Local Market Report December 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
Rodeo Realty RodeoRE.com
19
Arleta
Dec 2014
Dec 2015
%Change
Median Price $355,000
$399,999
13%
9
-31%
$3,572,499
-16%
$396,944
22%
25
-48%
53
-34%
3
-25%
$439,663
18%
Properties Sold
13
Sales Volume $4,239,000
Average Sale Price
$326,077
Properties For Sale 48
Average Days on Market
80
Months Supply of Inventory 4
Average List Price
$372,273
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
Dec 2014
Median Price $1,650,000
Properties Sold
3
Sales Volume $4,525,000
Average Sale Price
$1,508,333
Properties For Sale 29
Average Days on Market
102
Months Supply of Inventory 10
Average List Price
$1,823,800
Dec 2015 $1,087,500
-34%
2
-33%
$2,175,000
-52%
$1,087,500
-28%
16
-45%
123
21%
8
-20%
$1,736,750
-5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Burbank
Dec 2014
Dec 2015
%Change
Median Price $605,000
$698,500
15%
68
-4%
$49,391,200
12%
$726,341
17%
117
-22%
53
-2%
2
0%
$711,366
9%
Properties Sold
71
Sales Volume $44,181,278
Average Sale Price
$622,272
Properties For Sale 150
Average Days on Market
54
Months Supply of Inventory 2
Average List Price
$655,547
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
Dec 2014
Dec 2015
%Change
Median Price $915,000
$991,500
8%
Properties Sold
14
Sales Volume $13,057,500
Average Sale Price
$932,679
Properties For Sale 98
Average Days on Market
80
Months Supply of Inventory 7
Average List Price
$1,178,100
34
143%
$51,740,925
296%
$1,521,792
63%
84
-14%
75
-6%
2
-71%
$2,894,373
146%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
Dec 2014
Dec 2015
%Change
Median Price $500,000
$430,000
-14%
27
-31%
$13,090,200
-45%
$484,822
-20%
88
-24%
63
-20%
3
0%
$653,484
8%
Properties Sold
39
Sales Volume $23,726,970
Average Sale Price
$608,384
Properties For Sale 116
Average Days on Market
79
Months Supply of Inventory 3
Average List Price
$605,393
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Dec 2014
Dec 2015
%Change
Median Price $648,000
$659,000
2%
Properties Sold
66
Sales Volume $64,375,200
Average Sale Price
$975,382
Properties For Sale 180
Average Days on Market
71
Months Supply of Inventory 3
Average List Price
$1,482,359
57
-14%
$56,697,211
-12%
$994,688 154
-14%
52
-27%
3
0%
$1,145,475
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
-23%
Granada Hills
Dec 2014
Dec 2015
%Change
Median Price $496,000
$535,500
8%
59
11%
$33,470,763
13%
$567,301
2%
Properties Sold
53
Sales Volume $29,598,886
Average Sale Price
$558,470
Properties For Sale 108
Average Days on Market
91
Months Supply of Inventory 2
Average List Price
$578,191
85
-21%
55
-40%
1
-50%
$647,888
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Dec 2014
Median Price $3,180,000
Properties Sold
5
Sales Volume $22,465,000
Average Sale Price
$4,493,000
Properties For Sale 28
Average Days on Market
102
Months Supply of Inventory 6
Average List Price
$11,995,000
Dec 2015 $4,205,000
32%
2
-60%
$8,410,000
-63%
$4,205,000
-6%
23
-18%
165
62%
12
100%
$7,495,000
-38%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Lake Balboa
Dec 2014
Dec 2015
%Change
Median Price $437,000
$490,000
12%
17
-45%
$8,387,888
-37%
$493,405
14%
40
-26%
48
-24%
2
0%
$515,527
8%
Properties Sold
31
Sales Volume $13,419,000
Average Sale Price
$432,871
Properties For Sale 54
Average Days on Market
63
Months Supply of Inventory 2
Average List Price
$475,807
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
Dec 2014
Dec 2015
%Change
Median Price $382,500
$450,000
18%
19
217%
$8,422,000
276%
$443,263
19%
23
-18%
43
-50%
1
-80%
$670,237
13%
Properties Sold
6
Sales Volume $2,242,000
Average Sale Price
$373,667
Properties For Sale 28
Average Days on Market
86
Months Supply of Inventory 5
Average List Price
$595,241
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
Dec 2014
Dec 2015
%Change
Median Price $401,000
$442,500
10%
32
3%
$13,342,150
9%
$416,942
5%
Properties Sold
31
Sales Volume $12,275,475
Average Sale Price
$395,983
Properties For Sale 95
Average Days on Market
68
Months Supply of Inventory 3
Average List Price
$430,769
66
-31%
57
-16%
2
-33%
$393,375
-9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
Dec 2014
Dec 2015
%Change
Median Price $450,000
$457,000
2%
53
2%
$24,528,075
3%
$462,794
1%
Properties Sold
52
Sales Volume $23,755,756
Average Sale Price
$456,841
Properties For Sale 143
Average Days on Market
63
Months Supply of Inventory 3
Average List Price
$448,057
118
-17%
68
8%
2
-33%
$468,172
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
4%
Northridge
Dec 2014
Dec 2015
%Change
Median Price $570,000
$616,500
8%
Properties Sold
89
Sales Volume $53,593,090
Average Sale Price
$602,170
Properties For Sale 200
Average Days on Market
61
Months Supply of Inventory 2
Average List Price
$615,849
78
-12%
$49,471,520
-8%
$634,250
5%
170
-15%
60
-2%
2
0%
$706,571
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Dec 2014
Dec 2015
%Change
Median Price $339,500
$360,000
6%
Properties Sold
69
Sales Volume $6,546,603
Average Sale Price
$327,330
Properties For Sale 69
Average Days on Market
64
Months Supply of Inventory 3
Average List Price
$287,445
53
-23%
$10,250,000
57%
$353,448
8%
53
-23%
46
-28%
2
-33%
$346,284
20%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Dec 2014
Dec 2015
%Change
Median Price $430,000
$423,000
-2%
45
29%
$18,571,400
30%
$422,077
4%
Properties Sold
35
Sales Volume $14,249,240
Average Sale Price
$407,121
Properties For Sale 118
Average Days on Market
61
Months Supply of Inventory 3
Average List Price
$381,573
82
-31%
61
0%
2
-33%
$415,484
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
San Fernando
Dec 2014
Dec 2015
%Change
Median Price $329,900
$355,000
8%
Properties Sold
13
Sales Volume $4,201,900
Average Sale Price
$360,759
Properties For Sale 38
Average Days on Market
72
Months Supply of Inventory 3
Average List Price
$360,759
11
-15%
$4,130,999
-2%
$412,595
14%
35
-8%
37
-49%
3
0%
$412,595
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
Dec 2014
Median Price $1,218,500
Properties Sold
1
Sales Volume $1,218,500
Average Sale Price
$1,218,500
Properties For Sale 12
Average Days on Market
90
Months Supply of Inventory 12
Average List Price
$1,950,000
Dec 2015
%Change
$563,500
-54%
2
100%
$1,127,000
-8%
$563,500
-54%
15
25%
101
12%
8
-33%
$1,222,498
-37%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
Dec 2014
Dec 2015
%Change
Median Price $640,000
$812,500
27%
77
-7%
$70,703,713
7%
$930,312
17%
190
-1%
63
0%
2
0%
$1,440,772
50%
Properties Sold
83
Sales Volume $65,871,138
Average Sale Price
$793,628
Properties For Sale 191
Average Days on Market
63
Months Supply of Inventory 2
Average List Price
$961,400
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Dec 2014
Dec 2015
%Change
Median Price $925,000
$948,750
3%
48
41%
$51,587,700
62%
$1,074,744
15%
134
-1%
58
-6%
3
-25%
$1,222,545
18%
Properties Sold
34
Sales Volume $31,890,100
Average Sale Price
$937,944
Properties For Sale 136
Average Days on Market
62
Months Supply of Inventory 4
Average List Price
$1,039,191
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
Dec 2014
Dec 2015
%Change
Median Price $379,000
$400,000
6%
27
69%
$11,641,179
58%
$431,155
-7%
47
-42%
45
-27%
2
-60%
Properties Sold
16
Sales Volume $7,385,500
Average Sale Price
$461,594
Properties For Sale 81
Average Days on Market
62
Months Supply of Inventory 5
Average List Price
$479,591
$491,022
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Sylmar
Dec 2014
Dec 2015
%Change
Median Price $359,000
$400,000
11%
58
9%
$22,486,500
22%
$394,500
13%
138
-30%
50
-18%
2
-33%
$416,285
20%
Properties Sold
53
Sales Volume $18,438,850
Average Sale Price
$347,903
Properties For Sale 197
Average Days on Market
61
Months Supply of Inventory 3
Average List Price
$347,677
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Dec 2014
Dec 2015
%Change
Median Price $444,500
$563,000
27%
33
10%
$24,498,900
25%
$742,391
14%
123
-10%
76
6%
4
-20%
$742,391
14%
Properties Sold
30
Sales Volume $19,601,500
Average Sale Price
$653,383
Properties For Sale 136
Average Days on Market
72
Months Supply of Inventory 5
Average List Price
$653,383
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Dec 2014
Dec 2015
%Change
Median Price $670,000
$645,000
-4%
9
-44%
$9,127,000
-21%
$1,014,111
40%
$26
-21%
52
-7%
3
50%
$1,372,898
-12%
Properties Sold
16
Sales Volume $11,625,627
Average Sale Price
$726,602
Properties For Sale 33
Average Days on Market
56
Months Supply of Inventory 2
Average List Price
$1,552,667
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
Dec 2014
Dec 2015
%Change
Median Price $570,950
$597,500
5%
Properties Sold
30
Sales Volume $16,562,400
Average Sale Price
$552,080
Properties For Sale 59
Average Days on Market
58
Months Supply of Inventory 2
Average List Price
$577,848
20
-33%
$12,224,800
-26%
$552,080 49
-17%
59
2%
2
0%
$741,074
28%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
Valley Village
Dec 2014
Dec 2015
%Change
Median Price $650,000
$757,000
16%
16
-24%
Properties Sold
21
Sales Volume $13,784,000
Average Sale Price
$656,381
Properties For Sale 44
Average Days on Market
71
Months Supply of Inventory 2
Average List Price
$574,703
$13,884,500
1%
$867,781
32%
29
-34%
71
0%
2
0%
$1,027,499
79%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Dec 2014
Dec 2015
%Change
Median Price $399,000
$475,000
19%
86
-31%
$15,099,774
-5%
$457,569
12%
86
-31%
56
-21%
3
0%
Properties Sold
124
Sales Volume $15,969,790
Average Sale Price
$409,482
Properties For Sale 124
Average Days on Market
71
Months Supply of Inventory 3
Average List Price
$390,506
$827,228
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
112%
West Hills
Dec 2014
Dec 2015
%Change
Median Price $534,500
$623,625
17%
37
-20%
$22,886,025
-13%
Properties Sold
46
Sales Volume $26,271,761
Average Sale Price
$571,125
Properties For Sale 108
Average Days on Market
68
Months Supply of Inventory 2
Average List Price
$610,000
$618,541 80
-26%
60
-12%
2
0%
$692,482
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Winnetka
Dec 2014
Dec 2015
%Change
Median Price $428,000
$467,500
9%
Properties Sold
35
Sales Volume $13,511,000
Average Sale Price
$386,029
Properties For Sale 109
Average Days on Market
70
Months Supply of Inventory 3
Average List Price
$423,700
30
-14%
$12,880,000
-5%
$429,333
11%
57
-48%
53
-24%
2
-33%
$410,586
-3%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Dec 2014
Dec 2015
%Change
Median Price $650,000
$690,000
6%
78
4%
$57,372,459
11%
$735,544
6%
Properties Sold
75
Sales Volume $51,884,275
Average Sale Price
$691,790
Properties For Sale 259
Average Days on Market
68
Months Supply of Inventory 3
Average List Price
$675,971
184
-29%
71
4%
2
-33%
$748,712
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT