Local Market Report July 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
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19
Arleta
July 2014
July 2015
%Change
Median Price $367,000
$392,000
7%
Properties Sold
26
Sales Volume $9,224,000
Average Sale Price
$354,769
Properties For Sale 56
Average Days on Market
48
Months Supply of Inventory 2
Average List Price
$380,766
12
-54%
$4,630,000
-50%
$385,833 33
-41%
43
-10%
3
50%
$410,386
8%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Bell Canyon
July 2014
Median Price $1,525,000
Properties Sold
3
Sales Volume $4,325,000
Average Sale Price
$1,441,667
Properties For Sale 32
Average Days on Market
190
Months Supply of Inventory 11
Average List Price
$1,361,800
July 2015 $1,750,000
15%
3
0%
$6,675,000
54%
$2,225,000
54%
25
-22%
56
-71%
8
-27%
$1,556,800
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Burbank
July 2014
July 2015
%Change
Median Price $693,750
$687,500
-1%
62
3%
$44,687,300
0%
$720,763
-3%
139
8%
53
43%
2
0%
$821,564
10%
Properties Sold
60
Sales Volume $44,498,501
Average Sale Price
$741,642
Properties For Sale 129
Average Days on Market
37
Months Supply of Inventory 2
Average List Price
$744,734
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
July 2014
Median Price $1,272,500
Properties Sold
20
Sales Volume $28,766,000
Average Sale Price
$1,438,300
Properties For Sale 129
Average Days on Market
78
Months Supply of Inventory 6
Average List Price
$1,704,346
July 2015 $1,049,000
-18%
33
65%
$43,181,380
50%
$1,308,527
-9%
153
19%
70
-10%
5
-17%
$1,632,279
-4%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Chatsworth
July 2014
July 2015
%Change
Median Price $503,750
$712,563
41%
34
70%
$25,350,875
120%
$745,614
29%
90
-20%
66
12%
3
-50%
$923,442
50%
Properties Sold
20
Sales Volume $11,534,700
Average Sale Price
$576,735
Properties For Sale 113
Average Days on Market
59
Months Supply of Inventory 6
Average List Price
$616,538
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
July 2014
Median Price $1,112,000
Properties Sold
42
Sales Volume $58,336,770
Average Sale Price
$1,388,971
Properties For Sale 160
Average Days on Market
54
Months Supply of Inventory 4
Average List Price
$1,228,016
July 2015 $1,288,190
16%
51
21%
$71,728,215
23%
$1,406,436
1%
178
11%
56
4%
3
-25%
$1,654,270
35%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Granada Hills
July 2014
July 2015
%Change
Median Price $470,000
$565,000
20%
50
2%
$29,960,950
19%
$599,219
17%
117
-22%
50
-4%
2
-33%
Properties Sold
49
Sales Volume $25,081,125
Average Sale Price
$511,860
Properties For Sale 150
Average Days on Market
52
Months Supply of Inventory 3
Average List Price
$611,450
$621,527
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Hidden Hills
July 2014
Median Price $2,384,000
July 2015
%Change
$3,260,000
37%
3
50%
$10,360,000
117%
$3,453,333
45%
35
9%
65
65
0%
Months Supply of Inventory 16
12
-25%
$7,002,143
28%
Properties Sold
2
Sales Volume $4,768,000
Average Sale Price
$2,384,000
Properties For Sale 32
Average Days on Market
Average List Price
$5,468,500
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
July 2014
July 2015
%Change
Median Price $441,000
$479,000
9%
26
8%
$13,020,500
18%
$500,788
9%
Properties Sold
24
Sales Volume $11,069,900
Average Sale Price
$461,246
Properties For Sale 77
Average Days on Market
47
Months Supply of Inventory 3
Average List Price
$464,254
62
-19%
43
-9%
2
-33%
$534,418
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
July 2014
July 2015
%Change
Median Price $406,000
$422,500
4%
Properties Sold
3
Sales Volume $1,033,000
Average Sale Price
$344,333
Properties For Sale 33
Average Days on Market
56
Months Supply of Inventory 11
Average List Price
$351,000
16
433%
$6,501,600
529%
$406,350
18%
30
-9%
35
-38%
2
-82%
$466,146
33%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
July 2014
July 2015
%Change
Median Price $434,375
$465,500
7%
Properties Sold
36
Sales Volume $14,550,700
Average Sale Price
$404,186
Properties For Sale 117
Average Days on Market
39
Months Supply of Inventory 3
Average List Price
$361,725
28
-22%
$12,176,239
-16%
$434,866 81
-31%
43
10%
3
0%
$436,000
21%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
North Hollywood
July 2014
July 2015
%Change
Median Price $450,000
$443,828
-1%
62
32%
$28,475,745
20%
$459,286
-9%
139
-19%
58
2%
2
-50%
Properties Sold
47
Sales Volume $23,754,900
Average Sale Price
$505,423
Properties For Sale 172
Average Days on Market
57
Months Supply of Inventory 4
Average List Price
$460,287
$470,654
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Northridge
July 2014
July 2015
%Change
Median Price $590,000
$600,000
2%
129
25%
$82,239,998
30%
$637,519
3%
292
-8%
57
12%
2
-33%
$670,327
12%
Properties Sold
103
Sales Volume $63,461,838
Average Sale Price
$616,134
Properties For Sale 319
Average Days on Market
51
Months Supply of Inventory 3
Average List Price
$597,110
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
July 2014
July 2015
%Change
Median Price $328,000
$369,000
13%
23
0%
$7,806,669
15%
$339,420
15%
63
-17%
46
-39%
3
0%
$345,911
11%
Properties Sold
23
Sales Volume $6,801,500
Average Sale Price
$295,717
Properties For Sale 76
Average Days on Market
75
Months Supply of Inventory 3
Average List Price
$310,243
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
July 2014
July 2015
%Change
Median Price $389,000
$420,000
8%
Properties Sold
53
Sales Volume $20,152,574
Average Sale Price
$380,237
Properties For Sale 144
Average Days on Market
50
Months Supply of Inventory 3
Average List Price
$384,447
46
-13%
$18,521,386
-8%
$402,639
6%
$134
-7%
$46
-8%
3
0%
$421,135
10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
July 2014
July 2015
%Change
Median Price $335,000
$359,900
7%
19
12%
$6,864,850
19%
$361,308
6%
Properties Sold
17
Sales Volume $5,773,000
Average Sale Price
$339,588
Properties For Sale 47
Average Days on Market
36
Months Supply of Inventory 3
Average List Price
$352,800
37
-21%
44
22%
2
-33%
$374,838
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6%
Shadow Hills
July 2014
July 2015
%Change
Median Price $785,000
$877,500
12%
4
-33%
$4,637,000
-6%
$1,159,250
41%
12
-45%
68
3%
3
-25%
Properties Sold
6
Sales Volume $4,921,000
Average Sale Price
$820,167
Properties For Sale 22
Average Days on Market
66
Months Supply of Inventory 4
Average List Price
$689,483
$726,750
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
5%
Sherman Oaks
July 2014
July 2015
%Change
Median Price $757,500
$725,000
-4%
104
33%
$90,619,324
28%
$871,340
-4%
261
-23%
52
8%
3
-25%
Properties Sold
78
Sales Volume $70,977,900
Average Sale Price
$909,973
Properties For Sale 337
Average Days on Market
48
Months Supply of Inventory 4
Average List Price
$898,861
$960,405
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Studio City
July 2014
Median Price $1,045,000
Properties Sold
56
Sales Volume $65,585,750
Average Sale Price
$1,171,174
Properties For Sale 182
Average Days on Market
61
Months Supply of Inventory 3
Average List Price
$1,188,767
July 2015 $1,093,000
5%
60
7%
$74,454,935
14%
$1,240,916
6%
190
4%
53
-13%
3
0%
$1,358,537
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Sun Valley
July 2014
July 2015
%Change
Median Price $380,000
$390,000
3%
Properties Sold
27
Sales Volume $10,391,100
Average Sale Price
$384,856
Properties For Sale 73
Average Days on Market
57
Months Supply of Inventory 3
Average List Price
$400,619
23
-15%
$9,141,000
-12%
$397,435
3%
73
0%
48
-16%
3
0%
$480,510
20%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
July 2014
July 2015
%Change
Median Price $355,000
$392,500
11%
75
23%
$28,997,107
38%
$386,628
12%
185
-1%
50
0%
2
-33%
Properties Sold
61
Sales Volume $21,002,259
Average Sale Price
$344,299
Properties For Sale 187
Average Days on Market
50
Months Supply of Inventory 3
Average List Price
$382,225
$407,336
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Tarzana
July 2014
July 2015
%Change
Median Price $820,000
$560,000
-32%
46
31%
$34,312,400
22%
$745,922
-7%
184
-10%
68
17%
4
-33%
Properties Sold
35
Sales Volume $28,035,000
Average Sale Price
$801,000
Properties For Sale 205
Average Days on Market
58
Months Supply of Inventory 6
Average List Price
$882,094
$907,466
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
3%
Toluca Lake
July 2014
July 2015
%Change
Median Price $913,750
$587,944
-36%
22
267%
$16,554,853
221%
$752,493
-12%
$42
-19%
Properties Sold
6
Sales Volume $5,155,500
Average Sale Price
$859,250
Properties For Sale 52
Average Days on Market
41
Months Supply of Inventory 9
Average List Price
$1,016,575
44
7%
2
-78%
$1,253,615
23%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
July 2014
July 2015
%Change
Median Price $579,000
$649,500
12%
24
26%
$14,808,900
28%
$617,038
2%
Properties Sold
19
Sales Volume $11,530,900
Average Sale Price
$606,889
Properties For Sale 68
Average Days on Market
43
Months Supply of Inventory 4
Average List Price
$580,462
55
-19%
57
33%
2
-50%
$618,458
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Valley Village
July 2014
July 2015
%Change
Median Price $759,000
$497,500
-34%
16
-16%
$10,370,500
-33%
$648,156
-21%
42
-41%
46
-31%
3
-25%
$724,569
-2%
Properties Sold
19
Sales Volume $15,506,000
Average Sale Price
$816,105
Properties For Sale 71
Average Days on Market
67
Months Supply of Inventory 4
Average List Price
$738,959
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
July 2014
July 2015
%Change
Median Price $421,000
$432,000
3%
Properties Sold
42
Sales Volume $16,652,400
Average Sale Price
$396,486
Properties For Sale 143
Average Days on Market
50
Months Supply of Inventory 3
Average List Price
$441,072
35
-17%
$15,038,000
-10%
$429,657 115
-20%
62
24%
3
0%
$428,641
-3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
West Hills
July 2014
July 2015
%Change
Median Price $545,000
$582,500
7%
46
5%
$29,706,000
19%
$645,783
14%
140
-3%
64
0%
3
0%
$668,870
6%
Properties Sold
44
Sales Volume $25,013,582
Average Sale Price
$568,491
Properties For Sale 144
Average Days on Market
64
Months Supply of Inventory 3
Average List Price
$630,384
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
July 2014
July 2015
%Change
Median Price $440,000
$435,000
-1%
32
-3%
$13,249,650
3%
$414,052
6%
Properties Sold
33
Sales Volume $12,912,100
Average Sale Price
$391,276
Properties For Sale 112
Average Days on Market
56
Months Supply of Inventory 3
Average List Price
$447,139
86
-23%
65
16%
3
0%
$471,051
5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
July 2014
July 2015
%Change
Median Price $610,000
$645,000
6%
96
28%
$64,270,600
34%
$669,485
5%
Properties Sold
75
Sales Volume $47,816,439
Average Sale Price
$637,553
Properties For Sale 322
Average Days on Market
55
Months Supply of Inventory 4
Average List Price
$776,252
288
-11%
60
9%
3
-25%
$761,834
-2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT