Local Market Report October 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 18
4
San Fernando Shadow Hills
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
Arleta
3
Bell Canyon
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19
Arleta
October 2015
Median Price $385,000
Properties Sold
17
Sales Volume $10,279,909
Average Sale Price
$604,701
Properties For Sale 50
Average Days on Market
42
Months Supply of Inventory 3
Average List Price
$604,701
October 2016 %Change $442,000
15%
13
-24%
$5,803,500
-44%
$446,423
-26%
36
-28%
26
-38%
3
0%
$446,423
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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-26%
Bell Canyon
October 2015
Median Price $1,650,000
Properties Sold
2
Sales Volume $3,300,000
Average Sale Price
$1,650,000
Properties For Sale 42
Average Days on Market
196
Months Supply of Inventory 21
Average List Price
$1,650,000
October 2016 %Change $1,405,000
-15%
5
150%
$4,453,250
35%
$890,650
-46%
42
0%
97
-51%
8
-62%
$890,650
-46%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
October 2015
Median Price $580,000
Properties Sold
99
Sales Volume $55,864,170
Average Sale Price
$564,285
Properties For Sale 462
Average Days on Market
48
Months Supply of Inventory 5
Average List Price
$632,623
October 2016 %Change $646,109
11%
105
6%
$127,118,335
128%
$1,210,651
115%
458
-1%
42
-13%
4
-20%
$655,255
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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4%
Calabasas
October 2015
Median Price $752,444
Properties Sold
42
Sales Volume $30,737,038
Average Sale Price
$731,834
Properties For Sale 368
Average Days on Market
74
Months Supply of Inventory 9
Average List Price
$1,094,448
October 2016 %Change $715,000
-5%
49
17%
$48,038,985
56%
$980,387
34%
355
-4%
76
3%
7
-22%
$1,121,191
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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2%
Chatsworth
October 2015
Median Price $421,500
Properties Sold
48
Sales Volume $19,770,495
Average Sale Price
$411,885
Properties For Sale 270
Average Days on Market
50
Months Supply of Inventory 6
Average List Price
$541,367
October 2016 %Change $480,000
14%
41
-15%
$21,646,250
9%
$527,957
28%
249
-8%
72
44%
6
0%
$795,196
47%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Encino
October 2015
Median Price $540,000
October 2016 %Change $639,950
19%
67
-24%
$58,515,954
-13%
$873,372
14%
871
4%
58
53
-9%
Months Supply of Inventory 10
13
30%
$1,271,499
31%
Properties Sold
88
Sales Volume $66,938,982
Average Sale Price
$769,414
Properties For Sale 838
Average Days on Market
Average List Price
$969,654
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
October 2015
Median Price $520,000
Properties Sold
50
Sales Volume $27,475,168
Average Sale Price
$560,718
Properties For Sale 234
Average Days on Market
58
Months Supply of Inventory 5
Average List Price
$526,025
October 2016 %Change $572,500
10%
52
4%
$29,264,295
7%
$562,775
0%
235
0%
41
-29%
5
0%
$531,920
1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
October 2015
Median Price $4,250,000
Properties Sold
3
Sales Volume $13,695,000
Average Sale Price
$4,565,000
Properties For Sale 61
Average Days on Market
113
Months Supply of Inventory 20
Average List Price
$3,642,271
October 2016 %Change $0
-100%
0
-100%
$0
-100%
$0
-100%
50
-18%
0
-100%
0
-100%
$4,468,488
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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23%
Lake Balboa
October 2015
Median Price $477,475
Properties Sold
36
Sales Volume $15,550,948
Average Sale Price
$431,971
Properties For Sale 114
Average Days on Market
57
Months Supply of Inventory 3
Average List Price
$423,697
October 2016 %Change $525,000
10%
29
-19%
$12,665,200
-19%
$436,731
1%
122
7%
43
-25%
4
33%
$526,948
24%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Mission Hills
October 2015
Median Price $435,000
Properties Sold
15
Sales Volume $5,688,050
Average Sale Price
$379,203
Properties For Sale 45
Average Days on Market
48
Months Supply of Inventory 3
Average List Price
$326,628
October 2016 %Change $440,500 9
-40%
$4,177,500
-27%
$464,167
22%
45
0%
74
54%
5
67%
$433,650
33%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
1%
North Hills
October 2015
Median Price $449,900
Properties Sold
25
Sales Volume $9,943,950
Average Sale Price
$397,758
Properties For Sale 175
Average Days on Market
60
Months Supply of Inventory 7
Average List Price
$403,162
October 2016 %Change $504,000
12%
32
28%
$15,275,663
54%
$477,364
20%
160
-9%
47
-22%
5
-29%
$466,819
16%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
October 2015
Median Price $495,000
Properties Sold
73
Sales Volume $38,279,885
Average Sale Price
$524,382
Properties For Sale 621
Average Days on Market
63
Months Supply of Inventory 9
Average List Price
$476,151
October 2016 %Change $486,500
-2%
64
-12%
$38,049,495
-1%
$594,523
13%
584
-6%
62
-2%
9
0%
$655,808
38%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Northridge
October 2015
Median Price $524,000
Properties Sold
134
Sales Volume $64,706,117
Average Sale Price
$482,881
Properties For Sale 529
Average Days on Market
55
Months Supply of Inventory 4
Average List Price
$514,368
October 2016 %Change $563,500
8%
127
-5%
$61,478,697
-5%
$487,926
1%
510
-4%
42
-24%
4
0%
$532,643
4%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
October 2015
Median Price $365,000
Properties Sold
22
Sales Volume $7,742,000
Average Sale Price
$351,909
Properties For Sale 111
Average Days on Market
33
Months Supply of Inventory 5
Average List Price
$329,796
October 2016 %Change $332,000
-9%
18
-18%
$5,589,400
-28%
$310,522
-12%
103
-7%
53
61%
6
20%
$354,932
8%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
October 2015
Median Price $432,000
Properties Sold
64
Sales Volume $25,578,210
Average Sale Price
$399,660
Properties For Sale 252
Average Days on Market
52
Months Supply of Inventory 4
Average List Price
$442,122
October 2016 %Change $416,000
-4%
49
-23%
$16,634,900
-35%
$339,488
-15%
245
-3%
50
-4%
5
25%
$482,762
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
October 2015
Median Price $337,500
Properties Sold
22
Sales Volume $7,336,600
Average Sale Price
$333,482
Properties For Sale 72
Average Days on Market
48
Months Supply of Inventory 3
Average List Price
$456,250
October 2016 %Change $430,000
27%
23
5%
$9,573,700
30%
$416,248
25%
60
-17%
68
42%
3
0%
$455,593
0%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Shadow Hills
October 2015
Median Price $664,500
October 2016 %Change $610,000
-8%
5
25%
$3,400,000
27%
$680,000
2%
51
11%
52
77
48%
Months Supply of Inventory 12
10
-17%
$709,990
-19%
Properties Sold
4
Sales Volume $2,668,000
Average Sale Price
$667,000
Properties For Sale 46
Average Days on Market
Average List Price
$872,889
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
October 2015
Median Price $710,000
October 2016 %Change $730,000
3%
124
10%
$103,924,297
18%
$844,913
7%
1399
3%
49
56
14%
Months Supply of Inventory 12
11
-8%
$777,514
-9%
Properties Sold
113
Sales Volume $88,082,735
Average Sale Price
$786,453
Properties For Sale 1361
Average Days on Market
Average List Price
$853,698
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
October 2015
Median Price $572,500
October 2016 %Change $695,000
21%
69
44%
$58,082,785
49%
$841,779
3%
861
0%
43
51
19%
Months Supply of Inventory 18
12
-33%
Properties Sold
48
Sales Volume $39,061,904
Average Sale Price
$813,790
Properties For Sale 858
Average Days on Market
Average List Price
$972,791
$1,032,608
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6%
Sun Valley
October 2015
Median Price $405,000
Properties Sold
34
Sales Volume $13,103,024
Average Sale Price
$385,383
Properties For Sale 137
Average Days on Market
55
Months Supply of Inventory 4
Average List Price
$475,567
October 2016 %Change $482,500
19%
28
-18%
$12,616,150
-4%
$450,577
17%
125
-9%
45
-18%
4
0%
$597,323
26%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
October 2015
Median Price $385,000
Properties Sold
74
Sales Volume $24,798,949
Average Sale Price
$335,121
Properties For Sale 257
Average Days on Market
50
Months Supply of Inventory 3
Average List Price
$476,574
October 2016 %Change $402,500
5%
68
-8%
$26,590,508
7%
$391,037
17%
249
-3%
38
-24%
4
33%
$382,749
-20%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
October 2015
Median Price $515,000
Properties Sold
407
Sales Volume $32,589,859
Average Sale Price
$571,752
Properties For Sale 407
Average Days on Market
57
Months Supply of Inventory 7
Average List Price
$711,211
October 2016 %Change $290,000
-44%
391
-4%
$22,199,127
-32%
$462,482
-19%
391
-4%
60
5%
8
14%
$843,307
19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
October 2015
Median Price $518,750
October 2016 %Change $599,500
16%
16
0%
$13,238,000
33%
$827,375
33%
177
5%
36
57
58%
Months Supply of Inventory 11
11
0%
$889,851
18%
Properties Sold
16
Sales Volume $9,988,775
Average Sale Price
$624,298
Properties For Sale 169
Average Days on Market
Average List Price
$752,975
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
October 2015
Median Price $568,113
Properties Sold
31
Sales Volume $16,417,895
Average Sale Price
$529,610
Properties For Sale 101
Average Days on Market
55
Months Supply of Inventory 3
Average List Price
$568,113
October 2016 %Change $524,947
-8%
23
-26%
$11,166,805
-32%
$485,513
-8%
93
-8%
49
-11%
4
33%
$524,947
-8%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
October 2015
Median Price $665,000
October 2016 %Change $667,000
0%
23
-8%
$14,292,845
-2%
$621,428
6%
277
12%
58
62
7%
Months Supply of Inventory 10
12
20%
$811,744
0%
Properties Sold
25
Sales Volume $14,593,145
Average Sale Price
$583,726
Properties For Sale 248
Average Days on Market
Average List Price
$809,416
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
October 2015
Median Price $434,975
October 2016 %Change $349,000
-20%
35
-3%
$12,766,840
-11%
$364,767
-9%
386
5%
48
47
-2%
Months Supply of Inventory 10
11
10%
$644,212
25%
Properties Sold
36
Sales Volume $14,368,262
Average Sale Price
$399,118
Properties For Sale 368
Average Days on Market
Average List Price
$516,577
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
October 2015
Median Price $521,000
Properties Sold
52
Sales Volume $26,740,163
Average Sale Price
$514,234
Properties For Sale 258
Average Days on Market
53
Months Supply of Inventory 5
Average List Price
$447,643
October 2016 %Change $564,500
8%
60
15%
$27,567,040
3%
$459,451
-11%
236
-9%
53
0%
4
-20%
$540,271
21%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
October 2015
Median Price $442,500
Properties Sold
34
Sales Volume $12,600,525
Average Sale Price
$370,604
Properties For Sale 157
Average Days on Market
49
Months Supply of Inventory 5
Average List Price
$364,961
October 2016 %Change $360,000
-19%
39
15%
$12,554,902
0%
$321,921
-13%
151
-4%
32
-35%
4
-20%
$421,700
16%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
October 2015
Median Price $423,000
Properties Sold
118
Sales Volume $50,546,122
Average Sale Price
$428,357
Properties For Sale 717
Average Days on Market
49
Months Supply of Inventory 6
Average List Price
$512,198
October 2016 %Change $590,500
40%
112
-5%
$59,223,310
17%
$533,543
25%
789
10%
53
8%
7
17%
$508,262
-1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT