San Fernando Valley Area RodeoRE.com Local Market Report April 2014 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.
Transcript
San Fernando Valley Area
RodeoRE.com
Local Market ReportApril 2014
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.
Arleta
Bell Canyon
Burbank
Calabasas
Chatsworth Encino
Granada Hills
Hidden Hills
Lake Balboa
Mission Hills
North Hills
North Hollywood
Northridge
Pacoima
Reseda
San Fernando Shadow Hills
Sherman Oaks
Studio City
Sun Valley
Sylmar
Tarzana
Toluca Lake
Valley Glen
Valley Village
Van Nuys
West Hills
Winnetka
Woodland Hills
Table of Contents
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Arleta
Apr. 2013 Apr. 2014 %Change
Median Price $325,000 $360,000 11
Properties Sold 17 15 -12
Sales Volume $5,560,000 $5,219,500 -6
Average Sale Price $327,059 $347,967 6
Properties For Sale 51 43 -16
Average Days on Market 45 46 2
Month’s Supply of Inventory 3.00 2.87 -4
Average List Price $317,229 $358,026 13
Rodeo RealtyR o d e o R E . c om
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Bell Canyon
Apr. 2013 Apr. 2014 %Change
Median Price $1,135,000 $964,000 -15
Properties Sold 3 6 100
Sales Volume $3,410,000 $5,843,000 71
Average Sale Price $1,136,667 $973,833 -14
Properties For Sale 26 25 -4
Average Days on Market 70 158 126
Month’s Supply of Inventory 8.67 4.17 -52
Average List Price $1,472,117 $1,353,643 -8
Rodeo RealtyR o d e o R E . c om
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Burbank
Apr. 2013 Apr. 2014 %Change
Median Price $600,000 $622,500 4
Properties Sold 44 54 23
Sales Volume $26,915,900 $37,739,222 40
Average Sale Price $611,725 $698,874 14
Properties For Sale 128 84 -34
Average Days on Market 43 46 7
Month’s Supply of Inventory 2.91 1.56 -46
Average List Price $679,272 $718,658 6
Rodeo RealtyR o d e o R E . c om
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Calabasas
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $1,179,500 $869,000 -26
Properties Sold 14 25 79
Sales Volume $17,296,000 $37,585,000 117
Average Sale Price $1,235,429 $1,503,400 22
Properties For Sale 117 115 -2
Average Days on Market 54 83 54
Month’s Supply of Inventory 8.36 4.60 -45
Average List Price $1,745,709 $1,776,328 2
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Chatsworth
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $572,500 $538,450 -6
Properties Sold 24 26 8
Sales Volume $14,361,900 $18,195,086 27
Average Sale Price $598,413 $699,811 17
Properties For Sale 68 68 0
Average Days on Market 56 70 25
Month’s Supply of Inventory 2.83 2.62 -7
Average List Price $830,840 $754,781 -9
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Encino
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $942,500 $970,000 3
Properties Sold 36 40 11
Sales Volume $45,542,260 $43,429,125 -5
Average Sale Price $1,265,063 $1,085,728 -14
Properties For Sale 144 146 1
Average Days on Market 77 42 -45
Month’s Supply of Inventory 4.00 3.65 -9
Average List Price $1,192,555 $1,396,962 17
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Granada Hills
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $425,000 $510,000 20
Properties Sold 37 40 8
Sales Volume $16,350,376 $21,041,350 29
Average Sale Price $441,902 $526,034 19
Properties For Sale 105 95 -10
Average Days on Market 41 50 22
Month’s Supply of Inventory 2.84 2.38 -16
Average List Price $514,121 $584,979 14
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Hidden Hills
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $2,268,750 $2,050,000 -10
Properties Sold 4 5 25
Sales Volume $9,337,500 $15,645,000 68
Average Sale Price 2,334,375 $3,129,000 34
Properties For Sale 34 28 -18
Average Days on Market 77 76 -1
Month’s Supply of Inventory 8.50 5.60 -34
Average List Price $5,924,389 $3,588,000 -39
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Lake Balboa
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $415,000 $470,000 13
Properties Sold 17 16 -6
Sales Volume $7,135,650 $7,462,150 5
Average Sale Price $419,744 $466,384 11
Properties For Sale 35 45 29
Average Days on Market 30 73 143
Month’s Supply of Inventory 2.06 2.81 36
Average List Price $447,994 $476,470 6
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Mission Hills
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $352,000 $400,000 14
Properties Sold 13 15 15
Sales Volume $4,499,000 $6,009,231 34
Average Sale Price $346,077 $400,615 16
Properties For Sale 24 24 0
Average Days on Market 46 38 -17
Month’s Supply of Inventory 1.85 1.60 -14
Average List Price $391,477 $408,562 4
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
North Hills
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $378,500 $430,000 14
Properties Sold 21 21 0
Sales Volume $8,040,400 $9,354,000 16
Average Sale Price $382,876 $445,429 16
Properties For Sale 47 49 4
Average Days on Market 35 64 83
Month’s Supply of Inventory 2.24 2.33 4
Average List Price $375,288 $455,455 21
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
North Hollywood
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $360,000 $447,500 24
Properties Sold 51 42 -18
Sales Volume $19,355,699 $19,771,875 2
Average Sale Price $379,524 $470,759 24
Properties For Sale 51 42 -18
Average Days on Market 54 53 -2
Month’s Supply of Inventory 1.96 2.40 22
Average List Price $412,955 $500,494 21
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Northridge
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $575,000 $614,500 7
Properties Sold 65 58 -11
Sales Volume $38,160,306 $36,614,213 -4
Average Sale Price $587,082 $631,280 8
Properties For Sale 160 202 26
Average Days on Market 38 52 37
Month’s Supply of Inventory 2.46 3.48 41
Average List Price $632,776 $690,760 9
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Pacoima
Apr. 2013 Apr. 2014 %Change
Median Price $282,000 $330,000 17
Properties Sold 18 13 -28
Sales Volume $4,856,000 $4,168,900 -14
Average Sale Price $269,778 $320,685 19
Properties For Sale 18 13 -28
Average Days on Market 23 41 78
Month’s Supply of Inventory 2.72 3.00 10
Average List Price $289,528 $331,948 15
Rodeo RealtyR o d e o R E . c om
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Reseda
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $364,000 $397,000 9
Properties Sold 25 30 20
Sales Volume $8,851,750 $11,816,199 33
Average Sale Price $354,070 $383,973 8
Properties For Sale 25 30 20
Average Days on Market 37 38 3
Month’s Supply of Inventory 2.32 2.90 25
Average List Price $371,495 $431,638 16
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
San Fernando
Apr. 2013 Apr. 2014 %Change
Median Price $303,750 $355,000 17
Properties Sold 10 13 30
Sales Volume $2,918,500 $4,736,500 62
Average Sale Price $291,850 $364,346 25
Properties For Sale 20 24 20
Average Days on Market 51 56 10
Month’s Supply of Inventory 2.00 1.85 -8
Average List Price $311,280 $340,907 10
Rodeo RealtyR o d e o R E . c om
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Shadow Hills
Apr. 2013 Apr. 2014 %Change
Median Price $835,000 $812,500 -3
Properties Sold 3 2 -33
Sales Volume $2,259,000 $1,625,000 -28
Average Sale Price $753,000 $812,500 8
Properties For Sale 13 15 15
Average Days on Market 168 52 -69
Month’s Supply of Inventory 4.33 7.50 73
Average List Price $901,778 $1,118,180 24
Rodeo RealtyR o d e o R E . c om
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Sherman Oaks
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $782,750 $929,500 19
Properties Sold 62 60 -3
Sales Volume $54,856,286 $63,549,359 16
Average Sale Price $884,779 $1,059,156 20
Properties For Sale 171 167 -2
Average Days on Market 50 54 8
Month’s Supply of Inventory 2.76 2.78 1
Average List Price $1,011,493 $1,151,797 14
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Studio City
Apr. 2013 Apr. 2014 %Change
Median Price $875,000 $1,270,000 45
Properties Sold 31 24 -23
Sales Volume $37,777,000 $32,446,000 -14
Average Sale Price $1,218,613 $1,351,917 11
Properties For Sale 87 115 32
Average Days on Market 54 61 13
Month’s Supply of Inventory 2.81 4.79 70
Average List Price $1,187,163 $1,417,254 19
Rodeo RealtyR o d e o R E . c om
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Sun Valley
Apr. 2013 Apr. 2014 %Change
Median Price $317,500 $382,000 20
Properties Sold 22 20 -9
Sales Volume $7,303,000 $7,770,500 6
Average Sale Price $331,955 $388,525 17
Properties For Sale 56 50 -11
Average Days on Market 33 83 152
Month’s Supply of Inventory 2.55 2.50 -2
Average List Price $366,143 $433,656 18
Rodeo RealtyR o d e o R E . c om
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Sylmar
Apr. 2013 Apr. 2014 %Change
Median Price $329,500 $385,000 17
Properties Sold 42 39 -7
Sales Volume $14,133,400 $15,578,850 10
Average Sale Price $336,510 $399,458 19
Properties For Sale 106 98 -8
Average Days on Market 47 43 -9
Month’s Supply of Inventory 2.52 2.51 0
Average List Price $376,867 $428,691 14
Rodeo RealtyR o d e o R E . c om
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Tarzana
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $723,000 $1,045,500 45
Properties Sold 27 30 11
Sales Volume $20,049,026 $32,126,500 60
Average Sale Price $742,557 $1,070,833 44
Properties For Sale 104 92 -12
Average Days on Market 49 76 55
Month’s Supply of Inventory 3.85 3.07 -20
Average List Price $1,019,591 $1,203,742 18
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Toluca Lake
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $1,187,500 $1,271,500 7
Properties Sold 10 8 -20
Sales Volume $14,280,000 $11,218,000 -21
Average Sale Price $1,428,000 $1,402,250 -2
Properties For Sale 22 13 -41
Average Days on Market 53 76 43
Month’s Supply of Inventory 2.20 1.63 -26
Average List Price $1,593,492 $1,430,750 -10
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Valley Glen
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $565,000 $600,000 6
Properties Sold 11 15 36
Sales Volume $6,015,000 $8,930,900 48
Average Sale Price $546,818 $595,393 9
Properties For Sale 31 31 0
Average Days on Market 24 30 25
Month’s Supply of Inventory 2.82 2.07 -27
Average List Price $638,616 $740,967 16
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Valley Village
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $573,000 $675,000 18
Properties Sold 7 10 43
Sales Volume $4,203,000 $7,232,000 72
Average Sale Price $600,429 $723,200 20
Properties For Sale 33 32 -3
Average Days on Market 28 57 104
Month’s Supply of Inventory 4.71 3.20 -32
Average List Price $795,555 $750,743 -6
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Van Nuys
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $375,000 $450,000 20
Properties Sold 31 21 -32
Sales Volume $11,549,500 $9,911,500 -14
Average Sale Price $372,565 $471,976 27
Properties For Sale 75 69 -8
Average Days on Market 65 36 -45
Month’s Supply of Inventory 2.42 3.29 36
Average List Price $403,688 $440,161 9
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
West Hills
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $499,000 $540,000 8
Properties Sold 57 47 -18
Sales Volume $31,676,418 $28,054,548 -11
Average Sale Price $555,727 $596,905 7
Properties For Sale 113 99 -12
Average Days on Market 51 43 -16
Month’s Supply of Inventory 1.98 2.11 7
Average List Price $613,451 $604,260 -1
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Winnetka
Apr. 2013 Apr. 2014 %Change
Median Price $397,250 $420,000 6
Properties Sold 24 31 29
Sales Volume $9,712,900 $13,132,000 35
Average Sale Price $404,704 $423,613 5
Properties For Sale 60 78 30
Average Days on Market 29 53 83
Month’s Supply of Inventory 2.50 2.52 1
Average List Price $416,964 $458,507 10
Rodeo RealtyR o d e o R E . c om
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Woodland Hills
Rodeo RealtyR o d e o R E . c om
Apr. 2013 Apr. 2014 %Change
Median Price $640,000 $700,000 9
Properties Sold 91 63 -31
Sales Volume $63,130,160 $48,183,450 -24
Average Sale Price $693,738 $764,817 10
Properties For Sale 195 216 11
Average Days on Market 66 58 -12
Month’s Supply of Inventory 2.14 3.43 60
Average List Price $761,124 $795,080 4
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
