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Local Market Report January 2014

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

San Fernando

18

Bell Canyon

4

Santa Clarita

19

Burbank

5

Shadow Hills

20

Calabasas

6

Sherman Oaks

21

Chatsworth

7

Studio City

22

Encino

8

Sun Valley

23

Granada Hills

9

Sylmar

24

Hidden Hills

10

Tarzana

25

Lake Balboa

11

Toluca Lake

26

Mission Hills

12

Valley Glen

27

North Hills

13

Valley Village

28

North Hollywood

14

Van Nuys

29

Northridge

15

West Hills

30

Pacoima

16

Winnetka

31

Reseda

17

Woodland Hills

32

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Arleta

Jan. 2013

Jan. 2014

%Change

Median Price $270,000

$315,000

17

7

-46

$2,272,749

-36

$324,678

19

36

-23

55

25

5.14

42

$330,893

9

Properties Sold

13

Sales Volume $3,536,418

Average Sale Price

$272,032

Properties For Sale 47

Average Days on Market

44

Month’s Supply of Inventory 3.62

Average List Price

$303,873

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

Rodeo Realty RodeoRE.com


Bell Canyon

Jan. 2013

Jan. 2014

Median Price $775,000

$0

-100

0

-100

$0

-100

$0

-100

21

-13

0

-100

0.00

-100

Properties Sold

3

Sales Volume $2,169,000

Average Sale Price

$723,000

Properties For Sale 24

Average Days on Market

142

Month’s Supply of Inventory 8.00

Average List Price

$1,402,390

$1,670,375

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

Rodeo Realty RodeoRE.com

%Change

19


Burbank

Jan. 2013

Jan. 2014

%Change

Median Price $521,750

$630,000

21

49

53

$31,035,358

70

$633,375

11

103

1

47

-16

2.10

-34

$735,208

18

Properties Sold

32

Sales Volume $18,218,474

Average Sale Price

$569,327

Properties For Sale 102

Average Days on Market

56

Month’s Supply of Inventory 3.19

Average List Price

$623,169

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

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Calabasas

Jan. 2013

Jan. 2014

%Change

Median Price $889,500

$1,330,500

50

12

-57

$18,448,000

-38

$1,537,333

44

77

1

114

52

6.42

137

Properties Sold

28

Sales Volume $29,873,925

Average Sale Price

$1,066,926

Properties For Sale 76

Average Days on Market

75

Month’s Supply of Inventory 2.71

Average List Price

$1,805,023

$1,696,912

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

Rodeo Realty RodeoRE.com

-6


Chatsworth

Jan. 2013

Jan. 2014

%Change

Median Price $455,000

$457,500

1

Properties Sold

21

Sales Volume $9,475,400

Average Sale Price

$451,210

Properties For Sale 59

Average Days on Market

51

Month’s Supply of Inventory 2.81

Average List Price

$677,353

18

-14

$11,343,000

20

$630,167

40

60

2

81

59

3.33

19

$730,332

8

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

Rodeo Realty RodeoRE.com


Encino

Jan. 2013

Jan. 2014

%Change

Median Price $690,000

$869,750

26

32

23

$35,513,000

74

$1,109,781

42

97

-9

67

10

3.03

26

$1,189,340

2

Properties Sold

26

Sales Volume $20,388,500

Average Sale Price

$784,173

Properties For Sale 107

Average Days on Market

61

Month’s Supply of Inventory 4.12

Average List Price

$1,163,491

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

Rodeo Realty RodeoRE.com


Granada Hills

Jan. 2013

Jan. 2014

%Change

Median Price $385,000

$450,000

17

33

0

$16,881,000

15

$511,545

15

73

-26

55

-4

2.21

-26

$593,399

29

Properties Sold

33

Sales Volume $14,735,500

Average Sale Price

$446,530

Properties For Sale 99

Average Days on Market

57

Month’s Supply of Inventory 3.00

Average List Price

$461,228

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

Rodeo Realty RodeoRE.com


Hidden Hills

Jan. 2013

Jan. 2014

%Change

Median Price $2,250,000

$3,262,500

45

2

0

$6,525,000

45

$3,262,500

45

21

-28

103

151

10.50

-28

$4,099,375

26

Properties Sold

2

Sales Volume $4,500,000

Average Sale Price

$2,250,000

Properties For Sale 29

Average Days on Market

41

Month’s Supply of Inventory 14.50

Average List Price

$3,249,923

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

Rodeo Realty RodeoRE.com


Lake Balboa

Jan. 2013

Jan. 2014

%Change

Median Price $395,000

$480,000

22

9

-18

Properties Sold

11

Sales Volume $4,120,000

Average Sale Price

$374,545

Properties For Sale 38

Average Days on Market

35

Month’s Supply of Inventory 3.45

Average List Price

$387,919

$4,440,900

8

$493,433

32

26

-32

34

-3

2.89

-16

$461,068

19

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

Rodeo Realty RodeoRE.com


Mission Hills

Jan. 2013

Jan. 2014

%Change

Median Price $315,250

$374,750

19

6

-40

$2,306,500

-26

$384,417

23

14

-46

27

-45

2.33

-10

$376,050

16

Properties Sold

10

Sales Volume $3,137,240

Average Sale Price

$313,724

Properties For Sale 26

Average Days on Market

49

Month’s Supply of Inventory 2.60

Average List Price

$324,277

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

Rodeo Realty RodeoRE.com


North Hills

Jan. 2013

Jan. 2014

%Change

Median Price $364,000

$416,000

14

15

-21

$6,153,400

-9

$410,227

15

38

-10

57

12

2.53

14

$421,014

10

Properties Sold

19

Sales Volume $6,754,500

Average Sale Price

$355,500

Properties For Sale 42

Average Days on Market

51

Month’s Supply of Inventory 2.21

Average List Price

$382,895

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

Rodeo Realty RodeoRE.com


North Hollywood

Jan. 2013

Jan. 2014

%Change

Median Price $342,000

$380,000

11

27

4

$11,270,018

23

$417,408

18

105

-6

52

-16

3.89

-10

$487,287

26

Properties Sold

26

Sales Volume $9,166,660

Average Sale Price

$352,562

Properties For Sale 112

Average Days on Market

62

Month’s Supply of Inventory 4.31

Average List Price

$386,452

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

Rodeo Realty RodeoRE.com


Northridge

Jan. 2013

Jan. 2014

%Change

Median Price $500,000

$532,500

7

Properties Sold

55

Sales Volume $29,192,175

Average Sale Price

$529,621

Properties For Sale 139

Average Days on Market

54

Month’s Supply of Inventory 2.53

Average List Price

$531,144

36

-35

$21,633,450

-26

$600,929

13

126

-9

66

22

3.50

38

$678,248

28

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

Rodeo Realty RodeoRE.com


Pacoima

Jan. 2013

Jan. 2014

%Change

Median Price $247,500

$302,500

22

18

13

$5,613,000

39

$311,833

24

37

-33

29

-17

2.06

-40

$317,747

15

Properties Sold

16

Sales Volume $4,025,600

Average Sale Price

$251,600

Properties For Sale 55

Average Days on Market

35

Month’s Supply of Inventory 3.44

Average List Price

$276,861

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

Rodeo Realty RodeoRE.com


Reseda

Jan. 2013

Jan. 2014

%Change

Median Price $330,000

$385,000

17

23

-15

$8,851,000

-6

$384,826

11

68

8

43

-20

2.96

27

$451,325

32

Properties Sold

27

Sales Volume $9,380,400

Average Sale Price

$347,422

Properties For Sale 63

Average Days on Market

54

Month’s Supply of Inventory 2.33

Average List Price

$342,040

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

Rodeo Realty RodeoRE.com


San Fernando

Jan. 2013

Jan. 2014

%Change

Median Price $284,000

$310,000

9

Properties Sold

14

Sales Volume $4,101,900

Average Sale Price

$292,993

Properties For Sale 25

Average Days on Market

34

Month’s Supply of Inventory 1.79

Average List Price

$276,078

11

-21

$3,516,950

-14

$319,723

9

27

8

27

-21

2.45

37

$350,559

27

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

Rodeo Realty RodeoRE.com


Santa Clarita

Jan. 2013

Jan. 2014

Median Price n/a

n/a

n/a

n/a

n/a

n/a

Sales Volume $0

$0

0

n/a

n/a

0

Properties For Sale n/a

n/a

n/a

n/a

n/a

0.0

-100

$84,500

-76

Properties Sold

Average Sale Price

Average Days on Market

n/a

Month’s Supply of Inventory 4.00

Average List Price

$359,500

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

Rodeo Realty RodeoRE.com

%Change


Shadow Hills

Jan. 2013

Jan. 2014

%Change

Median Price $604,000

$1,025,000

70

3

200

$2,975,000

393

$991,667

64

5

-58

80

105

1.67

-86

Properties Sold

1

Sales Volume $604,000

Average Sale Price

$604,000

Properties For Sale 12

Average Days on Market

39

Month’s Supply of Inventory 12.00

Average List Price

$509,500

$533,000

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

Rodeo Realty RodeoRE.com

5


Sherman Oaks

Jan. 2013

Jan. 2014

%Change

Median Price $783,500

$1,032,500

32

40

29

$42,386,575

58

$1,059,664

22

128

0

99

38

3.20

-23

$1,182,690

18

Properties Sold

31

Sales Volume $26,820,450

Average Sale Price

$865,176

Properties For Sale 128

Average Days on Market

72

Month’s Supply of Inventory 4.13

Average List Price

$1,004,690

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

Rodeo Realty RodeoRE.com


Studio City

Jan. 2013

Jan. 2014

%Change

Median Price $745,000

$1,122,000

51

21

-5

$24,827,650

29

$1,182,269

35

84

1

54

-27

Properties Sold

22

Sales Volume $19,286,500

Average Sale Price

$876,659

Properties For Sale 83

Average Days on Market

74

Month’s Supply of Inventory 3.77

Average List Price

$1,418,395

4.00

6

$1,416,800

0

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

Rodeo Realty RodeoRE.com


Sun Valley

Jan. 2013

Jan. 2014

%Change

Median Price $290,000

$350,000

21

20

-20

Properties Sold

15

Sales Volume $4,751,000

Average Sale Price

$316,733

Properties For Sale 59

Average Days on Market

34

Month’s Supply of Inventory 3.93

Average List Price

$341,477

$4,868,500

2

$405,708

28

34

-42

82

141

2.83

-28

$402,347

18

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

Rodeo Realty RodeoRE.com


Sylmar

Jan. 2013

Jan. 2014

%Change

Median Price $325,000

$375,000

15

47

62

$18,106,000

97

$385,234

22

77

-39

48

-45

1.64

-63

$387,752

15

Properties Sold

29

Sales Volume $9,181,400

Average Sale Price

$316,600

Properties For Sale 127

Average Days on Market

88

Month’s Supply of Inventory 4.38

Average List Price

$335,824

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

Rodeo Realty RodeoRE.com


Tarzana

Jan. 2013

Jan. 2014

%Change

Median Price $791,000

$867,125

10

20

11

$19,069,250

23

$953,463

11

97

-16

72

-19

3.85

-25

$1,177,532

16

Properties Sold

18

Sales Volume $15,474,000

Average Sale Price

$859,667

Properties For Sale 92

Average Days on Market

89

Month’s Supply of Inventory 5.11

Average List Price

$1,012,487

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

Rodeo Realty RodeoRE.com


Toluca Lake

Jan. 2013

Jan. 2014

%Change

Median Price $1,562,000

$1,147,500

-27

6

-50

$9,095,340

-51

$1,515,890

-2

18

-18

79

-33

3.00

64

$1,473,251

-18

Properties Sold

12

Sales Volume $18,656,134

Average Sale Price

$1,554,678

Properties For Sale 22

Average Days on Market

118

Month’s Supply of Inventory 1.83

Average List Price

$1,801,981

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

Rodeo Realty RodeoRE.com


Valley Glen

Jan. 2013

Jan. 2014

%Change

Median Price $511,500

$563,500

10

10

-23

$5,728,000

-17

Properties Sold

13

Sales Volume $6,885,750

Average Sale Price

$529,673

Properties For Sale 32

Average Days on Market

39

Month’s Supply of Inventory 2.46

Average List Price

$506,731

$572,800 21

-34

95

144

2.10

-15

$704,733

39

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

Rodeo Realty RodeoRE.com

8


Valley Village

Jan. 2013

Jan. 2014

%Change

Median Price $612,500

$751,000

23

12

50

$9,716,055

98

$809,671

32

27

-21

71

-16

2.25

-47

Properties Sold

8

Sales Volume $4,918,000

Average Sale Price

$614,750

Properties For Sale 34

Average Days on Market

85

Month’s Supply of Inventory 4.25

Average List Price

$743,106

$752,112

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

Rodeo Realty RodeoRE.com

1


Van Nuys

Jan. 2013

Jan. 2014

%Change

Median Price $350,000

$429,500

23

24

-4

$9,627,400

11

$401,142

16

58

-33

63

-14

2.42

-30

$468,919

23

Properties Sold

25

Sales Volume $8,652,900

Average Sale Price

$346,116

Properties For Sale 86

Average Days on Market

73

Month’s Supply of Inventory 3.44

Average List Price

$382,105

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

Rodeo Realty RodeoRE.com


West Hills

Jan. 2013

Jan. 2014

%Change

Median Price $491,500

$520,000

6

27

0

$15,701,000

12

$581,519

12

90

-13

60

-5

3.33

-13

$675,532

26

Properties Sold

27

Sales Volume $14,031,090

Average Sale Price

$519,670

Properties For Sale 103

Average Days on Market

63

Month’s Supply of Inventory 3.81

Average List Price

$537,612

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

Rodeo Realty RodeoRE.com


Winnetka

Jan. 2013 Median Price $350,000

Jan. 2014

%Change

$397,500

14

Properties Sold 19 Sales Volume $6,670,650

18

-5

$7,414,500

11

Average Sale Price $351,087 Properties For Sale 53

$411,917

17

50

-6

Average Days on Market 81 Month’s Supply of Inventory 2.79

56

-31

Average List Price

$361,367

2.78

0

$445,089

23

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

Rodeo Realty RodeoRE.com


Woodland Hills

Jan. 2013

Jan. 2014

%Change

Median Price $570,000

$669,500

17

42

-40

$22,651,565

-35

Properties Sold

53

Sales Volume $34,656,300

Average Sale Price

$653,892

Properties For Sale 176

Average Days on Market

54

Month’s Supply of Inventory 3.32

Average List Price

$697,164

$707,861 158

-10

56

4

4.94

49

$777,607

12

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

Rodeo Realty RodeoRE.com

8


RODEO REALTY MARKETING DEPARTMENT

Rodeo Realty Local Market Report--San Fernando Valley January 2014  

Rodeo Realty San Fernando Valley Market Report for January 2014 detailing local real estate market statistics with year-over-year data.

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