Local Market Report February 2016
San Fernando Valley Area At Rodeo Realty, we believe education is the key to helping clients make the best possible Febisions 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
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19
Arleta
Feb 2015
Feb 2016
%Change
Median Price $352,500
$470,000
33%
6
-50%
$2,947,000
-30%
$491,167
40%
33
-18%
37
-51%
6
100%
Properties Sold
12
Sales Volume $4,197,800
Average Sale Price
$349,817
Properties For Sale 40
Average Days on Market
76
Months Supply of Inventory 3
Average List Price
$393,016
$413,505
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
5%
Bell Canyon
Feb 2015
Median Price $1,147,500
Properties Sold
4
Sales Volume $4,777,500
Average Sale Price
$1,194,375
Properties For Sale 30
Average Days on Market
152
Months Supply of Inventory 8
Average List Price
$1,558,843
Feb 2016 $1,417,500
24%
2
-50%
$2,835,000
-41%
$1,417,500
19%
14
-53%
103
-32%
7
-13%
$1,229,667
-21%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Burbank
Feb 2015
Feb 2016
%Change
Median Price $657,000
$720,000
10%
23
-18%
$18,731,399
-12%
Properties Sold
28
Sales Volume $21,190,500
Average Sale Price
$756,804
Properties For Sale 128
Average Days on Market
70
Months Supply of Inventory 5
Average List Price
$785,252
$814,409 105
-18%
58
-17%
5
0%
$794,717
1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Calabasas
Feb 2015
Median Price $1,025,000
Properties Sold
9
Sales Volume $9,750,500
Average Sale Price
$1,083,389
Properties For Sale 119
Average Days on Market
179
Months Supply of Inventory 13
Average List Price
$1,740,478
Feb 2016 $1,112,500
9%
16
78%
$27,492,000
182%
$1,718,250
59%
84
-29%
88
-51%
5
-62%
$1,886,305
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
8%
Chatsworth
Feb 2015
Feb 2016
%Change
Median Price $530,000
$535,000
1%
Properties Sold
22
Sales Volume $13,006,300
Average Sale Price
$591,195
Properties For Sale 86
Average Days on Market
115
Months Supply of Inventory 4
Average List Price
$869,292
17
-23%
$12,557,550
-3%
$738,679
25%
67
-22%
75
-35%
4
0%
$863,418
-1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Feb 2015
Median Price $1,532,030
Properties Sold
24
Sales Volume $32,655,750
Average Sale Price
$1,360,656
Properties For Sale 160
Average Days on Market
81
Months Supply of Inventory 7
Average List Price
$1,532,030
Feb 2016 $1,711,652
12%
26
8%
$35,373,500
8%
$1,360,519
0%
136
-15%
74
-9%
5
-29%
$1,711,652
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Granada Hills
Feb 2015
Feb 2016
%Change
Median Price $647,919
$587,666
-9%
23
-4%
$15,039,139
11%
$653,876
16%
85
-15%
59
31%
4
0%
$587,666
-9%
Properties Sold
24
Sales Volume $13,573,350
Average Sale Price
$565,556
Properties For Sale 100
Average Days on Market
45
Months Supply of Inventory 4
Average List Price
$647,919
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Feb 2015
Median Price $2,675,000
Properties Sold
2
Sales Volume $5,350,000
Average Sale Price
$2,675,000
Properties For Sale 32
Average Days on Market
127
Months Supply of Inventory 16
Average List Price
$4,762,295
Feb 2016 $2,525,000
-6%
1
-50%
$2,525,000
-53%
$2,525,000
-6%
31
-3%
6
-95%
31
94%
$8,914,250
87%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Lake Balboa
Feb 2015
Feb 2016
%Change
Median Price $465,800
$500,000
7%
13
8%
$6,614,874
10%
$508,836
1%
Properties Sold
12
Sales Volume $6,027,301
Average Sale Price
$502,275
Properties For Sale 53
Average Days on Market
68
Months Supply of Inventory 4
Average List Price
$508,272
46
-13%
54
-21%
4
0%
$529,040
4%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
Feb 2015
Feb 2016
%Change
Median Price $420,000
$425,000
1%
9
29%
$3,870,000
45%
$430,000
13%
17
-32%
63
11%
2
-50%
Properties Sold
7
Sales Volume $2,672,745
Average Sale Price
$381,821
Properties For Sale 25
Average Days on Market
57
Months Supply of Inventory 4
Average List Price
$442,468
$479,799
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
North Hills
Feb 2015
Feb 2016
%Change
Median Price $457,500
$517,875
13%
8
-60%
$4,028,250
-54%
$503,531
15%
35
-34%
123
151%
4
33%
$572,731
17%
Properties Sold
20
Sales Volume $8,740,000
Average Sale Price
$437,000
Properties For Sale 53
Average Days on Market
49
Months Supply of Inventory 3
Average List Price
$491,248
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
Feb 2015
Feb 2016
%Change
Median Price $450,000
$495,000
10%
31
29%
$15,879,950
44%
$512,256
12%
99
-10%
64
8%
3
-40%
$630,476
19%
Properties Sold
24
Sales Volume $10,995,811
Average Sale Price
$458,159
Properties For Sale 110
Average Days on Market
59
Months Supply of Inventory 5
Average List Price
$531,577
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Feb 2015
Feb 2016
%Change
Median Price $623,500
$640,000
3%
42
11%
$27,597,287
12%
$657,078
1%
Properties Sold
38
Sales Volume $24,742,790
Average Sale Price
$651,126
Properties For Sale 200
Average Days on Market
67
Months Supply of Inventory 5
Average List Price
$691,815
170
-15%
53
-21%
4
-20%
$732,295
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6%
Pacoima
Feb 2015
Feb 2016
%Change
Median Price $335,000
$347,500
4%
Properties Sold
14
Sales Volume $4,525,400
Average Sale Price
$323,243
Properties For Sale 50
Average Days on Market
45
Months Supply of Inventory 4
Average List Price
$337,750
10
-29%
$3,400,000
-25%
$340,000
5%
47
-6%
29
-36%
5
25%
$402,088
19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Feb 2015
Feb 2016
%Change
Median Price $415,000
$472,400
14%
24
0%
$11,680,900
8%
$486,704
8%
66
-3%
$78
1%
3
0%
$498,539
16%
Properties Sold
24
Sales Volume $10,795,000
Average Sale Price
$449,792
Properties For Sale 68
Average Days on Market
77
Months Supply of Inventory 3
Average List Price
$428,323
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
Feb 2015
Feb 2016
%Change
Median Price $343,104
$407,181
19%
16
23%
$6,266,599
33%
$391,662
8%
Properties Sold
13
Sales Volume $4,708,400
Average Sale Price
$362,185
Properties For Sale 38
Average Days on Market
52
Months Supply of Inventory 3
Average List Price
$343,104
18
-53%
54
4%
1
-67%
$407,181
19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
Feb 2015
Feb 2016
%Change
Median Price $675,000
$704,000
4%
Properties Sold
1
Sales Volume $675,000
Average Sale Price
$675,000
Properties For Sale 18
Average Days on Market
27
Months Supply of Inventory 18
Average List Price
$1,018,583
2
100%
$1,408,000
109%
$704,000
4%
18
0%
108
300%
9
-50%
$1,051,150
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
3%
Sherman Oaks
Feb 2015
Median Price $975,000
Properties Sold
37
Sales Volume $39,962,899
Average Sale Price
$1,080,078
Properties For Sale 151
Average Days on Market
75
Months Supply of Inventory 4
Average List Price
$1,199,708
Feb 2016 $1,000,000
3%
35
-5%
$51,389,825
29%
$1,468,281
36%
162
7%
61
-19%
5
25%
$1,380,458
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Studio City
Feb 2015
Median Price $1,335,000
Properties Sold
16
Sales Volume $20,542,250
Average Sale Price
$1,283,891
Properties For Sale 94
Average Days on Market
62
Months Supply of Inventory 6
Average List Price
$1,629,833
Feb 2016 $1,260,000
-6%
19
19%
$35,432,000
72%
$1,864,842
45%
104
11%
60
-3%
5
-17%
$1,681,081
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
3%
Sun Valley
Feb 2015
Feb 2016
%Change
Median Price $500,000
$573,500
15%
14
17%
$7,969,000
21%
$569,214
4%
Properties Sold
12
Sales Volume $6,574,900
Average Sale Price
$547,908
Properties For Sale 54
Average Days on Market
89
Months Supply of Inventory 5
Average List Price
$459,286
38
-30%
60
-33%
3
-40%
$460,286
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
Sylmar
Feb 2015
Feb 2016
%Change
Median Price $376,500
$455,000
21%
34
48%
$10,932,650
26%
$455,527
20%
108
-9%
52
-2%
5
0%
$463,669
8%
Properties Sold
23
Sales Volume $8,708,250
Average Sale Price
$378,620
Properties For Sale 119
Average Days on Market
53
Months Supply of Inventory 5
Average List Price
$429,678
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Feb 2015
Median Price $790,000
Properties Sold
19
Sales Volume $21,213,300
Average Sale Price
$1,116,489
Properties For Sale 105
Average Days on Market
93
Months Supply of Inventory 6
Average List Price
$1,234,226
Feb 2016 $1,025,000
30%
26
37%
$28,527,130
34%
$1,097,197
-2%
96
-9%
69
-26%
4
-33%
$1,250,785
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
1%
Toluca Lake
Feb 2015
Median Price $807,500
Properties Sold
6
Sales Volume $6,785,000
Average Sale Price
$1,130,833
Properties For Sale 25
Average Days on Market
88
Months Supply of Inventory 4
Average List Price
$1,304,908
Feb 2016 $1,525,000
89%
3
-50%
$4,055,000
-40%
$1,351,667
20%
$19
-24%
72
-18%
6
50%
$1,431,078
10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Valley Glen
Feb 2015
Feb 2016
%Change
Median Price $579,750
$621,000
7%
Properties Sold
20
Sales Volume $12,675,727
Average Sale Price
$633,786
Properties For Sale 50
Average Days on Market
64
Months Supply of Inventory 3
Average List Price
$669,057
9
-55%
$5,575,000
-56%
$619,444
-2%
42
-16%
56
-13%
5
67%
$731,778
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
Feb 2015
Feb 2016
%Change
Median Price $825,000
$829,000
0%
Properties Sold
7
Sales Volume $6,910,000
Average Sale Price
$987,143
Properties For Sale 25
Average Days on Market
71
Months Supply of Inventory 4
Average List Price
$1,124,000
5
-29%
$5,074,000
-27%
$1,014,800
3%
19
-24%
40
-44%
4
0%
$1,213,999
8%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Feb 2015
Feb 2016
%Change
Median Price $422,000
$478,900
13%
11
-39%
$5,798,400
-24%
$527,127
24%
72
-4%
84
-13%
7
75%
$546,808
7%
Properties Sold
18
Sales Volume $7,632,990
Average Sale Price
$424,055
Properties For Sale 75
Average Days on Market
96
Months Supply of Inventory 4
Average List Price
$510,350
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
Feb 2015
Feb 2016
%Change
Median Price $539,000
$637,500
18%
32
10%
$22,368,081
31%
$699,003
19%
90
-30%
67
18%
3
-25%
Properties Sold
29
Sales Volume $17,010,922
Average Sale Price
$586,584
Properties For Sale 129
Average Days on Market
57
Months Supply of Inventory 4
Average List Price
$673,218
$699,211
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
4%
Winnetka
Feb 2015
Feb 2016
%Change
Median Price $437,500
$458,500
5%
18
13%
$8,375,500
11%
$465,306
-1%
46
-41%
74
30%
3
-40%
Properties Sold
16
Sales Volume $7,521,900
Average Sale Price
$470,119
Properties For Sale 78
Average Days on Market
57
Months Supply of Inventory 5
Average List Price
$496,033
$504,452
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Woodland Hills
Feb 2015
Feb 2016
%Change
Median Price $702,500
$726,325
3%
42
-5%
$31,974,550
4%
$761,299
9%
Properties Sold
44
Sales Volume $30,827,000
Average Sale Price
$700,614
Properties For Sale 227
Average Days on Market
80
Months Supply of Inventory 5
Average List Price
$810,322
188
-17%
81
1%
4
-20%
$878,485
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
RODEO REALTY MARKETING DEPARTMENT