Local Market Report October 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
Oct 2014
Oct 2015
%Change
Median Price $351,500
$367,000
4%
Properties Sold
19
Sales Volume $6,276,700
Average Sale Price
$330,353
Properties For Sale 48
Average Days on Market
59
Months Supply of Inventory 3
Average List Price
$362,617
15
-21%
$5,679,909
-10%
$378,661
15%
37
-23%
39
-34%
2
-33%
$407,538
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
Oct 2014
Median Price $0
Properties Sold
0
Sales Volume $0
Average Sale Price
$0
Properties For Sale 40
Average Days on Market
0
Months Supply of Inventory 0
Average List Price
$1,743,667
Oct 2015 $1,650,000 2 $3,300,000 $1,650,000 24
-40%
196 12 $1,251,133
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
-28%
Burbank
Oct 2014
Oct 2015
%Change
Median Price $610,000
$648,000
6%
67
10%
$45,049,700
25%
$672,384
14%
187
-10%
47
-8%
3
0%
$807,596
21%
Properties Sold
61
Sales Volume $36,117,700
Average Sale Price
$592,093
Properties For Sale 208
Average Days on Market
51
Months Supply of Inventory 3
Average List Price
$670,169
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
Oct 2014
Oct 2015
%Change
Median Price $825,000
$950,000
15%
29
4%
Properties Sold
28
Sales Volume $43,893,850
Average Sale Price
$1,567,638
Properties For Sale 126
Average Days on Market
91
Months Supply of Inventory 5
Average List Price
$1,526,380
$30,667,788
-30%
$1,057,510
-33%
156
24%
91
0%
5
0%
$1,438,198
-6%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
Oct 2014
Oct 2015
%Change
Median Price $474,500
$520,000
10%
37
3%
Properties Sold
36
Sales Volume $24,194,500
Average Sale Price
$672,069
Properties For Sale 146
Average Days on Market
78
Months Supply of Inventory 4
Average List Price
$597,818
$20,328,985
-16%
$549,432
-18%
122
-16%
55
-29%
3
-25%
$633,141
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6%
Encino
Oct 2014
Oct 2015
%Change
Median Price $722,500
$683,500
-5%
64
10%
$65,221,442
12%
$1,019,085
2%
Properties Sold
58
Sales Volume $58,068,397
Average Sale Price
$1,001,179
Properties For Sale 236
Average Days on Market
61
Months Supply of Inventory 4
Average List Price
$1,086,004
209
-11%
65
7%
3
-25%
$1,316,565
21%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Oct 2014
Oct 2015
%Change
Median Price $500,000
$539,000
8%
45
-4%
$28,096,738
18%
$624,372
23%
126
-17%
61
30%
3
0%
$592,080
0%
Properties Sold
47
Sales Volume $23,766,677
Average Sale Price
$505,674
Properties For Sale 151
Average Days on Market
47
Months Supply of Inventory 3
Average List Price
$593,446
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Oct 2014
Median Price $2,250,000
Properties Sold
2
Sales Volume $4,500,000
Average Sale Price
$2,250,000
Properties For Sale 34
Average Days on Market
89
Months Supply of Inventory 17
Average List Price
$6,059,778
Oct 2015 $4,250,000
89%
3
50%
$13,695,000
204%
$4,565,000
103%
34
0%
113
27%
11
-35%
$3,548,600
-41%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Lake Balboa
Oct 2014
Oct 2015
%Change
Median Price $451,950
$489,500
8%
32
60%
$15,540,548
69%
$485,642
6%
Properties Sold
20
Sales Volume $9,175,600
Average Sale Price
$458,780
Properties For Sale 78
Average Days on Market
71
Months Supply of Inventory 4
Average List Price
$461,764
50
-36%
58
-18%
2
-50%
$539,512
17%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
Oct 2014
Oct 2015
%Change
Median Price $405,100
$442,450
9%
Properties Sold
32
Sales Volume $2,809,100
Average Sale Price
$401,300
Properties For Sale 32
Average Days on Market
32
Months Supply of Inventory 5
Average List Price
$443,431
24
-25%
$5,233,800
86%
$436,150
9%
24
-25%
45
41%
2
-60%
$438,025
-1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
Oct 2014
Oct 2015
%Change
Median Price $435,000
$449,950
3%
Properties Sold
30
Sales Volume $11,742,000
Average Sale Price
$391,400
Properties For Sale 104
Average Days on Market
54
Months Supply of Inventory 3
Average List Price
$367,568
23
-23%
$9,626,150
-18%
$418,528 79
-24%
60
11%
3
0%
$432,075
18%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
North Hollywood
Oct 2014
Oct 2015
%Change
Median Price $424,900
$505,000
19%
51
31%
$26,886,350
70%
$527,183
30%
139
-18%
65
7%
3
-25%
Properties Sold
39
Sales Volume $15,804,650
Average Sale Price
$405,247
Properties For Sale 169
Average Days on Market
61
Months Supply of Inventory 4
Average List Price
$465,632
$500,248
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Northridge
Oct 2014
Oct 2015
%Change
Median Price $527,500
$620,000
18%
103
23%
$65,839,276
41%
$639,216
15%
232
-11%
62
-13%
2
-33%
$693,445
14%
Properties Sold
84
Sales Volume $46,544,249
Average Sale Price
$554,098
Properties For Sale 261
Average Days on Market
71
Months Supply of Inventory 3
Average List Price
$610,845
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Oct 2014
Oct 2015
%Change
Median Price $281,000
$365,000
30%
20
-26%
$7,034,500
-8%
$351,725
24%
53
-33%
29
-38%
3
0%
$350,783
18%
Properties Sold
27
Sales Volume $7,652,900
Average Sale Price
$283,441
Properties For Sale 79
Average Days on Market
47
Months Supply of Inventory 3
Average List Price
$298,474
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Oct 2014
Oct 2015
%Change
Median Price $379,000
$441,000
16%
54
35%
$23,523,900
58%
$435,628
17%
116
-24%
$52
-5%
2
-50%
$462,146
14%
Properties Sold
40
Sales Volume $14,844,185
Average Sale Price
$371,105
Properties For Sale 153
Average Days on Market
55
Months Supply of Inventory 4
Average List Price
$406,580
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
Oct 2014
Oct 2015
%Change
Median Price $307,500
$337,500
10%
22
83%
$7,569,300
116%
$344,059
18%
25
-48%
48
2%
1
-75%
Properties Sold
12
Sales Volume $3,509,000
Average Sale Price
$292,417
Properties For Sale 48
Average Days on Market
47
Months Supply of Inventory 4
Average List Price
$375,800
$384,795
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Shadow Hills
Oct 2014
Oct 2015
%Change
Median Price $555,000
$664,500
20%
4
33%
$2,668,000
63%
$667,000
22%
16
-6%
52
-55%
4
-33%
$1,366,600
-17%
Properties Sold
3
Sales Volume $1,640,000
Average Sale Price
$546,667
Properties For Sale 17
Average Days on Market
115
Months Supply of Inventory 6
Average List Price
$1,637,500
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
Oct 2014
Oct 2015
%Change
Median Price $745,000
$775,000
4%
88
2%
$81,644,745
22%
$927,781
19%
269
-11%
53
4%
3
-25%
$1,152,345
24%
Properties Sold
86
Sales Volume $66,821,174
Average Sale Price
$776,990
Properties For Sale 302
Average Days on Market
51
Months Supply of Inventory 4
Average List Price
$928,805
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Oct 2014
Oct 2015
%Change
Median Price $960,000
$896,250
-7%
36
-31%
$39,667,669
-33%
$1,101,880
-4%
186
14%
47
-28%
5
67%
$1,218,628
5%
Properties Sold
52
Sales Volume $59,522,573
Average Sale Price
$1,144,665
Properties For Sale 163
Average Days on Market
65
Months Supply of Inventory 3
Average List Price
$1,164,088
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
Oct 2014
Oct 2015
%Change
Median Price $365,000
$405,000
11%
31
35%
$12,102,625
33%
$390,407
-1%
56
-31%
58
2%
2
-50%
$493,039
14%
Properties Sold
23
Sales Volume $9,109,500
Average Sale Price
$396,065
Properties For Sale 81
Average Days on Market
57
Months Supply of Inventory 4
Average List Price
$433,393
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
Oct 2014
Oct 2015
%Change
Median Price $370,000
$392,500
6%
64
31%
$23,128,899
27%
$361,389
-3%
152
-21%
5
-91%
2
-50%
$412,613
10%
Properties Sold
49
Sales Volume $18,163,000
Average Sale Price
$370,673
Properties For Sale 193
Average Days on Market
54
Months Supply of Inventory 4
Average List Price
$373,830
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Oct 2014
Oct 2015
%Change
Median Price $430,000
$612,050
42%
42
-2%
$31,772,199
7%
$756,481
10%
145
-22%
67
-11%
3
-25%
$1,078,932
32%
Properties Sold
43
Sales Volume $29,558,000
Average Sale Price
$687,395
Properties For Sale 187
Average Days on Market
75
Months Supply of Inventory 4
Average List Price
$819,290
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Oct 2014
Oct 2015
%Change
Median Price $630,000
$800,000
27%
10
-9%
$8,566,500
-11%
$856,650
-2%
$38
-31%
38
-21%
4
-20%
$1,255,500
54%
Properties Sold
11
Sales Volume $9,640,000
Average Sale Price
$876,364
Properties For Sale 55
Average Days on Market
48
Months Supply of Inventory 5
Average List Price
$813,929
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
Oct 2014
Oct 2015
%Change
Median Price $518,750
$582,500
12%
69
-5%
$16,403,000
60%
$630,885
23%
69
-5%
60
-18%
3
-25%
Properties Sold
73
Sales Volume $10,263,500
Average Sale Price
$513,175
Properties For Sale 73
Average Days on Market
73
Months Supply of Inventory 4
Average List Price
$603,522
$619,503
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
3%
Valley Village
Oct 2014
Oct 2015
%Change
Median Price $655,000
$825,000
26%
15
-12%
$11,020,950
-9%
$734,730
3%
Properties Sold
17
Sales Volume $12,074,000
Average Sale Price
$710,235
Properties For Sale 65
Average Days on Market
60
Months Supply of Inventory 4
Average List Price
$808,019
38
-42%
67
12%
3
-25%
$746,186
-8%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Oct 2014
Oct 2015
%Change
Median Price $407,000
$450,000
11%
29
-15%
$12,394,622
-12%
Properties Sold
34
Sales Volume $14,024,969
Average Sale Price
$412,499
Properties For Sale 141
Average Days on Market
58
Months Supply of Inventory 4
Average List Price
$408,560
$427,401 102
-28%
50
-14%
4
0%
$493,945
21%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
4%
West Hills
Oct 2014
Oct 2015
%Change
Median Price $540,000
$555,000
3%
41
-2%
$26,356,388
3%
$642,839
6%
Properties Sold
42
Sales Volume $25,591,125
Average Sale Price
$609,313
Properties For Sale 162
Average Days on Market
59
Months Supply of Inventory 4
Average List Price
$618,188
117
-28%
60
2%
3
-25%
$670,549
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Winnetka
Oct 2014
Oct 2015
%Change
Median Price $427,500
$459,500
7%
28
-7%
$12,294,200
2%
$439,079
9%
Properties Sold
30
Sales Volume $12,103,400
Average Sale Price
$403,447
Properties For Sale 118
Average Days on Market
52
Months Supply of Inventory 4
Average List Price
$397,916
78
-34%
75
44%
3
-25%
$427,728
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Woodland Hills
Oct 2014
Oct 2015
%Change
Median Price $638,000
$650,000
2%
74
-3%
$49,332,947
1%
$666,661
4%
Properties Sold
76
Sales Volume $48,610,270
Average Sale Price
$639,609
Properties For Sale 320
Average Days on Market
57
Months Supply of Inventory 4
Average List Price
$749,023
246
-23%
57
0%
3
-25%
$770,169
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
3%
RODEO REALTY MARKETING DEPARTMENT