San Fernando Valley Area

RodeoRE.com

Local Market ReportFebruary 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

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22 23

24 25 26 27 28 29

30

31

32

Arleta

Feb. 2013 Feb. 2014 %Change

Median Price $299,000 $325,000 9

Properties Sold 20 17 -15

Sales Volume $6,055,900 $5,612,400 -7

Average Sale Price $302,795 $330,141 9

Properties For Sale 41 36 -12

Average Days on Market 54 48 -11

Month’s Supply of Inventory 2.05 2.12 3

Average List Price $324,735 $342,348 5

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

Feb. 2013 Feb. 2014 %Change

Median Price $861,500 $970,000 13

Properties Sold 4 3 -25

Sales Volume $3,783,000 $2,995,000 -22

Average Sale Price $945,750 $985,000 4

Properties For Sale 20 25 25

Average Days on Market 279 47 -83

Month’s Supply of Inventory 5.00 8.33 67

Average List Price $1,412,250 $1,632,625 16

Rodeo RealtyR o d e o R E . c om

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Burbank

Feb. 2013 Feb. 2014 %Change

Median Price $527,750 $638,000 21

Properties Sold 44 39 -11

Sales Volume $23,409,526 $26,705,700 14

Average Sale Price $532,035 $684,762 29

Properties For Sale 110 104 -5

Average Days on Market 51 52 2

Month’s Supply of Inventory 2.50 2.67 7

Average List Price $726,192 $770,851 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

Feb. 2013 Feb. 2014 %Change

Median Price $1,195,000 $940,000 -21

Properties Sold 17 13 -24

Sales Volume $22,522,888 $14,721,275 -35

Average Sale Price $1,324,876 $1,132,406 -15

Properties For Sale 73 88 21

Average Days on Market 126 74 -41

Month’s Supply of Inventory 4.29 6.77 58

Average List Price $1,646,161 $1,495,842 -9

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Chatsworth

Rodeo RealtyR o d e o R E . c om

Feb. 2013 Feb. 2014 %Change

Median Price $430,000 $530,000 23

Properties Sold 18 23 28

Sales Volume $8,718,500 $14,701,000 69

Average Sale Price $484,361 $639,174 32

Properties For Sale 65 73 12

Average Days on Market 56 62 11

Month’s Supply of Inventory 3.61 3.17 -12

Average List Price $570,979 $632,703 11

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Encino

Rodeo RealtyR o d e o R E . c om

Feb. 2013 Feb. 2014 %Change

Median Price $935,000 $1,422,500 52

Properties Sold 26 20 -23

Sales Volume $26,990,365 $27,643,016 2

Average Sale Price $1,038,091 $1,382,151 33

Properties For Sale 116 100 -14

Average Days on Market 103 81 -21

Month’s Supply of Inventory 4.46 5.00 12

Average List Price $1,267,767 $1,376,757 9

*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

Feb. 2013 Feb. 2014 %Change

Median Price $415,000 $515,000 24

Properties Sold 41 20 -51

Sales Volume $19,065,867 $10,885,949 -43

Average Sale Price $465,021 $544,297 17

Properties For Sale 98 88 -10

Average Days on Market 50 45 -10

Month’s Supply of Inventory 2.39 4.40 84

Average List Price $495,738 $577,669 17

*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

Feb. 2013 Feb. 2014 %Change

Median Price $2,175,000 $2,450,000 13

Properties Sold 3 3 0

Sales Volume $7,400,000 $6,900,000 -7

Average Sale Price $2,466,667 $2,300,000 -7

Properties For Sale 37 24 -35

Average Days on Market 100 186 86

Month’s Supply of Inventory 12.33 8.00 -35

Average List Price $2,622,363 $3,621,695 38

*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

Feb. 2013 Feb. 2014 %Change

Median Price $409,975 $429,500 5

Properties Sold 8 10 25

Sales Volume $3,392,950 $4,764,388 40

Average Sale Price $424,119 $476,439 12

Properties For Sale 26 26 0

Average Days on Market 64 51 -20

Month’s Supply of Inventory 3.25 2.60 -20

Average List Price $366,820 $471,249 28

*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

Feb. 2013 Feb. 2014 %Change

Median Price $315,000 $327,850 4

Properties Sold 13 8 -38

Sales Volume $4,077,133 $2,796,700 -31

Average Sale Price $313,626 $349,588 11

Properties For Sale 24 23 -4

Average Days on Market 66 22 -67

Month’s Supply of Inventory 1.85 2.88 56

Average List Price $358,481 $376,050 17

*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

Feb. 2013 Feb. 2014 %Change

Median Price $383,000 $405,000 6

Properties Sold 21 17 -19

Sales Volume $7,983,500 $7,032,000 -12

Average Sale Price $380,167 $413,647 9

Properties For Sale 39 36 -8

Average Days on Market 50 56 12

Month’s Supply of Inventory 1.86 2.12 14

Average List Price $388,220 $446,314 15

*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

Feb. 2013 Feb. 2014 %Change

Median Price $357,500 $435,000 22

Properties Sold 28 31 11

Sales Volume $10,632,200 $14,025,400 32

Average Sale Price $379,721 $452,432 19

Properties For Sale 114 104 -9

Average Days on Market 70 47 -33

Month’s Supply of Inventory 4.07 3.35 -18

Average List Price $394,926 $465,837 18

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Northridge

Rodeo RealtyR o d e o R E . c om

Feb. 2013 Feb. 2014 %Change

Median Price $471,000 $573,500 22

Properties Sold 49 30 -39

Sales Volume $25,243,036 $18,310,500 -27

Average Sale Price $515,164 $610,350 18

Properties For Sale 144 147 2

Average Days on Market 60 86 43

Month’s Supply of Inventory 2.94 4.90 67

Average List Price $608,711 $691,329 14

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Pacoima

Feb. 2013 Feb. 2014 %Change

Median Price $254,500 $325,000 28

Properties Sold 24 11 -54

Sales Volume $6,196,449 $3,333,900 -46

Average Sale Price $258,185 $303,082 17

Properties For Sale 47 38 -19

Average Days on Market 58 58 0

Month’s Supply of Inventory 1.96 3.45 76

Average List Price $268,981 $329,969 23

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

Feb. 2013 Feb. 2014 %Change

Median Price $327,500 $413,500 26

Properties Sold 26 30 15

Sales Volume $8,893,896 $12,695,850 43

Average Sale Price $342,073 $423,228 24

Properties For Sale 65 73 12

Average Days on Market 82 94 15

Month’s Supply of Inventory 2.50 2.43 -3

Average List Price $371,571 $422,501 14

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

San Fernando

Feb. 2013 Feb. 2014 %Change

Median Price $320,000 $302,000 -6

Properties Sold 9 9 0

Sales Volume $2,675,000 $2,856,000 7

Average Sale Price $297,222 $317,333 7

Properties For Sale 26 21 -19

Average Days on Market 32 43 34

Month’s Supply of Inventory 2.89 2.33 -19

Average List Price $298,107 $370,760 24

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

Feb. 2013 Feb. 2014 %Change

Median Price 365,600 372,500 2

Properties Sold 2 2 0

Sales Volume 731,000 745,000 2

Average Sale Price 365,500 372,500 2

Properties For Sale 8 5 -38

Average Days on Market 18 43 139

Month’s Supply of Inventory 4.00 2.50 -38

Average List Price $464,667 $537,500 16

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

Feb. 2013 Feb. 2014 %Change

Median Price $480,000 $945,000 97

Properties Sold 2 1 -50

Sales Volume $960,000 $945,000 -2

Average Sale Price $480,000 $945,000 97

Properties For Sale 9 7 -22

Average Days on Market 13 2 -85

Month’s Supply of Inventory 4.50 7.00 56

Average List Price $699,999 $799,296 14

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

Feb. 2013 Feb. 2014 %Change

Median Price $701,000 $925,000 32

Properties Sold 33 38 15

Sales Volume $25,878,900 $39,773,500 54

Average Sale Price $784,209 $1,046,671 33

Properties For Sale 141 139 -1

Average Days on Market 63 59 -6

Month’s Supply of Inventory 4.27 3.66 -14

Average List Price $889,851 $1,049,158 18

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Studio City

Feb. 2013 Feb. 2014 %Change

Median Price $910,550 $1,085,000 19

Properties Sold 16 14 -13

Sales Volume $15,528,800 $16,307,000 5

Average Sale Price $970,550 $1,164,786 20

Properties For Sale 88 90 2

Average Days on Market 43 50 16

Month’s Supply of Inventory 5.50 6.43 17

Average List Price $1,313,998 $1,644,891 25

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

Feb. 2013 Feb. 2014 %Change

Median Price $320,000 $440,000 38

Properties Sold 23 9 -61

Sales Volume $7,846,964 $4,125,000 -47

Average Sale Price $341,172 $458,333 34

Properties For Sale 58 42 -28

Average Days on Market 52 39 -25

Month’s Supply of Inventory 2.52 4.67 85

Average List Price $343,851 $468,938 36

Rodeo RealtyR o d e o R E . c om

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Sylmar

Feb. 2013 Feb. 2014 %Change

Median Price $335,000 $364,500 9

Properties Sold 27 36 33

Sales Volume $8,683,250 $13,539,999 56

Average Sale Price $321,602 $376,111 17

Properties For Sale 111 95 -14

Average Days on Market 76 75 -1

Month’s Supply of Inventory 4.11 2.64 -36

Average List Price $310,752 $413,554 33

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

Feb. 2013 Feb. 2014 %Change

Median Price $792,500 $705,000 -11

Properties Sold 14 16 14

Sales Volume $12,480,299 $13,122,900 5

Average Sale Price $891,450 $820,181 -8

Properties For Sale 100 81 -19

Average Days on Market 88 65 -26

Month’s Supply of Inventory 7.14 5.06 -29

Average List Price $971,775 $995,316 2

*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

Feb. 2013 Feb. 2014 %Change

Median Price $1,720,000 $739,500 -57

Properties Sold 3 4 33

Sales Volume $4,660,000 $3,191,800 -32

Average Sale Price $1,553,333 $797,950 -49

Properties For Sale 20 16 -20

Average Days on Market 122 42 -66

Month’s Supply of Inventory 6.67 4.00 -40

Average List Price $1,821,767 $1,445,000 -21

*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

Feb. 2013 Feb. 2014 %Change

Median Price $413,500 $594,950 44

Properties Sold 6 6 0

Sales Volume $2,806,000 $3,779,900 35

Average Sale Price $467,667 $629,983 35

Properties For Sale 33 32 -3

Average Days on Market 52 74 42

Month’s Supply of Inventory 5.50 5.33 -3

Average List Price $501,428 $658,031 31

*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

Feb. 2013 Feb. 2014 %Change

Median Price $750,000 $659,750 -12

Properties Sold 10 6 -40

Sales Volume $7,966,250 $4,424,500 -44

Average Sale Price $796,625 $737,417 -7

Properties For Sale 25 21 -16

Average Days on Market 69 121 75

Month’s Supply of Inventory 2.50 3.50 40

Average List Price $681,137 $897,273 32

*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

Feb. 2013 Feb. 2014 %Change

Median Price $355,000 $397,000 12

Properties Sold 29 16 -45

Sales Volume $10,461,900 $6,679,500 -36

Average Sale Price $360,755 $417,469 16

Properties For Sale 82 71 -13

Average Days on Market 52 36 -31

Month’s Supply of Inventory 2.83 4.44 57

Average List Price $385,281 $459,274 19

*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

Feb. 2013 Feb. 2014 %Change

Median Price $455,000 $549,000 21

Properties Sold 33 25 -24

Sales Volume $15,945,514 $15,513,850 -3

Average Sale Price $483,197 $620,546 28

Properties For Sale 118 89 -25

Average Days on Market 49 73 49

Month’s Supply of Inventory 3.58 3.56 -1

Average List Price $557,904 $663,564 19

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

Winnetka

Feb. 2013 Feb. 2014 %Change

Median Price $383,000 $415,000 8

Properties Sold 19 18 -5

Sales Volume $6,799,800 $7,217,800 6

Average Sale Price $357,884 $400,989 12

Properties For Sale 53 57 8

Average Days on Market 42 61 45

Month’s Supply of Inventory 2.79 3.17 14

Average List Price $374,174 $440,274 18

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

Feb. 2013 Feb. 2014 %Change

Median Price $562,500 $656,000 17

Properties Sold 58 36 -38

Sales Volume $34,934,100 $23,731,050 -32

Average Sale Price $602,312 $659,196 9

Properties For Sale 182 172 -5

Average Days on Market 70 57 -19

Month’s Supply of Inventory 3.14 4.78 52

Average List Price $684,917 $816,395 19

*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.

RODEO REALTY MARKETING DEPARTMENT