Local Market Report August 2015
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 2014
Median Price $385,750
Properties Sold
8
Sales Volume $3,058,000
Average Sale Price
$382,250
Properties For Sale 63
Average Days on Market
41
Months Supply of Inventory 8
Average List Price
$343,487
August 2015 %Change $408,500 16
100%
$6,256,900
105%
$391,056
2%
37
-41%
46
12%
2
-75%
$396,298
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6%
Bell Canyon
August 2014
Median Price $1,303,500
August 2015 %Change $1,277,000
-2%
2
0%
$2,554,000
-2%
$1,277,000
-2%
24
-27%
76
98
29%
Months Supply of Inventory 17
12
-29%
Properties Sold
2
Sales Volume $2,607,000
Average Sale Price
$1,303,500
Properties For Sale 33
Average Days on Market
Average List Price
$1,441,600
$1,481,300
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
3%
Burbank
August 2014
Median Price $577,450
Properties Sold
74
Sales Volume $45,299,661
Average Sale Price
$612,158
Properties For Sale 188
Average Days on Market
47
Months Supply of Inventory 3
Average List Price
$710,800
August 2015 %Change $639,900
11%
77
4%
$48,975,618
8%
$636,047
4%
204
9%
49
4%
3
0%
$733,147
3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
August 2014
Median Price $1,160,000
Properties Sold
38
Sales Volume $45,417,499
Average Sale Price
$1,195,197
Properties For Sale 140
Average Days on Market
66
Months Supply of Inventory 4
Average List Price
$1,397,783
August 2015 %Change $786,395
-32%
30
-21%
$33,786,710
-26%
$1,126,224
-6%
164
17%
74
12%
5
25%
$1,696,789
21%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
August 2014
Median Price $400,000
Properties Sold
55
Sales Volume $27,227,273
Average Sale Price
$495,041
Properties For Sale 154
Average Days on Market
70
Months Supply of Inventory 3
Average List Price
$725,858
August 2015 %Change $532,000
33%
40
-27%
$22,289,937
-18%
$557,248
13%
124
-19%
48
-31%
3.00
0%
$753,699
4%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
August 2014
Median Price $680,000
Properties Sold
53
Sales Volume $53,972,976
Average Sale Price
$1,018,358
Properties For Sale 238
Average Days on Market
69
Months Supply of Inventory 4
Average List Price
$1,075,238
August 2015 %Change $746,000
10%
70
32%
$77,700,700
44%
$1,110,010
9%
232
-3%
53
-23%
3
-25%
$1,259,960
17%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
August 2014
Median Price $500,000
Properties Sold
43
Sales Volume $24,008,037
Average Sale Price
$558,326
Properties For Sale 170
Average Days on Market
58
Months Supply of Inventory 4
Average List Price
$540,723
August 2015 %Change $575,000
15%
46
7%
$27,378,650
14%
$595,188
7%
142
-16%
42
-28%
3
-25%
$633,801
17%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
August 2014
Median Price $3,150,000
Properties Sold
4
Sales Volume $12,150,000
Average Sale Price
$3,037,500
Properties For Sale 39
Average Days on Market
100
Months Supply of Inventory 10
Average List Price
$5,281,973
August 2015 %Change $3,362,500 2
-50%
$6,725,000
-45%
$3,362,500
11%
32
-18%
161
61%
16
60%
$4,357,167
-18%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Lake Balboa
August 2014
Median Price $450,000
Properties Sold
16
Sales Volume $7,210,800
Average Sale Price
$450,675
Properties For Sale 75
Average Days on Market
53
Months Supply of Inventory 5
Average List Price
$457,332
August 2015 %Change $496,500
10%
17
6%
$8,170,150
13%
$480,597
7%
67
-11%
63
19%
4
-20%
$491,597
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Mission Hills
August 2014
Median Price $400,000
Properties Sold
11
Sales Volume $4,206,000
Average Sale Price
$390,240
Properties For Sale 34
Average Days on Market
42
Months Supply of Inventory 3
Average List Price
$390,240
August 2015 %Change $462,500
16%
10
-9%
$4,681,200
11%
$432,395
11%
36
6%
45
7%
4
33%
$432,395
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
August 2014
Median Price $400,000
Properties Sold
11
Sales Volume $4,206,000
Average Sale Price
$382,364
Properties For Sale 34
Average Days on Market
42
Months Supply of Inventory 3
Average List Price
$390,240
August 2015 %Change $462,500
16%
10
-9%
$4,681,200
11%
$468,120
22%
36
6%
45
7%
4
33%
$432,395
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
August 2014
Median Price $390,500
Properties Sold
48
Sales Volume $19,037,500
Average Sale Price
$396,615
Properties For Sale 170
Average Days on Market
67
Months Supply of Inventory 4
Average List Price
$450,391
August 2015 %Change $478,000
22%
49
2%
$24,643,950
29%
$502,938
27%
147
-14%
45
-33%
3
-25%
$547,051
21%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
August 2014
Median Price $579,500
Properties Sold
86
Sales Volume $52,687,123
Average Sale Price
$612,641
Properties For Sale 292
Average Days on Market
57
Months Supply of Inventory 3
Average List Price
$589,481
August 2015 %Change $570,000
-2%
85
-1%
$53,926,051
2%
$634,424
4%
278
-5%
54
-5%
3
0%
$682,499
16%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
August 2014
Median Price $299,000
Properties Sold
21
Sales Volume $6,158,400
Average Sale Price
$293,257
Properties For Sale 71
Average Days on Market
47
Months Supply of Inventory 3
Average List Price
$352,207
August 2015 %Change $327,450
10%
22
5%
$7,032,499
14%
$319,659
9%
54
-24%
57
21%
2
-33%
$374,524
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6%
Reseda
August 2014
Median Price $400,000
Properties Sold
35
Sales Volume $13,242,950
Average Sale Price
$378,370
Properties For Sale 151
Average Days on Market
68
Months Supply of Inventory 4
Average List Price
$400,216
August 2015 %Change $415,000
4%
41
17%
$16,455,291
24%
$401,349
6%
134
-11%
47
-31%
3
-25%
$447,561
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
August 2014
Median Price $342,500
Properties Sold
10
Sales Volume $3,230,000
Average Sale Price
$323,000
Properties For Sale 42
Average Days on Market
38
Months Supply of Inventory 4
Average List Price
$353,086
August 2015 %Change $375,000 7
-30%
$2,442,000
-24%
$348,857
8%
47
12%
64
68%
7
75%
$339,321
-4%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Shadow Hills
August 2014
Median Price $725,000
Properties Sold
5
Sales Volume $3,427,000
Average Sale Price
$685,400
Properties For Sale 20
Average Days on Market
117
Months Supply of Inventory 4
Average List Price
$812,779
August 2015 %Change $606,934
-16%
6
20%
$3,957,868
15%
$659,645
-4%
12
-40%
74
-37%
2
-50%
$969,380
19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
August 2014
Median Price $700,000
Properties Sold
82
Sales Volume $66,750,925
Average Sale Price
$814,036
Properties For Sale 311
Average Days on Market
61
Months Supply of Inventory 4
Average List Price
$803,408
August 2015 %Change $657,500
-6%
108
32%
$95,483,588
43%
$884,107
9%
$262
-16%
$46
-25%
2
-50%
$1,025,310
28%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
August 2014
Median Price $959,500
Properties Sold
44
Sales Volume $48,596,400
Average Sale Price
$1,104,464
Properties For Sale 183
Average Days on Market
60
Months Supply of Inventory 4
Average List Price
$1,067,094
August 2015 %Change $975,000
2%
57
30%
$62,184,324
28%
$1,090,953
-1%
185
1%
58
-3%
3
-25%
$1,306,827
22%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
August 2014
Median Price $425,000
Properties Sold
15
Sales Volume $6,491,500
Average Sale Price
$432,767
Properties For Sale 80
Average Days on Market
59
Months Supply of Inventory 5
Average List Price
$473,277
August 2015 %Change $445,000
5%
26
73%
$12,594,000
94%
$484,385
12%
73
-9%
54
-8%
3
-40%
$432,179
-9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
August 2014
Median Price $341,200
Properties Sold
54
Sales Volume $18,741,249
Average Sale Price
$347,060
Properties For Sale 190
Average Days on Market
53
Months Supply of Inventory 4
Average List Price
$370,144
August 2015 %Change $404,500
19%
68
26%
$26,855,749
43%
$394,937
14%
$184
-3%
49
-8%
3
-25%
$403,359
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Tarzana
August 2014
Median Price $341,200
Properties Sold
54
Sales Volume $18,741,249
Average Sale Price
$347,060
Properties For Sale 190
Average Days on Market
53
Months Supply of Inventory 4
Average List Price
$370,144
August 2015 %Change $404,500
19%
68
26%
$18,741,249
0%
$394,937
14%
184
-3%
49
-8%
3
-25%
$403,359
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Toluca Lake
August 2014
Median Price $725,000
Properties Sold
9
Sales Volume $6,333,500
Average Sale Price
$703,722
Properties For Sale 52
Average Days on Market
56
Months Supply of Inventory 6
Average List Price
$1,111,727
August 2015 %Change $699,000
-4%
13
44%
$18,548,000
193%
$1,426,769
103%
44
-15%
80
43%
3
-50%
$1,358,045
22%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
August 2014
Median Price $579,000
Properties Sold
12
Sales Volume $6,583,000
Average Sale Price
$548,583
Properties For Sale 72
Average Days on Market
43
Months Supply of Inventory 6
Average List Price
$610,145
August 2015 %Change $585,000
1%
19
58%
$11,166,500
70%
$587,711
7%
83
15%
64
49%
4
-33%
$655,820
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Valley Village
August 2014
Median Price $790,000
Properties Sold
21
Sales Volume $15,558,500
Average Sale Price
$740,881
Properties For Sale 71
Average Days on Market
50
Months Supply of Inventory 3
Average List Price
$709,307
August 2015 %Change $860,000
9%
23
10%
$21,996,300
41%
$956,361
29%
47
-34%
34
-32%
2
-33%
$964,602
36%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
August 2014
Median Price $372,000
Properties Sold
38
Sales Volume $15,116,000
Average Sale Price
$397,789
Properties For Sale 132
Average Days on Market
64
Months Supply of Inventory 3
Average List Price
$432,285
August 2015 %Change $433,920
17%
32
-16%
$14,535,235
-4%
$397,789
0%
118
-11%
45
-30%
4
33%
$464,288
7%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
August 2014
Median Price $567,250
Properties Sold
42
Sales Volume $24,056,500
Average Sale Price
$572,774
Properties For Sale 152
Average Days on Market
47
Months Supply of Inventory 4
Average List Price
$588,041
August 2015 %Change $567,500
0%
52
24%
$31,185,740
30%
$599,726
5%
132
-13%
70
49%
3
-25%
$686,098
17%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
August 2014
Median Price $420,000
Properties Sold
27
Sales Volume $10,958,000
Average Sale Price
$405,852
Properties For Sale 120
Average Days on Market
60
Months Supply of Inventory 4
Average List Price
$436,858
August 2015 %Change $472,500
13%
32
19%
$14,584,000
33%
$455,750
12%
84
-30%
60
0%
3
-25%
$465,750
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Woodland Hills
August 2014
Median Price $600,000
Properties Sold
78
Sales Volume $53,292,400
Average Sale Price
$683,236
Properties For Sale 321
Average Days on Market
71
Months Supply of Inventory 4
Average List Price
$711,679
August 2015 %Change $640,000
7%
95
22%
$68,178,944
28%
$717,673
5%
267
-17%
50
-30%
3
-25%
$792,615
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT