Local Market Report June 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
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19
Arleta
June 2015
Median Price $420,000
Properties Sold
3
Sales Volume $1,214,000
Average Sale Price
$404,667
Properties For Sale 36
Average Days on Market
47
Months Supply of Inventory 12
Average List Price
$392,967
June 2016
%Change
$422,500
1%
17
467%
$6,874,125
466%
$404,360 29
-19%
45
-4%
2
83%
$435,300
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
Bell Canyon
June 2015
Median Price $1,380,000
Properties Sold
5
Sales Volume $9,698,000
Average Sale Price
$1,939,600
Properties For Sale 24
Average Days on Market
137
Months Supply of Inventory 5
Average List Price
$1,520,280
June 2016
%Change
$1,550,000
12%
5
0%
$9,698,000
35%
$1,939,600
35%
24
-14%
137
149%
5
-17%
$1,520,280
-1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
June 2015
Median Price $643,600
Properties Sold
75
Sales Volume $48,721,650
Average Sale Price
$649,622
Properties For Sale 22
Average Days on Market
38
Months Supply of Inventory 3
Average List Price
$703,613
June 2016
%Change
$706,000
10%
88
17%
$65,034,338
33%
$739,027
14%
192
-14%
51
34%
2
-33%
$833,729
-18%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
June 2015
Median Price $1,094,800
Properties Sold
41
Sales Volume $48,700,550
Average Sale Price
$1,187,818
Properties For Sale 191
Average Days on Market
67
Months Supply of Inventory 5
Average List Price
$1,533,425
June 2016
%Change
$915,000
-16%
50
22%
$59,037,388
21%
$1,180,748
-1%
151
-21%
63
-6%
3
-40%
$2,134,247
39%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
June 2015
Median Price $540,000
Properties Sold
39
Sales Volume $21,872,038
Average Sale Price
$560,821
Properties For Sale 153
Average Days on Market
76
Months Supply of Inventory 4
Average List Price
$652,814
June 2016
%Change
$536,250
-1%
42
8%
$25,104,750
15%
$597,732
7%
138
-10%
54
-29%
3
-25%
$689,233
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6%
Encino
June 2015
Median Price $615,00
Properties Sold
73
Sales Volume $73,098,741
Average Sale Price
$1,001,353
Properties For Sale 270
Average Days on Market
61
Months Supply of Inventory 4
Average List Price
$1,464,755
June 2016
%Change
$882,009
43%
62
15%
$85,012,163
16%
$1,371,164
37%
219
-19%
56
-8%
4
0%
$1,391,955
-5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
June 2015
Median Price $615,000
Properties Sold
73
Sales Volume $73,098,741
Average Sale Price
$1,001,353
Properties For Sale 270
Average Days on Market
61
Months Supply of Inventory 4
Average List Price
$1,464,755
June 2016
%Change
$882,009
43%
62
-15%
$85,012,163
16%
$1,371,164
37%
219
-19%
56
-8%
4
0%
$1,391,955
-5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
June 2015
Median Price $2,250,000
Properties Sold
5
Sales Volume $12,110,000
Average Sale Price
$2,422,000
Properties For Sale 33
Average Days on Market
87
Months Supply of Inventory 7
Average List Price
$6,737,556
June 2016
%Change
$2,832,000
26%
5
0%
$21,332,000
76%
$4,266,400
76%
37
12%
107
23%
7
0%
$5,107,571
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-24%
Lake Balboa
June 2015
Median Price $517,500
Properties Sold
38
Sales Volume $523,608
Average Sale Price
$523,608
Properties For Sale 67
Average Days on Market
41
Months Supply of Inventory 2
Average List Price
$460,991
June 2016
%Change
$540,000
4%
34 $524,912
0%
$524,912
0%
59
-12%
43
5%
2
0%
$546,876
19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-11%
Mission Hills
June 2015
Median Price $435,000
Properties Sold
15
Sales Volume $6,355,000
Average Sale Price
$423,667
Properties For Sale 41
Average Days on Market
24
Months Supply of Inventory 3
Average List Price
$444,161
June 2016
%Change
$460,000
6%
16
7%
$7,245,900
14%
$452,869
7%
23
-44%
48
100%
1
-67%
$483,045
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
North Hills
June 2015
Median Price $402,500
Properties Sold
32
Sales Volume $12,714,424
Average Sale Price
$397,326
Properties For Sale 75
Average Days on Market
53
Months Supply of Inventory 2
Average List Price
$444,028
June 2016
%Change
$441,500
10%
42
31%
$17,991,200
42%
$428,362
8%
90
20%
41
-23%
2
0%
$464,990
5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
June 2015
Median Price $498,000
Properties Sold
56
Sales Volume $27,245,872
Average Sale Price
$486,533
Properties For Sale 174
Average Days on Market
55
Months Supply of Inventory 3
Average List Price
$480,661
June 2016
%Change
$479,000
-4%
53
-5%
$26,774,990
-2%
$505,188
4%
137
-21%
61
-11%
3
0%
$525,305
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
June 2015
Median Price $607,000
Properties Sold
95
Sales Volume $58,439,545
Average Sale Price
$615,153
Properties For Sale 316
Average Days on Market
45
Months Supply of Inventory 3
Average List Price
$686,353
June 2016
%Change
$668,500
10%
98
3%
$65,784,268
13%
$671,2686
9%
257
-19%
62
38%
3
0%
$762,275
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
June 2015
Median Price $369,000
Properties Sold
31
Sales Volume $10,332,400
Average Sale Price
$333,303
Properties For Sale 73
Average Days on Market
50
Months Supply of Inventory 2
Average List Price
$339,599
June 2016
%Change
$398,000
8%
26
-16%
$9,959,900
-4%
$383,073
15%
49
-33%
62
24%
2
0%
$363,096
7%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
June 2015
Median Price $425,000
Properties Sold
41
Sales Volume $16,940,500
Average Sale Price
$413,183
Properties For Sale 141
Average Days on Market
46
Months Supply of Inventory 3
Average List Price
$417,305
June 2016
%Change
$402,500
-5%
48
17%
$20,038,700
18%
$417,473
1%
120
-15%
47
2%
3
0%
$455,271
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
June 2015
Median Price $350,000
Properties Sold
15
Sales Volume $5,150,500
Average Sale Price
$343,367
Properties For Sale 49
Average Days on Market
47
Months Supply of Inventory 3
Average List Price
$399,581
June 2016
%Change
$432,000
23%
15
0%
$5,957,900
16%
$397,193
16%
36
-27%
39
-17%
2
-33%
$399,581
-3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
June 2015
Median Price $710,000
Properties Sold
3
Sales Volume $2,090,000
Average Sale Price
$696,667
Properties For Sale 19
Average Days on Market
36
Months Supply of Inventory 6
Average List Price
$662,833
June 2016
%Change
$652,500
-8%
4
33%
$2,559,000
22%
$639,750
-8%
31
63%
37
3%
8
33%
$789,315
27%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
June 2015
Median Price $752,500
Properties Sold
105
Sales Volume $105,077,350
Average Sale Price
$1,000,737
Properties For Sale 295
Average Days on Market
52
Months Supply of Inventory 3
Average List Price
$911,617
June 2016
%Change
$855,000
14%
96
-9%
$98,509,400
-6%
$1,026,140
39%
287
-3%
54
4%
3
0%
$1,177,815
29%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
June 2015
Median Price $987,500
Properties Sold
54
Sales Volume $65,989,250
Average Sale Price
$1,222,023
Properties For Sale 199
Average Days on Market
49
Months Supply of Inventory 4
Average List Price
$1,225,546
June 2016
%Change
$997,500
1%
48
-11%
$56,996,787
-14%
$1,187,433
-3%
220
11%
51
4%
5
25%
$1,234,749
1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
June 2015
Median Price $449,500
Properties Sold
26
Sales Volume $10,722,500
Average Sale Price
$412,404
Properties For Sale 81
Average Days on Market
70
Months Supply of Inventory 3
Average List Price
$502,535
June 2016
%Change
$469,900
5%
30
15%
$13,845,500
29%
$461,517
12%
58
-28%
37
-47%
2
-33%
$4755,041
-5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
June 2015
Median Price $400,000
Properties Sold
50
Sales Volume $20,121,250
Average Sale Price
$402,425
Properties For Sale 179
Average Days on Market
53
Months Supply of Inventory 4
Average List Price
$389,035
June 2016
%Change
$430,000
8%
65
30%
$25,712,850
28%
$395,582
-2%
158
-12%
50
-6%
2
-50%
$427,742
10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
June 2015
Median Price $440,000
Properties Sold
45
Sales Volume $31,332,450
Average Sale Price
$696,277
Properties For Sale 185
Average Days on Market
66
Months Supply of Inventory 4
Average List Price
$1,004,652
June 2016
%Change
$700,000
59%
51
13%
$43,788,400
40%
$858,596
23%
173
-6%
54
-18%
3
-25%
$956,415
-5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
June 2015
Median Price $793,455
Properties Sold
14
Sales Volume $12,184,885
Average Sale Price
$870,349
Properties For Sale 41
Average Days on Market
44
Months Supply of Inventory 3
Average List Price
$912,809
June 2016
%Change
$672,500
-15%
12
-14%
$11,441,500
-6%
$953,458
10%
50
22%
63
43%
4
33%
$1,172,108
28%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
June 2015
Median Price $542,000
Properties Sold
27
Sales Volume $15,255,000
Average Sale Price
$565,000
Properties For Sale 65
Average Days on Market
43
Months Supply of Inventory 2
Average List Price
$673,048
June 2016
%Change
$630,000
16%
27
0%
$16,517,209
8%
$611,748
8%
59
-9%
51
19%
2
0%
$646,928
-4%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
June 2015
Median Price $804,500
Properties Sold
16
Sales Volume $13,408,800
Average Sale Price
$838,050
Properties For Sale 42
Average Days on Market
39
Months Supply of Inventory 3
Average List Price
$670,113
June 2016
%Change
$855,000
6%
29
81%
$26,200,038
95%
$903,450
8%
64
52%
46
18%
2
-33%
$896,123
34%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
June 2015
Median Price $442,000
Properties Sold
45
Sales Volume $18,389,724
Average Sale Price
$408,661
Properties For Sale 128
Average Days on Market
54
Months Supply of Inventory 3
Average List Price
$422,352
June 2016
%Change
$483,950
9%
42
-7%
$20,663,032
12%
$491,977
20%
110
-14%
37
-31%
3
0%
$495,081
17%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
June 2015
Median Price $562,500
Properties Sold
36
Sales Volume $22,036,980
Average Sale Price
$612,138
Properties For Sale 157
Average Days on Market
59
Months Supply of Inventory 4
Average List Price
$640,303
June 2016
%Change
$648,500
15%
40
11%
$27,210,117
23%
$680,253
11%
141
-10%
44
-25%
4
0%
$677,653
6%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
June 2015
Median Price $445,000
Properties Sold
42
Sales Volume $17,993,879
Average Sale Price
$428,426
Properties For Sale 95
Average Days on Market
62
Months Supply of Inventory 2
Average List Price
$460,910
June 2016
%Change
$473,000
6%
37
-12%
$16,891,300
-6%
$456,522
7%
78
-18%
53
-15%
2
0%
$513,801
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
June 2015
Median Price $653,750
Properties Sold
90
Sales Volume $64,295,351
Average Sale Price
$714,393
Properties For Sale 321
Average Days on Market
61
Months Supply of Inventory 4
Average List Price
$729,442
June 2016
%Change
$690,000
6%
107
19%
$79,575,930
24%
$743,700
4%
314
-2%
57
-7%
3
-25%
$819,116
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT