Local Market Report September 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 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
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19
Arleta
Sept 2015
Sept 2016
%Change
Median Price $400,500
$430,000
7%
21
5%
$7,888,999
5%
$375,667
0%
Properties Sold
20
Sales Volume $7,530,200
Average Sale Price
$376,510
Properties For Sale 46
Average Days on Market
55
Months Supply of Inventory 2
Average List Price
$403,914
38
-17%
22
-60%
2
0%
$399,066
-1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
Sept 2015
Median Price $642,250
Sept 2016
%Change
$1,639,000
155%
3
50%
$3,709,000
189%
$1,236,333
93%
49
14%
47
80
70%
Months Supply of Inventory 22
16
-27%
$1,061,022
-5%
Properties Sold
2
Sales Volume $1,284,500
Average Sale Price
$642,250
Properties For Sale 43
Average Days on Market
Average List Price
$1,115,737
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
Sept 2015
Sept 2016
%Change
Median Price $519,000
$620,000
19%
123
10%
$108,673,260
94%
$883,522
77%
543
-1%
43
-10%
4
-20%
$625,889
12%
Properties Sold
112
Sales Volume $55,881,701
Average Sale Price
$498,944
Properties For Sale 547
Average Days on Market
48
Months Supply of Inventory 5
Average List Price
$558,263
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
Sept 2015
Sept 2016
%Change
Median Price $519,000
$620,000
19%
123
10%
$108,673,260
94%
$883,522
77%
543
-1%
43
-10%
4
-20%
$625,889
12%
Properties Sold
112
Sales Volume $55,881,701
Average Sale Price
$498,944
Properties For Sale 547
Average Days on Market
48
Months Supply of Inventory 5
Average List Price
$558,263
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
Sept 2015
Sept 2016
%Change
Median Price $427,000
$492,500
15%
47
25%
$24,475,024
6%
$520,745
6%
255
-6%
65
-21%
5
-29%
$671,880
38%
Properties Sold
41
Sales Volume $19,627,100
Average Sale Price
$490,678
Properties For Sale 272
Average Days on Market
82
Months Supply of Inventory 7
Average List Price
$488,144
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Sept 2015
Sept 2016
%Change
Median Price $427,000
$492,500
15%
47
15%
$24,475,024
25%
$520,745
6%
255
-6%
65
-21%
5
-29%
$671,880
38%
Properties Sold
41
Sales Volume $19,627,100
Average Sale Price
$490,678
Properties For Sale 272
Average Days on Market
82
Months Supply of Inventory 7
Average List Price
$488,144
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Sept 2015
Sept 2016
%Change
Median Price $559,000
$530,900
-5%
61
11%
$33,285,630
20%
$545,666
8%
239
3%
39
-19%
4
0%
$543,400
7%
Properties Sold
55
Sales Volume $27,666,500
Average Sale Price
$503,027
Properties For Sale 232
Average Days on Market
48
Months Supply of Inventory 4
Average List Price
$508,544
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Sept 2015
Median Price $8,850
Properties Sold
2
Sales Volume $17,700
Average Sale Price
$8,850
Properties For Sale 60
Average Days on Market
47
Months Supply of Inventory 30
Average List Price
$7,853,506
Sept 2016 $2,775,000 3
31256% 50%
$16,645,000
93940%
$5,548,333
62593%
53
-12%
101
115%
18
-40%
$6,455,600
-18%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Lake Balboa
Sept 2015
Sept 2016
%Change
Median Price $442,000
$522,500
18%
36
-5%
$17,357,864
10%
$482,163
16%
115
1%
40
-9%
3
0%
$491,885
14%
Properties Sold
38
Sales Volume $15,841,775
Average Sale Price
$416,889
Properties For Sale 114
Average Days on Market
44
Months Supply of Inventory 3
Average List Price
$432,904
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
Sept 2015
Sept 2016
%Change
Median Price $452,500
$432,500
1%
Properties Sold
20
Sales Volume $8,073,799
Average Sale Price
$403,690
Properties For Sale 51
Average Days on Market
53
Months Supply of Inventory 3
Average List Price
$360,599
12
-40%
$4,779,800
-41%
$398,317
-1%
48
-6%
47
-11%
4
33%
$439,107
22%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
Sept 2015
Sept 2016
%Change
Median Price $395,000
$450,000
14%
38
9%
$16,552,838
41%
$435,601
30%
155
-12%
51
4%
4
-20%
$440,321
10%
Properties Sold
35
Sales Volume $11,738,250
Average Sale Price
$335,379
Properties For Sale 176
Average Days on Market
49
Months Supply of Inventory 5
Average List Price
$400,041
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
Sept 2015
Sept 2016
%Change
Median Price $440,750
$482,000
9%
65
2%
$36,064,850
20%
$554,844
19%
651
-6%
63
42
-33%
Months Supply of Inventory 11
10
-9%
$579,805
17%
Properties Sold
64
Sales Volume $29,931,893
Average Sale Price
$467,686
Properties For Sale 691
Average Days on Market
Average List Price
$494,699
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Sept 2015
Sept 2016
%Change
Median Price $555,000
$525,000
-5%
149
23%
$72,426,867
17%
$486,086
-5%
565
-1%
53
13%
4
-20%
$555,709
-4%
Properties Sold
121
Sales Volume $61,695,816
Average Sale Price
$509,883
Properties For Sale 569
Average Days on Market
47
Months Supply of Inventory 5
Average List Price
$576,209
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Sept 2015
Sept 2016
%Change
Median Price $357,000
$402,500
13%
18
-44%
$6,727,400
-38%
$373,744
10%
91
-13%
37
-34%
5
67%
$372,066
0%
Properties Sold
32
Sales Volume $10,845,895
Average Sale Price
$338,934
Properties For Sale 104
Average Days on Market
56
Months Supply of Inventory 3
Average List Price
$373,703
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Sept 2015
Sept 2016
%Change
Median Price $424,000
$430,000
1%
53
0%
$20,952,390
4%
$395,328
4%
Properties Sold
53
Sales Volume $20,216,450
Average Sale Price
$381,442
Properties For Sale 257
Average Days on Market
44
Months Supply of Inventory 5
Average List Price
$419,012
216
-16%
41
-7%
4
-20%
$360,437
-14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
Sept 2015
Sept 2016
%Change
Median Price $387,000
$415,000
7%
17
13%
$6,932,700
30%
$407,806
15%
89
-2%
52
-4%
5
-17%
$394,309
-11%
Properties Sold
15
Sales Volume $5,333,000
Average Sale Price
$355,533
Properties For Sale 91
Average Days on Market
54
Months Supply of Inventory 6
Average List Price
$442,870
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
Sept 2015
Sept 2016
%Change
Median Price $350,000
$409,000
17%
17
13%
$6,932,700
30%
$407,806
15%
89
-2%
52
-4%
5
-17%
$394,309
-11%
Properties Sold
15
Sales Volume $5,333,000
Average Sale Price
$355,533
Properties For Sale 19
Average Days on Market
54
Months Supply of Inventory 6
Average List Price
$442,870
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
Sept 2015 Median Price $579,900
Sept 2016
%Change
$742,000
28%
Properties Sold 114 Sales Volume $77,587,055
117
3%
$109,699,690
41%
$937,604
37%
1377
3%
48
53
10%
Months Supply of Inventory 12
12
0%
$984,846
27%
Average Sale Price
$686,611
Properties For Sale 1331
Average Days on Market
Average List Price
$775,879
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Sept 2015
Sept 2016
%Change
Median Price $635,000
$607,500
-4%
72
1%
$65,823,150
8%
$914,210
6%
882
2%
50
52
4%
Months Supply of Inventory 12
12
0%
$1,011,242
-6%
Properties Sold
71
Sales Volume $61,166,410
Average Sale Price
$861,499
Properties For Sale 863
Average Days on Market
Average List Price
$1,078,366
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
Sept 2015
Sept 2016
%Change
Median Price $465,000
$490,000
5%
Properties Sold
19
Sales Volume $8,824,000
Average Sale Price
$464,421
Properties For Sale 136
Average Days on Market
51
Months Supply of Inventory 7
Average List Price
$357,395
15
-21%
$7,567,000
-14%
$504,467
9%
124
-9%
46
-10%
8
14%
$484,588
36%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
Sept 2015
Sept 2016
%Change
Median Price $405,000
$440,000
9%
70
15%
$29,761,388
24%
$425,163
8%
Properties Sold
61
Sales Volume $24,039,338
Average Sale Price
$394,088
Properties For Sale 287
Average Days on Market
49
Months Supply of Inventory 5
Average List Price
$381,018
254
-11%
40
-18%
4
-20%
$415,768
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Tarzana
Sept 2015
Sept 2016
%Change
Median Price $486,000
$425,000
-13%
78
50%
$45,672,550
36%
$585,546
-9%
400
-6%
60
-9%
5
-38%
$719,487
12%
Properties Sold
52
Sales Volume $33,599,449
Average Sale Price
$646,143
Properties For Sale 424
Average Days on Market
66
Months Supply of Inventory 8
Average List Price
$641,845
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Sept 2015
Sept 2016
%Change
Median Price $590,000
$495,750
-13%
18
50%
$7,677,245
36%
$426,514
-9%
168
-6%
45
-9%
9
-38%
$739,401
12%
Properties Sold
17
Sales Volume $10,184,820
Average Sale Price
$599,107
Properties For Sale 159
Average Days on Market
57
Months Supply of Inventory 9
Average List Price
$794,809
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
Sept 2015
Sept 2016
%Change
Median Price $605,000
$623,000
3%
Properties Sold
21
Sales Volume $11,278,650
Average Sale Price
$537,079
Properties For Sale 94
Average Days on Market
45
Months Supply of Inventory 4
Average List Price
$605,216
17
-19%
$9,180,650
-19%
$540,038 69
-27%
52
16%
4
0%
$656,456
2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
1%
Valley Village
Sept 2015
Sept 2016
%Change
Median Price $455,000
$815,250
24%
30
-21%
$25,860,917
-20%
Properties Sold
23
Sales Volume $9,328,195
Average Sale Price
$405,574
Properties For Sale 256
Average Days on Market
34
Months Supply of Inventory 11
Average List Price
$731,798
$862,031
1%
259
65%
49
0%
9
50%
$656,456
-6%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Sept 2015
Sept 2016
%Change
Median Price $403,500
$462,500
15%
48
-11%
Properties Sold
54
Sales Volume $23,197,590
Average Sale Price
$429,585
Properties For Sale 364
Average Days on Market
65
Months Supply of Inventory 7
Average List Price
$762,605
$23,491,231
1%
$489,401
14%
359
-1%
41
-37%
7
0%
$534,295
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-30%
West Hills
Sept 2015
Sept 2016
%Change
Median Price $520,000
$552,500
6%
61
17%
$27,789,798
17%
$463,163
1%
247
-5%
50
-9%
4
-20%
$445,830
-13%
Properties Sold
52
Sales Volume $23,773,645
Average Sale Price
$457,185
Properties For Sale 260
Average Days on Market
55
Months Supply of Inventory 5
Average List Price
$511,903
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Sept 2015
Sept 2016
%Change
Median Price $520,000
$552,500
6%
Properties Sold
61
17%
Sales Volume $23,773,645
$27,789,798
17%
Average Sale Price
$463,163
1%
Properties For Sale 260
247
-5%
Average Days on Market
50
-9%
Months Supply of Inventory 5
4
-20%
Average List Price
$445,830
-13%
52
$457,185
55
$511,903
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Sept 2015
Sept 2016
%Change
Median Price $540,000
$535,000
-1%
133
4%
$65,966,668
-2%
$495,990
-5%
784
6%
47
-4%
6
-0%
$721,494
18%
Properties Sold
128
Sales Volume $67,086,384
Average Sale Price
$524,112
Properties For Sale 741
Average Days on Market
49
Months Supply of Inventory 6
Average List Price
$613,301
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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