Local Market Report March 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
March 2015
Median Price $397,500
Properties Sold
14
Sales Volume $5,564,000
Average Sale Price
$397,429
Properties For Sale 35
Average Days on Market
55
Months Supply of Inventory 3
Average List Price
$377,029
March 2016 $429,545
8%
17
21%
$7,029,445
26%
$413,497
4%
20
-43%
25
-55%
1
-67%
$420,395
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Bell Canyon
March 2015
March 2016
%Change
Median Price $1,412,000
$1,792,940
27%
2
-67%
$3,585,880
-63%
$1,792,940
10%
16
-50%
175
289%
8
60%
$1,878,000
23%
Properties Sold
6
Sales Volume $9,778,000
Average Sale Price
$1,629,667
Properties For Sale 32
Average Days on Market
45
Months Supply of Inventory 5
Average List Price
$1,523,575
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
March 2015
Median Price $650,000
Properties Sold
53
Sales Volume $37,404,241
Average Sale Price
$705,740
Properties For Sale 129
Average Days on Market
48
Months Supply of Inventory 2
Average List Price
$785,252
March 2016 $700,500
8%
50
-6%
$36,786,169
-2%
$735,723
4%
125
-3%
50
4%
3
50%
$794,717
1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Calabasas
March 2015
March 2016
%Change
Median Price $1,399,000
$1,925,000
38%
24
14%
$47,251,000
19%
$1,968,792
4%
Properties Sold
21
Sales Volume $39,851,000
Average Sale Price
$1,897,667
Properties For Sale 133
Average Days on Market
69
Months Supply of Inventory 6
Average List Price
$1,892,956
94
-29%
74
7%
4
-33%
$1,752,493
-7%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
March 2015
Median Price $547,500
Properties Sold
24
Sales Volume $15,089,950
Average Sale Price
$628,748
Properties For Sale 95
Average Days on Market
72
Months Supply of Inventory 4
Average List Price
$996,676
March 2016 $700,000
28%
21
-13%
$19,071,500
26%
$908,167
44%
65
-32%
68
-6%
3
-25%
$853,208
-14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Encino
March 2015
March 2016
%Change
Median Price $1,479,860
$1,869,701
26%
37
6%
$55,443,000
18%
$1,498,459
12%
152
-14%
62
11%
4
-20%
$1,869,701
26%
Properties Sold
35
Sales Volume $46,969,560
Average Sale Price
$1,341,987
Properties For Sale 177
Average Days on Market
56
Months Supply of Inventory 5
Average List Price
$1,479,860
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
March 2015
Median Price $566,426
Properties Sold
24
Sales Volume $22,023,750
Average Sale Price
$564,712
Properties For Sale 95
Average Days on Market
51
Months Supply of Inventory 2
Average List Price
$566,426
March 2016 $701,735
24%
23
-4%
$19,260,703
-13%
$550,306
-3%
80
-16%
56
10%
2
0%
$701,735
24%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Hidden Hills
March 2015
March 2016
%Change
Median Price $2,395,000
$4,750,000
98%
3
0%
$15,700,000
98%
$5,233,333
98%
32
0%
55
61
11%
Months Supply of Inventory 11
11
0%
$5,432,857
80%
Properties Sold
3
Sales Volume $7,934,000
Average Sale Price
$2,644,667
Properties For Sale 32
Average Days on Market
Average List Price
$3,023,500
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
March 2015
Median Price $455,000
Properties Sold
18
Sales Volume $8,690,500
Average Sale Price
$482,806
Properties For Sale 47
Average Days on Market
49
Months Supply of Inventory 3
Average List Price
$501,607
March 2016 $490,000
8%
29
61%
$14,592,000
68%
$503,172
4%
37
-21%
49
0%
1
-67%
$531,218
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
6%
Mission Hills
March 2015
Median Price $419,000
Properties Sold
11
Sales Volume $4,525,500
Average Sale Price
$411,409
Properties For Sale 27
Average Days on Market
82
Months Supply of Inventory 2
Average List Price
$465,642
March 2016 $460,000
10%
6
-45%
$2,746,000
-39%
$457,667
11%
22
-19%
42
-49%
4
100%
$452,856
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
-3%
North Hills
March 2015
Median Price $426,000
Properties Sold
12
Sales Volume $5,122,400
Average Sale Price
$426,867
Properties For Sale 52
Average Days on Market
64
Months Supply of Inventory 4
Average List Price
$511,055
March 2016 $460,000
8%
14
17%
$6,587,000
29%
$470,500
10%
36
-31%
53
-17%
3
-25%
$497,716
-3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
North Hollywood
March 2015
Median Price $440,000
Properties Sold
23
Sales Volume $11,214,500
Average Sale Price
$487,587
Properties For Sale 116
Average Days on Market
59
Months Supply of Inventory 5
Average List Price
$581,016
March 2016 $527,000
20%
35
52%
$18,472,779
65%
$527,794
8%
80
-31%
49
-17%
2
-60%
$524,785
-10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Northridge
March 2015
Median Price $592,500
Properties Sold
70
Sales Volume $44,677,899
Average Sale Price
$638,256
Properties For Sale 206
Average Days on Market
65
Months Supply of Inventory 3
Average List Price
$719,397
March 2016 $645,500
9%
58
-17%
$38,898,938
-13%
$670,671
5%
170
-17%
67
3%
3
0%
$760,063
6%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Pacoima
March 2015
Median Price $324,000
Properties Sold
18
Sales Volume $5,791,300
Average Sale Price
$321,739
Properties For Sale 47
Average Days on Market
60
Months Supply of Inventory 3
Average List Price
$371,586
March 2016 $381,500
18%
14
-22%
$5,207,600
-10%
$371,971
16%
37
-21%
63
5%
3
0%
$405,288
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Reseda
March 2015
Median Price $439,925
Properties Sold
30
Sales Volume $12,490,400
Average Sale Price
$416,347
Properties For Sale 77
Average Days on Market
54
Months Supply of Inventory 3
Average List Price
$463,564
March 2016 $464,000
5%
32
7%
$14,924,250
19%
$466,383
12%
55
-29%
$52
-4%
2
-33%
$484,904
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
5%
San Fernando
March 2015
Median Price $356,362
Properties Sold
10
Sales Volume $4,708,400
Average Sale Price
$352,950
Properties For Sale 38
Average Days on Market
65
Months Supply of Inventory 4
Average List Price
$356,362
March 2016 $416,170
17%
10
0%
$6,266,599
33%
$394,750
12%
15
-61%
40
-38%
2
-50%
$416,170
17%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Shadow Hills
March 2015
Median Price $730,000
Properties Sold
2
Sales Volume $1,460,000
Average Sale Price
$730,000
Properties For Sale 20
Average Days on Market
101
Months Supply of Inventory 10
Average List Price
$645,110
March 2016 $889,150
22%
6
200%
$6,132,300
320%
$1,022,050
40%
13
-35%
60
-41%
2
-80%
$771,725
20%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Sherman Oaks
March 2015
Median Price $923,750
Properties Sold
48
Sales Volume $55,790,132
Average Sale Price
$1,162,294
Properties For Sale 164
Average Days on Market
61
Months Supply of Inventory 3
Average List Price
$1,424,553
March 2016
%Change
$1,124,500
22%
54
13%
$66,364,918
19%
$1,228,980
6%
180
10%
56
-8%
3
0%
$1,632,747
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
March 2015
March 2016
%Change
Median Price $1,042,500
$1,480,000
42%
19
-32%
$30,521,700
-8%
$1,606,405
36%
93
2%
67
-4%
5
67%
$1,707,972
-8%
Properties Sold
28
Sales Volume $33,193,000
Average Sale Price
$1,185,464
Properties For Sale 91
Average Days on Market
70
Months Supply of Inventory 3
Average List Price
$1,850,017
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
March 2015
Median Price $367,500
Properties Sold
22
Sales Volume $7,963,000
Average Sale Price
$361,955
Properties For Sale 46
Average Days on Market
46
Months Supply of Inventory 2
Average List Price
$519,862
March 2016 $440,000
20%
17
-23%
$7,461,333
-6%
$438,902
21%
36
-22%
70
52%
2
0%
$495,250
-5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Sylmar
March 2015
Median Price $405,000
Properties Sold
38
Sales Volume $16,157,750
Average Sale Price
$425,204
Properties For Sale 129
Average Days on Market
53
Months Supply of Inventory 3
Average List Price
$440,466
March 2016 $425,000
5%
45
18%
$24,005,000
49%
$533,444
25%
88
-32%
59
11%
2
-33%
$561,205
27%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Tarzana
March 2015
Median Price $890,000
Properties Sold
33
Sales Volume $31,675,226
Average Sale Price
$959,855
Properties For Sale 103
Average Days on Market
78
Months Supply of Inventory 3
Average List Price
$1,268,019
March 2016 $949,000
7%
19
-42%
$20,886,000
-34%
$1,099,263
15%
98
-5%
66
-15%
5
67%
$1,286,867
1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Toluca Lake
March 2015
March 2016
%Change
Median Price $1,175,000
$1,560,000
33%
4
-64%
$5,590,000
-70%
$1,397,500
-17%
$16
-30%
54
-11%
4
100%
$2,015,600
35%
Properties Sold
11
Sales Volume $18,559,525
Average Sale Price
$1,687,230
Properties For Sale 23
Average Days on Market
61
Months Supply of Inventory 2
Average List Price
$1,490,580
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
March 2015
Median Price $610,000
Properties Sold
21
Sales Volume $12,791,750
Average Sale Price
$609,131
Properties For Sale 53
Average Days on Market
64
Months Supply of Inventory 3
Average List Price
$632,748
March 2016 $605,000
-1%
15
-29%
$10,129,750
-21%
$675,317
11%
51
-4%
76
19%
3
0%
$729,962
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Valley Village
March 2015
Median Price $775,000
Properties Sold
13
Sales Volume $11,882,500
Average Sale Price
$914,038
Properties For Sale 25
Average Days on Market
97
Months Supply of Inventory 2
Average List Price
$791,437
March 2016 $850,000
10%
10
-23%
$9,989,000
-16%
$998,900
9%
42
68%
56
-42%
4
100%
$1,092,201
38%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Van Nuys
March 2015
Median Price $440,000
Properties Sold
32
Sales Volume $14,453,766
Average Sale Price
$451,680
Properties For Sale 77
Average Days on Market
53
Months Supply of Inventory 2
Average List Price
$519,679
March 2016 $505,000
15%
24
-25%
$12,599,800
-13%
$524,992
16%
76
-1%
63
19%
3
50%
$604,998
16%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
West Hills
March 2015
Median Price $595,350
Properties Sold
37
Sales Volume $22,502,400
Average Sale Price
$608,173
Properties For Sale 139
Average Days on Market
52
Months Supply of Inventory 4
Average List Price
$653,441
March 2016 $630,000
6%
43
16%
$28,202,227
25%
$655,866
8%
79
-43%
64
23%
2
-50%
$749,492
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Winnetka
March 2015
Median Price $430,000
Properties Sold
29
Sales Volume $12,809,500
Average Sale Price
$441,707
Properties For Sale 73
Average Days on Market
64
Months Supply of Inventory 3
Average List Price
$456,381
March 2016 $479,900
12%
27
-7%
$13,214,750
3%
$489,435
11%
46
-37%
52
-19%
2
-33%
$501,862
10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Woodland Hills
March 2015
Median Price $690,000
Properties Sold
81
Sales Volume $60,710,770
Average Sale Price
$749,516
Properties For Sale 215
Average Days on Market
73
Months Supply of Inventory 3
Average List Price
$850,742
March 2016 $772,500
12%
50
-38%
$42,578,600
-30%
$851,572
14%
164
-24%
59
-19%
3
0%
$914,719
8%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
RODEO REALTY MARKETING DEPARTMENT