Local Market Report August 2016
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
Rodeo Realty RodeoRE.com
19
Arleta
August 2015
Median Price $408,500
Properties Sold
16
Sales Volume $6,247,900
Average Sale Price
$390,494
Properties For Sale 47
Average Days on Market
46
Months Supply of Inventory 3
Average List Price
$397,787
August 2016 %Change $425,000
4%
21
31%
$8,621,800
38%
$410,562
5%
28
-40%
40
-13%
1
-67%
$406,194
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Bell Canyon
August 2015
Median Price $1,277,000
August 2016 %Change $970,000
-24%
1
-50%
$970,000
-62%
$970,000
-24%
22
-19%
98
91
-7%
Months Supply of Inventory 14
22
57%
$1,577,756
6%
Properties Sold
2
Sales Volume $2,554,000
Average Sale Price
$1,277,000
Properties For Sale 27
Average Days on Market
Average List Price
$1,493,225
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
August 2015
Median Price $639,900
Properties Sold
77
Sales Volume $48,975,618
Average Sale Price
$636,047
Properties For Sale 216
Average Days on Market
49
Months Supply of Inventory 3
Average List Price
$722,165
August 2016 %Change $717,750
12%
72
-6%
$50,934,677
4%
$707,426
11%
196
-9%
53
8%
3
0%
$797,420
10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
August 2015
Median Price $786,395
Properties Sold
30
Sales Volume $34,036,710
Average Sale Price
$1,134,557
Properties For Sale 181
Average Days on Market
69
Months Supply of Inventory 6
Average List Price
$1,698,311
August 2016 %Change $1,124,500
43%
38
27%
$55,101,499
62%
$1,450,039
28%
136
-25%
93
35%
4
-33%
$1,620,074
-5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
August 2015
Median Price $532,000
Properties Sold
40
Sales Volume $22,289,937
Average Sale Price
$557,248
Properties For Sale 136
Average Days on Market
48
Months Supply of Inventory 3
Average List Price
$734,010
August 2016 %Change $600,000
13%
45
13%
$31,069,600
39%
$690,436
24%
128
-6%
62
29%
3
0%
$807,847
10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
August 2015
Median Price $746,000
Properties Sold
70
Sales Volume $77,700,700
Average Sale Price
$1,110,010
Properties For Sale 255
Average Days on Market
53
Months Supply of Inventory 4
Average List Price
$1,225,508
August 2016 %Change $925,000
24%
74
6%
$94,423,979
22%
$1,276,000
15%
211
-17%
68
28%
3
-25%
$1,354,143
10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
August 2015
Median Price $582,000
Properties Sold
46
Sales Volume $27,528,650
Average Sale Price
$598,449
Properties For Sale 155
Average Days on Market
41
Months Supply of Inventory 3
Average List Price
$620,008
August 2016 %Change $563,500
-3%
50
9%
$29,724,500
8%
$594,490
-1%
136
-12%
45
10%
3
0%
$654,459
6%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
August 2015
Median Price $3,362,500
Properties Sold
2
Sales Volume $6,725,000
Average Sale Price
$3,362,500
Properties For Sale 36
Average Days on Market
161
Months Supply of Inventory 18
Average List Price
$4,328,167
August 2016 %Change $3,275,000
-3%
3
50%
$8,410,000
25%
$2,803,333
-17%
30
-17%
89
-45%
10
-44%
$4,885,000
13%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
August 2015
Median Price $496,500
Properties Sold
17
Sales Volume $480,597
Average Sale Price
$480,597
Properties For Sale 68
Average Days on Market
63
Months Supply of Inventory 4
Average List Price
$487,613
August 2016 %Change $525,000
6%
23
35%
$532,104
11%
$532,104
11%
64
-6%
49
-22%
3
-25%
$543,816
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
August 2015
Median Price $462,500
Properties Sold
10
Sales Volume $4,681,200
Average Sale Price
$468,120
Properties For Sale 39
Average Days on Market
45
Months Supply of Inventory 4
Average List Price
$430,059
August 2016 %Change $482,500
4%
10
0%
$4,668,000
0%
$466,800
0%
25
-36%
50
11%
3
-25%
$439,966
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
North Hills
August 2015
Median Price $450,000
Properties Sold
25
Sales Volume $10,827,100
Average Sale Price
$433,084
Properties For Sale 103
Average Days on Market
61
Months Supply of Inventory 4
Average List Price
$392,122
August 2016 %Change $476,000
6%
26
4%
$12,181,400
13%
$468,515
8%
75
-27%
71
16%
3
-25%
$471,796
20%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
August 2015
Median Price $478,000
Properties Sold
49
Sales Volume $24,643,950
Average Sale Price
$502,938
Properties For Sale 168
Average Days on Market
45
Months Supply of Inventory 3
Average List Price
$538,365
August 2016 %Change $489,000 39
-20%
$19,204,750
-22%
$492,429
-2%
128
-24%
40
-11%
3
0%
$508,788
-5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Northridge
August 2015
Median Price $585,000
Properties Sold
85
Sales Volume $54,296,051
Average Sale Price
$638,777
Properties For Sale 307
Average Days on Market
51
Months Supply of Inventory 3
Average List Price
$686,353
August 2016 %Change $655,000
12%
89
5%
$62,094,742
14%
$697,694
9%
264
-14%
57
12%
4
33%
$762,275
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
August 2015
Median Price $329,900
Properties Sold
23
Sales Volume $7,437,499
Average Sale Price
$323,370
Properties For Sale 71
Average Days on Market
55
August 2016 %Change $350,500
6%
28
22%
$13,522,149
82%
$482,934
49%
50
-30%
45
-18%
Months Supply of Inventory 3
Average List Price
$374,122
$390,522
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-100% 4%
Reseda
August 2015
Median Price $412,500
Properties Sold
42
Sales Volume $16,803,797
Average Sale Price
$400,090
Properties For Sale 151
Average Days on Market
47
Months Supply of Inventory 4
Average List Price
$449,590
August 2016 %Change $465,000
13%
49
17%
$21,918,317
30%
$447,313
12%
112
-26%
53
13%
2
-50%
$464,639
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
3%
San Fernando
August 2015
Median Price $375,000
Properties Sold
7
Sales Volume $2,442,000
Average Sale Price
$348,857
Properties For Sale 58
Average Days on Market
64
Months Supply of Inventory 8
Average List Price
$337,210
August 2016 %Change $419,000
12%
11
57%
$4,315,675
77%
$392,334
12%
34
-41%
32
-50%
3
-63%
$432,670
28%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
August 2015
Median Price $606,934
Properties Sold
6
Sales Volume $3,957,868
Average Sale Price
$659,645
Properties For Sale 13
Average Days on Market
74
Months Supply of Inventory 2
Average List Price
$937,580
August 2016 %Change $600,000
-1%
8
33%
$5,054,000
28%
$631,750
-4%
22
69%
45
-39%
3
50%
$969,929
3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
August 2015
Median Price $657,500
Properties Sold
108
Sales Volume $95,483,588
Average Sale Price
$884,107
Properties For Sale 288
Average Days on Market
46
Months Supply of Inventory 3
Average List Price
$1,011,502
August 2016 %Change $827,500
26%
90
-17%
$89,056,275
-7%
$989,514
12%
296
3%
59
28%
3
0%
$1,297,572
28%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
August 2015
Median Price $980,250
Properties Sold
60
Sales Volume $65,905,324
Average Sale Price
$1,098,422
Properties For Sale 198
Average Days on Market
57
Months Supply of Inventory 3
Average List Price
$1,291,873
August 2016 %Change $1,165,000
19%
57
-5%
$71,350,710
8%
$1,251,767
14%
194
-2%
67
18%
3
0%
$1,413,075
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
August 2015
Median Price $445,000
Properties Sold
26
Sales Volume $12,594,000
