Local Market Report June 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
June 2014
Median Price $370,000
Properties Sold
15
Sales Volume $5,320,000
Average Sale Price
$354,667
Properties For Sale 59
Average Days on Market
43
Months Supply of Inventory 4
Average List Price
$387,207
June 2015
%Change
$420,000
14%
3
-80%
$1,214,000
-77%
$404,667
14%
23
-61%
47
9%
8
100%
$403,399
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
4%
Bell Canyon
June 2014
Median Price $1,725,000
Properties Sold
1
Sales Volume $1,725,000
Average Sale Price
$1,725,000
Properties For Sale 36
Average Days on Market
295
Months Supply of Inventory 36
Average List Price
$1,908,600
June 2015
%Change
$1,380,000
-20%
5
400%
$7,182,500
316%
$1,436,500
-17%
28
-22%
55
-81%
6
-83%
$1,611,813
-16%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
June 2014
Median Price $653,500
Properties Sold
44
Sales Volume $32,628,804
Average Sale Price
$741,564
Properties For Sale 144
Average Days on Market
43
Months Supply of Inventory 3
Average List Price
$714,775
June 2015
%Change
$675,000
3%
53
20%
$38,354,450
18%
$723,669
-2%
147
2%
35
-19%
3
0%
$832,065
16%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
June 2014
Median Price $1,051,000
Properties Sold
30
Sales Volume $38,121,125
Average Sale Price
$1,270,704
Properties For Sale 132
Average Days on Market
59
Months Supply of Inventory 4
Average List Price
$1,804,448
June 2015
%Change
$1,255,000
19%
35
17%
$46,077,300
21%
$1,316,494
4%
146
11%
68
15%
4
0%
$1,864,941
3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
June 2014
Median Price $600,000
Properties Sold
17
Sales Volume $11,033,034
Average Sale Price
$649,002
Properties For Sale 107
Average Days on Market
47
Months Supply of Inventory 6
Average List Price
$757,661
June 2015
%Change
$595,000
-1%
29
71%
$18,218,738
65%
$628,232
-3%
108
1%
52
11%
4
-33%
$791,885
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
5%
Encino
June 2014
Median Price $949,000
Properties Sold
47
Sales Volume $51,683,250
Average Sale Price
$1,099,644
Properties For Sale 171
Average Days on Market
54
Months Supply of Inventory 4
Average List Price
$1,257,463
June 2015
%Change
$1,280,000
35%
45
-4%
$62,686,345
21%
$1,393,030
27%
181
6%
61
13%
4
0%
$1,858,997
48%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
June 2014
Median Price $532,500
Properties Sold
40
Sales Volume $22,737,336
Average Sale Price
$568,433
Properties For Sale 145
Average Days on Market
52
Months Supply of Inventory 4
Average List Price
$682,771
June 2015
%Change
$563,000
6%
54
35%
$31,449,899
38%
$582,406
2%
115
-21%
42
-19%
2
-50%
$655,801
-4%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
June 2014
Median Price $2,347,500
Properties Sold
2
Sales Volume $4,695,000
Average Sale Price
$2,347,500
Properties For Sale 38
Average Days on Market
121
Months Supply of Inventory 19
Average List Price
$5,016,727
June 2015
%Change
$2,250,000
-4%
5
150%
$12,110,000
158%
$2,422,000
3%
30
-21%
87
-28%
6
-68%
$6,922,111
38%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
June 2014
Median Price $435,000
Properties Sold
16
Sales Volume $6,823,000
Average Sale Price
$426,438
Properties For Sale 62
Average Days on Market
49
Months Supply of Inventory 4
Average List Price
$503,471
June 2015
%Change
$527,500
21%
36
125%
$19,078,100
180%
$529,947
24%
48
-23%
42
-14%
1
-75%
$504,582
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
Mission Hills
June 2014
Median Price $383,000
Properties Sold
13
Sales Volume $5,088,000
Average Sale Price
$391,385
Properties For Sale 27
Average Days on Market
32
Months Supply of Inventory 2
Average List Price
$404,154
June 2015
%Change
$437,500
14%
14
8%
$6,112,000
20%
$436,571
12%
35
30%
25
-22%
3
50%
$463,122
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
June 2014
Median Price $445,000
Properties Sold
15
Sales Volume $6,763,000
Average Sale Price
$450,867
Properties For Sale 74
Average Days on Market
48
Months Supply of Inventory 5
Average List Price
$478,980
June 2015
%Change
$480,000
8%
16
7%
$7,533,100
11%
$470,819
4%
41
-45%
32
-33%
3
-40%
$509,545
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6%
North Hollywood
June 2014
Median Price $437,000
Properties Sold
57
Sales Volume $26,028,602
Average Sale Price
$456,642
Properties For Sale 120
Average Days on Market
54
Months Supply of Inventory 2
Average List Price
$516,583
June 2015
%Change
$515,000
18%
47
-18%
$24,938,988
-4%
$530,617
16%
105
-13%
49
-9%
2
0%
$514,673
0%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
June 2014
Median Price $617,000
Properties Sold
63
Sales Volume $40,797,650
Average Sale Price
$647,582
Properties For Sale 232
Average Days on Market
52
Months Supply of Inventory 4
Average List Price
$651,442
June 2015
%Change
$650,000
5%
81
29%
$52,508,545
29%
$648,254
0%
254
9%
43
-17%
3
-25%
$728,380
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
June 2014
Median Price $347,000
Properties Sold
15
Sales Volume $5,098,500
Average Sale Price
$339,900
Properties For Sale 63
Average Days on Market
56
Months Supply of Inventory 4
Average List Price
$314,245
June 2015
%Change
$370,000
7%
25
67%
$8,818,400
73%
$352,736
4%
36
-43%
48
-14%
1
-75%
$364,968
16%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
June 2014
Median Price $408,250
Properties Sold
34
Sales Volume $13,934,175
Average Sale Price
$409,829
Properties For Sale 100
Average Days on Market
48
Months Supply of Inventory 3
Average List Price
$431,140
June 2015
%Change
$442,000
8%
31
-9%
$14,047,000
1%
$453,129
11%
88
-12%
30
-38%
3
0%
$457,432
6%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
June 2014
Median Price $309,250
Properties Sold
6
Sales Volume $1,899,500
Average Sale Price
$316,583
Properties For Sale 43
Average Days on Market
55
Months Supply of Inventory 7
Average List Price
$377,646
June 2015
%Change
$371,500
20%
12
100%
$4,409,000
132%
$367,417
16%
34
-21%
44
-20%
3
-57%
$405,061
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Shadow Hills
June 2014
Median Price $525,000
Properties Sold
5
Sales Volume $2,697,000
Average Sale Price
$539,400
Properties For Sale 24
Average Days on Market
69
Months Supply of Inventory 5
Average List Price
$721,372
June 2015
%Change
$710,000
35%
3
-40%
$2,090,000
-23%
$696,667
29%
18
-25%
36
-48%
6
20%
$637,667
-12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
June 2014
Median Price $901,500
Properties Sold
50
Sales Volume $51,509,824
Average Sale Price
$1,030,196
Properties For Sale 214
Average Days on Market
56
Months Supply of Inventory 4
Average List Price
$1,091,133
June 2015
%Change
$1,118,250
24%
63
26%
$85,938,450
67%
$1,364,102
32%
192
-10%
$53
-5%
3
-25%
$1,167,374
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Studio City
June 2014
Median Price $1,195,000
Properties Sold
41
Sales Volume $57,251,059
Average Sale Price
$1,396,367
Properties For Sale 112
Average Days on Market
46
Months Supply of Inventory 3
Average List Price
$1,495,722
June 2015
%Change
$1,237,500
4%
34
-17%
$53,530,250
-6%
$1,574,419
13%
125
12%
47
2%
4
33%
$1,667,349
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
June 2014
Median Price $385,000
Properties Sold
22
Sales Volume $9,150,700
Average Sale Price
$415,941
Properties For Sale 70
Average Days on Market
54
Months Supply of Inventory 3
Average List Price
$433,859
June 2015
%Change
$430,000
12%
21
-5%
$9,214,500
1%
$438,786
5%
54
-23%
61
13%
3
0%
$553,802
28%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
June 2014
Median Price $402,450
Properties Sold
30
Sales Volume $11,933,100
Average Sale Price
$397,770
Properties For Sale 111
Average Days on Market
45
Months Supply of Inventory 4
Average List Price
$389,483
June 2015
%Change
$436,000
8%
38
27%
$17,469,750
46%
$459,730
16%
105
-5%
58
29%
3
-25%
$394,695
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
1%
Tarzana
June 2014
Median Price $577,500
Properties Sold
42
Sales Volume $28,246,750
Average Sale Price
$672,542
Properties For Sale 179
Average Days on Market
52
Months Supply of Inventory 4
Average List Price
$809,620
June 2015
%Change
$440,000
-24%
45
7%
$31,332,450
11%
$696,277
4%
176
-2%
66
27%
4
0%
$1,022,994
26%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
June 2014
Median Price $560,000
Properties Sold
11
Sales Volume $14,517,000
Average Sale Price
$1,319,727
Properties For Sale 47
Average Days on Market
93
Months Supply of Inventory 4
Average List Price
$1,550,094
June 2015
%Change
$793,455
42%
14
27%
$12,184,885
-16%
$870,349
-34%
41
-13%
49
-47%
3
-25%
$904,836
-42%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
June 2014
Median Price $585,000
Properties Sold
15
Sales Volume $10,850,000
Average Sale Price
$723,333
Properties For Sale 61
Average Days on Market
45
Months Supply of Inventory 4
Average List Price
$651,093
June 2015
%Change
$540,500
-8%
28
87%
$15,590,000
44%
$556,786
-23%
61
0%
42
-7%
2
-50%
$700,197
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Valley Village
June 2014
Median Price $734,750
Properties Sold
12
Sales Volume $10,941,500
Average Sale Price
$911,792
Properties For Sale 65
Average Days on Market
50
Months Supply of Inventory 5
Average List Price
$787,848
June 2015
%Change
$780,000
6%
17
42%
$13,658,800
25%
$803,459
-12%
35
-46%
38
-24%
2
-60%
$673,918
-14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
June 2014
Median Price $386,264
Properties Sold
38
Sales Volume $14,613,528
Average Sale Price
$384,567
Properties For Sale 142
Average Days on Market
62
Months Supply of Inventory 4
Average List Price
$377,153
June 2015
%Change
$442,000
14%
45
18%
$18,474,724
26%
$410,549
7%
122
-14%
54
-13%
3
-25%
$428,069
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
June 2014
Median Price $582,000
Properties Sold
37
Sales Volume $22,193,200
Average Sale Price
$599,816
Properties For Sale 136
Average Days on Market
59
Months Supply of Inventory 4
Average List Price
$611,807
June 2015
%Change
$562,500
-3%
36
-3%
$22,036,980
-1%
$612,138
2%
143
5%
59
0%
4
0%
$645,536
6%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
June 2014
Median Price $419,900
Properties Sold
37
Sales Volume $14,588,404
Average Sale Price
$394,281
Properties For Sale 107
Average Days on Market
57
Months Supply of Inventory 3
Average List Price
$396,130
June 2015
%Change
$450,000
7%
41
11%
$17,576,379
20%
$428,692
9%
84
-21%
63
11%
2
-33%
$462,605
17%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
June 2014
Median Price $609,159
Properties Sold
90
Sales Volume $59,891,642
Average Sale Price
$665,463
Properties For Sale 296
Average Days on Market
61
Months Supply of Inventory 3
Average List Price
$742,368
June 2015
%Change
$653,750
7%
88
-2%
$63,265,351
6%
$718,924
8%
297
0%
61
0%
3
0%
$734,881
-1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT