Local Market Report July 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 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
July 2015
July 2016
%Change
Median Price $392,000
$415,000
6%
14
17%
$5,653,500
22%
$403,821
5%
Properties Sold
12
Sales Volume $4,630,000
Average Sale Price
$385,833
Properties For Sale 46
Average Days on Market
43
Months Supply of Inventory 4
Average List Price
$401,515
35
-24%
50
16%
3
-25%
$434,208
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Bell Canyon
July 2015
Median Price $1,750,000
Properties Sold
3
Sales Volume $6,675,000
Average Sale Price
$2,225,000
Properties For Sale 26
Average Days on Market
56
Months Supply of Inventory 9
Average List Price
$1,556,800
July 2016 $1,038,000
-41%
2
-33%
$2,076,000
-69%
$1,038,000
-53%
24
-8%
78
39%
12
33%
$1,997,800
28%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Burbank
July 2015
July 2016
%Change
Median Price $660,000
$708,000
7%
Properties Sold
87
Sales Volume $58,265,300
Average Sale Price
$669,716
Properties For Sale 222
Average Days on Market
53
Months Supply of Inventory 3
Average List Price
$708,038
72
-17%
$50,928,866
-13%
$707,345
6%
218
-2%
50
-6%
3
0%
$777,836
10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Calabasas
July 2015
July 2016
%Change
Median Price $962,500
$915,000
-5%
31
-26%
$37,344,614
-22%
$1,204,665
6%
Properties Sold
42
Sales Volume $47,709,740
Average Sale Price
$1,135,946
Properties For Sale 197
Average Days on Market
68
Months Supply of Inventory 5
Average List Price
$1,606,000
151
-23%
72
6%
5
0%
$1,642,328
2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Chatsworth
July 2015
July 2016
%Change
Median Price $610,750
$549,000
-10%
Properties Sold
44
Sales Volume $29,440,893
Average Sale Price
$669,111
Properties For Sale 140
Average Days on Market
65
Months Supply of Inventory 3
Average List Price
$696,222
47
7%
$27,548,850
-6%
$586,146
-12%
134
-4%
61
-6%
3
0%
$758,238
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
July 2015
July 2016
%Change
Median Price $780,000
$980,000
26%
59
-22%
$77,351,828
-2%
$1,311,048
26%
211
-21%
64
8%
4
0%
$1,382,799
13%
Properties Sold
76
Sales Volume $79,063,665
Average Sale Price
$1,040,311
Properties For Sale 267
Average Days on Market
59
Months Supply of Inventory 4
Average List Price
$1,220,996
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Granada Hills
July 2015
July 2016
%Change
Median Price $555,000
$578,000
4%
Properties Sold
56
Sales Volume $32,402,850
Average Sale Price
$578,622
Properties For Sale 144
Average Days on Market
51
Months Supply of Inventory 3
Average List Price
$592,836
46
-18%
$29,189,267
-10%
$634,549
10%
123
-15%
52
2%
3
0%
$624,118
5%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Hidden Hills
July 2015
Median Price $3,260,000
Properties Sold
3
Sales Volume $10,347,000
Average Sale Price
$3,449,000
Properties For Sale 37
Average Days on Market
65
Months Supply of Inventory 12
Average List Price
$6,705,643
July 2016 $7,400,000 3
127% 0%
$24,270,000
135%
$8,090,000
135%
36
-3%
102
57%
12
0%
$8,746,000
30%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Lake Balboa
July 2015
July 2016
%Change
Median Price $479,000
$550,000
15%
30
15%
$531,713
6%
$531,713
6%
71
4%
41
-5%
2
-33%
$521,508
-1%
Properties Sold
26
Sales Volume $500,654
Average Sale Price
$500,654
Properties For Sale 68
Average Days on Market
43
Months Supply of Inventory 3
Average List Price
$527,273
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Mission Hills
July 2015
July 2016
%Change
Median Price $425,000
$485,000
14%
9
-47%
$4,080,110
-41%
$453,346
11%
23
-30%
26
-42%
3
50%
$453,050
-2%
Properties Sold
17
Sales Volume $6,936,600
Average Sale Price
$408,035
Properties For Sale 33
Average Days on Market
45
Months Supply of Inventory 2
Average List Price
$461,212
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
July 2015
July 2016
%Change
Median Price $465,500
$516,000
11%
32
14%
$15,692,500
29%
$490,391
13%
78
-16%
63
47%
2
-33%
Properties Sold
28
Sales Volume $12,176,239
Average Sale Price
$434,866
Properties For Sale 93
Average Days on Market
43
Months Supply of Inventory 3
Average List Price
$435,983
$460,144
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
6%
North Hollywood
July 2015
July 2016
%Change
Median Price $445,000
$485,250
9%
Properties Sold
61
Sales Volume $28,080,745
Average Sale Price
$460,340
Properties For Sale 156
Average Days on Market
58
Months Supply of Inventory 3
Average List Price
$471,319
50
-18%
$24,817,900
-12%
$496,358 136
-13%
60
3%
3
0%
$543,138
15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Northridge
July 2015
July 2016
%Change
Median Price $600,000
$684,250
14%
90
-30%
$62,175,175
-24%
Properties Sold
129
Sales Volume $81,939,998
Average Sale Price
$635,194
Properties For Sale 325
Average Days on Market
57
Months Supply of Inventory 3
Average List Price
$686,353
$690,835 244
-25%
57
0%
3
0%
$762,275
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Pacoima
July 2015
July 2016
%Change
Median Price $369,000
$385,000
4%
Properties Sold
23
Sales Volume $7,806,669
Average Sale Price
$339,420
Properties For Sale 81
Average Days on Market
46
Months Supply of Inventory 4
Average List Price
$343,618
16
-30%
$5,919,000
-24%
$369,938 44
-46%
35
-24%
3
-25%
$357,539
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
4%
Reseda
July 2015
July 2016
%Change
Median Price $420,000
$470,000
12%
55
20%
$24,496,476
32%
$445,390
11%
114
-25%
46
0%
2
-33%
Properties Sold
46
Sales Volume $18,521,386
Average Sale Price
$402,639
Properties For Sale 151
Average Days on Market
46
Months Supply of Inventory 3
Average List Price
$419,092
$455,878
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
San Fernando
July 2015
July 2016
%Change
Median Price $359,900
$419,500
17%
18
-5%
$7,291,989
6%
$405,111
12%
38
-19%
52
18%
2
0%
$443,641
19%
Properties Sold
19
Sales Volume $6,864,850
Average Sale Price
$361,308
Properties For Sale 47
Average Days on Market
44
Months Supply of Inventory 2
Average List Price
$373,236
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
July 2015
July 2016
%Change
Median Price $855,000
$785,000
-8%
Properties Sold
3
Sales Volume $3,737,000
Average Sale Price
$1,245,667
Properties For Sale 14
Average Days on Market
103
Months Supply of Inventory 5
Average List Price
$726,750
7
133%
$5,648,000
51%
$806,857
-35%
25
79%
100
-3%
4
-20%
$621,167
-15%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
July 2015
July 2016
%Change
Median Price $725,000
$915,000
26%
91
-13%
Properties Sold
104
Sales Volume $90,609,824
Average Sale Price
$871,248
Properties For Sale 287
Average Days on Market
52
Months Supply of Inventory 3
Average List Price
$950,056
$93,435,195
3%
$1,026,760
18%
288
0%
60
15%
3
0%
$1,136,023
20%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
July 2015
Median Price $1,093,000
Properties Sold
60
Sales Volume $74,454,935
Average Sale Price
$1,240,916
Properties For Sale 199
Average Days on Market
53
Months Supply of Inventory 3
Average List Price
$1,345,657
July 2016
%Change
$870,000
-20%
59
-2%
$66,545,900
-11%
$1,127,897
-9%
210
6%
55
4%
4
33%
$1,354,852
1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
July 2015
July 2016
%Change
Median Price $450,000
$499,000
11%
26
8%
$12,523,500
29%
$481,673
19%
49
-42%
39
-24%
2
-50%
Properties Sold
24
Sales Volume $9,726,000
Average Sale Price
$405,250
Properties For Sale 85
Average Days on Market
51
Months Supply of Inventory 4
Average List Price
$475,456
$516,266
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Sylmar
July 2015
July 2016
%Change
Median Price $392,500
$426,000
9%
Properties Sold
75
Sales Volume $28,997,107
Average Sale Price
$386,628
Properties For Sale 204
Average Days on Market
50
Months Supply of Inventory 3
Average List Price
$406,111
57
-24%
$23,602,950
-19%
$414,087 158
-23%
55
10%
3
0%
$412,202
1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
7%
Tarzana
July 2015
July 2016
%Change
Median Price $530,000
$672,500
27%
36
-22%
Properties Sold
46
Sales Volume $32,034,400
Average Sale Price
$696,400
Properties For Sale 194
Average Days on Market
65
Months Supply of Inventory 4
Average List Price
$904,018
$34,608,423
8%
$961,345
38%
163
-16%
67
3%
5
25%
$1,023,717
13%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
July 2015
July 2016
%Change
Median Price $587,944
$613,500
4%
Properties Sold
22
Sales Volume $16,529,853
Average Sale Price
$751,357
Properties For Sale 41
Average Days on Market
44
Months Supply of Inventory 2
Average List Price
$1,140,679
16
-27%
$15,189,500
-8%
$949,344
26%
43
5%
63
43%
3
50%
$835,738
-27%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
July 2015
July 2016
%Change
Median Price $650,000
$600,000
-8%
22
-12%
$13,908,582
-10%
Properties Sold
25
Sales Volume $15,508,900
Average Sale Price
$620,356
Properties For Sale 61
Average Days on Market
58
Months Supply of Inventory 2
Average List Price
$613,035
$632,208 51
-16%
46
-21%
2
0%
$699,936
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Valley Village
July 2015
July 2016
%Change
Median Price $497,500
$849,900
71%
31
94%
$24,776,873
139%
$799,254
23%
55
20%
53
15%
2
-33%
$956,571
31%
Properties Sold
16
Sales Volume $10,370,500
Average Sale Price
$648,156
Properties For Sale 46
Average Days on Market
46
Months Supply of Inventory 3
Average List Price
$728,203
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
July 2015
July 2016
%Change
Median Price $432,000
$454,000
5%
36
3%
$16,408,949
9%
$455,804
6%
Properties Sold
35
Sales Volume $15,038,000
Average Sale Price
$429,657
Properties For Sale 128
Average Days on Market
62
Months Supply of Inventory 4
Average List Price
$431,858
95
-26%
67
8%
3
-25%
$536,522
24%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
July 2015
July 2016
%Change
Median Price $582,500
$608,000
4%
54
17%
$34,307,110
15%
$635,317
-2%
131
-11%
45
-30%
2
-33%
Properties Sold
46
Sales Volume $29,706,000
Average Sale Price
$645,783
Properties For Sale 147
Average Days on Market
64
Months Supply of Inventory 3
Average List Price
$665,148
$665,673
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
Winnetka
July 2015
July 2016
%Change
Median Price $435,000
$480,000
10%
36
13%
$16,384,700
24%
$455,131
10%
87
-15%
36
-45%
2
-33%
Properties Sold
32
Sales Volume $13,249,650
Average Sale Price
$414,052
Properties For Sale 102
Average Days on Market
65
Months Supply of Inventory 3
Average List Price
$469,149
$470,300
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
Woodland Hills
July 2015
July 2016
%Change
Median Price $645,000
$699,000
8%
89
-7%
$66,630,353
4%
$748,656
12%
344
10%
48
-20%
4
33%
$773,420
2%
Properties Sold
96
Sales Volume $64,270,600
Average Sale Price
$669,485
Properties For Sale 313
Average Days on Market
60
Months Supply of Inventory 3
Average List Price
$754,840
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT