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 Arleta
3
San Fernando
17
Burbank
4
Shadow Hills
18
Calabasas
5
Sherman Oaks
19
Chatsworth
6
Studio City
20
Encino
7
Sun Valley
21
Granada Hills
8
Sylmar
22
Hidden Hills
9
Tarzana
23
Lake Balboa
10
Toluca Lake
24
Mission Hills
11
Valley Glen
25
North Hills
12
Valley Village
26
North Hollywood
13
Van Nuys
27
Northridge
14
West Hills
28
Pacoima
15
Winnetka
29
Reseda
16
Woodland Hills
30
Rodeo Realty RodeoMarketReports.com
Arleta
March 2012
March 2013
Median Price $255,500
$310,000
21
13
-35
$4,069,400
-19
$313,031
25
28
-47
38
-62
2.15
-19
$312,633
30
Properties Sold
20
Sales Volume $4,999,150
Average Sale Price
$249,958
Properties For Sale 53
Average Days on Market
100
Month’s Supply of Inventory 2.65
Average List Price
$240,428
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
Burbank
March 2012
March 2013
Median Price $471,500
$570,000
21
63
13
$40,226,900
43
$638,522
27
80
-53
61
-23
1.27
-58
$610,110
-1
Properties Sold
56
Sales Volume $28,079,477
Average Sale Price
$501,419
Properties For Sale 169
Average Days on Market
79
Month’s Supply of Inventory 3.02
Average List Price
$613,439
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
Calabasas
March 2012
March 2013
%Change
Median Price $975,000
$1,060,000
9
20
-9
$23,044,400
-16
$1,152,220
-7
74
-49
75
-27
3.70
-44
$1,705,331
-14
Properties Sold
22
Sales Volume $27,345,000
Average Sale Price
$1,242,955
Properties For Sale 145
Average Days on Market
103
Month’s Supply of Inventory 6.59
Average List Price
$1,980,709
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
Chatsworth
March 2012
March 2013
Median Price $420,000
$440,000
5
24
9
$11,107,500
3
$462,813
-6
52
-58
70
-29
2.17
-62
$562,617
19
Properties Sold
22
Sales Volume $10,830,775
Average Sale Price
$492,308
Properties For Sale 125
Average Days on Market
98
Month’s Supply of Inventory 5.68
Average List Price
$549,256
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
Encino
March 2012
March 2013
Median Price $765,000
$805,000
5
40
11
$36,429,420
5
$910,736
-5
101
-23
45
-38
2.53
-30
Properties Sold
36
Sales Volume $34,678,260
Average Sale Price
$963,285
Properties For Sale 131
Average Days on Market
72
Month’s Supply of Inventory 3.64
Average List Price
$1,296,313
$1,312,285
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
1
Granada Hills
March 2012
March 2013
Median Price $403,500
$425,000
5
45
18
$21,456,540
43
$487,649
23
76
-49
36
-67
1.69
-57
$485,358
23
Properties Sold
38
Sales Volume $15,047,150
Average Sale Price
$395,978
Properties For Sale 150
Average Days on Market
109
Month’s Supply of Inventory 3.95
Average List Price
$396,082
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
Hidden Hills
March 2012
March 2013
%Change
Median Price $1,425,000
$2,712,500
90
3
50
$6,425,000
-2
$2,717,500
47
36
29
129
34
-74
Month’s Supply of Inventory 9.33
18
93
$2,745,849
-15
Properties Sold
2
Sales Volume $5,525,000
Average Sale Price
$1,841,667
Properties For Sale 28
Average Days on Market
Average List Price
$3,235,500
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
Lake Balboa
March 2012
March 2013
Median Price $297,000
$375,000
26
11
57
$4,251,900
88
$386,536
19
26
-54
19
-74
2.36
-71
$425,517
21
Properties Sold
7
Sales Volume $2,266,000
Average Sale Price
$323,714
Properties For Sale 56
Average Days on Market
72
Month’s Supply of Inventory 8
Average List Price
$350,632
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
Mission Hills
March 2012
March 2013
Median Price $299,000
$320,000
Properties Sold
13
Sales Volume $3,849,500
Average Sale Price
$296,115
Properties For Sale 49
Average Days on Market
44
