Local Market Report May 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
May 2015
May 2016
%Change
Median Price $405,000
$435,000
7%
19
0%
$8,389,000
9%
$441,526
9%
Properties Sold
19
Sales Volume $7,700,000
Average Sale Price
$405,263
Properties For Sale 29
Average Days on Market
33
Months Supply of Inventory 2
Average List Price
$395,719
20
-31%
66
100%
1
-50%
$426,955
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Bell Canyon
May 2015
Median Price $1,214,500
Properties Sold
8
Sales Volume $10,088,000
Average Sale Price
$1,261,000
Properties For Sale 27
Average Days on Market
122
Months Supply of Inventory 3
Average List Price
$1,994,700
May 2016
%Change
$885,000
-27%
1
-88%
$885,000
-91%
$885,000
-30%
27
0%
91
-25%
27
800%
$1,882,809
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
-6%
Burbank
May 2015
May 2016
%Change
Median Price $684,000
$691,500
1%
Properties Sold
60
Sales Volume $44,212,360
Average Sale Price
$736,873
Properties For Sale 137
Average Days on Market
49
Months Supply of Inventory 2
Average List Price
$833,550
44
-27%
$33,185,735
-25%
$754,221 123
-10%
52
6%
3
50%
$815,129
-2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Calabasas
May 2015
Median Price $1,325,000
Properties Sold
29
Sales Volume $60,518,550
Average Sale Price
$2,086,847
Properties For Sale 161
Average Days on Market
88
Months Supply of Inventory 6
Average List Price
$1,932,663
May 2016 $1,550,000
17%
25
-14%
$46,342,000
-23%
$1,853,680
-11%
124
-23%
70
-20%
5
-17%
$2,012,534
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
4%
Chatsworth
May 2015
May 2016
%Change
Median Price $600,000
$616,000
3%
Properties Sold
23
Sales Volume $14,672,190
Average Sale Price
$637,921
Properties For Sale 108
Average Days on Market
72
Months Supply of Inventory 5
Average List Price
$859,148
19
-17%
$11,908,915
-19%
$626,785
-2%
103
-5%
67
-7%
5
0%
$868,714
1%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Encino
May 2015
Median Price $1,250,000
Properties Sold
47
Sales Volume $66,183,600
Average Sale Price
$1,408,162
Properties For Sale 187
Average Days on Market
62
Months Supply of Inventory 4
Average List Price
62
May 2016 $1,327,313
6%
44
-6%
$68,981,875
4%
$1,567,770
11%
145
-22%
61
-2%
3
-25%
61
-2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Granada Hills
May 2015
May 2016
%Change
Median Price $515,000
$578,250
12%
46
18%
$27,652,900
26%
$601,150
7%
Properties Sold
39
Sales Volume $21,972,750
Average Sale Price
$563,404
Properties For Sale $112
Average Days on Market
44
Months Supply of Inventory 3
Average List Price
$629,969
88
-21%
35
-20%
2
-33%
$680,793
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Hidden Hills
May 2015
Median Price $2,087,866
Properties Sold
8
Sales Volume $19,814,731
Average Sale Price
$2,476,841
Properties For Sale 32
Average Days on Market
72
Months Supply of Inventory 4
Average List Price
$3,432,091
May 2016 $3,600,000
72%
1
-88%
$3,600,000
-82%
$3,600,000
45%
39
22%
42
-42%
39
875%
$6,424,328
87%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Lake Balboa
May 2015
May 2016
%Change
Median Price $485,000
$536,000
11%
14
-39%
$7,571,400
-34%
Properties Sold
23
Sales Volume $11,452,900
Average Sale Price
$497,952
Properties For Sale 52
Average Days on Market
51
Months Supply of Inventory 2
Average List Price
$512,634
$540,814 45
-13%
54
6%
3
50%
$584,035
14%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Mission Hills
May 2015
May 2016
%Change
Median Price $425,000
$450,000
6%
13
44%
$5,379,399
42%
$448,283
6%
Properties Sold
9
Sales Volume $3,795,990
Average Sale Price
$421,777
Properties For Sale 36
