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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.

RodeoRE.com


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


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