Local Market Report January 2016
San Fernando Valley Area At Rodeo Realty, we believe education is the key to helping clients make the best possible Janisions 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 Arleta
3
18
4
San Fernando Shadow Hills
Bell Canyon 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
Rodeo Realty RodeoRE.com
19
Arleta
Jan 2015
Jan 2016
%Change
Median Price $389,000
$425,000
9%
Properties Sold
15
Sales Volume $5,669,250
Average Sale Price
$377,950
Properties For Sale 44
Average Days on Market
58
Months Supply of Inventory 3
Average List Price
$390,694
9
-40%
$3,732,500
-34%
$414,722
10%
28
-36%
40
-31%
3
0%
$416,295
7%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Bell Canyon
Jan 2015
Median Price $1,569,000
Properties Sold
2
Sales Volume $3,138,000
Average Sale Price
$1,569,000
Properties For Sale 31
Average Days on Market
351
Months Supply of Inventory 16
Average List Price
$1,475,556
Jan 2016 $1,941,250
24%
2
0%
$3,882,500
24%
$1,941,250
24%
19
-39%
155
-56%
10
-38%
$1,134,975
-23%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Burbank
Jan 2015
Jan 2016
%Change
Median Price $562,500
$658,975
17%
46
0%
$33,075,584
15%
$719,034
15%
132
-25%
59
-2%
3
-25%
Properties Sold
46
Sales Volume $28,814,050
Average Sale Price
$626,392
Properties For Sale 175
Average Days on Market
60
Months Supply of Inventory 4
Average List Price
$701,873
$713,564
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Calabasas
Jan 2015
Median Price $779,500
Properties Sold
22
Sales Volume $20,423,761
Average Sale Price
$928,353
Properties For Sale 114
Average Days on Market
129
Months Supply of Inventory 5
Average List Price
$1,641,631
Jan 2016 $1,500,000
92%
19
-14%
$35,947,500
76%
$1,891,974
104%
89
-22%
128
-1%
5
0%
$1,636,723
0%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Chatsworth
Jan 2015
Jan 2016
%Change
Median Price $459,250
$512,500
12%
28
40%
$15,658,015
61%
$559,215
15%
85
-29%
63
19%
3
-50%
$808,666
20%
Properties Sold
20
Sales Volume $9,697,500
Average Sale Price
$484,875
Properties For Sale 119
Average Days on Market
53
Months Supply of Inventory 6
Average List Price
$672,224
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
Jan 2015
Jan 2016
%Change
Median Price $637,000
$759,000
19%
59
48%
$58,768,747
36%
$996,080
-8%
151
-25%
70
15%
3
-40%
$1,523,072
21%
Properties Sold
40
Sales Volume $43,334,626
Average Sale Price
$1,083,366
Properties For Sale 202
Average Days on Market
61
Months Supply of Inventory 5
Average List Price
$1,263,484
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
Jan 2015
Jan 2016
%Change
Median Price $462,500
$570,000
23%
31
3%
$17,225,027
13%
$555,646
9%
92
-3%
63
-11%
3
0%
$605,693
11%
Properties Sold
30
Sales Volume $15,238,000
Average Sale Price
$507,933
Properties For Sale 95
Average Days on Market
71
Months Supply of Inventory 3
Average List Price
$547,175
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
Jan 2015
Median Price $1,715,000
Properties Sold
3
Sales Volume $4,736,000
Average Sale Price
$1,578,667
Properties For Sale 29
Average Days on Market
44
Months Supply of Inventory 10
Average List Price
$8,452,600
Jan 2016 $2,575,000
50%
2
-33%
$5,150,000
9%
$2,575,000
63%
26
-10%
130
195%
13
30%
$5,056,800
-40%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Lake Balboa
Jan 2015
Jan 2016
%Change
Median Price $459,000
$487,500
6%
22
22%
$10,565,500
28%
$480,250
5%
Properties Sold
18
Sales Volume $8,265,000
Average Sale Price
$459,167
Properties For Sale 50
Average Days on Market
63
Months Supply of Inventory 3
Average List Price
$462,673
41
-18%
67
6%
2
-33%
$547,131
18%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
Jan 2015
Jan 2016
%Change
Median Price $430,000
$450,000
5%
6
20%
$2,730,000
23%
$455,000
2%
Properties Sold
5
Sales Volume $2,223,000
Average Sale Price
$444,600
Properties For Sale 26
Average Days on Market
58
Months Supply of Inventory 5
Average List Price
$394,974
18
-31%
44
-24%
3
-40%
$425,129
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
North Hills
Jan 2015
Jan 2016
%Change
Median Price $270,500
$414,250
53%
30
36%
$12,065,500
75%
$402,183
28%
73
-15%
62
-13%
2
-50%
Properties Sold
22
Sales Volume $6,893,499
Average Sale Price
$313,341
Properties For Sale 86
Average Days on Market
71
Months Supply of Inventory 4
Average List Price
$385,123
$408,889
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6%
North Hollywood
Jan 2015
Jan 2016
%Change
Median Price $430,500
$467,000
8%
Properties Sold
40
Sales Volume $17,574,611
Average Sale Price
$439,365
Properties For Sale 129
Average Days on Market
68
Months Supply of Inventory 3
Average List Price
$435,168
33
-18%
$15,606,273
-11%
$472,917
8%
121
-6%
64
-6%
4
33%
$521,280
20%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Jan 2015
Jan 2016
%Change
Median Price $505,500
$580,000
15%
47
-6%
$27,440,350
5%
$583,837
11%
173
-23%
58
-15%
4
0%
$692,971
4%
Properties Sold
50
Sales Volume $26,234,050
Average Sale Price
$524,681
Properties For Sale 224
Average Days on Market
68
Months Supply of Inventory 4
Average List Price
$668,359
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Jan 2015
Jan 2016
%Change
Median Price $335,000
$340,000
1%
19
27%
$6,482,500
43%
$341,184
13%
51
-25%
30
-40%
3
-40%
$360,659
19%
Properties Sold
15
Sales Volume $4,535,575
Average Sale Price
$302,372
Properties For Sale 68
Average Days on Market
50
Months Supply of Inventory 5
Average List Price
$303,114
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Reseda
Jan 2015
Jan 2016
%Change
Median Price $399,500
$394,500
-1%
38
31%
$15,074,150
36%
$396,688
4%
Properties Sold
29
Sales Volume $11,108,630
Average Sale Price
$383,056
Properties For Sale 109
Average Days on Market
71
Months Supply of Inventory 4
Average List Price
$401,342
79
-28%
69
-3%
2
-50%
$399,270
-1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
Jan 2015
Jan 2016
%Change
Median Price $292,950
$375,000
28%
10
11%
$3,419,000
19%
$341,900
8%
Properties Sold
9
Sales Volume $2,861,450
Average Sale Price
$317,939
Properties For Sale 44
Average Days on Market
45
Months Supply of Inventory 5
Average List Price
$352,876
24
-45%
59
31%
2
-60%
$345,867
-2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
Jan 2015
Median Price
Properties Sold
0
Sales Volume $0
Average Sale Price
Jan 2016 $609,268 2 $1,218,535 $609,268
Properties For Sale 15
17
Average Days on Market
79
Months Supply of Inventory
9
Average List Price
$1,016,657
$727,158
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
13%
-28%
Sherman Oaks
Jan 2015
Jan 2016
%Change
Median Price $712,450
$795,000
12%
53
-2%
$50,829,575
11%
$959,049
13%
184
-19%
62
-5%
3
-25%
$1,213,694
21%
Properties Sold
54
Sales Volume $45,871,950
Average Sale Price
$849,481
Properties For Sale 228
Average Days on Market
65
Months Supply of Inventory 4
Average List Price
$999,040
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Jan 2015
Jan 2016
%Change
Median Price $790,000
$842,500
7%
34
48%
$36,019,974
76%
$1,059,411
19%
142
3%
79
27%
4
-33%
$1,667,774
52%
Properties Sold
23
Sales Volume $20,518,500
Average Sale Price
$892,109
Properties For Sale 138
Average Days on Market
62
Months Supply of Inventory 6
Average List Price
$1,094,291
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
Jan 2015
Jan 2016
%Change
Median Price $412,500
$425,000
3%
Properties Sold
16
Sales Volume $6,989,000
Average Sale Price
$436,813
Properties For Sale 76
Average Days on Market
61
Months Supply of Inventory 5
Average List Price
$451,244
13
-19%
$6,677,000
-4%
$513,615
18%
52
-32%
55
-10%
4
-20%
$506,819
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
Jan 2015
Jan 2016
%Change
Median Price $375,000
$390,000
4%
38
-5%
$14,693,500
-2%
$386,671
3%
Properties Sold
40
Sales Volume $14,996,000
Average Sale Price
$374,900
Properties For Sale 176
Average Days on Market
60
Months Supply of Inventory 4
Average List Price
$390,529
139
-21%
66
10%
4
0%
$452,391
16%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Jan 2015
Jan 2016
%Change
Median Price $645,000
$629,250
-2%
34
26%
$27,108,905
14%
$963,078
-3%
113
-23%
72
-5%
3
-40%
$963,078
-3%
Properties Sold
27
Sales Volume $23,678,000
Average Sale Price
$997,853
Properties For Sale 146
Average Days on Market
76
Months Supply of Inventory 5
Average List Price
$997,853
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Jan 2015
Median Price $625,000
Properties Sold
7
Sales Volume $8,007,800
Average Sale Price
$1,143,971
Properties For Sale 36
Average Days on Market
106
Months Supply of Inventory 5
Average List Price
$2,010,171
Jan 2016 $1,685,000
170%
9
29%
$16,544,000
107%
$1,838,222
61%
25
-31%
101
-5%
3
-40%
$1,472,385
-27%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Valley Glen
Jan 2015
Jan 2016
%Change
Median Price $460,000
$648,500
41%
17
89%
$10,007,500
107%
Properties Sold
9
Sales Volume $4,843,500
Average Sale Price
$538,167
Properties For Sale 61
Average Days on Market
45
Months Supply of Inventory 7
Average List Price
$580,741
$588,676 54
-11%
100
122%
3
-57%
$575,697
-1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Valley Village
Jan 2015
Jan 2016
%Change
Median Price $412,000
$642,500
56%
12
-33%
$9,357,000
-4%
$779,750
44%
41
-2%
92
77%
3
50%
$711,912
-6%
Properties Sold
18
Sales Volume $9,773,000
Average Sale Price
$542,944
Properties For Sale 42
Average Days on Market
52
Months Supply of Inventory 2
Average List Price
$758,914
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Jan 2015
Jan 2016
%Change
Median Price $385,000
$428,500
11%
20
-26%
$8,570,375
-21%
Properties Sold
27
Sales Volume $10,871,980
Average Sale Price
$402,666
Properties For Sale 126
Average Days on Market
66
Months Supply of Inventory 5
Average List Price
$414,855
$428,519 94
-25%
53
-20%
5
0%
$414,351
0%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6%
West Hills
Jan 2015
Jan 2016
%Change
Median Price $539,000
$564,888
5%
Properties Sold
38
Sales Volume $28,357,605
Average Sale Price
$746,253
Properties For Sale 121
Average Days on Market
81
Months Supply of Inventory 3
Average List Price
$618,473
21
-45%
$13,317,777
-53%
$634,180
-15%
81
-33%
75
-7%
4
33%
$658,547
6%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Jan 2015
Jan 2016
%Change
Median Price $420,000
$439,000
5%
Properties Sold
27
Sales Volume $10,674,400
Average Sale Price
$395,348
Properties For Sale 113
Average Days on Market
57
Months Supply of Inventory 4
Average List Price
$432,076
23
-15%
$9,881,500
-7%
$429,630
9%
71
-37%
83
46%
3
-25%
$441,387
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Woodland Hills
Jan 2015
Jan 2016
%Change
Median Price $626,250
$700,000
12%
47
24%
$34,199,250
38%
$727,644
11%
197
-33%
64
-27%
4
-50%
$846,013
11%
Properties Sold
38
Sales Volume $24,810,000
Average Sale Price
$652,895
Properties For Sale 294
Average Days on Market
88
Months Supply of Inventory 8
Average List Price
$765,501
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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