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
Burbank
2
Tarzana
16
Calabasas
3
Toluca Lake
17
Chatsworth
4
Valley Glen
18
Encino
5
Valley Village
19
Granada Hills
6
Van Nuys
20
Hidden Hills
7
West Hills
21
Lake Balboa
8
Woodland Hills
22
Mission Hills
9
North Hills
10
North Hollywood
11
Northridge
12
Reseda
13
Sherman Oaks
14
Studio City
15
Rodeo Realty RodeoMarketReports.com
Burbank
Aug 2011
Aug 2012
%Change
Median Price
$503,500
$482,500
-4
Properties Sold
48
50
4
Sales Volume
$24,433,200
$25,733,650
5
Average Sale Price
$509,025
$514,673
1
Properties For Sale
218
143
-34
Average Days on Market
77
76
-1
Month’s Supply of Inventory
5
3
-37
Average List Price
$517,366
$551,369
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
7
Calabasas
Aug 2011
Aug 2012
%Change
Median Price
$770,000
$1,115,000
45
Properties Sold
23
23
0
Sales Volume
$20,625,825
$25,828,325
25
Average Sale Price
$896,775
$1,213,405
25
Properties For Sale
152
114
-25
Average Days on Market
107
97
-9
Month’s Supply of Inventory
7
5
-25
Average List Price
$1,429,326
$1,673,943
17
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
Chatsworth
Aug 2011
Aug 2012
%Change
Median Price
$415,000
$488,000
18
Properties Sold
24
21
-13
Sales Volume
$11,243,500
$12,154,940
8
Average Sale Price
$468,479
$578,807
24
Properties For Sale
122
92
-25
Average Days on Market
89
57
-36
Month’s Supply of Inventory
5
4
-14
Average List Price
$457,282
$655,395
43
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
Encino
Aug 2011
Aug 2012
%Change
Median Price
$838,000
$570,000
-32
Properties Sold
31
41
32
Sales Volume
$32,800,000
$32,306,000
-2
Average Sale Price
$1,058,065
$787,951
-26
Properties For Sale
205
122
-40
Average Days on Market
65
67
3
Month’s Supply of Inventory
7
3
-55
Average List Price
$1,164,074
$1,008,106
-13
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
Granada Hills
Aug 2011
July 2012
%Change
Median Price
$375,000
$365,000
-3
Properties Sold
37
53
43
Sales Volume
$16,008,035
$21,790,440
36
Average Sale Price
$432,650
$411,140
-5
Properties For Sale
227
110
-52
Average Days on Market
61
78
28
Month’s Supply of Inventory
6
2
-66
Average List Price
$421,797
$466,023
10
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
Hidden Hills
Aug 2011
Aug 2012
%Change
Median Price
$1,050,000
$2,133,000
103
Properties Sold
3
3
0
Sales Volume
$7,505,000
$8,868,000
18
Average Sale Price
$2,501,667
$2,956,000
18
Properties For Sale
37
25
-32
Average Days on Market
256
76
-70
Month’s Supply of Inventory
12
8
-32
Average List Price
$2,824,500
$4,668,375
65
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
Lake Balboa
Aug 2011
Aug 2012
%Change
Median Price
$295,000
$342,000
16
Properties Sold
27
13
52
Sales Volume
$8,284,999
$4,534,000
45
Average Sale Price
$306,852
$348,7691
14
Properties For Sale
48
25
-48
Average Days on Market
88
41
-53
Month’s Supply of Inventory
2
2
8
Average List Price
$329,984
$435,038
32
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
Mission Hills
Aug 2011
Aug 2012
%Change
Median Price
$300,000
$315,000
5
Properties Sold
16
13
-19
Sales Volume
$4,710,200
$3,975,000
-16
Average Sale Price
$294,388
$305,769
Properties For Sale
57
30
-47
Average Days on Market
52
44
-15
Month’s Supply of Inventory
4
2
-35
Average List Price
$292,806
$322,148
10
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
4
North Hills
Aug 2011
Aug 2012
%Change
Median Price
$340,000
$332,000
-2
Properties Sold
29
36
24
Sales Volume
$9,653,500
$12,010,458
24
Average Sale Price
$332,879
$343,156
3
Properties For Sale
132
58
-56
Average Days on Market
109
74
-32
Month’s Supply of Inventory
5
2
-65
Average List Price
$334,128
$338,938
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
1
North Hollywood
Aug 2011
Aug 2012
%Change
Median Price
$295,000
$300,000
2
Properties Sold
39
44
13
Sales Volume
$12,184,500
$14,484,150
19
Average Sale Price
$312,423
$329,185
5
Properties For Sale
235
134
-43
Average Days on Market
101
71
-30
Month’s Supply of Inventory
6
3
-49
Average List Price
$333,973
$338,014
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
1
Northridge
Aug 2011
Aug 2012
%Change
Median Price
$527,000
$500,000
-5
Properties Sold
53
72
36
Sales Volume
$28,423,250
$36,176,288
27
Average Sale Price
$536,288
$509,525
-5
Properties For Sale
324
213
-34
Average Days on Market
89
78
-12
Month’s Supply of Inventory
6
3
-52
Average List Price
$503,155
$529,470
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
5
Reseda
Aug 2011
Aug 2012
%Change
Median Price
$270,000
$285,000
6
Properties Sold
36
35
-3
Sales Volume
$10,142,000
$10,097,100
0
Average Sale Price
$281,722
$288,489
2
Properties For Sale
211
97
-54
Average Days on Market
66
59
-11
Month’s Supply of Inventory
6
3
-53
Average List Price
$311,776
$327,150
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
5
Sherman Oaks
Aug 2011
Aug 2012
%Change
Median Price
$680,000
$689,500
1
Properties Sold
49
60
22
Sales Volume
$41,856,799
$44,605,500
7
Average Sale Price
$854,220
$743,425
-13
Properties For Sale
215
185
-14
Average Days on Market
80
74
-8
Month’s Supply of Inventory
4
3
-30
Average List Price
$850,349
$890,356
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
5
Studio City
Aug 2011
Aug 2012
%Change
Median Price
$807,000
$790,000
-2
Properties Sold
25
27
8
Sales Volume
$26,565,490
$27,207,250
2
Average Sale Price
$1,062,620
$1,007,676
-5
Properties For Sale
130
94
-28
Average Days on Market
73
52
-29
Month’s Supply of Inventory
5
3
-33
Average List Price
$996,772
$867,746
-13
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
L
Tarzana
Aug 2011
Aug 2012
%Change
Median Price
$558,000
$707,500
27
Properties Sold
31
40
29
Sales Volume
$21,117,500
$30,831,500
46
Average Sale Price
$683,145
$770,788
13
Properties For Sale
153
98
-36
Average Days on Market
77
87
13
Month’s Supply of Inventory
5
2
-50
Average List Price
$874,748
$1,001,494
14
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
Toluca Lake
Aug 2011
Aug 2012
%Change
Median Price
$592,775
$720,500
22
Properties Sold
6
16
167
Sales Volume
$4,284,550
Average Sale Price
$16,571,000
287
$714,092
$1,035,688
45
Properties For Sale
29
27
-7
Average Days on Market
95
115
21
Month’s Supply of Inventory
5
2
-65
Average List Price
$1,329,625
$2,235,111
68
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
L
Valley Glen
Aug 2011
Aug 2012
%Change
Median Price
$400,000
$468,000
17
Properties Sold
13
5
-62
Sales Volume
$4,968,000
$2,445,000
-51
Average Sale Price
$382,154
$489,000
28
Properties For Sale
45
31
-31
Average Days on Market
84
48
-43
Month’s Supply of Inventory
3
6
79
Average List Price
$488,183
$529,712
9
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
Valley Village
Aug 2011
Aug 2012
%Change
Median Price
$595,000
$667,000
12
Properties Sold
14
16
14
Sales Volume
$8,871,000
$10,589,000
19
Average Sale Price
$633,643
$661,813
4
Properties For Sale
49
48
-2
Average Days on Market
74
105
42
Month’s Supply of Inventory
4
3
-14
Average List Price
$562,519
$712,067
27
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
Van Nuys
Aug 2011
Aug 2012
%Change
Median Price
$311,278
$315,000
1
Properties Sold
40
35
Sales Volume
$12,631,154
Average Sale Price
$315,779
$331,385
Properties For Sale
197
119
-40
Average Days on Market
76
47
-38
Month’s Supply of Inventory
5
3
-31
Average List Price
$314,636
$343,184
$11,598,479
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
-13 -8 5
9
West Hills
Aug 2011
Aug 2012
%Change
Median Price
$455,000
$427,500
-6
Properties Sold
41
50
22
Sales Volume
$19,737,000
$22,177,859
12
Average Sale Price
$481,390
$443,557
-8
Properties For Sale
185
140
-24
Average Days on Market
96
70
-27
Month’s Supply of Inventory
5
3
-38
Average List Price
$470,489
$524,194
11
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
Woodland Hills
Aug 2011
Aug 2012
%Change
Median Price
$550,000
$545,000
-1
Properties Sold
53
73
38
Sales Volume
$32,750,099
$42,907,699
31
Average Sale Price
$617,926
$587,777
-5
Properties For Sale
276
209
-24
Average Days on Market
95
63
-34
Month’s Supply of Inventory
5
3
-45
Average List Price
$633,226
$641,623
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
1
RODEO REALTY MARKETING DEPARTMENT