San Fernando Valley Area
RodeoRE.com
Local Market ReportJanuary 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
Santa Clarita
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
Rodeo RealtyR o d e o R E . c om
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Arleta
Jan. 2013 Jan. 2014 %Change
Median Price $270,000 $315,000 17
Properties Sold 13 7 -46
Sales Volume $3,536,418 $2,272,749 -36
Average Sale Price $272,032 $324,678 19
Properties For Sale 47 36 -23
Average Days on Market 44 55 25
Month’s Supply of Inventory 3.62 5.14 42
Average List Price $303,873 $330,893 9
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
Jan. 2013 Jan. 2014 %Change
Median Price $775,000 $0 -100
Properties Sold 3 0 -100
Sales Volume $2,169,000 $0 -100
Average Sale Price $723,000 $0 -100
Properties For Sale 24 21 -13
Average Days on Market 142 0 -100
Month’s Supply of Inventory 8.00 0.00 -100
Average List Price $1,402,390 $1,670,375 19
Rodeo RealtyR o d e o R E . c om
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Burbank
Jan. 2013 Jan. 2014 %Change
Median Price $521,750 $630,000 21
Properties Sold 32 49 53
Sales Volume $18,218,474 $31,035,358 70
Average Sale Price $569,327 $633,375 11
Properties For Sale 102 103 1
Average Days on Market 56 47 -16
Month’s Supply of Inventory 3.19 2.10 -34
Average List Price $623,169 $735,208 18
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
Jan. 2013 Jan. 2014 %Change
Median Price $889,500 $1,330,500 50
Properties Sold 28 12 -57
Sales Volume $29,873,925 $18,448,000 -38
Average Sale Price $1,066,926 $1,537,333 44
Properties For Sale 76 77 1
Average Days on Market 75 114 52
Month’s Supply of Inventory 2.71 6.42 137
Average List Price $1,805,023 $1,696,912 -6
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Chatsworth
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $455,000 $457,500 1
Properties Sold 21 18 -14
Sales Volume $9,475,400 $11,343,000 20
Average Sale Price $451,210 $630,167 40
Properties For Sale 59 60 2
Average Days on Market 51 81 59
Month’s Supply of Inventory 2.81 3.33 19
Average List Price $677,353 $730,332 8
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Encino
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $690,000 $869,750 26
Properties Sold 26 32 23
Sales Volume $20,388,500 $35,513,000 74
Average Sale Price $784,173 $1,109,781 42
Properties For Sale 107 97 -9
Average Days on Market 61 67 10
Month’s Supply of Inventory 4.12 3.03 26
Average List Price $1,163,491 $1,189,340 2
*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
Jan. 2013 Jan. 2014 %Change
Median Price $385,000 $450,000 17
Properties Sold 33 33 0
Sales Volume $14,735,500 $16,881,000 15
Average Sale Price $446,530 $511,545 15
Properties For Sale 99 73 -26
Average Days on Market 57 55 -4
Month’s Supply of Inventory 3.00 2.21 -26
Average List Price $461,228 $593,399 29
*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
Jan. 2013 Jan. 2014 %Change
Median Price $2,250,000 $3,262,500 45
Properties Sold 2 2 0
Sales Volume $4,500,000 $6,525,000 45
Average Sale Price $2,250,000 $3,262,500 45
Properties For Sale 29 21 -28
Average Days on Market 41 103 151
Month’s Supply of Inventory 14.50 10.50 -28
Average List Price $3,249,923 $4,099,375 26
*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
Jan. 2013 Jan. 2014 %Change
Median Price $395,000 $480,000 22
Properties Sold 11 9 -18
Sales Volume $4,120,000 $4,440,900 8
Average Sale Price $374,545 $493,433 32
Properties For Sale 38 26 -32
Average Days on Market 35 34 -3
Month’s Supply of Inventory 3.45 2.89 -16
Average List Price $387,919 $461,068 19
*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
Jan. 2013 Jan. 2014 %Change
Median Price $315,250 $374,750 19
Properties Sold 10 6 -40
Sales Volume $3,137,240 $2,306,500 -26
Average Sale Price $313,724 $384,417 23
Properties For Sale 26 14 -46
Average Days on Market 49 27 -45
Month’s Supply of Inventory 2.60 2.33 -10
Average List Price $324,277 $376,050 16
*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
Jan. 2013 Jan. 2014 %Change
Median Price $364,000 $416,000 14
Properties Sold 19 15 -21
Sales Volume $6,754,500 $6,153,400 -9
Average Sale Price $355,500 $410,227 15
Properties For Sale 42 38 -10
Average Days on Market 51 57 12
Month’s Supply of Inventory 2.21 2.53 14
Average List Price $382,895 $421,014 10
*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
Jan. 2013 Jan. 2014 %Change
Median Price $342,000 $380,000 11
Properties Sold 26 27 4
Sales Volume $9,166,660 $11,270,018 23
Average Sale Price $352,562 $417,408 18
Properties For Sale 112 105 -6
Average Days on Market 62 52 -16
Month’s Supply of Inventory 4.31 3.89 -10
Average List Price $386,452 $487,287 26
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Northridge
Rodeo RealtyR o d e o R E . c om
Jan. 2013 Jan. 2014 %Change
Median Price $500,000 $532,500 7
Properties Sold 55 36 -35
Sales Volume $29,192,175 $21,633,450 -26
Average Sale Price $529,621 $600,929 13
Properties For Sale 139 126 -9
Average Days on Market 54 66 22
Month’s Supply of Inventory 2.53 3.50 38
Average List Price $531,144 $678,248 28
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Pacoima
Jan. 2013 Jan. 2014 %Change
Median Price $247,500 $302,500 22
Properties Sold 16 18 13
Sales Volume $4,025,600 $5,613,000 39
Average Sale Price $251,600 $311,833 24
Properties For Sale 55 37 -33
Average Days on Market 35 29 -17
Month’s Supply of Inventory 3.44 2.06 -40
Average List Price $276,861 $317,747 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
Jan. 2013 Jan. 2014 %Change
Median Price $330,000 $385,000 17
Properties Sold 27 23 -15
Sales Volume $9,380,400 $8,851,000 -6
Average Sale Price $347,422 $384,826 11
Properties For Sale 63 68 8
Average Days on Market 54 43 -20
Month’s Supply of Inventory 2.33 2.96 27
Average List Price $342,040 $451,325 32
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
San Fernando
Jan. 2013 Jan. 2014 %Change
Median Price $284,000 $310,000 9
Properties Sold 14 11 -21
Sales Volume $4,101,900 $3,516,950 -14
Average Sale Price $292,993 $319,723 9
Properties For Sale 25 27 8
Average Days on Market 34 27 -21
Month’s Supply of Inventory 1.79 2.45 37
Average List Price $276,078 $350,559 27
Rodeo RealtyR o d e o R E . c om
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Santa Clarita
Jan. 2013 Jan. 2014 %Change
Median Price n/a n/a n/a
Properties Sold n/a n/a n/a
Sales Volume $0 $0 0
Average Sale Price n/a n/a 0
Properties For Sale n/a n/a n/a
Average Days on Market n/a n/a n/a
Month’s Supply of Inventory 4.00 0.0 -100
Average List Price $359,500 $84,500 -76
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
Jan. 2013 Jan. 2014 %Change
Median Price $604,000 $1,025,000 70
Properties Sold 1 3 200
Sales Volume $604,000 $2,975,000 393
Average Sale Price $604,000 $991,667 64
Properties For Sale 12 5 -58
Average Days on Market 39 80 105
Month’s Supply of Inventory 12.00 1.67 -86
Average List Price $509,500 $533,000 5
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
Jan. 2013 Jan. 2014 %Change
Median Price $783,500 $1,032,500 32
Properties Sold 31 40 29
Sales Volume $26,820,450 $42,386,575 58
Average Sale Price $865,176 $1,059,664 22
Properties For Sale 128 128 0
Average Days on Market 72 99 38
Month’s Supply of Inventory 4.13 3.20 -23
Average List Price $1,004,690 $1,182,690 18
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Studio City
Jan. 2013 Jan. 2014 %Change
Median Price $745,000 $1,122,000 51
Properties Sold 22 21 -5
Sales Volume $19,286,500 $24,827,650 29
Average Sale Price $876,659 $1,182,269 35
Properties For Sale 83 84 1
Average Days on Market 74 54 -27
Month’s Supply of Inventory 3.77 4.00 6
Average List Price $1,418,395 $1,416,800 0
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
Jan. 2013 Jan. 2014 %Change
Median Price $290,000 $350,000 21
Properties Sold 15 20 -20
Sales Volume $4,751,000 $4,868,500 2
Average Sale Price $316,733 $405,708 28
Properties For Sale 59 34 -42
Average Days on Market 34 82 141
Month’s Supply of Inventory 3.93 2.83 -28
Average List Price $341,477 $402,347 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
Jan. 2013 Jan. 2014 %Change
Median Price $325,000 $375,000 15
Properties Sold 29 47 62
Sales Volume $9,181,400 $18,106,000 97
Average Sale Price $316,600 $385,234 22
Properties For Sale 127 77 -39
Average Days on Market 88 48 -45
Month’s Supply of Inventory 4.38 1.64 -63
Average List Price $335,824 $387,752 15
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
Jan. 2013 Jan. 2014 %Change
Median Price $791,000 $867,125 10
Properties Sold 18 20 11
Sales Volume $15,474,000 $19,069,250 23
Average Sale Price $859,667 $953,463 11
Properties For Sale 92 97 -16
Average Days on Market 89 72 -19
Month’s Supply of Inventory 5.11 3.85 -25
Average List Price $1,012,487 $1,177,532 16
*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
Jan. 2013 Jan. 2014 %Change
Median Price $1,562,000 $1,147,500 -27
Properties Sold 12 6 -50
Sales Volume $18,656,134 $9,095,340 -51
Average Sale Price $1,554,678 $1,515,890 -2
Properties For Sale 22 18 -18
Average Days on Market 118 79 -33
Month’s Supply of Inventory 1.83 3.00 64
Average List Price $1,801,981 $1,473,251 -18
*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
Jan. 2013 Jan. 2014 %Change
Median Price $511,500 $563,500 10
Properties Sold 13 10 -23
Sales Volume $6,885,750 $5,728,000 -17
Average Sale Price $529,673 $572,800 8
Properties For Sale 32 21 -34
Average Days on Market 39 95 144
Month’s Supply of Inventory 2.46 2.10 -15
Average List Price $506,731 $704,733 39
*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
Jan. 2013 Jan. 2014 %Change
Median Price $612,500 $751,000 23
Properties Sold 8 12 50
Sales Volume $4,918,000 $9,716,055 98
Average Sale Price $614,750 $809,671 32
Properties For Sale 34 27 -21
Average Days on Market 85 71 -16
Month’s Supply of Inventory 4.25 2.25 -47
Average List Price $743,106 $752,112 1
*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
Jan. 2013 Jan. 2014 %Change
Median Price $350,000 $429,500 23
Properties Sold 25 24 -4
Sales Volume $8,652,900 $9,627,400 11
Average Sale Price $346,116 $401,142 16
Properties For Sale 86 58 -33
Average Days on Market 73 63 -14
Month’s Supply of Inventory 3.44 2.42 -30
Average List Price $382,105 $468,919 23
*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
Jan. 2013 Jan. 2014 %Change
Median Price $491,500 $520,000 6
Properties Sold 27 27 0
Sales Volume $14,031,090 $15,701,000 12
Average Sale Price $519,670 $581,519 12
Properties For Sale 103 90 -13
Average Days on Market 63 60 -5
Month’s Supply of Inventory 3.81 3.33 -13
Average List Price $537,612 $675,532 26
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Winnetka
Jan. 2013 Jan. 2014 %Change
Median Price $350,000 $397,500 14
Properties Sold 19 18 -5
Sales Volume $6,670,650 $7,414,500 11
Average Sale Price $351,087 $411,917 17
Properties For Sale 53 50 -6
Average Days on Market 81 56 -31
Month’s Supply of Inventory 2.79 2.78 0
Average List Price $361,367 $445,089 23
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
Jan. 2013 Jan. 2014 %Change
Median Price $570,000 $669,500 17
Properties Sold 53 42 -40
Sales Volume $34,656,300 $22,651,565 -35
Average Sale Price $653,892 $707,861 8
Properties For Sale 176 158 -10
Average Days on Market 54 56 4
Month’s Supply of Inventory 3.32 4.94 49
Average List Price $697,164 $777,607 12
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
RODEO REALTY MARKETING DEPARTMENT