Local Market Report January 2017
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 18
4
San Fernando Shadow Hills
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
Arleta
3
Bell Canyon
Rodeo Realty RodeoRE.com
19
Arleta
Jan 2016
Jan 2017
%Change
Median Price $425,000
$444,000
4%
11
22%
$12,127,800
225%
$1,102,527
166%
22
-42%
89
123%
2
-50%
Properties Sold
9
Sales Volume $3,732,500
Average Sale Price
$414,722
Properties For Sale 38
Average Days on Market
40
Months Supply of Inventory 4
Average List Price
$416,771
$449,642
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Bell Canyon
Jan 2016
Median Price $9,000
Properties Sold
8
Sales Volume $3,934,500
Average Sale Price
$491,813
Properties For Sale 31
Average Days on Market
80
Months Supply of Inventory 4
Average List Price
$687,211
Jan 2017
%Change
$548,250
5992%
4
-50%
$2,411,500
-39%
$602,875
23%
32
3%
93
16%
8
100%
$442,700
-36%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
Jan 2016
Jan 2017
%Change
Median Price $621,000
$557,000
-10%
79
32%
$40,880,452
11%
$517,474
-16%
79
32%
51
-6%
3
-40%
$649,084
11%
Properties Sold
60
Sales Volume $36,964,479
Average Sale Price
$616,075
Properties For Sale 60
Average Days on Market
54
Months Supply of Inventory 5
Average List Price
$584,860
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
Jan 2016
Jan 2017
%Change
Median Price $512,500
$295,000
-42%
28
-26%
$17,405,275
-56%
$621,617
-40%
Properties Sold
38
Sales Volume $39,551,545
Average Sale Price
$1,040,830
Properties For Sale 248
Average Days on Market
124
Months Supply of Inventory 7
Average List Price
$1,024,657
260
5%
65
-48%
9
29%
$1,000,215
-2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
Jan 2016
Jan 2017
%Change
Median Price $390,000
$395,000
1%
Properties Sold
43
Sales Volume $16,027,860
Average Sale Price
$372,741
Properties For Sale 169
Average Days on Market
67
Months Supply of Inventory 4
Average List Price
$627,530
36
-16%
$15,656,820
-2%
$434,912
17%
164
-3%
39
-42%
5
25%
$676,542
8%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Jan 2016
Jan 2017
%Change
Median Price $545,000
$510,000
-6%
74
-8%
$77,023,545
31%
$1,040,859
41%
295
1%
68
13%
4
0%
$1,212,738
-3%
Properties Sold
80
Sales Volume $58,903,412
Average Sale Price
$736,293
Properties For Sale 291
Average Days on Market
60
Months Supply of Inventory 4
Average List Price
$1,245,561
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Jan 2016
Jan 2017
%Change
Median Price $504,500
$545,000
8%
Properties Sold
42
Sales Volume $16,670,202
Average Sale Price
$396,910
Properties For Sale 164
Average Days on Market
54
Months Supply of Inventory 4
Average List Price
$432,969
32
-24%
$16,452,225
-1%
$514,132
30%
147
-10%
46
-15%
5
25%
$528,014
22%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Jan 2016
Median Price $15,373
Properties Sold
6
Sales Volume $5,206,429
Average Sale Price
$867,738
Properties For Sale 40
Average Days on Market
81
Months Supply of Inventory 7
Average List Price
$1,309,686
Jan 2017 $2,355,000
15219%
5
-17%
$11,938,250
129%
$2,387,650
175%
38
-5%
186
130%
8
14%
$1,936,875
48%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Lake Balboa
Jan 2016
Jan 2017
%Change
Median Price $485,000
$450,000
-7%
28
12%
$9,800,850
-13%
$350,030
-22%
60
-17%
49
-25%
2
-33%
$357,027
-25%
Properties Sold
25
Sales Volume $11,266,200
Average Sale Price
$450,648
Properties For Sale 72
Average Days on Market
65
Months Supply of Inventory 3
Average List Price
$477,295
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
Jan 2016
Jan 2017
%Change
Median Price $440,000
$462,500
5%
Properties Sold
8
Sales Volume $2,735,100
Average Sale Price
$341,888
Properties For Sale 34
Average Days on Market
39
Months Supply of Inventory 4
Average List Price
$354,995
6
-25%
$2,661,000
-3%
$443,500
30%
23
-32%
28
-28%
4
0%
$469,280
32%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
Jan 2016
Jan 2017
%Change
Median Price $404,250
$501,500
24%
26
-19%
$17,280,050
43%
$664,617
76%
88
-24%
69
17%
3
-25%
Properties Sold
32
Sales Volume $12,069,350
Average Sale Price
$377,167
Properties For Sale 116
Average Days on Market
59
Months Supply of Inventory 4
Average List Price
$364,862
$363,591
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
North Hollywood
Jan 2016
Jan 2017
%Change
Median Price $465,000
$563,500
21%
54
26%
$39,092,175
101%
$723,929
60%
204
-27%
59
4%
4
-43%
$450,445
13%
Properties Sold
43
Sales Volume $19,448,518
Average Sale Price
$452,291
Properties For Sale 280
Average Days on Market
57
Months Supply of Inventory 7
Average List Price
$399,134
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Jan 2016
Jan 2017
%Change
Median Price $464,475
$549,000
18%
73
-4%
$39,372,115
36%
$539,344
42%
379
-12%
47
-18%
5
-17%
$538,478
20%
Properties Sold
76
Sales Volume $28,856,645
Average Sale Price
$379,693
Properties For Sale 433
Average Days on Market
57
Months Supply of Inventory 6
Average List Price
$449,491
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Jan 2016
Jan 2017
%Change
Median Price $340,000
$395,000
16%
21
11%
$7,633,300
18%
$363,490
7%
Properties Sold
19
Sales Volume $6,482,500
Average Sale Price
$341,184
Properties For Sale 83
Average Days on Market
30
Months Supply of Inventory 4
Average List Price
$382,625
56
-33%
43
43%
3
-25%
$474,175
24%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Jan 2016
Jan 2017
%Change
Median Price $380,000
$459,000
21%
35
-24%
$14,140,289
-12%
$404,008
15%
114
-19%
38
-49%
3
0%
$536,219
27%
Properties Sold
46
Sales Volume $16,135,395
Average Sale Price
$350,769
Properties For Sale 141
Average Days on Market
75
Months Supply of Inventory 3
Average List Price
$423,729
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
Jan 2016
Jan 2017
%Change
Median Price $357,500
$400,000
12%
13
30%
$5,436,500
72%
$418,192
32%
34
-36%
44
-24%
3
-40%
$381,807
-5%
Properties Sold
10
Sales Volume $3,164,000
Average Sale Price
$316,400
Properties For Sale 53
Average Days on Market
58
Months Supply of Inventory 5
Average List Price
$402,780
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
Jan 2016
Jan 2017
%Change
Median Price $609,268
$628,500
3%
Properties Sold
2
Sales Volume $1,218,535
Average Sale Price
$609,268
Properties For Sale 32
Average Days on Market
79
Months Supply of Inventory 16
Average List Price
$718,773
4
100%
$2,395,400
97%
$598,850
-2%
24
-25%
54
-32%
6
-63%
$906,049
26%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
Jan 2016 Median Price $451,000
Jan 2017
%Change
$485,000
8%
Properties Sold 90 Sales Volume $54,433,549
95
6%
$59,100,139
9%
$622,107
3%
438
2%
50
-4%
5
0%
$1,062,151
35%
Average Sale Price
$604,817
Properties For Sale 428
Average Days on Market
52
Months Supply of Inventory 5
Average List Price
$784,848
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Jan 2016
Jan 2017
%Change
Median Price $508,000
$444,000
-13%
54
-4%
$36,413,230
-1%
$674,319
3%
277
0%
68
-7%
5
0%
Properties Sold
56
Sales Volume $36,708,259
Average Sale Price
$655,505
Properties For Sale 276
Average Days on Market
73
Months Supply of Inventory 5
Average List Price
$1,256,496
$1,064,019
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-15%
Sun Valley
Jan 2016
Jan 2017
%Change
Median Price $417,500
$477,000
14%
20
25%
$9,994,900
50%
$499,745
20%
60
-37%
42
-11%
3
-50%
$447,083
18%
Properties Sold
16
Sales Volume $6,683,200
Average Sale Price
$417,700
Properties For Sale 95
Average Days on Market
47
Months Supply of Inventory 6
Average List Price
$379,621
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
Jan 2016
Jan 2017
%Change
Median Price $390,000
$440,000
13%
47
9%
$19,330,700
24%
$411,291
14%
143
-30%
54
-14%
3
-40%
$399,522
-9%
Properties Sold
43
Sales Volume $15,531,045
Average Sale Price
$361,187
Properties For Sale 204
Average Days on Market
63
Months Supply of Inventory 5
Average List Price
$438,618
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Jan 2016
Jan 2017
%Change
Median Price $416,500
$406,000
-3%
41
-11%
Properties Sold
46
Sales Volume $26,302,871
Average Sale Price
$571,802
Properties For Sale 196
Average Days on Market
69
Months Supply of Inventory 4
Average List Price
$715,920
$26,885,899
2%
$655,754
15%
194
-1%
54
-22%
5
25%
$859,160
20%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Jan 2016
Jan 2017
%Change
Median Price $715,000
$960,000
34%
11
-27%
$10,659,450
-43%
$969,041
-22%
66
-1%
55
-34%
6
50%
$969,041
-22%
Properties Sold
15
Sales Volume $18,609,500
Average Sale Price
$1,240,633
Properties For Sale 67
Average Days on Market
83
Months Supply of Inventory 4
Average List Price
$1,240,633
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
Jan 2016
Jan 2017
%Change
Median Price $545,000
$653,500
20%
16
-16%
$8,890,500
-11%
Properties Sold
19
Sales Volume $10,018,950
Average Sale Price
$527,313
Properties For Sale 81
Average Days on Market
90
Months Supply of Inventory 4
Average List Price
$527,313
$555,656 73
-10%
50
-44%
5
25%
$555,656
5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
5%
Valley Village
Jan 2016
Jan 2017
%Change
Median Price $642,500
$812,000
26%
22
38%
$18,138,600
62%
$824,482
18%
98
-8%
50
-40%
4
-43%
$740,365
28%
Properties Sold
16
Sales Volume $11,226,700
Average Sale Price
$701,669
Properties For Sale 106
Average Days on Market
83
Months Supply of Inventory 7
Average List Price
$576,988
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Jan 2016
Jan 2017
%Change
Median Price $450,000
$463,000
3%
40
18%
$17,982,140
-32%
$449,554
-42%
147
-11%
53
2%
4
-20%
Properties Sold
34
Sales Volume $26,475,175
Average Sale Price
$778,682
Properties For Sale 165
Average Days on Market
52
Months Supply of Inventory 5
Average List Price
$503,258
$532,634
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6%
West Hills
Jan 2016
Jan 2017
%Change
Median Price $510,000
$650,000
27%
48
41%
$28,714,149
113%
$598,211
46%
169
-3%
49
-27%
4
-20%
$543,914
18%
Properties Sold
34
Sales Volume $13,510,962
Average Sale Price
$409,423
Properties For Sale 174
Average Days on Market
67
Months Supply of Inventory 5
Average List Price
$459,183
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Jan 2016
Jan 2017
%Change
Median Price $380,000
$471,500
24%
Properties Sold
36
6%
Sales Volume $9,913,390
$13,826,339
39%
Average Sale Price
$384,065
28%
Properties For Sale 121
86
-29%
Average Days on Market
44
-35%
Months Supply of Inventory 4
2
-50%
Average List Price
$408,931
20%
34
$300,406
68
$340,832
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Jan 2016
Jan 2017
%Change
Median Price $520,000
$524,650
1%
84
11%
$43,247,024
17%
$514,846
6%
473
-4%
52
-7%
6
0%
Properties Sold
76
Sales Volume $37,015,370
Average Sale Price
$487,044
Properties For Sale 492
Average Days on Market
56
Months Supply of Inventory 6
Average List Price
$610,750
$516,212
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-15%
RODEO REALTY MARKETING DEPARTMENT