Local Market Report September 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
Sept. 2012
Sept. 2013
Median Price $270,000
$325,000
20
17
-11
Properties Sold
19
Sales Volume $5,152,400
Average Sale Price
$271,179
Properties For Sale 62
Average Days on Market
32
Month’s Supply of Inventory 3.26
Average List Price
$286,025
$5,520,000
7
$324,706
20
33
-47
34
6
1.94
-40
$348,725
22
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Bell Canyon
Sept. 2012
Sept. 2013
%Change
Median Price $1,172,500
$1,300,000
11
3
50
$3,510,000
50
$1,170,000
0
34
36
103
-46
11.33
-9
$1,344,167
-30
Properties Sold
2
Sales Volume $2,345,000
Average Sale Price
$1,172,500
Properties For Sale 25
Average Days on Market
190
Month’s Supply of Inventory 12.50
Average List Price
$1,915,000
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
Sept. 2012
Sept. 2013
Median Price $522,000
$595,000
14
55
22
$34,059,299
36
$619,260
14
124
-18
41
-31
2.25
-31
$961,659
13
Properties Sold
45
Sales Volume $24,989,750
Average Sale Price
$543,255
Properties For Sale 151
Average Days on Market
59
Month’s Supply of Inventory 3.28
Average List Price
$609,681
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Calabasas
Sept. 2012
Sept. 2013
%Change
Median Price $975,500
$1,252,250
28
20
43
$29,341,562
95
$1,467,078
36
102
-8
58
-33
5.10
-36
$1,587,515
29
Properties Sold
14
Sales Volume $15,056,000
Average Sale Price
$1,075,429
Properties For Sale 111
Average Days on Market
87
Month’s Supply of Inventory 7.93
Average List Price
$1,230,105
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
Sept. 2012
Sept. 2013
Median Price $493,500
$675,000
37
16
-27
Properties Sold
22
Sales Volume $12,757,220
Average Sale Price
$579,874
Properties For Sale 104
Average Days on Market
94
Month’s Supply of Inventory 4.73
Average List Price
$517,652
$13,648,500
7
$853,031
47
69
-34
79
-16
4.31
-9
$674,587
30
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Encino
Sept. 2012
Sept. 2013
Median Price $847,500
$965,000
14
29
32
$30,850,250
62
$1,064,147
23
138
-19
64
12
4.76
-38
$1,458,278
22
Properties Sold
22
Sales Volume $19,035,425
Average Sale Price
$865,247
Properties For Sale 170
Average Days on Market
57
Month’s Supply of Inventory 7.73
Average List Price
$1,197,439
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Granada Hills
Sept. 2012
Sept. 2013
Median Price $401,000
$460,000
15
27
-21
$13,339,600
-6
$496,281
18
96
-30
28
-48
3.56
-12
$555,837
27
Properties Sold
34
Sales Volume $14,263,948
Average Sale Price
$419,528
Properties For Sale 138
Average Days on Market
54
Month’s Supply of Inventory 4.06
Average List Price
$437,585
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Hidden Hills
Sept. 2012
Sept. 2013
%Change
Median Price $7,000,000
$2,455,000
-65
2
100
$4,910,000
-30
$2,455,000
-65
Properties Sold
1
Sales Volume $7,000,000
Average Sale Price
$7,000,000
Properties For Sale 26
Average Days on Market
29
Month’s Supply of Inventory 26.00
Average List Price
$3,482,000
28
8
312
976
14.00
-46
$3,889,833
12
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
Sept. 2012
Sept. 2013
Median Price $349,000
$476,500
37
16
7
$7,642,000
36
$477,625
27
22
-27
49
-32
1.38
-31
$476,850
12
Properties Sold
15
Sales Volume $5,260,400
Average Sale Price
$374,693
Properties For Sale 30
Average Days on Market
72
Month’s Supply of Inventory 2.00
Average List Price
$424,975
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Mission Hills
Sept. 2012
Sept. 2013
Median Price $314,215
$342,686
Properties Sold
15
Sales Volume $4,228,629
Average Sale Price
$218,909
Properties For Sale 40
Average Days on Market
37
Month’s Supply of Inventory 2.67
Average List Price
$314,215
11
9 -27
$3,908,000
-8
$355,273
26
17
-58
41
11
1.55
-42
$342,686
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
9
North Hills
Sept. 2012
Sept. 2013
Median Price $344,500
$420,000
22
23
64
$9,939,500
112
$432,152
29
49
-36
34
-6
2.13
-61
$424,893
17
Properties Sold
14
Sales Volume $4,681,000
Average Sale Price
$334,357
Properties For Sale 76
Average Days on Market
36
Month’s Supply of Inventory 5.43
Average List Price
$362,371
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
North Hollywood
Sept. 2012
Sept. 2013
Median Price $320,000
$432,750
35
32
-26
Properties Sold
43
Sales Volume $13,887,100
Average Sale Price
$322,956
Properties For Sale 158
Average Days on Market
56
Month’s Supply of Inventory 3.67
Average List Price
$370,959
$14,126,095
2
$441,140
37
116
-27
46
-18
3.63
-1
$480,035
29
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Northridge
Sept. 2012
Sept. 2013
Median Price $510,000
$570,000
12
163
-25
Properties Sold
218
Sales Volume $38,032,837
Average Sale Price
$507,104
Properties For Sale 218
Average Days on Market
60
Month’s Supply of Inventory 2.91
Average List Price
$546,668
$37,336,798
-2
$583,387
15
163
-25
32
-47
2.55
-12
$657,890
20
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Pacoima
Sept. 2012
Sept. 2013
Median Price $226,500
$304,550
34
22
-31
$6,424,000
-12
$292,000
28
37
-59
42
-35
1.68
-40
$313,083
17
Properties Sold
32
Sales Volume $7,294,750
Average Sale Price
$227,961
Properties For Sale 90
Average Days on Market
65
Month’s Supply of Inventory 2.81
Average List Price
$267,955
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Reseda
Sept. 2012
Sept. 2013
Median Price $321,950
$382,000
19
35
-17
Properties Sold
42
Sales Volume $13,352,900
Average Sale Price
$317,926
Properties For Sale 115
Average Days on Market
48
Month’s Supply of Inventory 2.74
Average List Price
$358,639
$13,816,000
3
$394,743
24
76
-34
31
-35
2.17
-21
$420,337
17
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
San Fernando
Sept. 2012
Sept. 2013
Median Price $225,000
$290,000
29
11
57
$3,270,500
88
$297,318
20
29
-31
40
-18
2.64
-56
Properties Sold
7
Sales Volume $1,736,000
Average Sale Price
$248,000
Properties For Sale 42
Average Days on Market
49
Month’s Supply of Inventory 6.00
Average List Price
$278,500
$290,450
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
4
Shadow Hills
Sept. 2012
Sept. 2013
Median Price $600,000
$790,000
32
3
200
$2,467,000
311
$822,333
37
18
-10
40
-25
6.00
-70
$897,000
-22
Properties Sold
1
Sales Volume $600,000
Average Sale Price
$600,000
Properties For Sale 20
Average Days on Market
53
Month’s Supply of Inventory 20.00
Average List Price
$1,150,000
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Sherman Oaks
Sept. 2012
Sept. 2013
Median Price $775,000
$809,000
4
47
27
$46,689,810
57
$993,400
24
189
-8
48
-38
4.02
-28
$1,079,026
29
Properties Sold
37
Sales Volume $29,646,200
Average Sale Price
$801,249
Properties For Sale 206
Average Days on Market
78
Month’s Supply of Inventory 5.57
Average List Price
$835,064
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Studio City
Sept. 2012
Sept. 2013
%Change
Median Price $797,500
$1,072,000
34
34
13
$43,029,625
52
$1,265,577
34
113
15
53
-41
Properties Sold
30
Sales Volume $28,236,450
Average Sale Price
$941,215
Properties For Sale 98
Average Days on Market
90
Month’s Supply of Inventory 3.27
Average List Price
$1,203,009
3.32
2
$1,241,439
3
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
Sept. 2012
Sept. 2013
Median Price $306,750
$327,000
7
19
6
$6,430,000
12
$338,421
6
65
-8
41
-45
3.42
-13
$513,959
38
Properties Sold
18
Sales Volume $5,725,900
Average Sale Price
$318,106
Properties For Sale 71
Average Days on Market
74
Month’s Supply of Inventory 3.94
Average List Price
$371,585
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Sylmar
Sept. 2012
Sept. 2013
Median Price $299,975
$368,500
23
38
-24
$13,724,500
-7
$361,171
22
106
-31
50
-37
2.79
-9
$383,953
18
Properties Sold
50
Sales Volume $14,753,493
Average Sale Price
$295,070
Properties For Sale 154
Average Days on Market
79
Month’s Supply of Inventory 3.08
Average List Price
$325,435
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Tarzana
Sept. 2012
Sept. 2013
Median Price $715,000
$795,000
11
29
16
$26,557,450
36
$915,774
17
80
-38
40
-5
2.76
-46
$874,060
-10
Properties Sold
25
Sales Volume $19,535,581
Average Sale Price
$781,423
Properties For Sale 128
Average Days on Market
42
Month’s Supply of Inventory 5.12
Average List Price
$969,083
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Toluca Lake
Sept. 2012
Sept. 2013
Median Price $1,300,000
$850,000
Properties Sold
5
Sales Volume $9,438,600
Average Sale Price
$1,887,720
Properties For Sale 33
Average Days on Market
146
Month’s Supply of Inventory 6.60
Average List Price
$1,558,928
5
-35 0
$4,599,000
-51
$919,800
-51
27
-18
72
-51
5.40
-18
$3,857,090
147
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Valley Glen
Sept. 2012
Sept. 2013
Median Price $442,000
$592,000
34
20
150
$12,612,900
239
$630,645
36
36
-14
49
36
1.80
-66
Properties Sold
8
Sales Volume $3,720,000
Average Sale Price
$465,000
Properties For Sale 42
Average Days on Market
36
Month’s Supply of Inventory 5.25
Average List Price
$602,079
$608,848
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
1
Valley Village
Sept. 2012
Sept. 2013
Median Price $622,000
$770,000
24
11
-15
Properties Sold
13
Sales Volume $8,322,000
Average Sale Price
$640,154
Properties For Sale 40
Average Days on Market
54
Month’s Supply of Inventory 3.08
Average List Price
$773,369
$9,043,000
9
$822,091
28
30
-25
50
-7
2.73
-11
$813,950
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
5
Van Nuys
Sept. 2012
Sept. 2013
Median Price $305,000
$423,000
39
21
-32
Properties Sold
31
Sales Volume $9,567,000
Average Sale Price
$308,613
Properties For Sale 123
Average Days on Market
55
Month’s Supply of Inventory 3.97
Average List Price
$371,588
$9,721,500
2
$462,929
50
73
-41
46
-16
3.48
-12
$449,488
21
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
West Hills
Sept. 2012
Sept. 2013
Median Price $450,000
$570,000
27
41
-11
$25,665,600
10
$625,990
23
113
-25
60
-20
2.76
-16
$593,759
26
Properties Sold
46
Sales Volume $23,347,900
Average Sale Price
$507,553
Properties For Sale 151
Average Days on Market
75
Month’s Supply of Inventory 3.28
Average List Price
$470,784
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Winnetka
Sept. 2012 Median Price $355,000
Sept. 2013
%Change
$420,000
18
Properties Sold 24 Sales Volume $7,997,699
28
17
$11,796,900
48
Average Sale Price $333,237 Properties For Sale 82
$421,318
26
73
-11
Average Days on Market 55 Month’s Supply of Inventory 3.42
38
-31
2.61
-24
$437,052
32
Average List Price
$330,878
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Sept. 2012
Sept. 2013
Median Price $535,000
$650,000
21
65
12
$47,497,895
44
$730,737
28
200
-23
60
-29
3.08
-31
Properties Sold
58
Sales Volume $33,071,199
Average Sale Price
$570,193
Properties For Sale 260
Average Days on Market
84
Month’s Supply of Inventory 4.48
Average List Price
$724,298
$785,892
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
9
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