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Local Market Report

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.

RodeoMarketReports.com


Table of Contents Arleta

3

San Fernando

17

Burbank

4

Shadow Hills

18

Calabasas

5

Sherman Oaks

19

Chatsworth

6

Studio City

20

Encino

7

Sun Valley

21

Granada Hills

8

Sylmar

22

Hidden Hills

9

Tarzana

23

Lake Balboa

10

Toluca Lake

24

Mission Hills

11

Valley Glen

25

North Hills

12

Valley Village

26

North Hollywood

13

Van Nuys

27

Northridge

14

West Hills

28

Pacoima

15

Winnetka

29

Reseda

16

Woodland Hills

30

Rodeo Realty RodeoMarketReports.com


Arleta

Dec 2011

Dec 2012

%Change

Median Price $270,000

$267,500

-1

20

-26

$5,390,797

-26

Properties Sold

27

Sales Volume $7,311,350

Average Sale Price

$270,791

Properties For Sale 80

Average Days on Market

78

Month’s Supply of Inventory 3

Average List Price

$270,336

$269,540

0

29

-64

48

-38

1.5

-51

$283,229

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com

5


Burbank

Dec 2011

Dec 2012

%Change

Median Price $484,000

$544,500

13

58

57

Properties Sold

37

Sales Volume $18,111,343

Average Sale Price

$489,496

$33,466,500

85

$577,009

18

84

-45

77

51

-34

Month’s Supply of Inventory 4.1

1.5

-65

$548,271

11

Properties For Sale 153

Average Days on Market

Average List Price

$491,948

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Calabasas

Dec 2011

Dec 2012

%Change

Median Price $790,000

$805,000

2

Properties Sold

23

Sales Volume $25,023,500

Average Sale Price

$1,087,978

Properties For Sale 126

18

-22

$19,795,940

-21

$1,099,774

1

70

-44

68

125

84

Month’s Supply of Inventory 5.5

3.9

-29

$1,658,187

-7

Average Days on Market

Average List Price

$1,786,942

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Chatsworth

Dec 2011

Dec 2012

%Change

Median Price $411,000

$441,400

7

29

21

$13,259,300

9

Properties Sold

24

Sales Volume $12,142,717

Average Sale Price

$505,947

$457,217

-10

51

-59

92

52

-43

Month’s Supply of Inventory 5.1

1.8

-66

$703,918

-30

Properties For Sale 123

Average Days on Market

Average List Price

$1,011,834

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Encino

Dec 2011

Dec 2012

%Change

Median Price $829,000

$572,500

-31

38

81

$37,598,750

71

$989,441

-5

94

-37

119

73

-39

Month’s Supply of Inventory 7.1

2.5

-65

$1,144,800

-1

Properties Sold

21

Sales Volume $21,947,775

Average Sale Price

$1,045,132

Properties For Sale 150

Average Days on Market

Average List Price

$1,154,240

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Granada Hills

Dec 2011

Dec 2012

%Change

Median Price $380,000

$425,000

12

44

-6

$18,753,222

-2

$426,210

4

Properties Sold

47

Sales Volume $19,233,649

Average Sale Price

$409,227

Properties For Sale 155

71

-54

67

51

-24

Month’s Supply of Inventory 3.3

1.6

-51

$424,526

-4

Average Days on Market

Average List Price

$440,861

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Hidden Hills

Dec 2011

Dec 2012

Median Price $1,775,000

$2,387,500

35

4

-20

$9,470,000

15

$2,367,500

43

20

-20

78

-47

5

0

Properties Sold

5

Sales Volume $8,260,000

Average Sale Price

$1,652,000

Properties For Sale 25

Average Days on Market

146

Month’s Supply of Inventory 5

Average List Price

$7,500,000

$3,981,667

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com

%Change

-47


Lake Balboa

Dec 2011

Dec 2012

%Change

Median Price $300,500

$389,000

29

12

0

$4,717,000

27

$393,083

27

25

-36

102

55

-46

Month’s Supply of Inventory 3.3

2.1

-36

$557,333

60

Properties Sold

12

Sales Volume $3,712,500

Average Sale Price

$309,375

Properties For Sale 39

Average Days on Market

Average List Price

$347,667

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Mission Hills

Dec 2011

Dec 2012

%Change

Median Price $277,500

$325,000

17

16

33

$5,075,500

47

$317,219

11

10

-81

126

24

-81

Month’s Supply of Inventory 4.4

0.6

-86

$324,688

13

Properties Sold

12

Sales Volume $3,444,900

Average Sale Price

$287,075

Properties For Sale 53

Average Days on Market

Average List Price

$286,091

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


North Hills

Dec 2011

Dec 2012

%Change

Median Price $322,000

$355,000

10

23

-8

$7,744,549

-2

$336,720

7

Properties Sold

25

Sales Volume $7,885,869

Average Sale Price

$315,435

Properties For Sale 98

Average Days on Market

96

Month’s Supply of Inventory 4

Average List Price

$348,870

39

-60

87

-9

1.7

-57

$349,358

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com

0


North Hollywood

Dec 2011

Dec 2012

%Change

Median Price $318,000

$310,000

-3

39

-24

$12,633,851

-23

Properties Sold

51

Sales Volume $16,400,340

Average Sale Price

$321,575

Properties For Sale 189

$323,945

1

92

-51

79

52

-34

Month’s Supply of Inventory 3.7

2.4

-36

$352,520

11

Average Days on Market

Average List Price

$316,565

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Northridge

Dec 2011

Dec 2012

%Change

Median Price $435,750

$495,000

14

73

14

$37,061,862

21

$507,697

6

Properties Sold

64

Sales Volume $30,693,600

Average Sale Price

$479,599

Properties For Sale 270

92

-66

83

63

-24

Month’s Supply of Inventory 4.2

1.3

-70

$499,384

-5

Average Days on Market

Average List Price

$525,804

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Pacoima

Dec 2011

Dec 2012

%Change

Median Price $235,000

$285,950

22

44

22

$11,606,994

42

$263,795

16

35

-70

60

49

-18

Month’s Supply of Inventory 3.3

0.8

-75

$263,947

19

Properties Sold

36

Sales Volume $8,182,750

Average Sale Price

$227,299

Properties For Sale 117

Average Days on Market

Average List Price

$221,208

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Reseda

Dec 2011

Dec 2012

%Change

Median Price $290,000

$310,000

7

Properties Sold

45

Sales Volume $13,832,800

Average Sale Price

$307,396

Properties For Sale 183

37

-18

$11,777,000

-15

$318,297

4

51

-72

79

72

-9

Month’s Supply of Inventory 4.1

1.4

-66

$350,061

22

Average Days on Market

Average List Price

$286,503

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


San Fernando

Dec 2011

Dec 2012

%Change

Median Price $220,000

$265,000

20

15

0

$3,995,500

17

$266,367

17

19

-67

79

40

-49

Month’s Supply of Inventory 3.8

1.3

-67

Properties Sold

15

Sales Volume $3,421,159

Average Sale Price

$228,077

Properties For Sale 57

Average Days on Market

Average List Price

$245,372

$261,546

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com

7


Shadow Hills

Dec 2011

Dec 2012

%Change

Median Price $731,250

$655,000

-10

Properties Sold

2

Sales Volume $1,462,500

Average Sale Price

$731,250

Properties For Sale 18

Average Days on Market

136

Month’s Supply of Inventory 9

Average List Price

$508,000

2

0

$1,310,000

-10

$655,000

-10

15

-17

262

93

7.5

-17

$875,000

72

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Sherman Oaks

Dec 2011

Dec 2012

%Change

Median Price $676,000

$716,750

6

48

50

$41,112,993

53

$856,521

2

Properties Sold

32

Sales Volume $26,837,800

Average Sale Price

$838,681

Properties For Sale 180

112

-38

112

71

-37

Month’s Supply of Inventory 5.6

2.3

-59

$835,440

13

Average Days on Market

Average List Price

$739,354

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Studio City

Dec 2011

Dec 2012

%Change

Median Price $766,500

$932,000

22

30

15

$41,068,000

72

$1,368,933

49

72

-33

82

55

-33

Month’s Supply of Inventory 4.1

2.4

-42

$1,565,796

58

Properties Sold

26

Sales Volume $23,815,400

Average Sale Price

$915,977

Properties For Sale 107

Average Days on Market

Average List Price

$993,435

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Sun Valley

Dec 2011

Dec 2012

%Change

Median Price $238,500

$285,000

19

23

-18

Properties Sold

28

Sales Volume $6,640,254

$7,249,900

9

$315,213

33

50

-48

75

64

-15

Month’s Supply of Inventory 3.5

2.2

-37

$329,883

12

Average Sale Price

$237,152

Properties For Sale 97

Average Days on Market

Average List Price

$293,516

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Sylmar

Dec 2011

Dec 2012

%Change

Median Price $288,750

$327,000

13

50

-19

$16,267,893

-10

$325,358

12

85

-64

71

53

-25

Month’s Supply of Inventory 3.9

1.7

-56

Properties Sold

62

Sales Volume $18,084,000

Average Sale Price

$291,677

Properties For Sale 239

Average Days on Market

Average List Price

$281,773

$300,527

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com

7


Tarzana

Dec 2011

Dec 2012

%Change

Median Price $758,500

$725,000

-4

28

40

$23,794,785

32

$849,814

-6

86

-39

82

-25

3.1

-56

$883,822

36

Properties Sold

20

Sales Volume $18,084,900

Average Sale Price

$904,245

Properties For Sale 140

Average Days on Market

109

Month’s Supply of Inventory 7

Average List Price

$651,264

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Toluca Lake

Dec 2011

Dec 2012

%Change

Median Price $660,000

$865,000

31

8

100

$11,671,000

105

$1,458,875

3

Properties Sold

4

Sales Volume $5,689,000

Average Sale Price

$1,422,250

Properties For Sale 27

Average Days on Market

98

Month’s Supply of Inventory 6.8

Average List Price

$599,375

24

-11

149

52

3

-56

$1,166,688

95

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Valley Glen

Dec 2011

Dec 2012

%Change

Median Price $402,500

$507,500

26

18

64

$9,764,000

118

$542,444

33

16

-58

120

70

-42

Month’s Supply of Inventory 3.5

0.9

-74

$584,800

28

Properties Sold

11

Sales Volume $4,480,000

Average Sale Price

$407,273

Properties For Sale 38

Average Days on Market

Average List Price

$456,678

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Valley Village

Dec 2011

Dec 2012

%Change

Median Price $560,000

$600,000

7

Properties Sold

17

14

Sales Volume $10,708,800

Average Sale Price

$629,929

Properties For Sale 41

Average Days on Market

76

Month’s Supply of Inventory 5

Average List Price

$580,475

$8,784,000 $627,429

-18 -18 0

29

-29

61

-20

3

-40

$802,400

38

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Van Nuys

Dec 2011

Dec 2012

%Change

Median Price $305,000

$310,500

2

44

26

$13,873,709

28

$315,312

2

Properties Sold

35

Sales Volume $10,849,900

Average Sale Price

$309,997

Properties For Sale 159

65

-59

107

54

-50

Month’s Supply of Inventory 4.5

1.5

-67

Average Days on Market

Average List Price

$308,642

$337,944

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com

9


West Hills

Dec 2011

Dec 2012

%Change

Median Price $399,000

$439,500

10

50

56

$25,095,500

94

$501,910

24

84

-46

78

74

-5

Month’s Supply of Inventory 4.5

1.7

-66

$508,447

12

Properties Sold

32

Sales Volume $12,929,926

Average Sale Price

$404,060

Properties For Sale 156

Average Days on Market

Average List Price

$454,424

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Winnetka

Dec 2011

Dec 2012

%Change

Median Price $301,000

$352,000

17

32

45

$11,450,500

69

$357,828

16

39

-64

59

-30

1.2

-75

$375,838

13

Properties Sold

22

Sales Volume $6,788,250

Average Sale Price

$308,557

Properties For Sale 109

Average Days on Market

84

Month’s Supply of Inventory 5

Average List Price

$333,865

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com


Woodland Hills

Dec 2011

Dec 2012

%Change

Median Price $480,000

$547,825

14

64

19

$39,764,450

50

$621,320

24

150

-39

92

70

-24

Month’s Supply of Inventory 4.5

2.3

-48

Properties Sold

54

Sales Volume $26,542,200

Average Sale Price

$500,796

Properties For Sale 244

Average Days on Market

Average List Price

$618,845

$667,627

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Rodeo Realty RodeoMarketReports.com

8


RODEO REALTY MARKETING DEPARTMENT


San Fernando Valley December 2012 Local Market Report