Month’s Supply of Inventory 3.77
Average List Price
$287,080
%Change 7
11
-15
$3,407,000
-11
$309,727
5
17
-65
18
-59
1.55
-59
$360,289
26
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
North Hills
March 2012
March 2013
Median Price $293,500
$385,000
31
20
-29
$7,671,000
-8
$383,550
29
28
-70
42
-53
1.4
-58
$355,650
13
Properties Sold
28
Sales Volume $8,325,401
Average Sale Price
$297,336
Properties For Sale 93
Average Days on Market
90
Month’s Supply of Inventory 3.32
Average List Price
$314,326
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
North Hollywood
March 2012
March 2013
Median Price $289,950
$356,000
23
37
-3
$13,479,500
19
$364,311
22
70
-62
67
-37
1.89
-61
$394,861
30
Properties Sold
38
Sales Volume $11,350,100
Average Sale Price
$298,687
Properties For Sale 182
Average Days on Market
107
Month’s Supply of Inventory 4.79
Average List Price
$303,960
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
Northridge
March 2012
March 2013
Median Price $498,000
$514,500
3
68
24
$34,496,265
24
$507,298
0
Properties Sold
55
Sales Volume $27,794,650
Average Sale Price
$505,357
Properties For Sale 238
Average Days on Market
73
Month’s Supply of Inventory 4.33
Average List Price
$507,217
%Change
100
-58
63
-14
1.47
-66
$614,290
21
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
Pacoima
March 2012
March 2013
Median Price $230,000
$265,000
15
11
-62
$2,719,000
-59
Properties Sold
29
Sales Volume $6,624,000
Average Sale Price
$228,414
Properties For Sale 101
Average Days on Market
79
Month’s Supply of Inventory 3.48
Average List Price
$231,900
$247,182
%Change
8
33
-67
42
-47
3
-14
$286,246
23
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
Reseda
March 2012
March 2013
Median Price $269,000
$326,750
21
30
-30
$9,569,000
-23
$318,967
10
45
-71
62
-30
1.5
-58
$343,919
13
Properties Sold
43
Sales Volume $12,492,499
Average Sale Price
$290,523
Properties For Sale 155
Average Days on Market
88
Month’s Supply of Inventory 3.60
Average List Price
$305,446
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
San Fernando
March 2012
March 2013
Median Price $235,000
$309,000
31
15
0
$4,355,500
25
$290,367
25
27
-56
103
42
-59
Month’s Supply of Inventory 4.13
1.8
-56
Properties Sold
15
Sales Volume $3,496,376
Average Sale Price
$233,092
Properties For Sale 62
Average Days on Market
Average List Price
$248,291
$270,358
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
9
Shadow Hills
March 2012
March 2013
Median Price $469,500
$520,000
Properties Sold
2
Sales Volume $939,000
Average Sale Price
$469,500
Properties For Sale 20
%Change 11
5
150
$2,555,800
172
$511,160
9
9
-55
60
167
178
Month’s Supply of Inventory 10
1.8
-82
$510,667
-63
Average Days on Market
Average List Price
$1,375,271
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
Sherman Oaks
March 2012
March 2013
Median Price $640,000
$800,000
25
44
-10
Properties Sold
49
Sales Volume $34,946,649
Average Sale Price
$713,197
Properties For Sale 190
Average Days on Market
95
Month’s Supply of Inventory 3.88
Average List Price
$846,945
%Change
$37,309,900
7
$847,952
19
134
-29
60
-37
3.05
-21
$1,110,562
31
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
Studio City
March 2012
March 2013
Median Price $740,500
$895,000
21
28
12
$32,818,400
61
$1,172,086
43
67
-36
90
102
13
Month’s Supply of Inventory 4.2
2.39
-43
$1,173,397
14
Properties Sold
25
Sales Volume $20,428,698
Average Sale Price
$817,148
Properties For Sale 105
Average Days on Market
Average List Price
$1,032,699
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
Sun Valley
March 2012
March 2013
Median Price $275,000
$305,000
11
19
-17
$5,972,000
-7
$314,316
13
33
-63
60
-18
1.74
-55
$419,097
31
Properties Sold
23
Sales Volume $6,418,800
Average Sale Price
$279,078
Properties For Sale 89
Average Days on Market
73
Month’s Supply of Inventory 3.87
Average List Price
$319,410
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
Sylmar
March 2012
March 2013
Median Price $270,600
$321,000
19
51
-6
$17,008,316
13
$333,496
20
58
-77
54
-30
1.14
-75
$345,880
17
Properties Sold
54
Sales Volume $15,022,983
Average Sale Price
$278,203
Properties For Sale 251
Average Days on Market
77
Month’s Supply of Inventory 4.65
Average List Price
$296,820
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
Tarzana
March 2012
March 2013
Median Price $565,000
$818,000
45
Properties Sold
26
53
Sales Volume $12,850,260
$25,167,999
96
Average Sale Price
$968,000
28
Properties For Sale 129
76
-41
Average Days on Market
83
-14
Month’s Supply of Inventory 7.59
2.92
-62
Average List Price
$842,843
20
17
$755,898
96
$702,709
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
Toluca Lake
March 2012
March 2013
Median Price $640,000
$950,000
48
11
450
$16,254,000
1170
$1,477,636
131
17
-54
48
153
1.55
-92
$1,453,917
-6
Properties Sold
2
Sales Volume $1,280,000
Average Sale Price
$640,000
Properties For Sale 37
Average Days on Market
19
Month’s Supply of Inventory 18.5
Average List Price
$1,514,846
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
Valley Glen
March 2012
March 2013
Median Price $348,250
$519,500
49
16
100
$8,134,850
144
$508,428
22
22
-31
42
-29
1.38
-66
$606,968
11
Properties Sold
8
Sales Volume $3,328,000
Average Sale Price
$416,000
Properties For Sale 32
Average Days on Market
59
Month’s Supply of Inventory 4
Average List Price
$544,518
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
Valley Village
March 2012
March 2013
Median Price $530,000
$675,000
27
15
36
$10,247,400
51
$683,160
11
19
-60
65
-3
1.27
-71
$666,400
-9
Properties Sold
11
Sales Volume $6,784,000
Average Sale Price
$616,727
Properties For Sale 48
Average Days on Market
67
Month’s Supply of Inventory 4.36
Average List Price
$735,641
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
Van Nuys
March 2012
March 2013
Median Price $295,000
$365,000
24
50
-2
$18,121,613
17
$362,432
19
57
-67
72
16
1.14
-66
$416,583
29
Properties Sold
51
Sales Volume $15,516,399
Average Sale Price
$304,243
Properties For Sale 172
Average Days on Market
62
Month’s Supply of Inventory 3.37
Average List Price
$323,103
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
West Hills
March 2012
March 2013
Median Price $420,250
$467,000
11
55
31
$27,752,105
51
$504,584
16
87
-38
58
-35
1.58
-53
$621,694
32
Properties Sold
42
Sales Volume $18,326,050
Average Sale Price
$436,335
Properties For Sale 140
Average Days on Market
89
Month’s Supply of Inventory 3.33
Average List Price
$470,764
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
Winnetka
March 2012
March 2013
Median Price $307,500
$379,000
23
25
-38
Properties Sold
40
Sales Volume $12,571,700
Average Sale Price
$314,293
Properties For Sale 97
Average Days on Market
77
Month’s Supply of Inventory 2.43
Average List Price
$338,505
$9,047,500
%Change
-28
$361,900
15
41
-58
44
-43
1.64
-33
$407,707
20
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
Woodland Hills
March 2012
March 2013
Median Price $477,500
$587,500
23
70
6
$45,055,850
29
$643,655
21
138
-40
62
-21
1.97
-43
$731,150
26
Properties Sold
66
Sales Volume $34,978,380
Average Sale Price
$529,975
Properties For Sale 230
Average Days on Market
78
Month’s Supply of Inventory 3.48
Average List Price
$580,100
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoMarketReports.com
%Change
RODEO REALTY MARKETING DEPARTMENT