
%Change
$1,350,000
-18%
11
-35%
$17,217,500
-49%
$1,565,227
-21%
91
-13%
66
-22%
8.27
34%
$1,539,915
-19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
Nov. 2013
Median Price $492,500
Properties Sold
18
Sales Volume $9,694,000
Average Sale Price
$538,556
Properties For Sale 88
Average Days on Market
60
Months Supply of Inventory 4.89
Average List Price
$578,132
Nov. 2014
%Change
$526,000
7%
15
-17%
$8,717,000
-10%
$581,133
8%
104
18%
64
7%
6.93
42%
$992,425
72%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Encino
Nov. 2013
Median Price $773,000
Properties Sold
33
Sales Volume $32,149,500
Average Sale Price
$974,227
Properties For Sale 139
Average Days on Market
62
Months Supply of Inventory 4.21
Average List Price
$1,255,487
Nov. 2014
%Change
$915,000
18%
33
0%
$39,829,800
24%
$1,206,964
24%
138
-1%
68
10%
4.18
-1%
$1,650,477
31%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Granada Hills
Nov. 2013 Median Price $457,500
Nov. 2014
%Change
$492,500
8%
Properties Sold 48 Sales Volume $25,520,558
38
-21%
$19,178,914
-25%
Average Sale Price $531,678 Properties For Sale 110
$504,708
-5%
99
-10%
64
33%
2.61
14%
$574,574
3%
Average Days on Market
48
Months Supply of Inventory 2.29
Average List Price
$557,729
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Hidden Hills
Nov. 2013
Median Price $3,250,000
Properties Sold
3
Sales Volume $8,997,500
Average Sale Price
$2,999,167
Properties For Sale 20
Average Days on Market
113
Months Supply of Inventory 6.67
Average List Price
$2,410,250
Nov. 2014
%Change
$3,285,000
1%
1
-67%
$3,285,000
-63%
$3,285,000
10%
26
30%
132
17%
26.00
290%
$9,131,333
279%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Lake Balboa
Nov. 2013
Median Price $401,000
Properties Sold
18
Sales Volume $7,618,500
Average Sale Price
$423,250
Properties For Sale 34
Average Days on Market
35
Months Supply of Inventory 1.89
Average List Price
$474,643
Nov. 2014
%Change
$425,000
6%
15
-17%
$6,435,680
-16%
$429,045
1%
46
35%
48
37%
3.07
62%
$524,494
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
Nov. 2013
Median Price $375,000
Properties Sold
9
Sales Volume $3,350,400
Average Sale Price
$372,267
Properties For Sale 21
Average Days on Market
54
Months Supply of Inventory 2.33
Average List Price
$391,961
Nov. 2014
%Change
$380,000
1%
10
11%
$3,850,000
15%
$385,000
3%
23
10%
67
24%
2.30
-1%
$383,375
-2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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North Hills
Nov. 2013
Median Price $420,000
Properties Sold
23
Sales Volume $9,410,500
Average Sale Price
$409,152
Properties For Sale 56
Average Days on Market
39
Months Supply of Inventory 2.43
Average List Price
$439,691
Nov. 2014
%Change
$411,000
-2%
17
-26%
$6,916,500
-27%
$406,853
-1%
55
-2%
77
97%
3.24
33%
$470,623
7%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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North Hollywood
Nov. 2013
Median Price $407,500
Properties Sold
50
Sales Volume $22,157,700
Average Sale Price
$443,154
Properties For Sale 126
Average Days on Market
49
Months Supply of Inventory 2.52
Average List Price
$475,662
Nov. 2014
%Change
$419,000
3%
26
-48%
$11,498,600
-48%
$442,254 112
-11%
54
10%
4.31
71%
$656,108
38%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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0%
Northridge
Nov. 2013
Median Price $603,250
Properties Sold
58
Sales Volume $35,524,455
Average Sale Price
$612,491
Properties For Sale 159
Average Days on Market
42
Months Supply of Inventory 2.74
Average List Price
$671,043
Nov. 2014
%Change
$615,000
2%
46
-21%
$30,516,450
-14%
$663,401
8%
172
8%
67
60%
3.74
36%
$652,654
-3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Nov. 2013
Median Price $287,500
Properties Sold
12
Sales Volume $3,435,000
Average Sale Price
$286,250
Properties For Sale 46
Average Days on Market
41
Months Supply of Inventory 3.83
Average List Price
$321,313
Nov. 2014
%Change
$337,000
17%
11
-8%
$3,647,400
6%
$331,582
16%
38
-17%
38
-7%
3.45
-10%
$360,646
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Nov. 2013
Median Price $380,000
Properties Sold
32
Sales Volume $12,361,500
Average Sale Price
$386,297
Properties For Sale 88
Average Days on Market
54
Months Supply of Inventory 2.75
Average List Price
$454,762
Nov. 2014
%Change
$389,950
3%
27
-16%
$10,621,350
-14%
$393,383 77
-13%
$51
-6%
2.85
4%
$438,464
-4%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
San Fernando
Nov. 2013
Median Price $330,000
Properties Sold
10
Sales Volume $3,258,000
Average Sale Price
$325,800
Properties For Sale 32
Average Days on Market
72
Months Supply of Inventory 3.20
Average List Price
$323,487
Nov. 2014
%Change
$397,500
20%
4
-60%
$1,590,000
-51%
$397,500
22%
34
6%
$68
-6%
8.50
166%
$384,222
19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
Nov. 2013
Median Price $542,450
Properties Sold
2
Sales Volume $1,084,900
Average Sale Price
$542,450
Properties For Sale 14
Average Days on Market
77
Months Supply of Inventory 7.00
Average List Price
$800,000
Nov. 2014
%Change
$800,000
47%
3
50%
$2,138,200
97%
$712,733
31%
15
7%
$68
-12%
5.00
-29%
$605,000
-24%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
Nov. 2013
Median Price $752,000
Properties Sold
55
Sales Volume $45,751,123
Average Sale Price
$831,839
Properties For Sale 184
Average Days on Market
55
Months Supply of Inventory 3.35
Average List Price
$1,078,522
Nov. 2014
%Change
$824,500
10%
48
-13%
$48,752,017
7%
$1,015,667
22%
157
-15%
54
-2%
3.27
-2%
$1,278,356
19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Nov. 2013
Median Price $1,075,625
Properties Sold
24
Sales Volume $29,192,250
Average Sale Price
$1,216,344
Properties For Sale 106
Average Days on Market
67
Months Supply of Inventory 4.42
Average List Price
$1,318,407
Nov. 2014
%Change
$1,115,000
4%
23
-4%
$30,358,500
4%
$1,319,935
9%
75
-29%
74
10%
3.26
-26%
$1,221,676
-7%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
Nov. 2013
Median Price $406,250
Properties Sold
23
Sales Volume $9,802,850
Average Sale Price
$426,211
Properties For Sale 62
Average Days on Market
52
Months Supply of Inventory 2.70
Average List Price
$342,565
Nov. 2014
%Change
$467,000
15%
20
-13%
$9,589,500
-2%
$479,475
12%
48
-23%
67
29%
2.40
-11%
$410,275
20%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
Nov. 2013
Median Price $385,000
Properties Sold
31
Sales Volume $12,250,000
Average Sale Price
$385,000
Properties For Sale 116
Average Days on Market
52
Months Supply of Inventory 3.74
Average List Price
$375,464
Nov. 2014
%Change
$400,000
4%
29
-6%
$12,644,550
3%
$400,000
4%
107
-8%
36
-31%
3.69
-1%
$420,482
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Tarzana
Nov. 2013
Median Price $612,000
Properties Sold
17
Sales Volume $12,534,000
Average Sale Price
$737,294
Properties For Sale 97
Average Days on Market
61
Months Supply of Inventory 5.71
Average List Price
$1,100,644
Nov. 2014
%Change
$765,000
25%
19
12%
$16,763,500
34%
$882,289
20%
112
15%
70
15%
5.89
3%
$1,128,951
3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Nov. 2013
Median Price $849,000
Properties Sold
7
Sales Volume $7,680,000
Average Sale Price
$1,097,143
Properties For Sale 17
Average Days on Market
48
Months Supply of Inventory 2.43
Average List Price
$1,512,800
Nov. 2014
%Change
$785,000
-8%
5
-29%
$6,482,200
-16%
$1,296,440
18%
25
47%
87
81%
5.00
106%
$1,529,500
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
1%
Valley Glen
Nov. 2013 Median Price $619,500
Nov. 2014
%Change
$697,500
13%
Properties Sold 17 Sales Volume $10,106,000
10
-41%
$7,096,000
-30%
$709,600
19%
46
24%
48
-33%
4.60
111%
Average Sale Price
$594,471
Properties For Sale 37
Average Days on Market
72
Months Supply of Inventory 2.18
Average List Price
$674,867
$644,347
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-5%
Valley Village
Nov. 2013
Median Price $895,000
Properties Sold
9
Sales Volume $7,385,000
Average Sale Price
$820,556
Properties For Sale 39
Average Days on Market
63
Months Supply of Inventory 4.33
Average List Price
$877,569
Nov. 2014
%Change
$720,000
-20%
9
0%
$8,769,149
19%
$974,350
19%
29
-26%
46
-27%
3.22
-26%
$889,350
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
1%
Van Nuys
Nov. 2013
Median Price $390,000
Properties Sold
30
Sales Volume $12,089,112
Average Sale Price
$402,970
Properties For Sale 78
Average Days on Market
44
Months Supply of Inventory 2.60
Average List Price
$409,331
Nov. 2014
%Change
$455,000
17%
19
-37%
$8,732,500
-28%
$459,605
14%
92
18%
61
39%
4.84
86%
$489,997
20%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
Nov. 2013
Median Price $530,000
Properties Sold
38
Sales Volume $22,831,811
Average Sale Price
$600,837
Properties For Sale 119
Average Days on Market
71
Months Supply of Inventory 3.13
Average List Price
$595,587
Nov. 2014
%Change
$643,500
21%
28
-26%
$17,204,900
-25%
$614,461
2%
123
3%
53
-25%
4.39
40%
$667,788
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Nov. 2013
Median Price $415,000
Properties Sold
27
Sales Volume $11,395,500
Average Sale Price
$422,056
Properties For Sale 86
Average Days on Market
63
Months Supply of Inventory 3.19
Average List Price
$459,415
Nov. 2014
%Change
$450,000
8%
25
-7%
$11,845,900
4%
$473,836
12%
84
-2%
74
17%
3.36
5%
$431,420
-6%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Nov. 2013
Median Price $662,500
Properties Sold
54
Sales Volume $41,936,910
Average Sale Price
$662,500
Properties For Sale 185
Average Days on Market
52
Months Supply of Inventory 3.43
Average List Price
$740,952
Nov. 2014
%Change
$720,000
9%
43
-20%
$32,382,825
-23%
$720,000
9%
228
23%
66
27%
5.30
55%
$793,267
7%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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