Local Market Report May 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
May 2014
May 2015
%Change
Median Price $337,000
$405,000
20%
20
-13%
Properties Sold
23
Sales Volume $7,631,075
Average Sale Price
$331,786
Properties For Sale 62
Average Days on Market
33
Months Supply of Inventory 2.7
Average List Price
$371,097
$7,905,000
4%
$395,250
19%
20
-68%
47
42%
1
-63%
$399,733
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Bell Canyon
May 2014
Median Price $1,408,000
Properties Sold
2
Sales Volume $2,816,000
Average Sale Price
$1,408,000
Properties For Sale 34
Average Days on Market
109
Months Supply of Inventory 17
Average List Price
$1,546,625
May 2015 $1,214,500
-14%
8
300%
$10,088,000
258%
$1,261,000
-10%
27
-21%
122
12%
3.38
-80%
$1,994,700
29%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Burbank
May 2014
May 2015
%Change
Median Price $589,000
$595,000
1%
86
54%
$55,259,460
54%
$642,552
0%
Properties Sold
56
Sales Volume $35,813,937
Average Sale Price
$639,535
Properties For Sale 177
Average Days on Market
53
Months Supply of Inventory 3.16
Average List Price
$770,114
158
-11%
48
-9%
1.84
-42%
$766,286
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
Calabasas
May 2014
Median Price $983,000
Properties Sold
32
Sales Volume $36,068,875
Average Sale Price
$1,127,152
Properties For Sale 147
Average Days on Market
65
Months Supply of Inventory 4.59
Average List Price
$1,757,325
May 2015 $1,122,500
14%
30
-6%
$58,283,050
62%
$1,942,768
72%
157
7%
84
29%
5.23
14%
$1,758,802
0%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Chatsworth
May 2014
May 2015
%Change
Median Price $470,000
$505,000
7%
36
3%
$19,328,990
6%
$536,916
3%
121
-7%
75
44%
3.36
-9%
$795,373
27%
Properties Sold
35
Sales Volume $18,222,675
Average Sale Price
$520,648
Properties For Sale 130
Average Days on Market
52
Months Supply of Inventory 3.71
Average List Price
$625,927
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
May 2014
May 2015
%Change
Median Price $669,000
$757,500
13%
60
18%
$66,110,600
42%
$1,101,843
21%
229
-4%
57
27%
3.82
-18%
$1,393,982
18%
Properties Sold
51
Sales Volume $46,568,525
Average Sale Price
$913,108
Properties For Sale 238
Average Days on Market
45
Months Supply of Inventory 4.67
Average List Price
$1,179,878
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
May 2014
May 2015
%Change
Median Price $485,000
$502,500
4%
Properties Sold
59
Sales Volume $31,925,999
Average Sale Price
$541,119
Properties For Sale 151
Average Days on Market
46
Months Supply of Inventory 2.56
Average List Price
$526,723
42
-29%
$22,941,750
-28%
$546,232 107
-29%
45
-2%
2.55
0%
$609,558
16%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
1%
Hidden Hills
May 2014
Median Price $3,466,500
Properties Sold
2
Sales Volume $6,933,000
Average Sale Price
$3,466,500
Properties For Sale 34
Average Days on Market
85
Months Supply of Inventory 17
Average List Price
$5,087,000
May 2015 $2,190,000
-37%
7
250%
$17,829,000
157%
$2,547,000
-27%
31
-9%
82
-4%
4.43
-74%
$3,694,714
-27%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Lake Balboa
May 2014
May 2015
%Change
Median Price $438,000
$463,000
6%
27
29%
$12,906,900
31%
$478,033
2%
64
8%
52
27%
2.37
-16%
Properties Sold
21
Sales Volume $9,833,388
Average Sale Price
$468,257
Properties For Sale 59
Average Days on Market
41
Months Supply of Inventory 2.81
Average List Price
$448,449
$481,781
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Mission Hills
May 2014
May 2015
%Change
Median Price $389,000
$427,495
10%
10
-9%
$4,285,990
1%
$428,599
12%
29
45%
34
-37%
2.9
59%
$435,713
10%
Properties Sold
11
Sales Volume $4,227,200
Average Sale Price
$384,291
Properties For Sale 20
Average Days on Market
54
Months Supply of Inventory 1.82
Average List Price
$397,527
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
May 2014
May 2015
%Change
Median Price $383,500
$431,500
13%
34
0%
$14,332,400
17%
$421,541
17%
62
-43%
43
5%
Properties Sold
34
Sales Volume $12,275,800
Average Sale Price
$361,053
Properties For Sale 108
Average Days on Market
41
Months Supply of Inventory 3.18
Average List Price
$418,674
1.82 $432,252
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-43% 3%
North Hollywood
May 2014
May 2015
%Change
Median Price $410,000
$450,000
10%
49
11%
$21,873,611
21%
$446,400
8%
Properties Sold
44
Sales Volume $18,117,400
Average Sale Price
$411,759
Properties For Sale 156
Average Days on Market
50
Months Supply of Inventory 3.55
Average List Price
$440,877
126
-19%
50
0%
2.57 $479,153
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-28% 9%
Northridge
May 2014
May 2015
%Change
Median Price $592,000
$625,000
6%
71
3%
$44,829,300
10%
$631,399
7%
Properties Sold
69
Sales Volume $40,680,950
Average Sale Price
$589,579
Properties For Sale 282
Average Days on Market
45
Months Supply of Inventory 4.09
Average List Price
$642,679
250
-11%
49
9%
3.52
-14%
$705,662
10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
May 2014
May 2015
%Change
Median Price $330,000
$318,500
-3%
24
20%
$7,151,125
17%
$297,964
-3%
48
-39%
59
79%
2
-49%
Properties Sold
20
Sales Volume $6,122,400
Average Sale Price
$306,120
Properties For Sale 79
Average Days on Market
33
Months Supply of Inventory 3.95
Average List Price
$323,405
$354,004
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Reseda
May 2014
May 2015
%Change
Median Price $378,000
$420,000
11%
36
3%
$13,978,000
6%
$388,278
3%
Properties Sold
35
Sales Volume $13,142,800
Average Sale Price
$375,509
Properties For Sale 140
Average Days on Market
53
Months Supply of Inventory 4
Average List Price
$375,918
$97
-31%
$62
17%
2.69
-33%
$431,034
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
May 2014
May 2015
%Change
Median Price $347,500
$394,000
13%
15
-6%
$5,304,000
-1%
$353,600
6%
37
23%
52
30%
2.47
31%
$388,622
23%
Properties Sold
16
Sales Volume $5,334,800
Average Sale Price
$333,425
Properties For Sale 30
Average Days on Market
40
Months Supply of Inventory 1.88
Average List Price
$316,058
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
May 2014
May 2015
%Change
Median Price $598,000
$680,000
14%
2
-67%
$1,360,000
-62%
$680,000
14%
17
-19%
39
62
59%
Months Supply of Inventory 3.5
8.5
143%
$1,131,486
29%
Properties Sold
6
Sales Volume $3,574,250
Average Sale Price
$595,708
Properties For Sale 21
Average Days on Market
Average List Price
$878,707
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
May 2014
May 2015
%Change
Median Price $792,000
$778,000
-2%
73
-22%
$74,635,689
-11%
$1,022,407
15%
267
-6%
51
-2%
3.66
22%
$1,127,458
18%
Properties Sold
94
Sales Volume $83,708,350
Average Sale Price
$890,514
Properties For Sale 283
Average Days on Market
52
Months Supply of Inventory 3.01
Average List Price
$958,232
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
May 2014
May 2015
%Change
Median Price $989,000
$895,000
-10%
45
-20%
$45,839,881
-23%
$1,018,664
-5%
163
-8%
61
-2%
3.62
14%
$1,369,385
15%
Properties Sold
56
Sales Volume $59,896,670
Average Sale Price
$1,069,583
Properties For Sale 178
Average Days on Market
62
Months Supply of Inventory 3.18
Average List Price
$1,186,897
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
May 2014
May 2015
%Change
Median Price $348,000
$457,000
31%
20
18%
$9,685,625
51%
$484,281
29%
60
-26%
52
33%
3
-37%
$503,779
14%
Properties Sold
17
Sales Volume $6,396,000
Average Sale Price
$376,235
Properties For Sale 81
Average Days on Market
39
Months Supply of Inventory 4.76
Average List Price
$442,362
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
May 2014
May 2015
%Change
Median Price $395,000
$400,000
1%
70
8%
$26,206,650
3%
$374,381
-5%
135
-29%
47
-18%
1.93
-34%
$412,115
13%
Properties Sold
65
Sales Volume $25,489,594
Average Sale Price
$392,148
Properties For Sale 191
Average Days on Market
57
Months Supply of Inventory 2.94
Average List Price
$366,212
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
May 2014
May 2015
%Change
Median Price $511,000
$552,500
8%
Properties Sold
44
Sales Volume $29,802,213
Average Sale Price
$677,323
Properties For Sale 173
Average Days on Market
52
Months Supply of Inventory 3.93
Average List Price
$848,870
32
-27%
$22,948,500
-23%
$717,141
6%
158
-9%
76
46%
4.94
26%
$965,113
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
May 2014
May 2015
%Change
Median Price $539,888
$710,000
32%
13
18%
$14,375,000
67%
$1,105,769
42%
$45
36%
60
13%
3.46
15%
$1,366,264
123%
Properties Sold
11
Sales Volume $8,583,888
Average Sale Price
$780,353
Properties For Sale 33
Average Days on Market
53
Months Supply of Inventory 3
Average List Price
$613,101
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
May 2014
May 2015
%Change
Median Price $580,000
$612,000
6%
22
38%
$14,147,300
61%
$643,059
17%
51
-6%
60
-2%
2.32
-31%
Properties Sold
16
Sales Volume $8,775,500
Average Sale Price
$548,469
Properties For Sale 54
Average Days on Market
61
Months Supply of Inventory 3.38
Average List Price
$612,680
$654,924
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Valley Village
May 2014
May 2015
%Change
Median Price $630,000
$732,500
16%
20
150%
$14,144,000
180%
$707,200
12%
43
-35%
44
-8%
2.15
-74%
$910,581
15%
Properties Sold
8
Sales Volume $5,059,000
Average Sale Price
$632,375
Properties For Sale 66
Average Days on Market
48
Months Supply of Inventory 8.25
Average List Price
$793,114
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
May 2014
May 2015
%Change
Median Price $359,750
$415,808
16%
33
-13%
Properties Sold
38
Sales Volume $13,694,940
Average Sale Price
$360,393
Properties For Sale 143
Average Days on Market
39
Months Supply of Inventory 3.76
Average List Price
$404,560
$13,766,134
1%
$417,156
16%
105
-27%
56
44%
3.18
-15%
$760,640
88%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
May 2014
May 2015
%Change
Median Price $537,500
$595,000
11%
64
73%
$41,434,551
100%
$647,415
16%
125
-11%
54
13%
1.95
-49%
Properties Sold
37
Sales Volume $20,725,000
Average Sale Price
$560,135
Properties For Sale 141
Average Days on Market
48
Months Supply of Inventory 3.81
Average List Price
$622,468
$656,806
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6%
Winnetka
May 2014
May 2015
%Change
Median Price $427,000
$432,500
1%
Properties Sold
43
Sales Volume $17,657,338
Average Sale Price
$410,636
Properties For Sale 110
Average Days on Market
56
Months Supply of Inventory 2.56
Average List Price
$388,345
32
-26%
$13,356,700
-24%
$417,397 77
-30%
60
7%
2.41
-6%
$430,950
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Woodland Hills
May 2014
May 2015
%Change
Median Price $647,375
$645,000
0%
101
17%
$71,293,960
25%
$705,881
7%
Properties Sold
86
Sales Volume $56,948,059
Average Sale Price
$662,187
Properties For Sale 285
Average Days on Market
67
Months Supply of Inventory 3.31
Average List Price
$734,289
257
-10%
55
-18%
2.54
-23%
$798,373
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
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