Local Market Report September 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
19
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Arleta
Sept 2013
Sept 2014
%Change
Median Price $340,500
$375,000
10%
14
-13%
$5,177,650
-1%
$369,832
13%
41
-15%
69
109%
Properties Sold
16
Sales Volume $5,240,000
Average Sale Price
$327,500
Properties For Sale 48
Average Days on Market
33
Months Supply of Inventory 3.00
Average List Price
$347,621
2.93
-2%
$377,389
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Bell Canyon
Sept 2013
Median Price $1,300,000
Properties Sold
3
Sales Volume $3,510,000
Average Sale Price
$1,170,000
Properties For Sale 35
Average Days on Market
103
Months Supply of Inventory 11.67
Average List Price
$1,319,500
Sept 2014
%Change
$805,000
-38%
3
0%
$2,871,000
-18%
$957,000
-18%
30
-14%
41
-60%
10.00
-14%
$1,601,571
21%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Burbank
Sept 2013
Sept 2014
%Change
Median Price $592,500
$669,000
13%
49
-9%
$36,648,698
9%
$747,933
20%
109
-22%
50
22%
2.22
-14%
$783,246
15%
Properties Sold
54
Sales Volume $33,536,299
Average Sale Price
$621,043
Properties For Sale 139
Average Days on Market
41
Months Supply of Inventory 2.57
Average List Price
$680,083
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Calabasas
Sept 2013
Median Price $1,252,250
Properties Sold
20
Sales Volume $29,341,562
Average Sale Price
$1,467,078
Properties For Sale 115
Average Days on Market
58
Months Supply of Inventory 5.75
Average List Price
$1,565,298
Sept 2014
%Change
$1,675,000
34%
19
-5%
$36,915,000
26%
$1,942,895
32%
110
-4%
99
71%
5.79
1%
$1,668,075
7%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Chatsworth
Sept 2013
Median Price $675,000
Properties Sold
16
Sales Volume $13,648,500
Average Sale Price
$853,031
Properties For Sale 81
Average Days on Market
79
Months Supply of Inventory 5.06
Average List Price
$667,247
Sept 2014
%Change
$528,500
-22%
32
100%
$20,465,490
50%
$639,547
-25%
100
23%
70
-11%
3.13
-38%
$679,161
2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Encino
Sept 2013
Median Price $965,000
Properties Sold
29
Sales Volume $30,860,250
Average Sale Price
$1,064,147
Properties For Sale 160
Average Days on Market
64
Months Supply of Inventory 5.52
Average List Price
$1,466,951
Sept 2014
%Change
$1,082,600
12%
29
0%
$34,740,800
13%
$1,197,959
13%
152
-5%
67
5%
5.24
-5%
$1,418,351
-3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Granada Hills
Sept 2013 Median Price $457,500
Sept 2014
%Change
$539,000
18%
Properties Sold 26 Sales Volume $12,847,100
45
73%
$25,381,300
98%
Average Sale Price $494,119 Properties For Sale 122
$564,029
14%
118
-3%
38
41%
2.62
-44%
$601,906
10%
Average Days on Market
27
Months Supply of Inventory 4.69
Average List Price
$549,202
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Hidden Hills
Sept 2013
Median Price $2,455,000
Properties Sold
2
Sales Volume $4,910,000
Average Sale Price
$2,455,000
Properties For Sale 30
Average Days on Market
96
Months Supply of Inventory 15.00
Average List Price
$3,840,000
Sept 2014
%Change
$1,725,000
-30%
1
-50%
$1,725,000
-65%
$1,725,000
-30%
35
17%
100
4%
35.00 $3,873,000
133% 1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Lake Balboa
Sept 2013
Median Price $478,000
Properties Sold
15
Sales Volume $7,290,000
Average Sale Price
$486,000
Properties For Sale 30
Average Days on Market
51
Months Supply of Inventory 2.00
Average List Price
$461,700
Sept 2014
%Change
$487,500
2%
10
-33%
$4,864,000
-33%
$484,400
0%
53
77%
37
-27%
5.30
165%
$494,988
7%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Mission Hills
Sept 2013
Median Price $375,000
Properties Sold
11
Sales Volume $3,908,000
Average Sale Price
$355,273
Properties For Sale 21
Average Days on Market
41
Months Supply of Inventory 1.91
Average List Price
$338,400
Sept 2014
%Change
$409,000
9%
8
-27%
$3,138,000
-20%
$392,250
10%
16
-24%
89
117%
2.00
5%
$404,679
20%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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North Hills
Sept 2013
Median Price $420,000
Properties Sold
23
Sales Volume $9,939,500
Average Sale Price
$432,152
Properties For Sale 64
Average Days on Market
34
Months Supply of Inventory 2.78
Average List Price
$420,152
Sept 2014
%Change
$432,500
3%
16
-30%
$7,231,500
-27%
$451,969
5%
56
-13%
66
94%
3.50
26%
$432,252
3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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North Hollywood
Sept 2013
Median Price $428,000
Properties Sold
33
Sales Volume $14,521,095
Average Sale Price
$440,033
Properties For Sale 140
Average Days on Market
47
Months Supply of Inventory 4.24
Average List Price
$472,120
Sept 2014
%Change
$485,000
13%
45
36%
$22,563,200
55%
$501,404
14%
106
-24%
46
-2%
2.36
-44%
$469,588
-1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Northridge
Sept 2013
Median Price $570,000
Properties Sold
65
Sales Volume $37,734,298
Average Sale Price
$580,528
Properties For Sale 191
Average Days on Market
32
Months Supply of Inventory 2.94
Average List Price
$654,818
Sept 2014
%Change
$580,000
2%
64
-2%
$38,142,299
1%
$595,973
3%
187
-2%
70
119%
2.92
-1%
$698,408
7%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Pacoima
Sept 2013
Median Price $300,000
Properties Sold
21
Sales Volume $6,088,000
Average Sale Price
$289,905
Properties For Sale 50
Average Days on Market
44
Months Supply of Inventory 2.38
Average List Price
$311,074
Sept 2014
%Change
$350,000
17%
28
33%
$9,651,900
59%
$344,711
19%
41
-18%
41
-7%
1.46
-39%
$348,060
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Reseda
Sept 2013
Median Price $381,000
Properties Sold
36
Sales Volume $14,060,000
Average Sale Price
$390,167
Properties For Sale 100
Average Days on Market
32
Months Supply of Inventory 2.78
Average List Price
$422,139
Sept 2014
%Change
$416,500
9%
29
-19%
$12,089,000
-14%
$416,862
7%
96
-4%
48
50%
3.31
19%
$431,073
2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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San Fernando
Sept 2013
Median Price $290,000
Properties Sold
11
Sales Volume $3,270,500
Average Sale Price
$297,318
Properties For Sale 37
Average Days on Market
40
Months Supply of Inventory 3.36
Average List Price
$288,903
Sept 2014
%Change
$339,450
17%
12
9%
$4,188,900
28%
$349,075
17%
32
-14%
$64
60%
2.67
-21%
$344,114
19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Shadow Hills
Sept 2013
Median Price $790,000
Properties Sold
3
Sales Volume $2,467,000
Average Sale Price
$822,333
Properties For Sale 18
Average Days on Market
40
Months Supply of Inventory 6.00
Average List Price
$897,000
Sept 2014
%Change
$755,000
-4%
2
-33%
$1,510,000
-39%
$755,000
-8%
19
6%
$114
185%
9.50
58%
$809,680
-10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Sherman Oaks
Sept 2013
Median Price $803,000
Properties Sold
47
Sales Volume $45,089,110
Average Sale Price
$959,343
Properties For Sale 208
Average Days on Market
49
Months Supply of Inventory 4.43
Average List Price
$1,047,687
Sept 2014
%Change
$860,000
7%
61
30%
$61,693,010
37%
$1,011,361
5%
200
-4%
64
31%
3.28
-26%
$1,173,771
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Studio City
Sept 2013
Median Price $1,072,000
Properties Sold
34
Sales Volume $43,029,625
Average Sale Price
$1,265,577
Properties For Sale 122
Average Days on Market
53
Months Supply of Inventory 3.59
Average List Price
$1,208,677
Sept 2014
%Change
$960,000
-10%
25
-26%
$36,794,500
-14%
$1,471,780
16%
106
-13%
68
28%
4.24
18%
$1,377,894
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Sun Valley
Sept 2013
Median Price $327,000
Properties Sold
19
Sales Volume $6,430,000
Average Sale Price
$338,421
Properties For Sale 76
Average Days on Market
41
Months Supply of Inventory 4.00
Average List Price
$498,414
Sept 2014
%Change
$395,000
21%
13
-32%
$5,480,000
-15%
$421,538
25%
55
-28%
59
44%
4.23
6%
$502,226
1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Sylmar
Sept 2013
Median Price $367,000
Properties Sold
37
Sales Volume $13,354,500
Average Sale Price
$360,932
Properties For Sale 127
Average Days on Market
49
Months Supply of Inventory 3.43
Average List Price
$380,989
Sept 2014
%Change
$405,000
10%
36
-3%
$14,716,000
10%
$408,778
13%
101
-20%
50
2%
2.81
-18%
$420,687
10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Tarzana
Sept 2013
Median Price $812,500
Properties Sold
28
Sales Volume $25,832,450
Average Sale Price
$922,588
Properties For Sale 97
Average Days on Market
42
Months Supply of Inventory 3.46
Average List Price
$861,419
Sept 2014
%Change
$634,000
-22%
16
-43%
$18,144,000
-30%
$1,008,000
9%
122
26%
71
69%
6.78
96%
$1,275,995
48%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Toluca Lake
Sept 2013
Median Price $850,000
Properties Sold
5
Sales Volume $4,599,000
Average Sale Price
$919,800
Properties For Sale 26
Average Days on Market
72
Months Supply of Inventory 5.20
Average List Price
$3,577,439
Sept 2014
%Change
$814,240
-4%
6
20%
$6,423,480
40%
$1,070,580
16%
28
8%
62
-14%
4.67
-10%
$1,416,500
-60%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Valley Glen
Sept 2013 Median Price $592,000
Sept 2014
%Change
$635,000
7%
Properties Sold 20 Sales Volume $12,612,900
15
-25%
$9,514,500
-25%
Average Sale Price
$630,645
Properties For Sale 39
Average Days on Market
49
Months Supply of Inventory 1.95
Average List Price
$621,640
$634,300
1%
42
8%
57
16%
2.80
44%
$655,317
5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Valley Village
Sept 2013
Median Price $770,000
Properties Sold
11
Sales Volume $9,043,000
Average Sale Price
$822,091
Properties For Sale 33
Average Days on Market
50
Months Supply of Inventory 3.00
Average List Price
$775,445
Sept 2014
%Change
$821,500
7%
9
-18%
$9,165,500
1%
$1,018,389
24%
31
-6%
50
0%
3.44
15%
$983,099
27%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Van Nuys
Sept 2013
Median Price $423,000
Properties Sold
21
Sales Volume $9,721,500
Average Sale Price
$462,929
Properties For Sale 95
Average Days on Market
46
Months Supply of Inventory 4.52
Average List Price
$445,952
Sept 2014
%Change
$401,000
-5%
27
29%
$11,593,166
19%
$429,377
-7%
91
-4%
57
24%
3.37
-25%
$487,512
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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West Hills
Sept 2013
Median Price $574,000
Properties Sold
42
Sales Volume $26,315,600
Average Sale Price
$626,562
Properties For Sale 127
Average Days on Market
59
Months Supply of Inventory 3.02
Average List Price
$587,282
Sept 2014
%Change
$523,500
-9%
30
-29%
$17,514,000
-33%
$583,800
-7%
131
3%
75
27%
4.37
45%
$639,393
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Winnetka
Sept 2013
Median Price $420,000
Properties Sold
28
Sales Volume $11,796,900
Average Sale Price
$421,318
Properties For Sale 88
Average Days on Market
38
Months Supply of Inventory 3.14
Average List Price
$436,816
Sept 2014
%Change
$449,000
7%
18
-36%
$8,365,400
-29%
$464,744
10%
72
-18%
63
66%
4.00
27%
$450,784
3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Woodland Hills
Sept 2013
Median Price $650,000
Properties Sold
65
Sales Volume $48,167,895
Average Sale Price
$741,045
Properties For Sale 226
Average Days on Market
60
Months Supply of Inventory 3.48
Average List Price
$782,379
Sept 2014
%Change
$739,250
14%
50
-23%
$40,178,800
-17%
$803,576
8%
236
4%
65
8%
4.72
36%
$850,222
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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