Local Market Report March 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
19
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Arleta
Mar. 2014
Mar. 2015
%Change
Median Price $365,000
$393,000
8%
17
0%
$6,242,000
2%
$367,176
2%
Properties Sold
17
Sales Volume $6,125,000
Average Sale Price
$360,294
Properties For Sale 57
Average Days on Market
38
Months Supply of Inventory 3.35
Average List Price
$367,617
25
-56%
56
47%
1.47
-56%
$379,440
3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Bell Canyon
Mar. 2014
Median Price $1,000,000
Properties Sold
3
Sales Volume $2,440,000
Average Sale Price
$813,333
Properties For Sale 30
Average Days on Market
16
Months Supply of Inventory 10
Average List Price
$1,901,714
Mar. 2015
%Change
$1,412,000
41%
6
100%
$9,778,000
301%
$1,629,667
100%
32
7%
45
181%
5.33
-47%
$1,598,658
-16%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Burbank
Mar. 2014
Mar. 2015
%Change
Median Price $542,500
$610,000
12%
83
15%
$51,132,324
20%
$616,052
4%
167
3%
55
-7%
2.01
-11%
$686,279
11%
Properties Sold
72
Sales Volume $42,634,485
Average Sale Price
$592,146
Properties For Sale 162
Average Days on Market
59
Months Supply of Inventory 2.25
Average List Price
$617,488
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Calabasas
Mar. 2014
Median Price $1,417,500
Properties Sold
22
Sales Volume $38,570,500
Average Sale Price
$1,753,205
Properties For Sale 120
Average Days on Market
77
Months Supply of Inventory 5.45
Average List Price
$1,411,237
Mar. 2015
%Change
$962,500
-32%
32
45%
$43,178,800
12%
$1,349,338
-23%
139
16%
77
0%
4.34
-20%
$1,685,669
19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Chatsworth
Mar. 2014
Mar. 2015
%Change
Median Price $438,000
$470,000
7%
32
10%
$17,960,950
36%
$561,280
23%
112
-13%
72
47%
3.5
-21%
$856,839
53%
Properties Sold
29
Sales Volume $13,226,650
Average Sale Price
$456,091
Properties For Sale 128
Average Days on Market
49
Months Supply of Inventory 4.41
Average List Price
$558,380
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Encino
Mar. 2014
Mar. 2015
%Change
Median Price $650,000
$621,000
-4%
58
23%
$54,488,200
42%
$939,452
15%
237
9%
57
-16%
4.09
-12%
Properties Sold
47
Sales Volume $38,445,618
Average Sale Price
$817,992
Properties For Sale 218
Average Days on Market
68
Months Supply of Inventory 4.64
Average List Price
$1,148,608
$1,180,435
3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Granada Hills
Mar. 2014
Mar. 2015
%Change
Median Price $458,000
$542,450
18%
40
-2%
$22,333,750
3%
$558,344
6%
Properties Sold
41
Sales Volume $21,624,350
Average Sale Price
$527,423
Properties For Sale 135
Average Days on Market
43
Months Supply of Inventory 3.29
Average List Price
$519,484
93
-31%
51
19%
2.33
-29%
$555,077
7%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Hidden Hills
Mar. 2014
Median Price $2,750,000
Properties Sold
2
Sales Volume $5,500,000
Average Sale Price
$2,750,000
Properties For Sale 30
Average Days on Market
204
Months Supply of Inventory 15
Average List Price
$5,358,800
Mar. 2015
%Change
$2,872,500
4%
2
0%
$5,745,000
4%
$2,872,500
4%
30
0%
19
-91%
15
0%
$3,090,875
-42%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Lake Balboa
Mar. 2014
Mar. 2015
%Change
Median Price $467,450
$482,000
3%
20
11%
$9,378,500
22%
$468,925
10%
52
11%
46
-6%
2.6
0%
$468,925
10%
Properties Sold
18
Sales Volume $7,656,750
Average Sale Price
$425,375
Properties For Sale 47
Average Days on Market
49
Months Supply of Inventory 2.61
Average List Price
$425,375
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Mission Hills
Mar. 2014
Mar. 2015
%Change
Median Price $379,950
$448,250
18%
12
140%
$4,875,500
236%
$406,292
40%
22
-24%
84
35%
1.83
-68%
$431,644
15%
Properties Sold
5
Sales Volume $1,450,078
Average Sale Price
$290,016
Properties For Sale 29
Average Days on Market
62
Months Supply of Inventory 5.8
Average List Price
$375,553
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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North Hills
Mar. 2014
Mar. 2015
%Change
Median Price $392,000
$383,500
-2%
23
21%
$8,184,349
14%
$355,841
-6%
74
-20%
50
-17%
3.22
-34%
$413,333
10%
Properties Sold
19
Sales Volume $7,166,000
Average Sale Price
$377,158
Properties For Sale 93
Average Days on Market
60
Months Supply of Inventory 4.89
Average List Price
$376,275
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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North Hollywood
Mar. 2014
Mar. 2015
%Change
Median Price $430,000
$432,500
1%
Properties Sold
51
Sales Volume $21,732,855
Average Sale Price
$426,134
Properties For Sale 160
Average Days on Market
54
Months Supply of Inventory 3.14
Average List Price
$452,688
34
-33%
$15,187,500
-30%
$446,691
5%
138
-14%
61
13%
4.06
29%
$539,521
19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Northridge
Mar. 2014
Mar. 2015
%Change
Median Price $521,012
$536,500
3%
85
39%
$50,271,149
45%
$591,425
4%
219
-7%
67
22%
2.58
-33%
$676,233
13%
Properties Sold
61
Sales Volume $34,632,989
Average Sale Price
$567,754
Properties For Sale 235
Average Days on Market
55
Months Supply of Inventory 3.85
Average List Price
$597,538
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Pacoima
Mar. 2014
Mar. 2015
%Change
Median Price $310,000
$317,500
2%
22
69%
$6,780,800
73%
$308,218
3%
Properties Sold
13
Sales Volume $3,909,059
Average Sale Price
$300,697
Properties For Sale 70
Average Days on Market
61
Months Supply of Inventory 5.38
Average List Price
$308,295
53
-24%
59
-3%
2.41
-55%
$339,355
10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Reseda
Mar. 2014
Mar. 2015
%Change
Median Price $358,000
$410,000
15%
39
26%
$14,890,400
37%
$381,805
9%
Properties Sold
31
Sales Volume $10,902,500
Average Sale Price
$351,694
Properties For Sale 116
Average Days on Market
32
Months Supply of Inventory 3.74
Average List Price
$409,704
99
-15%
63
97%
2.54
-32%
$442,599
8%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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San Fernando
Mar. 2014
Mar. 2015
%Change
Median Price $350,000
$357,000
2%
11
0%
$3,779,500
2%
$343,591
2%
36
-8%
60
7%
3.27
-8%
$355,112
13%
Properties Sold
11
Sales Volume $3,710,000
Average Sale Price
$337,273
Properties For Sale 39
Average Days on Market
56
Months Supply of Inventory 3.55
Average List Price
$314,225
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Shadow Hills
Mar. 2014
Mar. 2015
%Change
Median Price $690,000
$730,000
6%
Properties Sold
3
Sales Volume $1,890,000
Average Sale Price
$630,000
Properties For Sale 19
Average Days on Market
117
Months Supply of Inventory 6.33
Average List Price
$969,404
2
-33%
$1,460,000
-23%
$730,000
16%
18
-5%
101
-14%
9
42%
$639,396
-34%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Sherman Oaks
Mar. 2014
Mar. 2015
%Change
Median Price $660,000
$682,500
3%
84
22%
$72,681,032
47%
$865,250
21%
213
-14%
54
2%
Properties Sold
69
Sales Volume $49,534,880
Average Sale Price
$717,897
Properties For Sale 249
Average Days on Market
53
Months Supply of Inventory 3.61
Average List Price
$876,866
2.54
-30%
$1,169,911
33%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Studio City
Mar. 2014
Mar. 2015
%Change
Median Price $954,500
$900,000
-6%
45
2%
Properties Sold
44
Sales Volume $51,415,187
Average Sale Price
$1,168,527
Properties For Sale 158
Average Days on Market
75
Months Supply of Inventory 3.59
Average List Price
$1,108,332
$41,500,075
-19%
$922,224
-21%
129
-18%
70
-7%
2.87
-20%
$1,482,702
34%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Sun Valley
Mar. 2014
Mar. 2015
%Change
Median Price $388,250
$358,000
-8%
29
61%
$10,235,000
40%
$352,931
-13%
47
-34%
57
0%
Properties Sold
18
Sales Volume $7,291,350
Average Sale Price
$405,075
Properties For Sale 71
Average Days on Market
57
Months Supply of Inventory 3.94
Average List Price
$411,134
1.62
-59%
$480,134
17%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Sylmar
Mar. 2014
Mar. 2015
%Change
Median Price $354,000
$371,000
5%
58
16%
$22,039,550
26%
$379,992
8%
Properties Sold
50
Sales Volume $17,546,150
Average Sale Price
$350,923
Properties For Sale 182
Average Days on Market
50
Months Supply of Inventory 3.64
Average List Price
$366,500
160
-12%
53
6%
2.76 $399,406
-24% 9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Tarzana
Mar. 2014
Mar. 2015
%Change
Median Price $570,000
$490,000
-14%
59
48%
$39,930,226
24%
$676,783
-16%
143
-9%
71
25%
2.42
-38%
Properties Sold
40
Sales Volume $32,163,500
Average Sale Price
$804,088
Properties For Sale 157
Average Days on Market
57
Months Supply of Inventory 3.93
Average List Price
$796,920
$859,292
8%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Toluca Lake
Mar. 2014
Mar. 2015
%Change
Median Price $540,000
$774,500
43%
18
50%
$22,134,525
168%
$1,229,696
79%
34
-3%
46
-22%
1.89
-35%
$1,066,961
16%
Properties Sold
12
Sales Volume $8,245,500
Average Sale Price
$687,125
Properties For Sale 35
Average Days on Market
59
Months Supply of Inventory 2.92
Average List Price
$921,578
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Valley Glen
Mar. 2014
Mar. 2015
%Change
Median Price $627,000
$538,000
-14%
24
167%
$13,935,750
161%
Properties Sold
9
Sales Volume $5,341,000
Average Sale Price
$593,444
Properties For Sale 48
Average Days on Market
59
Months Supply of Inventory 5.33
Average List Price
$578,374
$580,656
-2%
53
10%
61
3%
2.21 $627,181
-59% 8%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Valley Village
Mar. 2014
Mar. 2015
%Change
Median Price $798,500
$752,500
-6%
16
14%
$13,036,000
22%
$814,750
6%
Properties Sold
14
Sales Volume $10,711,000
Average Sale Price
$765,071
Properties For Sale 52
Average Days on Market
39
Months Supply of Inventory 3.71
Average List Price
$806,266
35
-33%
88
126%
2.19
-41%
$665,214
-17%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Van Nuys
Mar. 2014
Mar. 2015
%Change
Median Price $402,500
$385,000
-4%
46
44%
$17,828,166
37%
$387,569
-5%
113
-15%
62
15%
2.46
-41%
$470,840
17%
Properties Sold
32
Sales Volume $13,015,600
Average Sale Price
$406,738
Properties For Sale 133
Average Days on Market
54
Months Supply of Inventory 4.16
Average List Price
$401,923
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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West Hills
Mar. 2014
Mar. 2015
%Change
Median Price $522,000
$590,175
13%
38
15%
$22,830,400
19%
$600,800
4%
133
2%
51
-12%
3.5
-12%
$649,542
10%
Properties Sold
33
Sales Volume $19,134,000
Average Sale Price
$579,818
Properties For Sale 131
Average Days on Market
58
Months Supply of Inventory 3.97
Average List Price
$588,379
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Winnetka
Mar. 2014
Mar. 2015
%Change
Median Price $424,500
$418,000
-2%
Properties Sold
16
Sales Volume $6,989,777
Average Sale Price
$436,861
Properties For Sale 127
Average Days on Market
56
Months Supply of Inventory 7.94
Average List Price
$408,524
37
131%
$14,756,824
111%
$398,833
-9%
79
-38%
61
9%
2.14 $426,827
-73% 4%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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Woodland Hills
Mar. 2014
Mar. 2015
%Change
Median Price $555,000
$645,000
16%
95
56%
$65,700,770
79%
$691,587
15%
229
-13%
74
40%
2.41
-44%
Properties Sold
61
Sales Volume $36,673,600
Average Sale Price
$601,207
Properties For Sale 263
Average Days on Market
53
Months Supply of Inventory 4.31
Average List Price
$726,142
$776,964
7%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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