Martha Alonso Market Intelligence Report SAN FERNANDO VALLEY

SAN FERNANDO VALLEY Martha “Mimi” Alonso

REALTOR®, ABR., CCS., FTBS., SRES. Top Producer RE/MAX 100% Club “Beside the Sea Beyond the Ordinary”

Direct: 310.901.8670 marthasellsRE@gmail.com www.MarthaAlonso.com DRE# 01313095

Market MarketIntelligence IntelligenceReport Report Volume Volume88| January | January 2022 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 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 or is 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 all 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

JANUARY 20 22 JANUARY

2022 JANUARY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

87

37

$967K

12

$584

43%

71

55

$987K

14

$515

77%

+23%

-33%

-2%

-14%

+13%

-45%

13-MONTH TRENDS $1,225,000 $1,130,000 $987,000

$1,237,450

$1,111,000

$1,200,000

$1,229,500

$1,275,000

$1,010,000

$1,274,475

$967,000

$959,500 $862,000

147 71

55

49

Jan-21

Feb-21

134

127

115 67

Mar-21

88

Apr-21

138

131 69

May-21

81

Jun-21

134 76

Jul-21

119

107

61

68

Aug-21

Sep-21

98 65

56

Oct-21

Nov-21

75

87 48

Dec-21

37

Jan-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 as well as 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

JANUARY 20 22 JANUARY

2022 JANUARY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

82

53

$1.35M

20

$718

65%

79

71

$1.30M

17

$635

90%

+4%

-25%

+4%

+18%

+13%

-28%

13-MONTH TRENDS $1,300,000

$1,285,000

$1,380,000

$1,432,500

$1,410,500 $1,275,000 $1,165,000

$1,130,000

$1,265,000

$1,320,000

$1,350,000

$1,182,000

$987,500

142 79

132

71

70

Jan-21

Feb-21

116

152

127 83

Mar-21

Apr-21

91

May-21

166

150

143 102

Jun-21

127 96

Jul-21

90

Aug-21

105

Sep-21

122

120 77

80

Oct-21

Nov-21

81

75

Dec-21

82

53

Jan-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 as well as 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 have been 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

JANUARY 20 22 JANUARY

2022 JANUARY

2021 PERCENT CHANGE

TOTAL INVENTORY

TOTAL SALES

MEDIAN SALES PRICE

MEDIAN DAYS ON MARKET

MEDIAN PRICE PER SQUARE FOOT

SALES RATIO

54

24

$1.10M

20

$642

44%

71

58

$1.38M

28

$632

82%

-24%

-59%

-21%

-29%

+2%

-46%

13-MONTH TRENDS $1,757,500 $1,462,500

$1,383,000

$1,725,000

$1,507,500

$1,630,000

$1,512,500

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

$1,332,500 $1,200,000

$1,128,500

123 71

58

Jan-21

123

107 38

Feb-21

67

Mar-21

112 66

Apr-21

104 64

May-21

109

98 66

Jun-21

99

$1,095,000

97

50

44

50

44

Jul-21

Aug-21

Sep-21

Oct-21

65

40

Nov-21

44

45

Dec-21

54 24

Jan-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

600+ Local Agents | 12 Offices Luxury Residential | Commercial Investment Division | International DRE: #01879720