san fernando valley real estate market report september 2013
DESCRIPTION
Provides local real estate market statistics for the San Fernando valley area of Los Angeles.TRANSCRIPT
San Fernando Valley Area
RodeoRE.com
Local Market ReportSeptember 2013
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
Sept. 2012 Sept. 2013 %Change
Median Price $270,000 $325,000 20
Properties Sold 19 17 -11
Sales Volume $5,152,400 $5,520,000 7
Average Sale Price $271,179 $324,706 20
Properties For Sale 62 33 -47
Average Days on Market 32 34 6
Month’s Supply of Inventory 3.26 1.94 -40
Average List Price $286,025 $348,725 22
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
Sept. 2012 Sept. 2013 %Change
Median Price $1,172,500 $1,300,000 11
Properties Sold 2 3 50
Sales Volume $2,345,000 $3,510,000 50
Average Sale Price $1,172,500 $1,170,000 0
Properties For Sale 25 34 36
Average Days on Market 190 103 -46
Month’s Supply of Inventory 12.50 11.33 -9
Average List Price $1,915,000 $1,344,167 -30
Rodeo RealtyR o d e o R E . c om
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Burbank
Sept. 2012 Sept. 2013 %Change
Median Price $522,000 $595,000 14
Properties Sold 45 55 22
Sales Volume $24,989,750 $34,059,299 36
Average Sale Price $543,255 $619,260 14
Properties For Sale 151 124 -18
Average Days on Market 59 41 -31
Month’s Supply of Inventory 3.28 2.25 -31
Average List Price $609,681 $961,659 13
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
Sept. 2012 Sept. 2013 %Change
Median Price $975,500 $1,252,250 28
Properties Sold 14 20 43
Sales Volume $15,056,000 $29,341,562 95
Average Sale Price $1,075,429 $1,467,078 36
Properties For Sale 111 102 -8
Average Days on Market 87 58 -33
Month’s Supply of Inventory 7.93 5.10 -36
Average List Price $1,230,105 $1,587,515 29
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Chatsworth
Rodeo RealtyR o d e o R E . c om
Sept. 2012 Sept. 2013 %Change
Median Price $493,500 $675,000 37
Properties Sold 22 16 -27
Sales Volume $12,757,220 $13,648,500 7
Average Sale Price $579,874 $853,031 47
Properties For Sale 104 69 -34
Average Days on Market 94 79 -16
Month’s Supply of Inventory 4.73 4.31 -9
Average List Price $517,652 $674,587 30
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Encino
Rodeo RealtyR o d e o R E . c om
Sept. 2012 Sept. 2013 %Change
Median Price $847,500 $965,000 14
Properties Sold 22 29 32
Sales Volume $19,035,425 $30,850,250 62
Average Sale Price $865,247 $1,064,147 23
Properties For Sale 170 138 -19
Average Days on Market 57 64 12
Month’s Supply of Inventory 7.73 4.76 -38
Average List Price $1,197,439 $1,458,278 22
*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
Sept. 2012 Sept. 2013 %Change
Median Price $401,000 $460,000 15
Properties Sold 34 27 -21
Sales Volume $14,263,948 $13,339,600 -6
Average Sale Price $419,528 $496,281 18
Properties For Sale 138 96 -30
Average Days on Market 54 28 -48
Month’s Supply of Inventory 4.06 3.56 -12
Average List Price $437,585 $555,837 27
*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
Sept. 2012 Sept. 2013 %Change
Median Price $7,000,000 $2,455,000 -65
Properties Sold 1 2 100
Sales Volume $7,000,000 $4,910,000 -30
Average Sale Price $7,000,000 $2,455,000 -65
Properties For Sale 26 28 8
Average Days on Market 29 312 976
Month’s Supply of Inventory 26.00 14.00 -46
Average List Price $3,482,000 $3,889,833 12
*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
Sept. 2012 Sept. 2013 %Change
Median Price $349,000 $476,500 37
Properties Sold 15 16 7
Sales Volume $5,260,400 $7,642,000 36
Average Sale Price $374,693 $477,625 27
Properties For Sale 30 22 -27
Average Days on Market 72 49 -32
Month’s Supply of Inventory 2.00 1.38 -31
Average List Price $424,975 $476,850 12
*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
Sept. 2012 Sept. 2013 %Change
Median Price $314,215 $342,686 9
Properties Sold 15 11 -27
Sales Volume $4,228,629 $3,908,000 -8
Average Sale Price $218,909 $355,273 26
Properties For Sale 40 17 -58
Average Days on Market 37 41 11
Month’s Supply of Inventory 2.67 1.55 -42
Average List Price $314,215 $342,686 9
*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
Sept. 2012 Sept. 2013 %Change
Median Price $344,500 $420,000 22
Properties Sold 14 23 64
Sales Volume $4,681,000 $9,939,500 112
Average Sale Price $334,357 $432,152 29
Properties For Sale 76 49 -36
Average Days on Market 36 34 -6
Month’s Supply of Inventory 5.43 2.13 -61
Average List Price $362,371 $424,893 17
*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
Sept. 2012 Sept. 2013 %Change
Median Price $320,000 $432,750 35
Properties Sold 43 32 -26
Sales Volume $13,887,100 $14,126,095 2
Average Sale Price $322,956 $441,140 37
Properties For Sale 158 116 -27
Average Days on Market 56 46 -18
Month’s Supply of Inventory 3.67 3.63 -1
Average List Price $370,959 $480,035 29
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Northridge
Rodeo RealtyR o d e o R E . c om
Sept. 2012 Sept. 2013 %Change
Median Price $510,000 $570,000 12
Properties Sold 218 163 -25
Sales Volume $38,032,837 $37,336,798 -2
Average Sale Price $507,104 $583,387 15
Properties For Sale 218 163 -25
Average Days on Market 60 32 -47
Month’s Supply of Inventory 2.91 2.55 -12
Average List Price $546,668 $657,890 20
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Pacoima
Sept. 2012 Sept. 2013 %Change
Median Price $226,500 $304,550 34
Properties Sold 32 22 -31
Sales Volume $7,294,750 $6,424,000 -12
Average Sale Price $227,961 $292,000 28
Properties For Sale 90 37 -59
Average Days on Market 65 42 -35
Month’s Supply of Inventory 2.81 1.68 -40
Average List Price $267,955 $313,083 17
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
Sept. 2012 Sept. 2013 %Change
Median Price $321,950 $382,000 19
Properties Sold 42 35 -17
Sales Volume $13,352,900 $13,816,000 3
Average Sale Price $317,926 $394,743 24
Properties For Sale 115 76 -34
Average Days on Market 48 31 -35
Month’s Supply of Inventory 2.74 2.17 -21
Average List Price $358,639 $420,337 17
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
San Fernando
Sept. 2012 Sept. 2013 %Change
Median Price $225,000 $290,000 29
Properties Sold 7 11 57
Sales Volume $1,736,000 $3,270,500 88
Average Sale Price $248,000 $297,318 20
Properties For Sale 42 29 -31
Average Days on Market 49 40 -18
Month’s Supply of Inventory 6.00 2.64 -56
Average List Price $278,500 $290,450 4
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
Sept. 2012 Sept. 2013 %Change
Median Price $600,000 $790,000 32
Properties Sold 1 3 200
Sales Volume $600,000 $2,467,000 311
Average Sale Price $600,000 $822,333 37
Properties For Sale 20 18 -10
Average Days on Market 53 40 -25
Month’s Supply of Inventory 20.00 6.00 -70
Average List Price $1,150,000 $897,000 -22
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
Sept. 2012 Sept. 2013 %Change
Median Price $775,000 $809,000 4
Properties Sold 37 47 27
Sales Volume $29,646,200 $46,689,810 57
Average Sale Price $801,249 $993,400 24
Properties For Sale 206 189 -8
Average Days on Market 78 48 -38
Month’s Supply of Inventory 5.57 4.02 -28
Average List Price $835,064 $1,079,026 29
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Studio City
Sept. 2012 Sept. 2013 %Change
Median Price $797,500 $1,072,000 34
Properties Sold 30 34 13
Sales Volume $28,236,450 $43,029,625 52
Average Sale Price $941,215 $1,265,577 34
Properties For Sale 98 113 15
Average Days on Market 90 53 -41
Month’s Supply of Inventory 3.27 3.32 2
Average List Price $1,203,009 $1,241,439 3
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
Sept. 2012 Sept. 2013 %Change
Median Price $306,750 $327,000 7
Properties Sold 18 19 6
Sales Volume $5,725,900 $6,430,000 12
Average Sale Price $318,106 $338,421 6
Properties For Sale 71 65 -8
Average Days on Market 74 41 -45
Month’s Supply of Inventory 3.94 3.42 -13
Average List Price $371,585 $513,959 38
Rodeo RealtyR o d e o R E . c om
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Sylmar
Sept. 2012 Sept. 2013 %Change
Median Price $299,975 $368,500 23
Properties Sold 50 38 -24
Sales Volume $14,753,493 $13,724,500 -7
Average Sale Price $295,070 $361,171 22
Properties For Sale 154 106 -31
Average Days on Market 79 50 -37
Month’s Supply of Inventory 3.08 2.79 -9
Average List Price $325,435 $383,953 18
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
Sept. 2012 Sept. 2013 %Change
Median Price $715,000 $795,000 11
Properties Sold 25 29 16
Sales Volume $19,535,581 $26,557,450 36
Average Sale Price $781,423 $915,774 17
Properties For Sale 128 80 -38
Average Days on Market 42 40 -5
Month’s Supply of Inventory 5.12 2.76 -46
Average List Price $969,083 $874,060 -10
*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
Sept. 2012 Sept. 2013 %Change
Median Price $1,300,000 $850,000 -35
Properties Sold 5 5 0
Sales Volume $9,438,600 $4,599,000 -51
Average Sale Price $1,887,720 $919,800 -51
Properties For Sale 33 27 -18
Average Days on Market 146 72 -51
Month’s Supply of Inventory 6.60 5.40 -18
Average List Price $1,558,928 $3,857,090 147
*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
Sept. 2012 Sept. 2013 %Change
Median Price $442,000 $592,000 34
Properties Sold 8 20 150
Sales Volume $3,720,000 $12,612,900 239
Average Sale Price $465,000 $630,645 36
Properties For Sale 42 36 -14
Average Days on Market 36 49 36
Month’s Supply of Inventory 5.25 1.80 -66
Average List Price $602,079 $608,848 1
*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
Sept. 2012 Sept. 2013 %Change
Median Price $622,000 $770,000 24
Properties Sold 13 11 -15
Sales Volume $8,322,000 $9,043,000 9
Average Sale Price $640,154 $822,091 28
Properties For Sale 40 30 -25
Average Days on Market 54 50 -7
Month’s Supply of Inventory 3.08 2.73 -11
Average List Price $773,369 $813,950 5
*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
Sept. 2012 Sept. 2013 %Change
Median Price $305,000 $423,000 39
Properties Sold 31 21 -32
Sales Volume $9,567,000 $9,721,500 2
Average Sale Price $308,613 $462,929 50
Properties For Sale 123 73 -41
Average Days on Market 55 46 -16
Month’s Supply of Inventory 3.97 3.48 -12
Average List Price $371,588 $449,488 21
*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
Sept. 2012 Sept. 2013 %Change
Median Price $450,000 $570,000 27
Properties Sold 46 41 -11
Sales Volume $23,347,900 $25,665,600 10
Average Sale Price $507,553 $625,990 23
Properties For Sale 151 113 -25
Average Days on Market 75 60 -20
Month’s Supply of Inventory 3.28 2.76 -16
Average List Price $470,784 $593,759 26
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Winnetka
Sept. 2012 Sept. 2013 %Change
Median Price $355,000 $420,000 18
Properties Sold 24 28 17
Sales Volume $7,997,699 $11,796,900 48
Average Sale Price $333,237 $421,318 26
Properties For Sale 82 73 -11
Average Days on Market 55 38 -31
Month’s Supply of Inventory 3.42 2.61 -24
Average List Price $330,878 $437,052 32
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
Sept. 2012 Sept. 2013 %Change
Median Price $535,000 $650,000 21
Properties Sold 58 65 12
Sales Volume $33,071,199 $47,497,895 44
Average Sale Price $570,193 $730,737 28
Properties For Sale 260 200 -23
Average Days on Market 84 60 -29
Month’s Supply of Inventory 4.48 3.08 -31
Average List Price $724,298 $785,892 9
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.