Local Market Report April 2016
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
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19
Arleta
April 2015
Median Price $390,000
Properties Sold
19
Sales Volume $7,295,000
Average Sale Price
$383,947
Properties For Sale 29
Average Days on Market
54
Months Supply of Inventory 2
Average List Price
$373,366
April 2016
%Change
$439,900
13%
11
-42%
$4,867,400
-33%
$442,491
15%
25
-14%
50
-7%
2
0%
$436,210
17%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Bell Canyon
April 2015
Median Price $1,580,000
Properties Sold
5
Sales Volume $7,265,000
Average Sale Price
$1,453,000
Properties For Sale 30
Average Days on Market
146
Months Supply of Inventory 6
Average List Price
$1,634,080
April 2016
%Change
$1,150,000
-27%
2
-60%
$2,300,000
-68%
$1,150,000
-21%
22
-27%
46
-68%
11
83%
$1,780,850
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Burbank
April 2015
Median Price $698,000
Properties Sold
58
Sales Volume $45,474,280
Average Sale Price
$784,039
Properties For Sale 130
Average Days on Market
65
Months Supply of Inventory 2
Average List Price
$822,386
April 2016
%Change
$756,500
8%
46
-21%
$37,570,856
-17%
$816,758
4%
137
5%
65
0%
3
50%
$812,433
-1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Calabasas
April 2015
Median Price $1,103,750
Properties Sold
22
Sales Volume $29,724,030
Average Sale Price
$1,351,092
Properties For Sale 155
Average Days on Market
56
Months Supply of Inventory 7
Average List Price
$1,931,823
April 2016
%Change
$1,427,500
29%
30
36%
$47,878,287
61%
$1,595,943
18%
118
-24%
55
-2%
4
-43%
$2,212,115
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
April 2015
Median Price $555,000
Properties Sold
22
Sales Volume $21,125,600
Average Sale Price
$704,187
Properties For Sale 102
Average Days on Market
3
Months Supply of Inventory 54
Average List Price
$770,500
April 2016
%Change
$595,000
7%
17
-23%
$11,180,000
-47%
$657,647
-7%
89
-13%
5
67%
70
30%
$789,628
2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Encino
April 2015
Median Price $1,151,500
Properties Sold
51
Sales Volume $62,435,176
Average Sale Price
$1,224,219
Properties For Sale 175
Average Days on Market
51
Months Supply of Inventory 3
Average List Price
$1,554,660
April 2016
%Change
$1,225,000
6%
34
-33%
$53,290,576
-15%
$1,567,370
28%
164
-6%
48
-6%
5
67%
$2,041,286
31%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Granada Hills
April 2015
Median Price $510,000
Properties Sold
43
Sales Volume $23,358,100
Average Sale Price
$543,212
Properties For Sale 107
Average Days on Market
53
Months Supply of Inventory 2
Average List Price
$629,168
April 2016
%Change
$588,500
15%
36
-16%
$22,820,300
-2%
$633,897
17%
83
-22%
58
9%
2
0%
$642,584
2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
April 2015
Median Price $4,759,000
Properties Sold
4
Sales Volume $18,168,000
Average Sale Price
$4,542,000
Properties For Sale 31
Average Days on Market
153
Months Supply of Inventory 8
Average List Price
$7,019,778
April 2016
%Change
$3,600,000
-24%
2
-50%
$7,200,000
-60%
$3,600,000
-21%
35
13%
71
-54%
18
125%
$7,133,571
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Lake Balboa
April 2015
Median Price $450,000
Properties Sold
17
Sales Volume $8,256,400
Average Sale Price
$485,671
Properties For Sale 53
Average Days on Market
36
Months Supply of Inventory 3
Average List Price
$516,955
April 2016
%Change
$562,500
25%
15
-12%
$8,178,000
-1%
$545,200
12%
39
-26%
41
14%
3
0%
$572,692
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Mission Hills
April 2015
Median Price $452,500
Properties Sold
9
Sales Volume $3,936,500
Average Sale Price
$437,389
Properties For Sale 31
Average Days on Market
47
Months Supply of Inventory 3
Average List Price
$427,014
April 2016
%Change
$502,500
11%
8
-11%
$3,961,000
1%
$495,125
13%
24
-23%
30
-36%
3
0%
$496,144
16%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
April 2015
Median Price $425,500
Properties Sold
24
Sales Volume $9,708,200
Average Sale Price
$404,508
Properties For Sale 73
Average Days on Market
56
Months Supply of Inventory 3
Average List Price
$412,616
April 2016
%Change
$459,000
8%
23
-4%
$9,362,000
-4%
$407,043
1%
91
25%
22
-61%
4
33%
$484,852
18%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
April 2015
Median Price $425,000
Properties Sold
59
Sales Volume $26,498,200
Average Sale Price
$449,122
Properties For Sale 139
Average Days on Market
57
Months Supply of Inventory 2
Average List Price
$496,561
April 2016
%Change
$480,000
13%
57
-3%
$27,927,952
5%
$489,964
9%
136
-2%
53
-7%
2
0%
$508,833
2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
April 2015
Median Price $580,000
Properties Sold
101
Sales Volume $63,708,925
Average Sale Price
$630,781
Properties For Sale 281
Average Days on Market
55
Months Supply of Inventory 3
Average List Price
$653,047
April 2016
%Change
$672,475
16%
80
-21%
$55,161,195
-13%
$689,515 214
-24%
56
2%
3
0%
$712,009
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Pacoima
April 2015
Median Price $350,000
Properties Sold
27
Sales Volume $8,894,275
Average Sale Price
$329,418
Properties For Sale 74
Average Days on Market
45
Months Supply of Inventory 3
Average List Price
$305,455
April 2016
%Change
$394,000
13%
34
26%
$13,034,000
47%
$383,353
16%
43
-42%
56
24%
1
-67%
$359,662
18%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
April 2015
Median Price $419,500
Properties Sold
48
Sales Volume $18,555,799
Average Sale Price
$386,579
Properties For Sale 121
Average Days on Market
72
Months Supply of Inventory 3
Average List Price
$422,592
April 2016
%Change
$442,000
5%
37
-23%
$16,003,589
-14%
$432,529
12%
101
-17%
41
-43%
3
0%
$432,125
2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
April 2015
Median Price $346,000
Properties Sold
15
Sales Volume $5,190,000
Average Sale Price
$346,000
Properties For Sale 52
Average Days on Market
80
Months Supply of Inventory 3
Average List Price
$370,654
April 2016
%Change
$417,750
21%
10
-33%
$3,849,800
-26%
$384,980
11%
30
-42%
33
-59%
3
0%
$379,647
2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
April 2015
Median Price $773,000
Properties Sold
9
Sales Volume $8,190,120
Average Sale Price
$910,013
Properties For Sale 17
Average Days on Market
98
Months Supply of Inventory 2
Average List Price
$1,167,999
April 2016
%Change
$705,000
-9%
5
-44%
$3,486,000
-57%
$697,200
-23%
17
0%
77
-21%
3
50%
$1,393,624
19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
April 2015
Median Price $741,500
Properties Sold
96
Sales Volume $95,077,910
Average Sale Price
$990,395
Properties For Sale 267
Average Days on Market
45
Months Supply of Inventory 3
Average List Price
$1,022,818
April 2016
%Change
$908,000
22%
89
-7%
$100,154,275
5%
$1,125,329
14%
263
-1%
53
18%
3
0%
$1,236,597
21%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
April 2015
Median Price $985,000
Properties Sold
54
Sales Volume $59,369,572
Average Sale Price
$1,099,437
Properties For Sale 152
Average Days on Market
52
Months Supply of Inventory 3
Average List Price
$1,245,126
April 2016
%Change
$975,000
-1%
45
-17%
$48,502,500
-18%
$1,077,833
-2%
158
4%
54
4%
4
33%
$1,261,097
1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
April 2015
Median Price $424,500
Properties Sold
22
Sales Volume $10,457,500
Average Sale Price
$475,341
Properties For Sale 69
Average Days on Market
66
Months Supply of Inventory 3
Average List Price
$496,574
April 2016
%Change
$435,000
2%
27
23%
$11,894,500
14%
$440,537
-7%
48
-30%
52
-21%
2
-33%
$544,913
10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
April 2015
Median Price $361,000
Properties Sold
62
Sales Volume $22,807,350
Average Sale Price
$367,860
Properties For Sale 167
Average Days on Market
61
Months Supply of Inventory 3
Average List Price
$357,498
April 2016
%Change
$415,000
15%
59
-5%
$23,715,400
4%
$401,956
9%
134
-20%
51
-16%
2
-33%
$420,308
18%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
April 2015
Median Price $394,500
Properties Sold
54
Sales Volume $33,609,850
Average Sale Price
$622,405
Properties For Sale 168
Average Days on Market
55
Months Supply of Inventory 3
Average List Price
$910,823
April 2016
%Change
$535,000
36%
42
-22%
$33,102,990
-2%
$788,166
27%
133
-21%
41
-25%
3
0%
$871,622
-4%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
April 2015
Median Price $865,593
Properties Sold
10
Sales Volume $9,297,685
Average Sale Price
$929,769
Properties For Sale 49
Average Days on Market
46
Months Supply of Inventory 5
Average List Price
$1,148,317
April 2016
%Change
$725,000
-16%
15
50%
$13,936,000
50%
$929,067
0%
33
-33%
40
-13%
2
-60%
$1,363,470
19%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
April 2015
Median Price $503,000
Properties Sold
17
Sales Volume $9,015,100
Average Sale Price
$530,300
Properties For Sale 61
Average Days on Market
58
Months Supply of Inventory 4
Average List Price
$664,222
April 2016
%Change
$630,000
25%
25
47%
$15,841,137
76%
$633,645
19%
62
2%
57
-2%
2
-50%
$690,513
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
4%
Valley Village
April 2015
Median Price $713,000
Properties Sold
24
Sales Volume $19,041,600
Average Sale Price
$793,400
Properties For Sale 37
Average Days on Market
40
Months Supply of Inventory 2
Average List Price
$937,490
April 2016
%Change
$885,000
24%
19
-21%
$15,163,100
-20%
$798,058
1%
61
65%
40
0%
3
50%
$879,919
-6%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
April 2015
Median Price $358,250
Properties Sold
38
Sales Volume $14,413,889
Average Sale Price
$379,313
Properties For Sale 124
Average Days on Market
48
Months Supply of Inventory 3
Average List Price
$495,934
April 2016
%Change
$515,000
44%
49
29%
$24,902,488
73%
$508,214
34%
93
-25%
44
-8%
2
-33%
$467,740
-6%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
April 2015
Median Price $554,000
Properties Sold
61
Sales Volume $36,507,491
Average Sale Price
$598,483
Properties For Sale 145
Average Days on Market
56
Months Supply of Inventory 2
Average List Price
$681,138
April 2016
%Change
$600,000
8%
43
-30%
$27,182,448
-26%
$632,150 103
-29%
53
-5%
2
0%
$696,582
2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6%
Winnetka
April 2015
Median Price $435,000
Properties Sold
39
Sales Volume $15,993,250
Average Sale Price
$410,083
Properties For Sale 102
Average Days on Market
68
Months Supply of Inventory 3
Average List Price
$464,019
April 2016
%Change
$475,000
9%
43
10%
$19,264,368
20%
$448,009
9%
60
-41%
59
-13%
1
-67%
$502,088
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Woodland Hills
April 2015
Median Price $631,825
Properties Sold
80
Sales Volume $53,118,004
Average Sale Price
$663,975
Properties For Sale 287
Average Days on Market
67
Months Supply of Inventory 4
Average List Price
$749,717
April 2016
%Change
$744,000
18%
75
-6%
$56,506,108
6%
$753,415
13%
246
-14%
50
-25%
3
-25%
$871,652
16%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT