Local Market Report October 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.
RodeoRE.com
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
Oct. 2012
Oct. 2013
%Change
Median Price $272,500
$359,000
32
20
-23
$9,801,500
40
$490,075
82
39
-29
32
-56
1.95
-8
$305,866
6
Properties Sold
26
Sales Volume $6,992,499
Average Sale Price
$268,942
Properties For Sale 55
Average Days on Market
72
Month’s Supply of Inventory 2.12
Average List Price
$289,190
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
Oct. 2012
Oct. 2013
%Change
Median Price $873,000
$1,300,000
49
3
-40
$4,675,000
-15
$1,568,333
41
28
17
128
147
15
Month’s Supply of Inventory 4.80
9.33
94
$1,649,590
38
Properties Sold
5
Sales Volume $5,532,500
Average Sale Price
$1,106,500
Properties For Sale 24
Average Days on Market
Average List Price
$1,198,333
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
Oct. 2012
Oct. 2013
%Change
Median Price $515,000
$615,000
19
63
24
$39,560,850
51
$627,950
23
124
-22
41
-39
1.97
-37
Properties Sold
51
Sales Volume $26,124,450
Average Sale Price
$512,244
Properties For Sale 159
Average Days on Market
67
Month’s Supply of Inventory 3.12
Average List Price
$585,340
$638,483
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9
Calabasas
Oct. 2012
Oct. 2013
%Change
Median Price $1,100,000
$1,031,250
-6
24
26
$35,704,918
20
$1,487,705
-5
97
-8
63
-32
4.04
-28
$1,655,800
29
Properties Sold
19
Sales Volume $29,799,000
Average Sale Price
$1,568,368
Properties For Sale 106
Average Days on Market
92
Month’s Supply of Inventory 5.58
Average List Price
$1,280,665
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
Oct. 2012
Oct. 2013
%Change
Median Price $390,500
$590,000
51
23
-15
$14,077,574
17
$612,068
37
83
-10
50
-29
Properties Sold
27
Sales Volume $12,081,700
Average Sale Price
$447,740
Properties For Sale 92
Average Days on Market
70
Month’s Supply of Inventory 3.41
Average List Price
$603,492
3.61
6
$806,592
34
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Oct. 2012
Oct. 2013
%Change
Median Price $646,000
$1,195,000
85
37
0
$51,172,225
80
$1,383,033
80
140
-10
45
-36
3.78
-10
$1,319,220
20
Properties Sold
37
Sales Volume $28,367,625
Average Sale Price
$766,693
Properties For Sale 156
Average Days on Market
70
Month’s Supply of Inventory 4.22
Average List Price
$1,100,041
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Oct. 2012
Oct. 2013
%Change
Median Price $410,000
$490,000
20
57
10
$30,070,627
30
$527,555
19
99
-20
50
-23
1.74
-27
$547,591
20
Properties Sold
52
Sales Volume $23,055,026
Average Sale Price
$443,366
Properties For Sale 124
Average Days on Market
65
Month’s Supply of Inventory 2.38
Average List Price
$457,014
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Oct. 2012
Oct. 2013
%Change
Median Price $2,550,000
$2,707,500
6
2
0
$5,415,000
6
$2,707,500
6
Properties Sold
2
Sales Volume $5,100,000
Average Sale Price
$2,550,000
Properties For Sale 29
Average Days on Market
58
Month’s Supply of Inventory 14.50
Average List Price
$3,227,833
23
-21
118
103
11.50
-21
$4,103,600
27
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
Oct. 2012
Oct. 2013
%Change
Median Price $375,000
$429,000
14
20
33
$8,984,800
54
$449,240
15
19
-34
42
-49
0.95
-51
$450,650
16
Properties Sold
15
Sales Volume $5,842,380
Average Sale Price
$389,492
Properties For Sale 29
Average Days on Market
83
Month’s Supply of Inventory 1.93
Average List Price
$388,350
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
Oct. 2012
Oct. 2013
%Change
Median Price $312,500
$372,000
19
13
-41
$5,145,300
-25
$395,792
27
20
-41
37
-38
1.54
-1
$392,345
18
Properties Sold
22
Sales Volume $6,865,500
Average Sale Price
$312,068
Properties For Sale 34
Average Days on Market
60
Month’s Supply of Inventory 1.55
Average List Price
$331,177
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
Oct. 2012
Oct. 2013
%Change
Median Price $350,000
$420,000
20
17
-35
$6,763,450
-23
$397,850
18
51
-25
48
-24
3.00
15
$424,838
14
Properties Sold
26
Sales Volume $8,774,000
Average Sale Price
$337,462
Properties For Sale 68
Average Days on Market
63
Month’s Supply of Inventory 2.62
Average List Price
$372,504
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
Oct. 2012
Oct. 2013
%Change
Median Price $311,000
$380,000
22
38
-22
$15,823,398
-4
$416,405
24
114
-27
47
0
3.00
-6
$451,110
32
Properties Sold
49
Sales Volume $16,428,400
Average Sale Price
$335,273
Properties For Sale 157
Average Days on Market
47
Month’s Supply of Inventory 3.20
Average List Price
$342,622
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Oct. 2012
Oct. 2013
%Change
Median Price $461,250
$559,000
21
67
-20
$39,708,450
-4
$592,663
20
141
-25
50
-18
2.10
-6
$648,238
24
Properties Sold
84
Sales Volume $41,369,309
Average Sale Price
$492,492
Properties For Sale 188
Average Days on Market
61
Month’s Supply of Inventory 2.24
Average List Price
$521,889
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Oct. 2012
Oct. 2013
%Change
Median Price $265,500
$300,000
13
21
-42
$6,101,400
-33
$290,543
16
41
-44
46
-8
1.95
-4
$309,330
26
Properties Sold
36
Sales Volume $9,041,890
Average Sale Price
$251,164
Properties For Sale 73
Average Days on Market
50
Month’s Supply of Inventory 2.03
Average List Price
$245,058
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Oct. 2012
Oct. 2013
%Change
Median Price $330,000
$397,500
20
36
-23
$14,449,249
-3
$401,368
26
75
-26
51
-2
2.08
-4
$392,807
10
Properties Sold
47
Sales Volume $14,938,600
Average Sale Price
$317,843
Properties For Sale 102
Average Days on Market
52
Month’s Supply of Inventory 2.17
Average List Price
$356,859
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
Oct. 2012
Oct. 2013
%Change
Median Price $256,535
$346,077
35
13
18
$3,780,000
31
$290,769
11
31
-28
38
-28
2.38
-39
$346,077
35
Properties Sold
11
Sales Volume $2,885,149
Average Sale Price
$262,286
Properties For Sale 43
Average Days on Market
53
Month’s Supply of Inventory 3.91
Average List Price
$256,535
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
Oct. 2012
Oct. 2013
%Change
Median Price $607,500
$633,250
4
2
0
$1,266,500
4
$633,250
4
Properties Sold
2
Sales Volume $1,215,000
Average Sale Price
$607,500
Properties For Sale 18
Average Days on Market
118
Month’s Supply of Inventory 9.00
Average List Price
$664,800
16
-11
37
-69
8.00
-11
$946,300
42
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
Oct. 2012
Oct. 2013
%Change
Median Price $730,000
$817,630
12
58
-5
$54,216,215
9
$934,762
14
202
8
50
-34
3.48
13
$1,071,290
10
Properties Sold
61
Sales Volume $49,941,900
Average Sale Price
$818,720
Properties For Sale 187
Average Days on Market
76
Month’s Supply of Inventory 3.07
Average List Price
$978,155
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Oct. 2012
Oct. 2013
%Change
Median Price $840,000
$990,000
18
28
-20
$34,145,200
-5
$1,219,471
19
106
6
72
18
3.79
33
$1,425,214
23
Properties Sold
35
Sales Volume $35,800,250
Average Sale Price
$1,022,864
Properties For Sale 100
Average Days on Market
61
Month’s Supply of Inventory 2.86
Average List Price
$1,154,158
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
Oct. 2012
Oct. 2013
%Change
Median Price $299,900
$380,000
27
23
-15
$10,875,950
21
$472,867
42
64
-7
49
-13
Properties Sold
27
Sales Volume $8,982,400
Average Sale Price
$332,681
Properties For Sale 69
Average Days on Market
56
Month’s Supply of Inventory 2.56
Average List Price
$312,466
2.78
9
$445,856
43
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
Oct. 2012
Oct. 2013
%Change
Median Price $322,320
$365,000
13
66
22
$23,753,907
39
$359,908
14
107
-32
44
-28
1.62
-44
$384,003
18
Properties Sold
54
Sales Volume $17,072,937
Average Sale Price
$316,166
Properties For Sale 157
Average Days on Market
61
Month’s Supply of Inventory 2.91
Average List Price
$326,767
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Oct. 2012
Oct. 2013
%Change
Median Price $492,500
$832,500
69
26
37
$21,797,900
70
$838,381
24
86
-35
50
-21
3.31
-53
$1,159,839
23
Properties Sold
19
Sales Volume $12,813,400
Average Sale Price
$674,389
Properties For Sale 133
Average Days on Market
63
Month’s Supply of Inventory 7.00
Average List Price
$945,409
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Oct. 2012
Oct. 2013
%Change
Median Price $829,500
$1,135,000
37
8
14
$10,720,000
47
$1,340,000
29
20
-41
96
2
Properties Sold
7
Sales Volume $7,298,500
Average Sale Price
$1,042,643
Properties For Sale 34
Average Days on Market
94
Month’s Supply of Inventory 4.86
Average List Price
$1,337,307
2.50
-49
$1,246,750
-7
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
Oct. 2012
Oct. 2013
%Change
Median Price $581,750
$557,500
-4
10
-17
$5,890,000
-9
$589,000
10
35
-5
50
-32
3.50
14
$635,797
7
Properties Sold
12
Sales Volume $6,444,500
Average Sale Price
$537,042
Properties For Sale 37
Average Days on Market
73
Month’s Supply of Inventory 3.08
Average List Price
$594,758
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
Oct. 2012
Oct. 2013
%Change
Median Price $670,500
$823,095
23
15
50
$11,294,595
75
$752,973
16
30
-29
45
-29
2.00
-52
$831,642
34
Properties Sold
10
Sales Volume $6,472,400
Average Sale Price
$647,240
Properties For Sale 42
Average Days on Market
63
Month’s Supply of Inventory 4.20
Average List Price
$619,615
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Oct. 2012
Oct. 2013
%Change
Median Price $289,195
$405,000
40
34
-32
$13,725,149
-15
$415,914
29
85
-23
45
-25
2.50
14
$456,643
25
Properties Sold
50
Sales Volume $16,178,337
Average Sale Price
$323,567
Properties For Sale 110
Average Days on Market
60
Month’s Supply of Inventory 2.20
Average List Price
$366,388
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
Oct. 2012
Oct. 2013
%Change
Median Price $435,000
$500,000
15
43
-10
$22,960,800
-2
$533,972
10
114
-20
42
-48
2.65
-10
$610,949
19
Properties Sold
48
Sales Volume $23,384,300
Average Sale Price
$487,173
Properties For Sale 142
Average Days on Market
81
Month’s Supply of Inventory 2.96
Average List Price
$514,734
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Oct. 2012 Median Price $335,000
Oct. 2013
%Change
$415,000
24
Properties Sold 38 Sales Volume $12,688,250
29
-24
$11,809,189
-7
Average Sale Price $333,901 Properties For Sale 72
$407,213
22
70
-3
Average Days on Market 41 Month’s Supply of Inventory 1.89
52
27
2.41
28
$449,415
25
Average List Price
$358,298
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Oct. 2012
Oct. 2013
%Change
Median Price $570,050
$650,000
14
55
-14
Properties Sold
64
Sales Volume $36,631,475
Average Sale Price
$572,367
Properties For Sale 238
Average Days on Market
81
Month’s Supply of Inventory 3.72
Average List Price
$640,015
$38,959,021
6
$708,346
24
193
-19
64
-21
3.51
-6
$745,794
17
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT