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