Average Sale Price
$484,385
Properties For Sale 80
Average Days on Market
54
Months Supply of Inventory 3
Average List Price
$429,111
August 2016 %Change $503,000
13%
21
-19%
$10,851,000
-14%
$516,714 42
-48%
57
6%
2
-33%
$474,668
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Sylmar
August 2015
Median Price $405,000
Properties Sold
64
Sales Volume $25,394,749
Average Sale Price
$396,793
Properties For Sale 206
Average Days on Market
49
Months Supply of Inventory 3
Average List Price
$405,149
August 2016 %Change $452,500
12%
62
-3%
$27,431,979
8%
$442,451
12%
152
-26%
55
12%
2
-33%
$460,058
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
August 2015
Median Price $580,000
Properties Sold
38
Sales Volume $27,239,900
Average Sale Price
$716,839
Properties For Sale 200
Average Days on Market
66
Months Supply of Inventory 5
Average List Price
$1,124,579
August 2016 %Change $546,750
-6%
48
26%
$43,234,050
59%
$900,709
26%
158
-21%
60
-9%
3
-40%
$1,009,783
-10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
August 2015
Median Price $687,000
Properties Sold
14
Sales Volume $19,177,000
Average Sale Price
$1,369,786
Properties For Sale 46
Average Days on Market
78
Months Supply of Inventory 3
Average List Price
$1,351,426
August 2016 %Change $534,000 15
7%
$18,693,000
-3%
$1,246,200
-9%
41
-11%
55
-29%
3
0%
$1,364,430
1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-22%
Valley Glen
August 2015
Median Price $585,000
Properties Sold
19
Sales Volume $11,166,500
Average Sale Price
$587,711
Properties For Sale 90
Average Days on Market
64
Months Supply of Inventory 5
Average List Price
$655,438
August 2016 %Change $682,500
17%
22
16%
$15,462,250
38%
$702,830
20%
50
-44%
48
-25%
2
-60%
$644,033
-2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
August 2015
Median Price $860,000
Properties Sold
23
Sales Volume $21,996,300
Average Sale Price
$956,361
Properties For Sale 52
Average Days on Market
34
Months Supply of Inventory 2
Average List Price
$951,220
August 2016 %Change $837,316
-3%
24
4%
$24,744,289
12%
$1,031,012
8%
51
-2%
51
50%
2
0%
$1,099,648
16%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
August 2015
Median Price $433,920
Properties Sold
32
Sales Volume $14,535,235
Average Sale Price
$454,226
Properties For Sale 133
Average Days on Market
45
Months Supply of Inventory 4
Average List Price
$451,625
August 2016 %Change $440,000
1%
34
6%
$14,819,607
2%
$435,871
-4%
90
-32%
60
33%
3
-25%
$506,488
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
August 2015
Median Price $570,000
Properties Sold
51
Sales Volume $30,710,740
Average Sale Price
$602,171
Properties For Sale 145
Average Days on Market
71
Months Supply of Inventory 3
Average List Price
$683,059
August 2016 %Change $630,000
11%
53
4%
$34,954,000
14%
$659,509
10%
127
-12%
46
-35%
2
-33%
$684,325
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
Winnetka
August 2015
Median Price $472,500
Properties Sold
32
Sales Volume $14,584,000
Average Sale Price
$455,750
Properties For Sale 100
Average Days on Market
60
Months Supply of Inventory 3
Average List Price
$457,689
August 2016 %Change $515,000
9%
33
3%
$16,147,925
11%
$489,331
7%
74
-26%
44
-27%
2
-33%
$469,022
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Woodland Hills
August 2015
Median Price $639,500
Properties Sold
96
Sales Volume $68,708,944
Average Sale Price
$715,718
Properties For Sale 292
Average Days on Market
55
Months Supply of Inventory 3
Average List Price
$780,459
August 2016 %Change $650,000
2%
87
-9%
$56,989,950
-17%
$655,057
-8%
306
5%
44
-20%
4
33%
$778,510
0%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT