Local Market Report October 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.
RodeoRE.com
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
Oct. 2013
Oct. 2014
%Change
Median Price $360,000
$353,500
-2%
17
0%
$5,685,200
-6%
$334,424
-6%
28
-44%
66
89%
1.65
-44%
$368,962
18%
Properties Sold
17
Sales Volume $6,056,500
Average Sale Price
$356,265
Properties For Sale 50
Average Days on Market
35
Months Supply of Inventory 2.94
Average List Price
$313,441
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
Oct. 2013
Median Price $1,300,000
Properties Sold
3
Sales Volume $4,675,000
Average Sale Price
$1,170,000
Properties For Sale 29
Average Days on Market
103
Months Supply of Inventory 11.67
Average List Price
$1,609,400
Oct. 2014
%Change
$805,000
-38%
3 $0
-100%
$957,000
-18%
34
17%
41
-60%
10.67
-9%
$1,800,556
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
Burbank
Oct. 2013
Oct. 2014
%Change
Median Price $615,000
$650,000
6%
Properties Sold
65
Sales Volume $40,470,850
Average Sale Price
$622,628
Properties For Sale 142
Average Days on Market
42
Months Supply of Inventory 2.18
Average List Price
$631,657
40
-38%
$27,146,000
-33%
$678,650 122
-14%
49
17%
3.05
40%
$762,777
21%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Calabasas
Oct. 2013
Median Price $1,031,250
Properties Sold
24
Sales Volume $35,704,918
Average Sale Price
$1,487,705
Properties For Sale 110
Average Days on Market
63
Months Supply of Inventory 4.58
Average List Price
$1,640,800
Oct. 2014
%Change
$1,100,500
7%
21
-13%
$41,988,500
18%
$1,999,452
34%
105
-5%
79
25%
5.00
9%
$2,086,643
27%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
Oct. 2013
Oct. 2014
%Change
Median Price $590,000
$557,500
-6%
24
4%
$20,862,500
48%
$869,271
42%
101
0%
82
64%
4.21
-4%
$674,029
-16%
Properties Sold
23
Sales Volume $14,077,574
Average Sale Price
$612,068
Properties For Sale 101
Average Days on Market
50
Months Supply of Inventory 4.39
Average List Price
$800,129
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Oct. 2013
Median Price $1,247,500
Properties Sold
36
Sales Volume $50,737,225
Average Sale Price
$1,409,367
Properties For Sale 160
Average Days on Market
46
Months Supply of Inventory 4.44
Average List Price
$1,292,487
Oct. 2014
%Change
$1,024,000
-18%
41
14%
$51,540,397
2%
$1,257,083
-11%
139
-13%
58
26%
3.39
-24%
$1,557,173
20%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Oct. 2013 Median Price $500,000
Oct. 2014
%Change
$507,000
1%
Properties Sold 56 Sales Volume $29,850,627
46
-18%
$23,638,677
-21%
Average Sale Price $533,047 Properties For Sale 119
$513,884
-4%
118
-1%
50
-2%
2.57
21%
$603,401
10%
Average Days on Market
51
Months Supply of Inventory 2.13
Average List Price
$546,359
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Oct. 2013
Median Price $2,707,500
Properties Sold
2
Sales Volume $5,415,000
Average Sale Price
$2,707,500
Properties For Sale 25
Average Days on Market
118
Months Supply of Inventory 12.50
Average List Price
$4,083,600
Oct. 2014
%Change
$2,250,000
-17%
2 $4,500,000
-17%
$2,250,000
-17%
31
24%
89
-25%
15.50
24%
$6,293,556
54%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
Lake Balboa
Oct. 2013
Oct. 2014
%Change
Median Price $429,000
$464,450
8%
Properties Sold
20
Sales Volume $8,984,800
Average Sale Price
$449,240
Properties For Sale 25
Average Days on Market
42
Months Supply of Inventory 1.25
Average List Price
$443,607
18
-10%
$8,414,600
-6%
$467,478
4%
56
124%
56
33%
3.11
149%
$484,061
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Mission Hills
Oct. 2013
Oct. 2014
%Change
Median Price $372,000
$405,100
9%
Properties Sold
13
Sales Volume $5,045,300
Average Sale Price
$388,100
Properties For Sale 23
Average Days on Market
37
Months Supply of Inventory 1.77
Average List Price
$396,945
7
-46%
$2,809,100
-44%
$401,300
3%
24
4%
32
-14%
3.43
94%
$449,086
13%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
Oct. 2013
Oct. 2014
%Change
Median Price $422,500
$480,000
14%
19
19%
$8,811,500
35%
$463,763
14%
46
-27%
46
-10%
2.42
-39%
Properties Sold
16
Sales Volume $6,513,450
Average Sale Price
$407,091
Properties For Sale 63
Average Days on Market
51
Months Supply of Inventory 3.94
Average List Price
$425,454
$445,694
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
5%
North Hollywood
Oct. 2013
Oct. 2014
%Change
Median Price $380,000
$450,000
18%
27
-29%
$12,045,750
-24%
Properties Sold
38
Sales Volume $15,823,398
Average Sale Price
$416,405
Properties For Sale 134
Average Days on Market
47
Months Supply of Inventory 3.53
Average List Price
$439,305
$446,139 113
-16%
54
15%
4.19
19%
$496,561
13%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Northridge
Oct. 2013
Oct. 2014
%Change
Median Price $565,000
$597,500
6%
66
3%
$39,070,734
1%
$591,981
-2%
189
6%
70
43%
2.86
3%
$649,625
1%
Properties Sold
64
Sales Volume $38,540,450
Average Sale Price
$602,195
Properties For Sale 178
Average Days on Market
49
Months Supply of Inventory 2.78
Average List Price
$640,395
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Oct. 2013
Oct. 2014
%Change
Median Price $302,500
$287,500
-5%
24
20%
$7,247,000
22%
$301,958
1%
Properties Sold
20
Sales Volume $5,951,400
Average Sale Price
$297,570
Properties For Sale 54
Average Days on Market
41
Months Supply of Inventory 2.70
Average List Price
$307,515
40
-26%
44
7%
1.67 $335,917
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-38% 9%
Reseda
Oct. 2013
Oct. 2014
%Change
Median Price $397,000
$415,000
5%
Properties Sold
35
Sales Volume $13,979,249
Average Sale Price
$399,407
Properties For Sale 97
Average Days on Market
48
Months Supply of Inventory 2.77
Average List Price
$388,993
25
-29%
$10,732,285
-23%
$429,291 83
-14%
55
15%
3.32
20%
$440,804
13%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
San Fernando
Oct. 2013
Oct. 2014
%Change
Median Price $298,000
$320,000
7%
Properties Sold
13
Sales Volume $3,780,000
Average Sale Price
$290,769
Properties For Sale 39
Average Days on Market
38
Months Supply of Inventory 3.00
Average List Price
$342,393
10
-23%
$3,125,000
-17%
$312,500 35
-10%
46
21%
3.50
17%
$392,812
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Shadow Hills
Oct. 2013
Oct. 2014
%Change
Median Price $633,250
$595,000
-6%
2
0%
$1,190,000
-6%
$595,000
-6%
15
-12%
165
346%
7.50
-12%
Properties Sold
2
Sales Volume $1,266,500
Average Sale Price
$633,250
Properties For Sale 17
Average Days on Market
37
Months Supply of Inventory 8.50
Average List Price
$946,300
$960,000
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
1%
Sherman Oaks
Oct. 2013
Oct. 2014
%Change
Median Price $827,630
$833,000
1%
63
9%
$56,562,915
3%
$897,824
-6%
182
-18%
51
2%
Properties Sold
58
Sales Volume $55,143,715
Average Sale Price
$950,754
Properties For Sale 222
Average Days on Market
50
Months Supply of Inventory 3.83
Average List Price
$1,052,434
2.89
-25%
$1,238,945
18%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Oct. 2013
Median Price $990,000
Properties Sold
28
Sales Volume $34,145,200
Average Sale Price
$1,219,471
Properties For Sale 117
Average Days on Market
72
Months Supply of Inventory 4.18
Average List Price
$1,425,481
Oct. 2014
%Change
$1,200,000
21%
39
39%
$52,474,639
54%
$1,345,504
10%
90
-23%
66
-8%
2.31
-45%
$1,547,099
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Sun Valley
Oct. 2013
Oct. 2014
%Change
Median Price $384,975
$380,000
-1%
19
-14%
$8,090,500
-24%
$425,816
-12%
52
-32%
58
14%
2.74
-22%
Properties Sold
22
Sales Volume $10,690,950
Average Sale Price
$485,952
Properties For Sale 77
Average Days on Market
51
Months Supply of Inventory 3.50
Average List Price
$443,119
$471,595
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6%
Sylmar
Oct. 2013
Oct. 2014
%Change
Median Price $365,000
$375,000
3%
Properties Sold
63
Sales Volume $22,605,907
Average Sale Price
$358,824
Properties For Sale 127
Average Days on Market
45
Months Supply of Inventory 2.02
Average List Price
$378,011
41
-35%
$16,100,500
-29%
$392,695 112
-12%
55
22%
2.73
35%
$426,889
13%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Tarzana
Oct. 2013
Oct. 2014
%Change
Median Price $832,500
$889,500
7%
Properties Sold
26
Sales Volume $21,797,900
Average Sale Price
$838,381
Properties For Sale 103
Average Days on Market
50
Months Supply of Inventory 3.96
Average List Price
$1,142,924
22
-15%
$21,066,500
-3%
$957,568
14%
127
23%
72
44%
5.77
46%
$1,148,660
1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Oct. 2013
Median Price $1,135,000
Properties Sold
8
Sales Volume $10,720,000
Average Sale Price
$1,340,000
Properties For Sale 20
Average Days on Market
96
Months Supply of Inventory 2.50
Average List Price
$1,246,750
Oct. 2014
%Change
$995,000
-12%
7
-13%
$8,245,000
-23%
$1,177,857
-12%
26
30%
90
-6%
3.71
48%
$1,321,789
6%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
Oct. 2013 Median Price $557,500
Oct. 2014
%Change
$599,500
8%
Properties Sold 10 Sales Volume $5,890,000
12
20%
$7,080,500
20%
$599,500
8%
47
12%
80
60%
3.92
-7%
$686,738
12%
Average Sale Price
$557,500
Properties For Sale 42
Average Days on Market
50
Months Supply of Inventory 4.20
Average List Price
$611,720
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
Oct. 2013
Oct. 2014
%Change
Median Price $786,548
$934,500
19%
10
-38%
$9,884,000
-15%
$988,400
35%
39
22%
69
60%
3.90
95%
$872,709
10%
Properties Sold
16
Sales Volume $11,672,595
Average Sale Price
$729,537
Properties For Sale 32
Average Days on Market
43
Months Supply of Inventory 2.00
Average List Price
$794,508
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Oct. 2013
Oct. 2014
%Change
Median Price $405,000
$475,000
17%
29
-12%
Properties Sold
33
Sales Volume $13,693,149
Average Sale Price
$414,944
Properties For Sale 97
Average Days on Market
46
Months Supply of Inventory 2.94
Average List Price
$448,880
$14,539,229
6%
$501,353
21%
86
-11%
57
24%
2.97
1%
$512,780
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
Oct. 2013
Oct. 2014
%Change
Median Price $505,000
$540,000
7%
41
-2%
$25,256,125
12%
$616,003
14%
141
10%
58
35%
3.44
13%
$629,314
6%
Properties Sold
42
Sales Volume $22,626,800
Average Sale Price
$538,733
Properties For Sale 128
Average Days on Market
43
Months Supply of Inventory 3.05
Average List Price
$595,296
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Oct. 2013
Oct. 2014
%Change
Median Price $417,000
$446,000
7%
Properties Sold
31
Sales Volume $12,674,189
Average Sale Price
$408,845
Properties For Sale 90
Average Days on Market
52
Months Supply of Inventory 2.90
Average List Price
$445,115
20
-35%
$9,000,000
-29%
$450,000
10%
78
-13%
53
2%
3.90
34%
$449,735
1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Oct. 2013
Oct. 2014
%Change
Median Price $651,500
$665,750
2%
62
15%
$43,926,770
14%
$708,496
-1%
236
7%
50
-21%
3.81
-6%
$857,744
18%
Properties Sold
54
Sales Volume $38,500,021
Average Sale Price
$712,963
Properties For Sale 220
Average Days on Market
63
Months Supply of Inventory 4.07
Average List Price
$725,357
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT