Local Market Report September 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
Sept 2014
Sept 2015
%Change
Median Price $367,500
$401,000
9%
19
19%
$7,314,300
30%
$384,963
9%
Properties Sold
16
Sales Volume $5,627,650
Average Sale Price
$351,728
Properties For Sale 62
Average Days on Market
67
Months Supply of Inventory 4
Average List Price
$360,372
27
-56%
57
-15%
1
-75%
$406,914
13%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
Sept 2014
Median Price $805,000
Sept 2015
%Change
$1,280,000
59%
1
-67%
$1,280,000
-55%
$1,280,000
34%
23
-34%
41
42
2%
Months Supply of Inventory 12
23
92%
$1,477,983
-8%
Properties Sold
3
Sales Volume $2,871,000
Average Sale Price
$957,000
Properties For Sale 35
Average Days on Market
Average List Price
$1,602,857
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
Sept 2014
Sept 2015
%Change
Median Price $627,500
$653,000
4%
77
35%
$51,949,900
29%
$674,674
-5%
182
-5%
55
4%
2
-33%
Properties Sold
57
Sales Volume $40,420,698
Average Sale Price
$709,135
Properties For Sale 192
Average Days on Market
53
Months Supply of Inventory 3
Average List Price
$681,668
$729,583
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Calabasas
Sept 2014
Median Price $1,275,000
Properties Sold
24
Sales Volume $37,727,000
Average Sale Price
$1,571,958
Properties For Sale 134
Average Days on Market
87
Months Supply of Inventory 6
Average List Price
$1,542,309
Sept 2015 $1,162,500
-9%
37
54%
$50,748,468
35%
$1,371,580
-13%
157
17%
76
-13%
4
-33%
$1,733,159
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Chatsworth
Sept 2014
Sept 2015
%Change
Median Price $484,495
$490,000
1%
Properties Sold
44
Sales Volume $24,655,390
Average Sale Price
$560,350
Properties For Sale 148
Average Days on Market
62
Months Supply of Inventory 3
Average List Price
$602,640
33
-25%
$17,683,750
-28%
$535,871
-4%
106
-28%
79
27%
3
0%
$625,397
4%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Sept 2014
Sept 2015
%Change
Median Price $677,500
$715,000
6%
56
17%
$48,973,939
19%
$874,535
2%
Properties Sold
48
Sales Volume $41,114,250
Average Sale Price
$856,547
Properties For Sale 249
Average Days on Market
68
Months Supply of Inventory 5
Average List Price
$1,140,599
208
-16%
58
-15%
4
-20%
$1,001,758
-12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Sept 2014
Sept 2015
%Change
Median Price $534,675
$562,500
5%
50
0%
$27,651,350
1%
$553,027
1%
Properties Sold
50
Sales Volume $27,298,700
Average Sale Price
$545,974
Properties For Sale 160
Average Days on Market
52
Months Supply of Inventory 3
Average List Price
$582,808
118
-26%
51
-2%
2
-33%
$647,222
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Sept 2014
Median Price $1,725,000
Properties Sold
1
Sales Volume $1,725,000
Average Sale Price
$1,725,000
Properties For Sale 37
Average Days on Market
N/A
Months Supply of Inventory 37
Average List Price
$3,801,333
Sept 2015 $0
-100%
0
-100%
$0
-100%
$0
-100%
34
-8%
N/A 0
-100%
$10,799,000
184%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Lake Balboa
Sept 2014
Sept 2015
%Change
Median Price $455,000
$455,500
0%
Properties Sold
15
Sales Volume $6,627,000
Average Sale Price
$441,800
Properties For Sale 78
Average Days on Market
57
Months Supply of Inventory 5
Average List Price
$470,750
34
127%
$15,832,250
139%
$465,654 62
-21%
47
-18%
2
-60%
$499,461
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
5%
6%
Mission Hills
Sept 2014
Sept 2015
%Change
Median Price $389,000
$438,150
13%
18
64%
$7,931,300
106%
$440,628
26%
34
17%
$56
-29%
2
-33%
$437,792
12%
Properties Sold
11
Sales Volume $3,858,000
Average Sale Price
$350,727
Properties For Sale 29
Average Days on Market
79
Months Supply of Inventory 3
Average List Price
$392,141
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
Sept 2014
Sept 2015
%Change
Median Price $370,000
$435,000
18%
29
0%
$11,424,000
6%
$393,931
6%
Properties Sold
29
Sales Volume $10,751,100
Average Sale Price
$370,728
Properties For Sale 113
Average Days on Market
51
Months Supply of Inventory 4
Average List Price
$363,142
80
-29%
55
8%
3
-25%
$429,011
18%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
Sept 2014
Sept 2015
%Change
Median Price $451,250
$470,000
4%
Properties Sold
56
Sales Volume $25,417,100
Average Sale Price
$453,877
Properties For Sale 169
Average Days on Market
53
Months Supply of Inventory 3
Average List Price
$431,685
44
-21%
$20,528,800
-19%
$466,564 142
-16%
35
-34%
3
0%
$537,750
25%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
3%
Northridge
Sept 2014
Sept 2015
%Change
Median Price $518,000
$626,500
21%
102
23%
$63,881,036
43%
$626,285
17%
261
1%
53
-21%
3
0%
$714,782
12%
Properties Sold
83
Sales Volume $44,532,199
Average Sale Price
$536,533
Properties For Sale 259
Average Days on Market
67
Months Supply of Inventory 3
Average List Price
$641,011
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Sept 2014
Sept 2015
%Change
Median Price $338,000
$370,000
9%
31
-9%
$10,860,900
-2%
$350,352
8%
Properties Sold
34
Sales Volume $11,063,889
Average Sale Price
$325,409
Properties For Sale 79
Average Days on Market
43
Months Supply of Inventory 2
Average List Price
$308,817
$52
-34%
$56
30%
2
0%
$329,083
7%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Sept 2014
Sept 2015
%Change
Median Price $396,250
$431,000
9%
49
29%
$20,484,750
40%
$418,056
9%
Properties Sold
38
Sales Volume $14,590,500
Average Sale Price
$383,961
Properties For Sale 159
Average Days on Market
51
Months Supply of Inventory 4
Average List Price
$384,619
116
-27%
46
-10%
2
-50%
$417,161
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
San Fernando
Sept 2014
Sept 2015
%Change
Median Price $335,000
$391,000
17%
16
23%
$5,748,000
34%
$359,250
9%
41
-7%
56
-11%
3
0%
$356,903
13%
Properties Sold
13
Sales Volume $4,289,900
Average Sale Price
$329,992
Properties For Sale 44
Average Days on Market
63
Months Supply of Inventory 3
Average List Price
$315,921
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
Sept 2014
Sept 2015
%Change
Median Price $585,000
$644,078
10%
6
100%
$3,726,655
80%
$621,109
-10%
18
-14%
122
22%
3
-57%
$638,319
-14%
Properties Sold
3
Sales Volume $2,075,000
Average Sale Price
$691,667
Properties For Sale 21
Average Days on Market
100
Months Supply of Inventory 7
Average List Price
$739,558
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
Sept 2014
Sept 2015
%Change
Median Price $700,000
$637,500
-9%
94
1%
$75,070,670
-3%
$798,624
-4%
257
-18%
$53
-15%
Properties Sold
93
Sales Volume $77,275,160
Average Sale Price
$830,916
Properties For Sale 313
Average Days on Market
62
Months Supply of Inventory 3
Average List Price
$920,561
3
0%
$1,092,187
19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Sept 2014
Median Price $900,000
Properties Sold
33
Sales Volume $40,352,000
Average Sale Price
$1,222,788
Properties For Sale 172
Average Days on Market
68
Months Supply of Inventory 5
Average List Price
$1,069,714
Sept 2015 $1,020,000
13%
51
55%
$61,067,400
51%
$1,197,400
-2%
175
2%
58
-15%
3
-40%
$1,461,806
37%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Sun Valley
Sept 2014
Sept 2015
%Change
Median Price $375,750
$472,000
26%
18
29%
$8,437,500
56%
$468,750
22%
58
-28%
57
0%
3
-50%
$405,377
-12%
Properties Sold
14
Sales Volume $5,392,000
Average Sale Price
$385,143
Properties For Sale 81
Average Days on Market
57
Months Supply of Inventory 6
Average List Price
$460,814
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
Sept 2014
Sept 2015
%Change
Median Price $380,000
$405,000
7%
61
15%
$24,291,488
23%
$398,221
7%
174
-2%
50
-6%
3
0%
$415,385
8%
Properties Sold
53
Sales Volume $19,682,900
Average Sale Price
$371,375
Properties For Sale 178
Average Days on Market
53
Months Supply of Inventory 3
Average List Price
$385,009
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Sept 2014
Sept 2015
%Change
Median Price $575,000
$550,000
-4%
44
52%
$32,884,799
52%
$747,382
0%
Properties Sold
29
Sales Volume $21,666,850
Average Sale Price
$747,133
Properties For Sale 185
Average Days on Market
61
Months Supply of Inventory 6
Average List Price
$899,021
165
-11%
71
16%
4
-33%
$848,503
-6%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Sept 2014
Sept 2015
%Change
Median Price $705,000
$635,500
-10%
Properties Sold
13
Sales Volume $10,088,480
Average Sale Price
$776,037
Properties For Sale 48
Average Days on Market
97
Months Supply of Inventory 4
Average List Price
$1,027,582
14
8%
$9,540,995
-5%
$681,500
-12%
$36
-25%
62
-36%
3
-25%
$1,425,360
39%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
Sept 2014
Sept 2015
%Change
Median Price $617,000
$608,000
-1%
22
10%
$12,791,450
11%
$581,430
1%
77
17%
46
-10%
4
33%
$683,033
25%
Properties Sold
20
Sales Volume $11,521,500
Average Sale Price
$576,075
Properties For Sale 66
Average Days on Market
51
Months Supply of Inventory 3
Average List Price
$547,300
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
Sept 2014
Sept 2015
%Change
Median Price $747,000
$550,000
-26%
17
31%
$9,952,500
-6%
$585,441
-28%
48
-26%
42
-21%
3
-40%
$831,667
16%
Properties Sold
13
Sales Volume $10,577,400
Average Sale Price
$813,646
Properties For Sale 65
Average Days on Market
53
Months Supply of Inventory 5
Average List Price
$718,638
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Sept 2014
Sept 2015
%Change
Median Price $375,000
$403,500
8%
40
11%
$16,201,650
25%
$405,041
13%
106
-24%
57
-5%
3
-25%
$454,388
17%
Properties Sold
36
Sales Volume $12,917,166
Average Sale Price
$358,810
Properties For Sale 139
Average Days on Market
60
Months Supply of Inventory 4
Average List Price
$389,918
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
Sept 2014
Sept 2015
%Change
Median Price $530,000
$560,000
6%
41
32%
$23,678,750
31%
$577,530
-1%
123
-22%
58
-29%
3
-40%
$679,741
12%
Properties Sold
31
Sales Volume $18,017,000
Average Sale Price
$581,194
Properties For Sale 158
Average Days on Market
82
Months Supply of Inventory 5
Average List Price
$605,422
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Sept 2014
Sept 2015
%Change
Median Price $417,500
$480,000
15%
39
77%
$18,467,800
97%
$473,533
11%
78
-32%
48
-24%
2
-60%
Properties Sold
22
Sales Volume $9,395,400
Average Sale Price
$427,064
Properties For Sale 115
Average Days on Market
63
Months Supply of Inventory 5
Average List Price
$430,593
$432,901
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
1%
Woodland Hills
Sept 2014
Sept 2015
%Change
Median Price $693,500
$680,500
-2%
96
60%
$66,376,574
52%
$691,423
-5%
250
-22%
53
-17%
3
-40%
$908,377
20%
Properties Sold
60
Sales Volume $43,594,300
Average Sale Price
$726,572
Properties For Sale 319
Average Days on Market
64
Months Supply of Inventory 5
Average List Price
$755,186
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT