Local Market Report November 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
Nov 2014
Nov 2015
%Change
Median Price $365,500
$420,000
15%
17
-15%
$6,752,500
-6%
$397,206
11%
32
-42%
40
-2%
2
-33%
$413,370
12%
Properties Sold
20
Sales Volume $7,159,100
Average Sale Price
$357,955
Properties For Sale 55
Average Days on Market
41
Months Supply of Inventory 3
Average List Price
$367,967
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
Nov 2014
Median Price $909,500
Properties Sold
2
Sales Volume $1,819,000
Average Sale Price
$909,500
Properties For Sale 35
Average Days on Market
134
Months Supply of Inventory 18
Average List Price
$1,145,962
Nov 2015 $1,440,000
58%
2
0%
$2,880,000
58%
$1,440,000
58%
21
-40%
116
-13%
11
-39%
$1,619,180
41%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Burbank
Nov 2014
Nov 2015
%Change
Median Price $630,000
$605,500
-4%
50
-6%
$32,927,500
-10%
$685,990
-1%
153
-16%
60
2%
3
0%
$740,379
11%
Properties Sold
53
Sales Volume $36,640,499
Average Sale Price
$691,330
Properties For Sale 182
Average Days on Market
59
Months Supply of Inventory 3
Average List Price
$669,230
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
Nov 2014
Nov 2015
%Change
Median Price $880,000
$735,000
-16%
27
80%
$27,844,100
56%
$1,031,263
-13%
Properties Sold
15
Sales Volume $17,796,000
Average Sale Price
$1,186,400
Properties For Sale 111
Average Days on Market
67
Months Supply of Inventory 7
Average List Price
$1,069,757
121
9%
73
9%
4
-43%
$1,603,617
50%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
Nov 2014
Nov 2015
%Change
Median Price $460,000
$555,000
21%
30
30%
$17,865,849
44%
$595,528
11%
107
-26%
73
26%
4
-33%
$670,960
-12%
Properties Sold
23
Sales Volume $12,364,900
Average Sale Price
$537,604
Properties For Sale 144
Average Days on Market
58
Months Supply of Inventory 6
Average List Price
$765,964
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Nov 2014
Nov 2015
%Change
Median Price $732,500
$715,000
-2%
52
13%
$47,520,275
6%
$913,851
-6%
192
-18%
66
-11%
4
-20%
$1,381,193
17%
Properties Sold
46
Sales Volume $44,713,187
Average Sale Price
$972,026
Properties For Sale 235
Average Days on Market
74
Months Supply of Inventory 5
Average List Price
$1,178,976
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Nov 2014
Nov 2015
%Change
Median Price $485,000
$492,818
2%
Properties Sold
41
Sales Volume $20,383,914
Average Sale Price
$497,169
Properties For Sale 132
Average Days on Market
65
Months Supply of Inventory 3
Average List Price
$538,475
36
-12%
$18,733,534
-8%
$520,376
5%
122
-8%
53
-18%
3
0%
$595,113
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Nov 2014
Median Price $3,285,000
Properties Sold
1
Sales Volume $3,285,000
Average Sale Price
$3,285,000
Properties For Sale 31
Average Days on Market
132
Months Supply of Inventory 31
Average List Price
$10,234,750
Nov 2015 $3,480,000
6%
2
100%
$6,960,000
112%
$3,480,000
6%
29
-6%
109
-17%
15
-52%
$7,424,500
-27%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Lake Balboa
Nov 2014
Nov 2015
%Change
Median Price $415,000
$537,500
30%
14
-33%
$7,317,500
-15%
$522,679
27%
49
-29%
51
2%
4
33%
$474,895
-3%
Properties Sold
21
Sales Volume $8,614,680
Average Sale Price
$410,223
Properties For Sale 69
Average Days on Market
50
Months Supply of Inventory 3
Average List Price
$489,855
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
Nov 2014
Nov 2015
%Change
Median Price $372,500
$455,000
22%
11
10%
$4,907,000
33%
$446,091
21%
24
-11%
69
35%
2
-33%
$432,190
16%
Properties Sold
10
Sales Volume $3,698,000
Average Sale Price
$369,800
Properties For Sale 27
Average Days on Market
51
Months Supply of Inventory 3
Average List Price
$374,000
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
Nov 2014
Nov 2015
%Change
Median Price $380,550
$410,000
8%
Properties Sold
26
Sales Volume $9,533,900
Average Sale Price
$366,688
Properties For Sale 112
Average Days on Market
78
Months Supply of Inventory 4
Average List Price
$395,499
16
-38%
$6,070,000
-36%
$379,375 74
-34%
46
-41%
5
25%
$411,000
4%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
3%
North Hollywood
Nov 2014
Nov 2015
%Change
Median Price $400,000
$491,500
23%
36
-14%
$19,017,425
10%
$528,262
28%
150
-2%
58
-5%
4
0%
$516,584
10%
Properties Sold
42
Sales Volume $17,336,500
Average Sale Price
$412,774
Properties For Sale 153
Average Days on Market
61
Months Supply of Inventory 4
Average List Price
$469,332
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Nov 2014
Nov 2015
%Change
Median Price $566,250
$540,000
-5%
50
-14%
$30,544,877
-13%
Properties Sold
58
Sales Volume $35,176,950
Average Sale Price
$606,499
Properties For Sale 245
Average Days on Market
67
Months Supply of Inventory 4
Average List Price
$585,845
$610,898 221
-10%
64
-4%
4
0%
$675,922
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
1%
Pacoima
Nov 2014
Nov 2015
%Change
Median Price $320,000
$353,750
11%
14
-18%
$4,638,000
-6%
$331,286
14%
57
-24%
85
118%
4
0%
$396,967
28%
Properties Sold
17
Sales Volume $4,942,400
Average Sale Price
$290,729
Properties For Sale 75
Average Days on Market
39
Months Supply of Inventory 4
Average List Price
$310,152
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Nov 2014
Nov 2015
%Change
Median Price $373,000
$437,500
17%
38
15%
$16,291,100
33%
$428,713
16%
103
-29%
57
8%
3
-25%
Properties Sold
33
Sales Volume $12,229,300
Average Sale Price
$370,585
Properties For Sale 145
Average Days on Market
53
Months Supply of Inventory 4
Average List Price
$423,743
$435,302
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
3%
San Fernando
Nov 2014
Nov 2015
%Change
Median Price $330,000
$379,000
15%
13
117%
$4,853,250
140%
Properties Sold
6
Sales Volume $2,020,000
Average Sale Price
$336,667
Properties For Sale 47
Average Days on Market
65
Months Supply of Inventory 8
Average List Price
$359,442
$373,327
11%
29
-38%
81
25%
2
-75%
$427,632
19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
Nov 2014
Nov 2015
%Change
Median Price $800,000
$607,500
-24%
2
-33%
$1,215,000
-43%
$607,500
-15%
20
25%
65
-4%
10
100%
$947,417
121%
Properties Sold
3
Sales Volume $2,138,200
Average Sale Price
$712,733
Properties For Sale 16
Average Days on Market
68
Months Supply of Inventory 5
Average List Price
$427,813
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
Nov 2014
Nov 2015
%Change
Median Price $730,250
$751,000
3%
Properties Sold
68
Sales Volume $57,585,517
Average Sale Price
$846,846
Properties For Sale 254
Average Days on Market
63
Months Supply of Inventory 4
Average List Price
$1,059,978
49
-28%
$45,179,000
-22%
$922,020
9%
244
-4%
51
-19%
5
25%
$1,134,675
7%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Nov 2014
Median Price $909,500
Properties Sold
33
Sales Volume $36,241,000
Average Sale Price
$1,098,212
Properties For Sale 136
Average Days on Market
79
Months Supply of Inventory 4
Average List Price
$914,268
Nov 2015 $1,075,000
18%
45
36%
$57,009,829
57%
$1,266,885
15%
167
23%
72
-9%
4
0%
$1,478,158
62%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Sun Valley
Nov 2014
Nov 2015
%Change
Median Price $457,500
$430,000
-6%
15
-38%
$6,943,500
-36%
Properties Sold
24
Sales Volume $10,891,500
Average Sale Price
$453,813
Properties For Sale 79
Average Days on Market
68
Months Supply of Inventory 3
Average List Price
$359,145
$462,900 52
-34%
46
-32%
3
0%
$472,595
32%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Sylmar
Nov 2014
Nov 2015
%Change
Median Price $380,000
$400,000
5%
48
9%
$18,676,199
12%
$389,087
3%
Properties Sold
44
Sales Volume $16,663,450
Average Sale Price
$378,715
Properties For Sale 195
Average Days on Market
51
Months Supply of Inventory 4
Average List Price
$358,121
138
-29%
57
12%
3
-25%
$456,803
28%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Nov 2014
Nov 2015
%Change
Median Price $498,500
$806,000
62%
36
20%
$28,618,000
48%
$794,944
23%
139
-16%
77
31%
4
-33%
$1,108,734
31%
Properties Sold
30
Sales Volume $19,323,400
Average Sale Price
$644,113
Properties For Sale 165
Average Days on Market
59
Months Supply of Inventory 6
Average List Price
$845,212
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Nov 2014
Nov 2015
%Change
Median Price $672,500
$702,250
4%
Properties Sold
8
Sales Volume $7,862,200
Average Sale Price
$982,775
Properties For Sale 47
Average Days on Market
67
Months Supply of Inventory 6
Average List Price
$1,008,111
6
-25%
$5,012,500
-36%
$835,417
-15%
28
-40%
79
18%
5
-17%
$1,997,600
98%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
Nov 2014
Nov 2015
%Change
Median Price $611,000
$547,000
-10%
20
67%
$11,732,500
60%
$586,625
-4%
61
-14%
46
-4%
3
-50%
Properties Sold
12
Sales Volume $7,323,000
Average Sale Price
$610,250
Properties For Sale 71
Average Days on Market
48
Months Supply of Inventory 6
Average List Price
$564,951
$595,894
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
5%
Valley Village
Nov 2014
Nov 2015
%Change
Median Price $663,000
$820,000
24%
7
-53%
$6,750,000
-38%
$964,286
33%
44
-24%
42
-35%
6
50%
$782,524
26%
Properties Sold
15
Sales Volume $10,878,949
Average Sale Price
$725,263
Properties For Sale 58
Average Days on Market
65
Months Supply of Inventory 4
Average List Price
$623,223
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Nov 2014
Nov 2015
%Change
Median Price $439,500
$426,598
-3%
30
36%
$12,105,422
30%
$403,514
-5%
100
-31%
55
-34%
3
-57%
$385,296
-5%
Properties Sold
22
Sales Volume $9,299,500
Average Sale Price
$422,705
Properties For Sale 145
Average Days on Market
83
Months Supply of Inventory 7
Average List Price
$406,953
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
Nov 2014
Nov 2015
%Change
Median Price $594,900
$580,000
-3%
35
6%
$21,122,255
10%
$603,493
4%
Properties Sold
33
Sales Volume $19,200,900
Average Sale Price
$581,845
Properties For Sale 140
Average Days on Market
49
Months Supply of Inventory 4
Average List Price
$643,982
99
-29%
60
22%
3
-25%
$697,539
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Winnetka
Nov 2014
Nov 2015
%Change
Median Price $434,900
$439,975
1%
28
-3%
$11,453,840
-11%
$409,066
-7%
82
-35%
66
-4%
3
-25%
$444,124
16%
Properties Sold
29
Sales Volume $12,798,900
Average Sale Price
$441,341
Properties For Sale 127
Average Days on Market
69
Months Supply of Inventory 4
Average List Price
$383,792
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Nov 2014
Nov 2015
%Change
Median Price $667,500
$629,000
-6%
73
30%
$52,739,276
44%
$722,456
11%
226
-26%
62
-5%
3
-40%
Properties Sold
56
Sales Volume $36,600,325
Average Sale Price
$653,577
Properties For Sale 304
Average Days on Market
65
Months Supply of Inventory 5
Average List Price
$719,544
$782,177
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
RODEO REALTY MARKETING DEPARTMENT