Local Market Report November 2013
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
San Fernando
18
Bell Canyon
4
Shadow Hills
19
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
Arleta
Nov. 2012
Nov. 2013
%Change
Median Price $267,500
$335,000
25
21
31
$6,912,250
56
$329,155
19
24
-48
41
11
1.14
-60
$354,635
20
Properties Sold
16
Sales Volume $4,431,000
Average Sale Price
$276,938
Properties For Sale 46
Average Days on Market
37
Month’s Supply of Inventory 2.88
Average List Price
$295,857
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
Nov. 2012
Nov. 2013
%Change
Median Price $1,025,000
$1,525,000
49
4
300
$7,165,000
599
$1,791,250
75
22
0
85
16
5.50
-75
$2,399,500
179
Properties Sold
1
Sales Volume $1,025,000
Average Sale Price
$1,025,000
Properties For Sale 22
Average Days on Market
73
Month’s Supply of Inventory 22.00
Average List Price
$859,475
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
Nov. 2012
Nov. 2013
%Change
Median Price $509,500
$607,150
19
46
0
$29,084,045
12
$632,262
12
108
-22
45
-32
2.35
-22
Properties Sold
46
Sales Volume $26,064,344
Average Sale Price
$566,616
Properties For Sale 138
Average Days on Market
66
Month’s Supply of Inventory 3.00
Average List Price
$703,498
$731,824
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
4
Calabasas
Nov. 2012
Nov. 2013
%Change
Median Price $976,000
$1,645,000
69
17
-23
$33,717,500
-2
$1,983,382
27
92
1
85
-26
5.41
31
$1,888,478
27
Properties Sold
22
Sales Volume $34,493,000
Average Sale Price
$1,567,864
Properties For Sale 91
Average Days on Market
115
Month’s Supply of Inventory 4.14
Average List Price
$1,485,743
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
Nov. 2012
Nov. 2013
%Change
Median Price $492,000
$492,500
0
Properties Sold
20
Sales Volume $10,391,000
Average Sale Price
$519,550
Properties For Sale 76
Average Days on Market
76
Month’s Supply of Inventory 3.81
Average List Price
$483,683
18
-10
$9,694,000
-7
$538,556
4
72
-5
60
-21
4.00
5
$598,871
24
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Nov. 2012
Nov. 2013
%Change
Median Price $665,000
$773,000
16
33
-15
Properties Sold
39
Sales Volume $30,838,750
Average Sale Price
$790,737
Properties For Sale 126
Average Days on Market
52
Month’s Supply of Inventory 3.23
Average List Price
$1,388,688
$32,224,500
4
$976,500
23
1113
-10
62
19
3.42
6
$1,306,578
-6
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Nov. 2012
Nov. 2013
%Change
Median Price $400,000
$456,000
14
49
4
$25,953,558
27
$529,664
21
82
-27
47
-19
1.67
-30
$569,677
20
Properties Sold
47
Sales Volume $20,503,175
Average Sale Price
$436,238
Properties For Sale 112
Average Days on Market
58
Month’s Supply of Inventory 2.38
Average List Price
$473,344
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Nov. 2012
Nov. 2013
%Change
Median Price $2,110,000
$3,250,000
54
3
50
$8,997,500
113
$2,999,167
42
19
-21
113
-19
6.33
-47
Properties Sold
2
Sales Volume $4,220,000
Average Sale Price
$2,110,000
Properties For Sale 24
Average Days on Market
139
Month’s Supply of Inventory 12.00
Average List Price
$2,395,000
$2,460,250
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
3
Lake Balboa
Nov. 2012
Nov. 2013
Median Price $390,500
$401,000
3
18
50
$7,618,500
68
$423,250
12
28
-15
35
-27
1.56
-43
$484,623
-2
Properties Sold
12
Sales Volume $4,528,300
Average Sale Price
$377,358
Properties For Sale 33
Average Days on Market
48
Month’s Supply of Inventory 2.75
Average List Price
$492,943
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Mission Hills
Nov. 2012
Nov. 2013
Median Price $297,500
$375,000
26
9
-50
$3,324,400
-40
$369,378
20
15
-53
54
86
1.67
-6
$388,192
26
Properties Sold
18
Sales Volume $5,535,000
Average Sale Price
$307,500
Properties For Sale 32
Average Days on Market
29
Month’s Supply of Inventory 1.78
Average List Price
$308,766
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
North Hills
Nov. 2012
Nov. 2013
%Change
Median Price $375,000
$420,000
12
23
-28
$9,420,500
-18
$409,587
15
38
-37
39
15
1.65
-12
$438,456
14
Properties Sold
32
Sales Volume $11,422,750
Average Sale Price
$356,961
Properties For Sale 60
Average Days on Market
34
Month’s Supply of Inventory 1.88
Average List Price
$386,156
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
Nov. 2012
Nov. 2013
%Change
Median Price $329,000
$409,000
24
48
17
$21,475,700
51
$447,410
29
105
-24
49
-25
2.19
-35
$481,202
36
Properties Sold
41
Sales Volume $14,247,405
Average Sale Price
$347,498
Properties For Sale 139
Average Days on Market
65
Month’s Supply of Inventory 3.39
Average List Price
$352,983
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Nov. 2012
Nov. 2013
%Change
Median Price $500,000
$606,500
21
59
2
$36,159,455
18
$612,872
16
125
-26
43
-38
2.12
-27
$675,115
33
Properties Sold
58
Sales Volume $30,561,700
Average Sale Price
$526,926
Properties For Sale 169
Average Days on Market
69
Month’s Supply of Inventory 2.91
Average List Price
$507,400
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Nov. 2012
Nov. 2013
%Change
Median Price $259,500
$285,000
10
13
-41
$3,684,900
-34
$283,454
11
32
-48
39
-17
2.46
-11
$317,237
34
Properties Sold
22
Sales Volume $5,606,000
Average Sale Price
$254,818
Properties For Sale 61
Average Days on Market
47
Month’s Supply of Inventory 2.77
Average List Price
$236,928
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Nov. 2012
Nov. 2013
%Change
Median Price $341,800
$375,000
10
33
-13
$12,646,500
-3
$383,227
12
71
-19
52
4
2.15
-7
$458,334
43
Properties Sold
38
Sales Volume $13,001,174
Average Sale Price
$342,136
Properties For Sale 88
Average Days on Market
50
Month’s Supply of Inventory 2.32
Average List Price
$320,226
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
Nov. 2012
Nov. 2013
%Change
Median Price $267,500
$320,000
20
11
-31
$3,518,000
-18
$319,818
19
22
-19
66
47
2.00
18
$324,356
9
Properties Sold
16
Sales Volume $4,301,400
Average Sale Price
$268,838
Properties For Sale 27
Average Days on Market
45
Month’s Supply of Inventory 1.69
Average List Price
$297,200
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
Nov. 2012
Nov. 2013
%Change
Median Price $478,000
$542,450
13
2
100
$1,084,900
127
$542,450
13
12
-43
77
-40
6.00
-71
$800,000
39
Properties Sold
1
Sales Volume $478,000
Average Sale Price
$478,000
Properties For Sale 21
Average Days on Market
129
Month’s Supply of Inventory 21.00
Average List Price
$577,500
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
Nov. 2012
Nov. 2013
%Change
Median Price $615,000
$751,000
22
56
10
$46,404,123
19
$828,645
9
167
5
54
-22
2.98
-4
$1,110,658
26
Properties Sold
51
Sales Volume $38,912,699
Average Sale Price
$762,994
Properties For Sale 159
Average Days on Market
69
Month’s Supply of Inventory 3.12
Average List Price
$879,623
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Nov. 2012
Nov. 2013
%Change
Median Price $977,000
$1,100,000
13
23
10
$28,197,250
22
$1,255,867
11
98
7
68
13
4.26
-3
$1,339,308
-1
Properties Sold
21
Sales Volume $23,166,950
Average Sale Price
$1,103,188
Properties For Sale 92
Average Days on Market
60
Month’s Supply of Inventory 4.38
Average List Price
$1,349,997
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
Nov. 2012
Nov. 2013
%Change
Median Price $282,500
$406,250
44
23
15
$9,802,850
54
$426,211
34
49
-16
52
18
2.13
-27
$334,659
-3
Properties Sold
20
Sales Volume $6,377,000
Average Sale Price
$318,850
Properties For Sale 58
Average Days on Market
44
Month’s Supply of Inventory 2.90
Average List Price
$344,411
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
Nov. 2012
Nov. 2013
%Change
Median Price $300,000
$385,000
28
32
-30
$12,475,000
-9
$389,844
31
85
-39
50
-40
2.66
-13
Properties Sold
46
Sales Volume $13,648,899
Average Sale Price
$296,715
Properties For Sale 140
Average Days on Market
84
Month’s Supply of Inventory 3.04
Average List Price
$344,482
$371,884
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8
Tarzana
Nov. 2012
Nov. 2013
%Change
Median Price $750,000
$636,000
-15
18
-42
$14,011,000
-53
$778,389
-19
79
-31
60
0
4.39
18
$1,113,797
19
Properties Sold
31
Sales Volume $29,655,500
Average Sale Price
$956,629
Properties For Sale 115
Average Days on Market
60
Month’s Supply of Inventory 3.71
Average List Price
$937,698
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Nov. 2012
Nov. 2013
%Change
Median Price $1,550,000
$849,000
-45
Properties Sold
7
Sales Volume $11,668,000
Average Sale Price
$1,666,857
Properties For Sale 33
Average Days on Market
36
Month’s Supply of Inventory 4.71
Average List Price
$1,303,559
7 $7,680,000
-34
$1,097,143
-34
15
-55
48
33
2.14
-55
$1,602,800
23
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0
Valley Glen
Nov. 2012
Nov. 2013
%Change
Median Price $530,000
$619,000
17
17
55
$10,106,000
67
$594,471
8
27
-7
72
85
1.59
-40
$692,940
12
Properties Sold
11
Sales Volume $6,049,000
Average Sale Price
$549,909
Properties For Sale 29
Average Days on Market
39
Month’s Supply of Inventory 2.64
Average List Price
$616,308
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
Nov. 2012
Nov. 2013
%Change
Median Price $709,500
$895,000
26
9
-25
$7,385,000
-22
Properties Sold
12
Sales Volume $9,460,173
Average Sale Price
$788,348
Properties For Sale 37
Average Days on Market
29
Month’s Supply of Inventory 3.08
Average List Price
$692,391
$820,556
4
42
14
63
117
4.67
52
$831,606
20
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Nov. 2012
Nov. 2013
%Change
Median Price $320,000
$390,000
22
31
-16
$12,374,112
-5
$399,165
14
63
-43
42
-22
2.03
-32
$412,652
26
Properties Sold
37
Sales Volume $12,970,399
Average Sale Price
$350,551
Properties For Sale 110
Average Days on Market
54
Month’s Supply of Inventory 2.97
Average List Price
$328,327
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
Nov. 2012
Nov. 2013
%Change
Median Price $460,000
$530,000
15
39
-24
$23,341,811
-9
$598,508
19
110
-8
70
-3
2.82
20
$592,570
23
Properties Sold
51
Sales Volume $25,613,680
Average Sale Price
$502,229
Properties For Sale 120
Average Days on Market
72
Month’s Supply of Inventory 2.35
Average List Price
$483,497
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Nov. 2012 Median Price $337,500
Nov. 2013
%Change
$417,750
24
Properties Sold 30 Sales Volume $10,226,600
28
-7
$11,869,500
16
Average Sale Price $340,887 Properties For Sale 60
$423,911
24
66
10
Average Days on Market 63 Month’s Supply of Inventory 2.00
61
-3
2.36
18
$467,012
33
Average List Price
$351,364
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Nov. 2012
Nov. 2013
%Change
Median Price $519,700
$662,500
27
54
-4
$41,936,910
29
$776,609
33
160
-25
52
-21
2.96
-22
Properties Sold
56
Sales Volume $32,611,390
Average Sale Price
$582,346
Properties For Sale 213
Average Days on Market
66
Month’s Supply of Inventory 3.80
Average List Price
$700,065
$759,079
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8
RODEO REALTY MARKETING DEPARTMENT