Local Market Report May 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
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
Rodeo Realty RodeoRE.com
19
Arleta
May 2013
May 2014
%Change
Median Price $309,900
$337,000
9
21
24
$7,119,075
43
$339,004
16
44
-6
34
-28
2.10
-24
$372,032
21
Properties Sold
17
Sales Volume $4,982,200
Average Sale Price
$293,071
Properties For Sale 47
Average Days on Market
47
Month’s Supply of Inventory 2.76
Average List Price
$306,945
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
May 2013
May 2014
%Change
Median Price $1,160,000
$1,408,000
21
2
-60
$2,816,000
-55
$1,408,000
13
2
-60
109
40
15.00
213
Properties Sold
5
Sales Volume $6,242,000
Average Sale Price
$1,248,000
Properties For Sale 5
Average Days on Market
78
Month’s Supply of Inventory 4.80
Average List Price
$1,435,500
$1,598,875
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
11
Burbank
May 2013
May 2014
%Change
Median Price $635,000
$650,000
2
Properties Sold
55
Sales Volume $37,244,100
Average Sale Price
$677,165
Properties For Sale 120
Average Days on Market
40
Month’s Supply of Inventory 2.18
Average List Price
$638,276
36
-35
$26,185,249
-30
$727,368 101
-16
48
20
2.81
29
$876,075
37
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7
Calabasas
May 2013
May 2014
%Change
Median Price $980,000
$1,307,000
33
25
-31
$33,949,375
-23
$1,357,975
10
131
5
72
22
5.24
51
$2,007,655
15
Properties Sold
36
Sales Volume $44,358,000
Average Sale Price
$1,232,167
Properties For Sale 125
Average Days on Market
59
Month’s Supply of Inventory 3.47
Average List Price
$1,743,557
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
May 2013
May 2014
%Change
Median Price $475,000
$541,500
14
22
-24
$13,783,175
-13
$731,933
15
87
16
56
27
3.95
53
$731,933
15
Properties Sold
29
Sales Volume $15,860,500
Average Sale Price
$633,721
Properties For Sale 75
Average Days on Market
44
Month’s Supply of Inventory 2.59
Average List Price
$633,721
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
May 2013
May 2014
%Change
Median Price $732,000
$1,040,000
42
34
-31
$40,657,525
-18
$1,195,810
18
146
-3
43
-17
4.29
40
$1,549,867
24
Properties Sold
49
Sales Volume $49,825,063
Average Sale Price
$1,016,838
Properties For Sale 150
Average Days on Market
52
Month’s Supply of Inventory 3.06
Average List Price
$1,248,514
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
May 2013
May 2014
%Change
Median Price $450,000
$490,000
9
Properties Sold
66
Sales Volume $32,582,788
Average Sale Price
$493,679
Properties For Sale 113
Average Days on Market
57
Month’s Supply of Inventory 1.71
Average List Price
$593,662
55
-17
$30,485,999
-6
$554,291
12
106
-6
49
-14
1.93
13
$552,345
-7
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
May 2013
May 2014
%Change
Median Price $1,537,500
$3,350,000
118
3
50
$10,283,000
234
$3,427,667
123
Properties Sold
2
Sales Volume $3,075,000
Average Sale Price
$1,537,500
Properties For Sale 34
Average Days on Market
81
Month’s Supply of Inventory 17.00
Average List Price
$3,409,429
33
-3
111
37
11.00
-35
$5,235,889
54
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Lake Balboa
May 2013
May 2014
%Change
Median Price $415,250
$459,900
11
21
31
$10,139,388
49
$482,828
13
41
37
40
33
1.95
4
$489,076
13
Properties Sold
16
Sales Volume $6,810,600
Average Sale Price
$425,663
Properties For Sale 30
Average Days on Market
30
Month’s Supply of Inventory 1.88
Average List Price
$432,709
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
May 2013
May 2014
%Change
Median Price $364,000
$387,100
6
12
20
$4,537,200
26
$378,100
5
Properties Sold
10
Sales Volume $3,586,800
Average Sale Price
$358,680
Properties For Sale 18
Average Days on Market
28
Month’s Supply of Inventory 1.80
Average List Price
$371,875
16
-11
49
75
1.33
-26
$420,280
13
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
May 2013
May 2014
%Change
Median Price $380,000
$430,000
13
22
16
$9,229,850
30
$419,539
12
50
22
35
3
2.27
5
$472,962
19
Properties Sold
19
Sales Volume $7,111,950
Average Sale Price
$374,313
Properties For Sale 41
Average Days on Market
34
Month’s Supply of Inventory 2.16
Average List Price
$397,910
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
May 2013
May 2014
%Change
Median Price $417,500
$415,750
0
Properties Sold
50
Sales Volume $22,173,720
Average Sale Price
$443,474
Properties For Sale 90
Average Days on Market
50
Month’s Supply of Inventory 1.80
Average List Price
$374,870
36
-28
$15,453,900
-30
$429,275
-3
100
11
53
6
2.78
54
$491,692
31
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
May 2013
May 2014
%Change
Median Price $589,500
$661,500
12
54
-33
$35,710,550
-25
$661,306
11
203
25
42
24
3.76
85
$691,000
4
Properties Sold
80
Sales Volume $47,568,091
Average Sale Price
$594,601
Properties For Sale 162
Average Days on Market
34
Month’s Supply of Inventory 2.03
Average List Price
$664,363
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
May 2013
May 2014
%Change
Median Price $302,500
$337,500
12
18
-10
Properties Sold
20
Sales Volume $5,549,800
Average Sale Price
$277,490
Properties For Sale 55
Average Days on Market
24
Month’s Supply of Inventory 2.75
Average List Price
$297,605
$5,902,400
6
$327,911
18
38
-31
32
33
2.11
-23
$328,641
10
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
May 2013
May 2014
%Change
Median Price $360,000
$400,500
11
28
-20
$11,399,800
-8
$404,993
15
83
20
54
64
2.96
50
$421,489
8
Properties Sold
35
Sales Volume $12,313,060
Average Sale Price
$351,802
Properties For Sale 69
Average Days on Market
33
Month’s Supply of Inventory 1.97
Average List Price
$388,635
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
May 2013
May 2014
%Change
Median Price $282,500
$347,500
23
16
-11
Properties Sold
18
Sales Volume $5,156,800
Average Sale Price
$286,489
Properties For Sale 30
Average Days on Market
25
Month’s Supply of Inventory 1.67
Average List Price
$302,453
$5,334,800
3
$333,425
16
18
-40
40
60
1.13
-32
$358,986
19
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
May 2013
May 2014
%Change
Median Price $628,500
$640,000
2
4
0
$2,623,250
7
$655,813
7
Properties Sold
4
Sales Volume $2,447,000
Average Sale Price
$611,750
Properties For Sale 23
Average Days on Market
80
Month’s Supply of Inventory 5.75
Average List Price
$768,373
15
-35
51
-36
3.75
-35
$888,921
16
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
May 2013
May 2014
%Change
Median Price $809,000
$985,000
22
65
-4
$71,155,850
10
$1,094,705
15
177
0
50
-4
2.72
5
$1,218,979
22
Properties Sold
68
Sales Volume $64,752,355
Average Sale Price
$952,241
Properties For Sale 177
Average Days on Market
52
Month’s Supply of Inventory 2.60
Average List Price
$999,239
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
May 2013
May 2014
%Change
Median Price $910,000
$1,200,000
32
39
15
$50,348,670
53
$1,290,992
33
106
-2
62
44
2.72
-14
$1,540,144
14
Properties Sold
34
Sales Volume $33,001,350
Average Sale Price
$970,628
Properties For Sale 108
Average Days on Market
43
Month’s Supply of Inventory 3.18
Average List Price
$1,345,121
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
May 2013
May 2014
%Change
Median Price $325,000
$366,000
13
12
-20
$4,896,000
-4
$408,000
21
57
0
37
-3
4.75
25
$462,462
10
Properties Sold
15
Sales Volume $5,076,900
Average Sale Price
$338,460
Properties For Sale 57
Average Days on Market
38
Month’s Supply of Inventory 3.80
Average List Price
$420,607
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
May 2013
May 2014
%Change
Median Price $352,850
$400,000
13
49
53
$20,725,159
77
$422,952
16
89
-7
54
29
1.82
-39
$434,259
12
Properties Sold
32
Sales Volume $11,709,108
Average Sale Price
$365,910
Properties For Sale 96
Average Days on Market
42
Month’s Supply of Inventory 3.00
Average List Price
$388,736
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
May 2013
May 2014
%Change
Median Price $918,000
$997,500
9
Properties Sold
33
Sales Volume $29,462,400
Average Sale Price
$892,800
Properties For Sale 93
Average Days on Market
54
Month’s Supply of Inventory 2.82
Average List Price
$1,045,779
25
-24
$23,414,313
-21
$936,573
5
106
14
49
-9
4.24
50
$1,136,810
9
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
May 2013
May 2014
%Change
Median Price $875,000
$943,500
8
Properties Sold
11
Sales Volume $14,223,000
Average Sale Price
$1,293,000
Properties For Sale 21
Average Days on Market
32
Month’s Supply of Inventory 1.91
Average List Price
$1,289,500
4
-64
$5,259,000
-63
$1,314,750
2
17
-19
29
-9
4.25
123
$972,328
-25
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
May 2013
May 2014
%Change
Median Price $647,000
$637,500
-1
12
-40
$7,670,500
-42
$639,208
-3
34
3
55
17
2.83
72
$693,455
11
Properties Sold
20
Sales Volume $13,191,500
Average Sale Price
$659,575
Properties For Sale 33
Average Days on Market
47
Month’s Supply of Inventory 1.65
Average List Price
$623,340
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
May 2013
May 2014
%Change
Median Price $760,000
$728,500
-4
5
-44
$3,733,000
-42
Properties Sold
9
Sales Volume $6,443,000
Average Sale Price
$715,889
Properties For Sale 42
Average Days on Market
88
Month’s Supply of Inventory 4.67
Average List Price
$778,870
$746,600 33
-21
56
-36
6.50
41
$929,771
19
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
4
Van Nuys
May 2013
May 2014
%Change
Median Price $387,500
$390,000
1
Properties Sold
42
Sales Volume $16,306,800
Average Sale Price
$388,257
Properties For Sale 87
Average Days on Market
33
Month’s Supply of Inventory 2.07
Average List Price
$403,313
29
-31
$11,465,440
-30
$395,360
2
85
-2
44
33
2.93
42
$493,139
22
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
May 2013
May 2014
%Change
Median Price $550,000
$550,000
0
Properties Sold
57
Sales Volume $31,578,400
Average Sale Price
$554,007
Properties For Sale 116
Average Days on Market
43
Month’s Supply of Inventory 2.04
Average List Price
$560,153
33
-42
$19,065,000
-40
$577,727
4
116
0
47
9
3.52
73
$644,900
15
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
May 2013 Median Price $414,750
May 2014
%Change
$438,000
6
Properties Sold 34 Sales Volume $13,798,125
34
0
$15,373,338
11
Average Sale Price $405,827 Properties For Sale 64
$452,157
11
63
-2
Average Days on Market 43 Month’s Supply of Inventory 1.88
43
0
1.85
-2
$434,869
7
Average List Price
$407,447
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
May 2013
May 2014
%Change
Median Price $624,500
$682,500
9
Properties Sold
78
Sales Volume $51,942,969
Average Sale Price
$665,936
Properties For Sale 198
Average Days on Market
40
Month’s Supply of Inventory 2.54
Average List Price
$817,356
66
-15
$49,578,600
-5
$751,191
13
205
4
70
75
3.11
22
$839,610
3
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT