Local Market Report July 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
April 2015
Median Price $392,000
Properties Sold
12
Sales Volume $4,630,000
Average Sale Price
$385,833
Properties For Sale 46
Average Days on Market
43
Months Supply of Inventory 4
Average List Price
$401,515
April 2016
%Change
$415,000
6%
14
17%
$5,653,500
22%
$403,821
5%
35
-24%
50
16%
3
-25%
$434,208
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Bell Canyon
April 2015
Median Price $1,750,000
Properties Sold
3
Sales Volume $6,675,000
Average Sale Price
$2,225,000
Properties For Sale 26
Average Days on Market
56
Months Supply of Inventory 9
Average List Price
$1,556,800
April 2016
%Change
$1,038,000
-41%
2
-33%
$2,076,000
-69%
$1,038,000
-53%
24
-8%
78
39%
12
33%
$1,997,800
28%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
April 2015
Median Price $660,000
Properties Sold
87
Sales Volume $58,265,300
Average Sale Price
$669,716
Properties For Sale 222
Average Days on Market
53
Months Supply of Inventory 3
Average List Price
$708,038
April 2016
%Change
$708,000
7%
72
-17%
$50,928,866
-13%
$707,345
6%
218
-2%
50
-6%
3
0%
$777,836
10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
April 2015
Median Price $962,500
Properties Sold
42
Sales Volume $47,709,740
Average Sale Price
$1,135,946
Properties For Sale 197
Average Days on Market
68
Months Supply of Inventory 5
Average List Price
$1,606,000
April 2016
%Change
$915,000
-5%
31
-26%
$37,344,614
-22%
$1,204,665
6%
151
-23%
72
6%
5
0%
$1,642,328
2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
April 2015
Median Price $610,750
Properties Sold
44
Sales Volume $29,440,893
Average Sale Price
$669,111
Properties For Sale 140
Average Days on Market
65
Months Supply of Inventory 3
Average List Price
$696,222
April 2016
%Change
$549,000
-10%
47
7%
$27,548,850
-6%
$586,146
-12%
134
-4%
61
-6%
3
0%
$758,238
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
April 2015
Median Price $780,000
Properties Sold
76
Sales Volume $79,063,665
Average Sale Price
$1,040,311
Properties For Sale 267
Average Days on Market
59
Months Supply of Inventory 4
Average List Price
$1,220,996
April 2016
%Change
$980,000
26%
59
-22%
$77,351,828
-2%
$1,311,048
26%
211
-21%
64
8%
4
0%
$1,382,799
13%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
April 2015
Median Price $555,000
Properties Sold
56
Sales Volume $32,402,850
Average Sale Price
$578,622
Properties For Sale 144
Average Days on Market
51
Months Supply of Inventory 3
Average List Price
$592,836
April 2016
%Change
$578,000
4%
46
-18%
$29,189,267
-10%
$634,549
10%
123
-15%
52
2%
3
0%
$624,118
5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
April 2015
Median Price $3,260,000
Properties Sold
3
Sales Volume $10,347,000
Average Sale Price
$3,449,000
Properties For Sale 37
Average Days on Market
65
Months Supply of Inventory 12
Average List Price
$6,705,643
April 2016
%Change
$7,400,000
127%
3 $24,270,000
135%
$8,090,000
135%
36
-3%
102
57%
12
0%
$8,746,000
30%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
Lake Balboa
April 2015
Median Price $479,000
Properties Sold
26
Sales Volume $500,654
Average Sale Price
$500,654
Properties For Sale 68
Average Days on Market
43
Months Supply of Inventory 3
Average List Price
$527,273
April 2016
%Change
$550,000
15%
30
15%
$531,713
6%
$531,713
6%
71
4%
41
-5%
2
-33%
$521,508
-1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
April 2015
Median Price $425,000
Properties Sold
17
Sales Volume $6,936,600
Average Sale Price
$408,035
Properties For Sale 33
Average Days on Market
45
Months Supply of Inventory 2
Average List Price
$461,212
April 2016
%Change
$485,000
14%
9
-47%
$4,080,110
-41%
$453,346
11%
23
-30%
26
-42%
3
50%
$453,050
-2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
April 2015
Median Price $465,500
Properties Sold
28
Sales Volume $12,176,239
Average Sale Price
$434,866
Properties For Sale 93
Average Days on Market
43
Months Supply of Inventory 3
Average List Price
$435,983
April 2016
%Change
$516,000
11%
32
14%
$15,692,500
29%
$490,391
13%
78
-16%
63
47%
2
-33%
$460,144
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6%
North Hollywood
April 2015
Median Price $445,000
Properties Sold
61
Sales Volume $28,080,745
Average Sale Price
$460,340
Properties For Sale 156
Average Days on Market
58
Months Supply of Inventory 3
Average List Price
$471,319
April 2016
%Change
$485,250
9%
50
-18%
$24,817,900
-12%
$496,358 136
-13%
60
3%
3
0%
$543,138
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Northridge
April 2015
Median Price $600,000
Properties Sold
129
Sales Volume $81,939,998
Average Sale Price
$635,194
Properties For Sale 325
Average Days on Market
57
Months Supply of Inventory 3
Average List Price
$686,353
April 2016
%Change
$684,250
14%
90
-30%
$62,175,175
-24%
$690,835 244
-25%
57
0%
3
0%
$762,275
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Pacoima
April 2015
Median Price $369,000
Properties Sold
23
Sales Volume $7,806,669
Average Sale Price
$339,420
Properties For Sale 81
Average Days on Market
46
Months Supply of Inventory 4
Average List Price
$343,618
April 2016
%Change
$385,000
4%
16
-30%
$5,919,000
-24%
$369,938 44
-46%
35
-24%
3
-25%
$357,539
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
4%
Reseda
April 2015
Median Price $420,000
Properties Sold
46
Sales Volume $18,521,386
Average Sale Price
$402,639
Properties For Sale 151
Average Days on Market
46
Months Supply of Inventory 3
Average List Price
$419,092
April 2016
%Change
$470,000
12%
55
20%
$24,496,476
32%
$445,390
11%
114
-25%
46
0%
2
-33%
$455,878
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
San Fernando
April 2015
Median Price $359,900
Properties Sold
19
Sales Volume $6,864,850
Average Sale Price
$361,308
Properties For Sale 47
Average Days on Market
44
Months Supply of Inventory 2
Average List Price
$373,236
April 2016
%Change
$419,500
17%
18
-5%
$7,291,989
6%
$405,111
12%
38
-19%
52
18%
2
0%
$443,641
19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
April 2015
Median Price $855,000
Properties Sold
3
Sales Volume $3,737,000
Average Sale Price
$1,245,667
Properties For Sale 14
Average Days on Market
103
Months Supply of Inventory 5
Average List Price
$726,750
April 2016
%Change
$785,000
-8%
7
133%
$5,648,000
51%
$806,857
-35%
25
79%
100
-3%
4
-20%
$621,167
-15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
April 2015
Median Price $725,000
Properties Sold
104
Sales Volume $90,609,824
Average Sale Price
$871,248
Properties For Sale 287
Average Days on Market
52
Months Supply of Inventory 3
Average List Price
$950,056
April 2016
%Change
$915,000
26%
91
-13%
$93,435,195
3%
$1,026,760
18%
288
0%
60
15%
3
0%
$1,136,023
20%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
April 2015
Median Price $1,093,000
Properties Sold
60
Sales Volume $74,454,935
Average Sale Price
$1,240,916
Properties For Sale 199
Average Days on Market
53
Months Supply of Inventory 3
Average List Price
$1,345,657
April 2016
%Change
$870,000
-20%
59
-2%
$66,545,900
-11%
$1,127,897
-9%
210
6%
55
4%
4
33%
$1,354,852
1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
April 2015
Median Price $450,000
Properties Sold
24
Sales Volume $9,726,000
Average Sale Price
$405,250
Properties For Sale 85
Average Days on Market
51
Months Supply of Inventory 4
Average List Price
$475,456
April 2016
%Change
$499,000
11%
26
8%
$12,523,500
29%
$481,673
19%
49
-42%
39
-24%
2
-50%
$516,266
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Sylmar
April 2015
Median Price $392,500
Properties Sold
75
Sales Volume $28,997,107
Average Sale Price
$386,628
Properties For Sale 204
Average Days on Market
50
Months Supply of Inventory 3
Average List Price
$406,111
April 2016
%Change
$426,000
9%
57
-24%
$23,602,950
-19%
$414,087 158
-23%
55
10%
3
0%
$412,202
1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Tarzana
April 2015
Median Price $530,000
Properties Sold
46
Sales Volume $32,034,400
Average Sale Price
$696,400
Properties For Sale 194
Average Days on Market
65
Months Supply of Inventory 4
Average List Price
$904,018
April 2016
%Change
$672,500
27%
36
-22%
$34,608,423
8%
$961,345
38%
163
-16%
67
3%
5
25%
$1,023,717
13%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
April 2015
Median Price $587,944
Properties Sold
22
Sales Volume $16,529,853
Average Sale Price
$751,357
Properties For Sale 41
Average Days on Market
44
Months Supply of Inventory 2
Average List Price
$1,140,679
April 2016
%Change
$613,500
4%
16
-27%
$15,189,500
-8%
$949,344
26%
43
5%
63
43%
3
50%
$835,738
-27%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
April 2015
Median Price $650,000
Properties Sold
25
Sales Volume $15,508,900
Average Sale Price
$620,356
Properties For Sale 61
Average Days on Market
58
Months Supply of Inventory 2
Average List Price
$613,035
April 2016
%Change
$600,000
-8%
22
-12%
$13,908,582
-10%
$632,208 51
-16%
46
-21%
2
0%
$699,936
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Valley Village
April 2015
Median Price $497,500
Properties Sold
16
Sales Volume $10,370,500
Average Sale Price
$648,156
Properties For Sale 46
Average Days on Market
46
Months Supply of Inventory 3
Average List Price
$728,203
April 2016
%Change
$849,900
71%
31
94%
$24,776,873
139%
$799,254
23%
55
20%
53
15%
2
-33%
$956,571
31%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
April 2015
Median Price $432,000
Properties Sold
35
Sales Volume $15,038,000
Average Sale Price
$429,657
Properties For Sale 128
Average Days on Market
62
Months Supply of Inventory 4
Average List Price
$431,858
April 2016
%Change
$454,000
5%
36
3%
$16,408,949
9%
$455,804
6%
95
-26%
67
8%
3
-25%
$536,522
24%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
April 2015
Median Price $582,500
Properties Sold
46
Sales Volume $29,706,000
Average Sale Price
$645,783
Properties For Sale 147
Average Days on Market
64
Months Supply of Inventory 3
Average List Price
$665,148
April 2016
%Change
$608,000
4%
54
17%
$34,307,110
15%
$635,317
-2%
131
-11%
45
-30%
2
-33%
$665,673
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
Winnetka
April 2015
Median Price $435,000
Properties Sold
32
Sales Volume $13,249,650
Average Sale Price
$414,052
Properties For Sale 102
Average Days on Market
65
Months Supply of Inventory 3
Average List Price
$469,149
April 2016
%Change
$480,000
10%
36
13%
$16,384,700
24%
$455,131
10%
87
-15%
36
-45%
2
-33%
$470,300
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
Woodland Hills
April 2015
Median Price $645,000
Properties Sold
96
Sales Volume $64,270,600
Average Sale Price
$669,485
Properties For Sale 313
Average Days on Market
60
Months Supply of Inventory 3
Average List Price
$754,840
April 2016
%Change
$699,000
8%
89
-7%
$66,630,353
4%
$748,656
12%
344
10%
48
-20%
4
33%
$773,420
2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT