Local Market Report November 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
Nov 2015
Nov 2016
%Change
Median Price $420,000
$415,000
-1%
23
35%
$8,425,550
25%
$366,328
-8%
31
-33%
26
-35%
1
-67%
$366,328
-8%
Properties Sold
17
Sales Volume $6,737,500
Average Sale Price
$396,324
Properties For Sale 46
Average Days on Market
40
Months Supply of Inventory 3
Average List Price
$396,324
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Bell Canyon
Nov 2015
Median Price $592,175
Nov 2016
%Change
$1,162,000
96%
2
-50%
$2,324,000
-20%
$1,162,000
61%
37
-12%
70
83
19%
Months Supply of Inventory 11
19
73%
$1,162,000
61%
Properties Sold
4
Sales Volume $2,887,850
Average Sale Price
$721,963
Properties For Sale 42
Average Days on Market
Average List Price
$721,963
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Burbank
Nov 2015
Nov 2016
%Change
Median Price $559,000
$625,000
12%
85
13%
$50,251,806
26%
$591,198
11%
482
14%
42
-25%
6
0%
$659,036
3%
Properties Sold
75
Sales Volume $40,008,044
Average Sale Price
$533,441
Properties For Sale 422
Average Days on Market
56
Months Supply of Inventory 6
Average List Price
$638,162
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Calabasas
Nov 2015
Nov 2016
%Change
Median Price $444,000
$785,000
77%
35
-22%
$33,294,824
20%
$951,281
55%
348
2%
57
-11%
10
25%
$1,239,832
32%
Properties Sold
45
Sales Volume $27,652,525
Average Sale Price
$614,501
Properties For Sale 342
Average Days on Market
64
Months Supply of Inventory 8
Average List Price
$940,174
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Chatsworth
Nov 2015
Nov 2016
%Change
Median Price $375,000
$469,000
25%
36
-23%
$23,272,145
19%
$646,448
56%
219
-13%
80
27%
6
20%
$559,816
17%
Properties Sold
47
Sales Volume $19,522,364
Average Sale Price
$415,369
Properties For Sale 253
Average Days on Market
63
Months Supply of Inventory 5
Average List Price
$479,865
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Encino
Nov 2015
Nov 2016
%Change
Median Price $500,000
$760,000
52%
61
-8%
$62,911,193
32%
$1,048,520
45%
846
4%
61
51
-16%
Months Supply of Inventory 12
14
17%
$1,204,336
22%
Properties Sold
66
Sales Volume $47,574,660
Average Sale Price
$720,828
Properties For Sale 816
Average Days on Market
Average List Price
$986,792
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Granada Hills
Nov 2015
Nov 2016
%Change
Median Price $483,750
$527,000
9%
49
11%
$24,172,500
25%
$493,316
12%
211
-12%
51
9%
4
-20%
$603,721
21%
Properties Sold
44
Sales Volume $19,388,309
Average Sale Price
$440,643
Properties For Sale 240
Average Days on Market
47
Months Supply of Inventory 5
Average List Price
$497,521
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Hidden Hills
Nov 2015
Median Price $3,480,000
Properties Sold
2
Sales Volume $6,960,000
Average Sale Price
$3,480,000
Properties For Sale 55
Average Days on Market
109
Months Supply of Inventory 28
Average List Price
$4,471,750
Nov 2016 $3,100,000
-11%
4
100%
$16,460,000
136%
$4,115,000
18%
53
-4%
148
36%
13
-54%
$3,688,333
-18%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
%Change
Lake Balboa
Nov 2015
Nov 2016
%Change
Median Price $517,500
$546,700
6%
Properties Sold
18
Sales Volume $7,326,350
Average Sale Price
$407,019
Properties For Sale 111
Average Days on Market
53
Months Supply of Inventory 6
Average List Price
$385,756
37
106%
$17,933,575
145%
$484,691
19%
107
-4%
45
-15%
3
-50%
$426,291
11%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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Mission Hills
Nov 2015
Nov 2016
%Change
Median Price $443,500
$452,500
2%
13
8%
$5,591,000
21%
$430,077
12%
41
-5%
50
-14%
3
-25%
$472,291
-25%
Properties Sold
12
Sales Volume $4,618,300
Average Sale Price
$384,858
Properties For Sale 43
Average Days on Market
58
Months Supply of Inventory 4
Average List Price
$628,799
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hills
Nov 2015
Nov 2016
%Change
Median Price $449,900
$504,000
12%
29
53%
$11,754,600
54%
$405,331
1%
Properties Sold
19
Sales Volume $7,628,620
Average Sale Price
$401,506
Properties For Sale 172
Average Days on Market
40
Months Supply of Inventory 9
Average List Price
$386,110
144
-16%
41
3%
5
-44%
$432,983
12%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
North Hollywood
Nov 2015
Nov 2016
%Change
Median Price $497,500
$500,000
1%
46
-4%
$22,852,250
-13%
$496,788
-9%
578
-6%
69
45
-35%
Months Supply of Inventory 13
13
0%
$620,490
20%
Properties Sold
48
Sales Volume $26,254,575
Average Sale Price
$546,970
Properties For Sale 617
Average Days on Market
Average List Price
$515,887
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Northridge
Nov 2015
Nov 2016
%Change
Median Price $482,000
$574,500
19%
95
30%
$51,831,994
67%
$551,404
30%
491
-6%
41
-23%
5
-29%
$610,180
25%
Properties Sold
73
Sales Volume $30,953,362
Average Sale Price
$424,019
Properties For Sale 520
Average Days on Market
53
Months Supply of Inventory 7
Average List Price
$487,291
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Pacoima
Nov 2015
Nov 2016
%Change
Median Price $323,250
$405,000
25%
28
75%
$13,870,050
192%
$495,359
67%
93
-14%
43
-45%
3
-57%
Properties Sold
16
Sales Volume $4,754,350
Average Sale Price
$297,147
Properties For Sale 108
Average Days on Market
78
Months Supply of Inventory 7
Average List Price
$380,698
$380,478
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
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0%
Reseda
Nov 2015
Nov 2016
%Change
Median Price $430,000
$470,000
9%
Properties Sold
47
Sales Volume $16,968,020
Average Sale Price
$361,022
Properties For Sale 239
Average Days on Market
54
Months Supply of Inventory 5
Average List Price
$391,076
36
-23%
$15,402,182
-9%
$440,062
22%
239
0%
43
-20%
7
40%
$541,775
39%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
San Fernando
Nov 2015
Nov 2016
%Change
Median Price $390,500
$399,000
2%
21
31%
$8,208,800
35%
$390,895
3%
Properties Sold
16
Sales Volume $6,075,000
Average Sale Price
$379,688
Properties For Sale 76
Average Days on Market
76
Months Supply of Inventory 5
Average List Price
$427,985
53
-30%
45
-41%
3
-40%
$465,528
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Shadow Hills
Nov 2015
Nov 2016
%Change
Median Price $450,000
$725,000
61%
7
40%
$4,690,000
181%
$670,000
101%
Properties Sold
5
Sales Volume $1,670,590
Average Sale Price
$334,118
Properties For Sale 46
Average Days on Market
43
Months Supply of Inventory 9
Average List Price
$918,617
46
0%
74
72%
7
-22%
$999,648
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
9%
Sherman Oaks
Nov 2015
Nov 2016
%Change
Median Price $450,000
$596,750
33%
114
33%
$82,944,654
71%
$740,577
30%
1352
3%
45
43
-4%
Months Supply of Inventory 15
12
-20%
$831,007
-2%
Properties Sold
86
Sales Volume $48,397,835
Average Sale Price
$569,386
Properties For Sale 1308
Average Days on Market
Average List Price
$846,802
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Studio City
Nov 2015
Nov 2016
%Change
Median Price $960,000
$779,500
-19%
64
10%
$58,709,683
-2%
$917,339
-11%
Properties Sold
58
Sales Volume $59,853,549
Average Sale Price
$1,031,958
Properties For Sale 820
837
2%
67
60
-10%
Months Supply of Inventory 14
13
-7%
$902,252
-28%
Average Days on Market
Average List Price
$1,252,135
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Sun Valley
Nov 2015
Nov 2016
%Change
Median Price $430,000
$435,250
1%
Properties Sold
17
Sales Volume $7,624,350
Average Sale Price
$448,491
Properties For Sale 134
Average Days on Market
51
Months Supply of Inventory 8
Average List Price
$382,290
14
-18%
$6,443,200
-15%
$460,229 112
-16%
43
-16%
8
0%
$556,683
46%
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
3%
Sylmar
Nov 2015
Nov 2016
%Change
Median Price $375,000
$452,500
21%
68
19%
$29,552,953
48%
$434,602
24%
231
-9%
58
2%
3
-25%
$458,797
15%
Properties Sold
57
Sales Volume $19,993,329
Average Sale Price
$350,760
Properties For Sale 253
Average Days on Market
57
Months Supply of Inventory 4
Average List Price
$400,026
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Tarzana
Nov 2015
Nov 2016
%Change
Median Price $482,500
$595,000
23%
379
-5%
$36,520,507
25%
$716,088
28%
379
-5%
37
-42%
7
-13%
$629,893
-13%
Properties Sold
401
Sales Volume $29,114,065
Average Sale Price
$559,886
Properties For Sale 401
Average Days on Market
64
Months Supply of Inventory 8
Average List Price
$725,308
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Toluca Lake
Nov 2015
Nov 2016
%Change
Median Price $627,250
$651,500
4%
18
29%
$17,823,695
127%
$990,205
77%
169
6%
49
-21%
9
-18%
Properties Sold
14
Sales Volume $7,840,200
Average Sale Price
$560,014
Properties For Sale 159
Average Days on Market
62
Months Supply of Inventory 11
Average List Price
$589,610
$599,714
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
2%
Valley Glen
Nov 2015
Nov 2016
%Change
Median Price $480,381
$656,718
37%
23
15%
$13,278,900
10%
$577,343
-4%
86
-9%
55
10%
4
-20%
$656,718
37%
Properties Sold
20
Sales Volume $12,052,500
Average Sale Price
$602,625
Properties For Sale 94
Average Days on Market
50
Months Supply of Inventory 5
Average List Price
$480,381
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Valley Village
Nov 2015
Nov 2016
%Change
Median Price $740,000
$839,661
13%
22
144%
$19,699,916
191%
$895,451
19%
272
6%
39
35
-10%
Months Supply of Inventory 29
12
-59%
$705,217
10%
Properties Sold
9
Sales Volume $6,761,700
Average Sale Price
$751,300
Properties For Sale 257
Average Days on Market
Average List Price
$643,498
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Van Nuys
Nov 2015
Nov 2016
%Change
Median Price $439,195
$448,500
2%
42
14%
$31,819,190
103%
$757,600
69%
395
7%
49
7%
9
-10%
$480,557
-24%
Properties Sold
37
Sales Volume $15,676,072
Average Sale Price
$447,888
Properties For Sale 370
Average Days on Market
46
Months Supply of Inventory 10
Average List Price
$635,712
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
West Hills
Nov 2015
Nov 2016
%Change
Median Price $507,600
$572,000
13%
50
-7%
$22,852,326
7%
$466,374
18%
224
-1%
45
-13%
4
0%
$542,014
9%
Properties Sold
54
Sales Volume $21,286,400
Average Sale Price
$394,193
Properties For Sale 227
Average Days on Market
52
Months Supply of Inventory 4
Average List Price
$495,575
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Winnetka
Nov 2015
Nov 2016
%Change
Median Price $375,000
$480,000
28%
33
-6%
$14,686,170
34%
$445,035
43%
150
-5%
43
-33%
5
0%
$638,109
69%
Properties Sold
35
Sales Volume $10,923,279
Average Sale Price
$312,094
Properties For Sale 158
Average Days on Market
64
Months Supply of Inventory 5
Average List Price
$376,774
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
Woodland Hills
Nov 2015
Nov 2016
%Change
Median Price $495,000
$516,250
4%
98
-7%
$47,232,475
-12%
$481,964
-5%
714
1%
43
-26%
7
0%
$544,861
5%
Properties Sold
105
Sales Volume $53,534,141
Average Sale Price
$509,849
Properties For Sale 710
Average Days on Market
58
Months Supply of Inventory 7
Average List Price
$519,291
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Rodeo Realty RodeoRE.com
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