RE/MAX Estate Properties - San Fernando Valley

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SAN FERNANDO VALLEY Market Intelligence Report Volume 8 | September 2022


SAN FERNANDO VALLEY MARKETS Encino

4

Sherman Oaks

6

Studio City

8


REAL ESTATE KEY TERMS MEDIAN PRICE: The price of the property that falls in the middle of the total number of properties sold in the given time period.

PRICE PER SQUARE FOOT: Measures the home’s sales price for an individual square foot.

PROPERTIES FOR SALE: The total number of available properties for sale.

DAYS ON MARKET (CLOSED SALES): The number of days a property is on the market prior to accepting an offer.

SALES RATIO: Defines market speed and determines whether the market currently favors buyers or sellers. A Buyer’s market is a ratio from 0% to 14%; A Balanced market ratio is from 15 to 20%; A Seller’s market ratio starts at 21% and up. If the sales ratio exceeds 100%, it means that the sales from the previous month exceed current inventory.

The San Fernando Valley Intelligence Report is published monthly based on the data available at the start of each month. All data presented is based on data supplied by CRMLS. Neither the Associations of REALTORS® nor their MLS’s guarantees are in any way responsible for its accuracy. Information is deemed reliable, but not guaranteed. Copyright © 2022.


ENCINO Located in the central portion of southern San Fernando Valley and on the north slope of the Santa Monica Mountains, Encino is a beautiful and affluent family-friendly neighborhood with impressive architecture and green spaces. With the expansive Sepulveda Basin recreation area, Encino Reservoir, Skirball Cultural Center, and Ventura Blvd nearby, there is no shortage of avenues to revitalize the senses. Santa Monica Pier is just over a 20-minute drive, and travelers can take advantage of both the Burbank Airport and LAX. Local employment opportunities exist in health care, social, and professional services, and the commute to downtown Los Angeles is approximately 40 minutes.

ATTRACTIONS •

Velodrome Racing Track

Los Encinos Historic Park

Lake Balboa

RESTAURANTS •

Sepulveda Basin Recreation Area Ventura Boulevard

Versailles

The Stand

The Nook

Scratch Bar & Kitchen

Claudine Artisan Kitchen

Tel Aviv Grill


MARKET SUMMARY

AUGUST 2022 AUGUST

2022 AUGUST

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

174

54

$1.52M

18

$650

31%

134

61

$1.20M

14

$650

46%

+30%

-11%

+26%

+29%

0%

-32%

13-MONTH TRENDS $1,516,885

$1,514,500

$1,200,000

$1,229,500

$1,275,000

$1,350,000

$1,274,475

$1,207,500

$1,362,500

$1,307,500

$1,211,250

$967,000

$959,500

134

119

107

61

68

Aug-21

Sep-21

65

Oct-21

98 56

Nov-21

75

87 48

Dec-21

90

86 37

Jan-22

174

173

156 119

111

50

62

59

62

Feb-22

Mar-22

Apr-22

May-22

56

Jun-22

48

Jul-22

54

Aug-22


SHERMAN OAKS Sherman Oaks offers the best of both worlds – a quiet and peaceful neighborhood setting with city comforts such as easy access to the 101 and 5 freeways and high end shopping and dining. Located in the Southern San Fernando Valley, Sherman Oaks is a centralized hub with a multitude of amenities within and nearby. The neighborhood includes a portion of The Santa Monica Mountains, which offers a lower population density than other greater Los Angeles neighborhoods. Housing includes a mix of residences, from classic single-story homes to multi-story modern architectural marvels and condos.

ATTRACTIONS

RESTAURANTS

Sherman Oaks Galleria

Tuesday Farmer's Market

Anejo Cantina and Grill

Spumoni Restaurant

Fashion Square Mall

On the Thirty

Pearl District

Sherman Oaks Park

Tunnel Bar, The One Up, The Local Peasant

The Sherman

Panzanella Ristorante


MARKET SUMMARY

AUGUST 2022 AUGUST

2022 AUGUST

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

158

63

$1.38M

13

$635

40%

166

90

$1.28M

9

$648

54%

-5%

-30%

+8%

+44%

-2%

-26%

13-MONTH TRENDS $1,582,500 $1,410,500 $1,275,000

$1,265,000

$1,320,000

$1,350,000

$1,440,000

$1,182,000

90

Aug-21

105

Sep-21

122

120

77

Oct-21

80

Nov-21

81

75

Dec-21

82

Jan-22

117

110

95

53

$1,480,000

$1,471,500

$1,375,000

$1,232,500

166 127

$1,485,000

56

65

Feb-22

Mar-22

102

Apr-22

160

158

135 80

May-22

83

Jun-22

158

70

Jul-22

63

Aug-22


STUDIO CITY Just over the hill from the Hollywood hustle, Studio City offers tree-lined streets that effortlessly blend quaint and trendy. Residents include celebrities who enjoy privacy, affluent entertainment professionals, and suburban families. Local real estate offerings include luxurious hillside estates and mid-century architectural gems. Residents have access to scenic outdoor, sporting, and fine dining and shopping activities, as well as one of LA's finest theme parks, Universal Studios. Studio City is also famously the home of CBS Studios, where many popular television shows are filmed.

ATTRACTIONS

RESTAURANTS •

Universal Studios

Studio City Farmer's Market •

Decor Art Galleries

Weddington Golf & Tennis

Mistral

The Six Chow House

Mulholland Scenic Overlook

Firefly Lounge

Granville

Coldwater Canyon Park

Sushi Katsu-Ya

Lala's Argentine Grill


MARKET SUMMARY

AUGUST 2022 AUGUST

2022 AUGUST

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

106

36

$1.65M

13

$872

34%

109

44

$1.63M

12

$750

40%

-3%

-18%

+1%

+8%

+16%

-16%

13-MONTH TRENDS $1,913,000 $1,700,000

$1,630,000 $1,512,500

$1,200,000

99

$1,450,000

$1,424,312 $1,095,000

97

44

50

Aug-21

Sep-21

44

Oct-21

$1,652,500

$1,575,000

$1,562,500 $1,400,000

109

$1,900,000

65

40

Nov-21

44

45

Dec-21

71

66

54 24 Jan-22

84

31

Feb-22

112

98

97

45

38

32

Mar-22

Apr-22

May-22

52

Jun-22

106

31

Jul-22

36

Aug-22



BEVERLY HILLS

WE ARE THE COAST BEVERLY HILLS 9454 Wilshire Blvd., Suite 600 Beverly Hills, CA 90212 310.205.0050

PALOS VERDES - MIRALESTE 5 Miraleste Plaza Rancho Palos Verdes, CA 90275 310.831.0222

EL SEGUNDO 402 Main Street El Segundo, CA 90245 310.322.1425

REDONDO BEACH 1901 S. Catalina Avenue Redondo Beach, CA 90277 310.378.7747

PALOS VERDES - MALAGA COVE 63 Malaga Cove Plaza Palos Verdes Estates, CA 90274 310.378.9494

PALOS VERDES - SILVER SPUR 450 Silver Spur Road Rancho Palos Verdes, CA 90275 310.544.9999

MANHATTAN BEACH 1040 Manhattan Beach Blvd. Manhattan Beach, CA 90266 310.376.2225

TORRANCE 23740 Hawthorne Blvd. Torrance, CA 90505 310.378.9889

MANHATTAN BEACH/DOWNTOWN 1401 Highland Avenue Manhattan Beach, CA 90266 310.937.5700

WEST LOS ANGELES 10500 W. Pico Blvd. Los Angeles, CA 90064 310.559.5570

MARINA DEL REY/VENICE 124 Washington Blvd. Marina Del Rey, CA 90292 310.577.5300

WESTCHESTER/SILICON BEACH 7131 W. Manchester Avenue Los Angeles, CA 90045 310.802.6000

WEST LOS ANGELES

MARINA DEL REY/VENICE WESTCHESTER/SILICON BEACH

EL SEGUNDO

MANHATTAN BEACH MANHATTAN BEACH/DOWNTOWN REDONDO BEACH TORRANCE PALOS VERDES - MALAGA COVE PALOS VERDES - SILVER SPUR PALOS VERDES - MIRALESTE


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