Average Days on Market
38
Months Supply of Inventory 4
Average List Price
$432,313
15
-58%
59
55%
1
-75%
$472,415
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
North Hills
May 2015
May 2016
%Change
Median Price $465,000
$480,000
3%
Properties Sold
24
Sales Volume $11,353,900
Average Sale Price
$473,079
Properties For Sale 47
Average Days on Market
42
Months Supply of Inventory 2
Average List Price
$482,028
19
-21%
$9,230,798
-19%
$485,831
3%
48
2%
43
2%
3
50%
$525,013
9%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
May 2015
May 2016
%Change
Median Price $468,750
$562,500
20%
34
-11%
$20,858,547
12%
$613,487
25%
85
-27%
64
33%
3
0%
$585,463
11%
Properties Sold
38
Sales Volume $18,636,111
Average Sale Price
$490,424
Properties For Sale 117
Average Days on Market
48
Months Supply of Inventory 3
Average List Price
$527,982
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
May 2015
May 2016
%Change
Median Price $647,500
$699,000
8%
65
8%
$47,879,450
22%
$736,607
12%
179
-28%
57
21%
3
-25%
$819,827
13%
Properties Sold
60
Sales Volume $39,341,338
Average Sale Price
$655,689
Properties For Sale 247
Average Days on Market
47
Months Supply of Inventory 4
Average List Price
$727,674
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
May 2015
May 2016
%Change
Median Price $345,000
$420,000
22%
$6,406,625
$6,142,000
-4%
Sales Volume $6,406,625
$6,142,000
-4%
$409,467
21%
29
-40%
45
-15%
2
-33%
Properties Sold
Average Sale Price
$337,191
Properties For Sale 48
Average Days on Market
53
Months Supply of Inventory 3
Average List Price
$364,128
$395,669
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Reseda
May 2015
May 2016
%Change
Median Price $429,000
$497,500
16%
34
26%
$21,348,666
52%
$435,687
12%
87
-22%
73
30%
2
-33%
Properties Sold
27
Sales Volume $14,032,000
Average Sale Price
$389,778
Properties For Sale 112
Average Days on Market
56
Months Supply of Inventory 3
Average List Price
$438,441
$440,447
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
0%
San Fernando
May 2015
May 2016
%Change
Median Price $385,500
$383,900
0%
Properties Sold
16
Sales Volume $5,681,000
Average Sale Price
$355,063
Properties For Sale 38
Average Days on Market
51
Months Supply of Inventory 2
Average List Price
$417,871
7
-56%
$2,811,425
-51%
$401,632
13%
23
-39%
30
-41%
3
50%
$428,225
2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Shadow Hills
May 2015
May 2016
%Change
Median Price $680,000
$610,000
-10%
1
-50%
$610,000
-55%
$610,000
-10%
13
-24%
26
-58%
13
44%
$712,880
-41%
Properties Sold
2
Sales Volume $1,360,000
Average Sale Price
$680,000
Properties For Sale 17
Average Days on Market
62
Months Supply of Inventory 9
Average List Price
$1,203,270
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sherman Oaks
May 2015
Median Price $972,500
Properties Sold
50
Sales Volume $63,853,389
Average Sale Price
$1,277,068
Properties For Sale 198
Average Days on Market
43
Months Supply of Inventory 4
Average List Price
$1,456,966
May 2016 $1,067,500
10%
52
4%
$65,112,625
2%
$1,252,166
-2%
192
-3%
52
21%
4
0%
$1,460,471
0%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Studio City
May 2015
Median Price $1,203,500
Properties Sold
28
Sales Volume $36,654,100
Average Sale Price
$1,309,075
Properties For Sale 122
Average Days on Market
64
Months Supply of Inventory 4
Average List Price
$1,822,074
May 2016 $1,535,000
28%
32
14%
$62,649,941
71%
$1,957,811
50%
108
-11%
48
-25%
3
-25%
$1,789,761
-2%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Sun Valley
May 2015
May 2016
%Change
Median Price $485,000
$452,500
-7%
18
29%
$8,962,000
17%
$497,889
-9%
44
-29%
51
-2%
2
-50%
$509,552
-2%
Properties Sold
14
Sales Volume $7,678,625
Average Sale Price
$548,473
Properties For Sale 62
Average Days on Market
52
Months Supply of Inventory 4
Average List Price
$520,524
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sylmar
May 2015
May 2016
%Change
Median Price $416,000
$485,000
17%
45
-8%
$22,042,950
6%
$489,843
15%
86
-20%
45
2%
2
0%
$484,151
6%
Properties Sold
49
Sales Volume $20,804,700
Average Sale Price
$424,586
Properties For Sale 107
Average Days on Market
44
Months Supply of Inventory 2
Average List Price
$456,685
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
May 2015
May 2016
%Change
Median Price $931,000
$916,000
-2%
26
37%
$28,529,320
44%
$1,097,282
6%
Properties Sold
19
Sales Volume $19,744,500
Average Sale Price
$1,039,184
Properties For Sale 122
Average Days on Market
91
Months Supply of Inventory 6
Average List Price
$1,230,497
106
-13%
73
-20%
4
-33%
$1,328,623
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Toluca Lake
May 2015
Median Price $1,000,000
Properties Sold
9
Sales Volume $12,123,000
Average Sale Price
$1,347,000
Properties For Sale 29
Average Days on Market
65
Months Supply of Inventory 3
Average List Price
$1,960,333
May 2016
%Change
$955,000
-5%
3
-67%
$3,880,000
-68%
$1,293,333
-4%
19
-34%
41
-37%
6
100%
$1,773,333
-10%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Glen
May 2015
May 2016
%Change
Median Price $633,500
$612,500
-3%
16
-11%
$10,027,200
-15%
$626,700
-4%
43
-12%
64
21%
3
0%
$672,780
3%
Properties Sold
18
Sales Volume $11,760,200
Average Sale Price
$653,344
Properties For Sale 49
Average Days on Market
53
Months Supply of Inventory 3
Average List Price
$650,722
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
May 2015
May 2016
%Change
Median Price $825,000
$890,000
8%
16
23%
$14,966,060
36%
$935,379
11%
51
50%
36
13%
3
0%
$935,379
11%
Properties Sold
13
Sales Volume $10,968,000
Average Sale Price
$843,692
Properties For Sale 34
Average Days on Market
32
Months Supply of Inventory 3
Average List Price
$843,692
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
May 2015
May 2016
%Change
Median Price $493,000
$540,000
10%
31
11%
$18,144,250
33%
$585,298
20%
70
-19%
62
7%
2
-33%
Properties Sold
28
Sales Volume $13,692,208
Average Sale Price
$489,007
Properties For Sale 86
Average Days on Market
58
Months Supply of Inventory 3
Average List Price
$521,827
$566,000
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
West Hills
May 2015
May 2016
%Change
Median Price $601,000
$610,000
1%
Properties Sold
63
Sales Volume $41,311,533
Average Sale Price
$655,739
Properties For Sale 138
Average Days on Market
54
Months Supply of Inventory 2
Average List Price
$646,360
35
-44%
$23,176,900
-44%
$662,197 107
-22%
52
-4%
3
50%
$791,661
22%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
1%
Winnetka
May 2015
May 2016
%Change
Median Price $451,700
$484,000
7%
22
-4%
$10,930,800
3%
$496,855
7%
Properties Sold
23
Sales Volume $10,652,700
Average Sale Price
$463,161
Properties For Sale 68
Average Days on Market
44
Months Supply of Inventory 3
Average List Price
$472,656
37
-46%
50
14%
2
-33%
$509,800
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
8%
Woodland Hills
May 2015
May 2016
%Change
Median Price $747,500
$740,000
-1%
66
-11%
$55,407,150
-9%
$839,502
2%
217
-9%
57
2%
3
0%
$1,022,844
15%
Properties Sold
74
Sales Volume $60,659,660
Average Sale Price
$819,725
Properties For Sale 238
Average Days on Market
56
Months Supply of Inventory 3
Average List Price
$892,795
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
RODEO REALTY MARKETING DEPARTMENT