san fernando valley real estate market report august 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 ReportAugust 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
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
August 2012 August 2013 %Change
Median Price $265,500 $399,950 28
Properties Sold 18 18 0
Sales Volume $4,725,199 $6,017,900 27
Average Sale Price $262,511 $334,328 27
Properties For Sale 68 26 -62
Average Days on Market 36 42 17
Month’s Supply of Inventory 3.78 1.44 -62
Average List Price $271,208 $345,653 27
Rodeo RealtyR o d e o R E . c om
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Burbank
August 2012 August 2013 %Change
Median Price $467,500 $595,000 27
Properties Sold 52 62 19
Sales Volume $26,598,650 $40,698,009 53
Average Sale Price $511,513 $656,420 28
Properties For Sale 175 109 -38
Average Days on Market 77 35 -55
Month’s Supply of Inventory 3.37 1.76 -48
Average List Price $579,628 $765,434 32
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
August 2012 August 2013 %Change
Median Price $1,115,000 $1,139,000 2
Properties Sold 23 33 43
Sales Volume $23,838,325 $40,949,450 72
Average Sale Price $1,123,405 $1,240,892 10
Properties For Sale 124 120 -3
Average Days on Market 97 58 -40
Month’s Supply of Inventory 5.39 3.64 -32
Average List Price $1,684,729 $1,569,657 -7
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Chatsworth
Rodeo RealtyR o d e o R E . c om
August 2012 August 2013 %Change
Median Price $485,000 $477,500 -2
Properties Sold 21 34 62
Sales Volume $12,125,440 $21,762,495 79
Average Sale Price $577,402 $640,073 11
Properties For Sale 107 62 -42
Average Days on Market 57 81 42
Month’s Supply of Inventory 5.10 1.82 -64
Average List Price $659,005 $618,694 -6
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Encino
Rodeo RealtyR o d e o R E . c om
August 2012 August 2013 %Change
Median Price $570,000 $962,000 69
Properties Sold 41 37 -10
Sales Volume $32,286,000 $36,982,750 15
Average Sale Price $787,463 $999,534 27
Properties For Sale 150 130 -13
Average Days on Market 67 45 -33
Month’s Supply of Inventory 3.66 3.51 -4
Average List Price $999,209 $1,256,905 26
*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
August 2012 August 2013 %Change
Median Price $363,750 $455,000 25
Properties Sold 54 39 -28
Sales Volume $22,140,440 $19,789,500 -11
Average Sale Price $410,008 $507,423 24
Properties For Sale 143 94 -34
Average Days on Market 81 43 -47
Month’s Supply of Inventory 2.65 2.41 -9
Average List Price $463,186 $638,400 38
*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
August 2012 August 2013 %Change
Median Price $2,133,000 $2,150,000 1
Properties Sold 3 5 67
Sales Volume $8,868,000 $10,245,315 16
Average Sale Price $2,956,000 $2,049,063 -31
Properties For Sale 26 29 12
Average Days on Market 76 96 26
Month’s Supply of Inventory 8.67 5.80 -33
Average List Price $4,646,375 $5,709,625 23
*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
August 2012 August 2013 %Change
Median Price $342,000 $432,500 26
Properties Sold 13 22 69
Sales Volume $4,524,000 $9,894,500 119
Average Sale Price $348,000 $449,750 29
Properties For Sale 30 37 23
Average Days on Market 41 53 29
Month’s Supply of Inventory 2.31 1.68 -27
Average List Price $431,569 $450,825 4
*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
August 2012 August 2013 %Change
Median Price $315,000 $320,000 2
Properties Sold 13 7 -46
Sales Volume $3,975,000 $2,406,850 -39
Average Sale Price $305,769 $343,836 12
Properties For Sale 49 20 -59
Average Days on Market 44 26 -41
Month’s Supply of Inventory 3.77 2.86 -24
Average List Price $317,271 $387,921 22
*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
August 2012 August 2013 %Change
Median Price $332,000 $445,000 34
Properties Sold 34 27 -21
Sales Volume $11,270,458 $11,685,349 4
Average Sale Price $341,529 $432,791 27
Properties For Sale 82 36 -56
Average Days on Market 75 43 -43
Month’s Supply of Inventory 2.41 1.33 -45
Average List Price $340,421 $422,653 24
*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
August 2012 August 2013 %Change
Median Price $300,000 $400,000 33
Properties Sold 43 44 2
Sales Volume $14,049,150 $18,660,900 33
Average Sale Price $326,724 $424,111 30
Properties For Sale 177 95 -46
Average Days on Market 77 34 -56
Month’s Supply of Inventory 4.12 2.16 -48
Average List Price $333,701 $501,099 50
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Northridge
Rodeo RealtyR o d e o R E . c om
August 2012 August 2013 %Change
Median Price $445,000 $623,500 40
Properties Sold 83 76 -8
Sales Volume $39,769,000 $53,258,900 34
Average Sale Price $478,060 $700,775 47
Properties For Sale 234 163 -30
Average Days on Market 93 40 -57
Month’s Supply of Inventory 2.82 2.14 -24
Average List Price $502,623 $642,736 28
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Pacoima
August 2012 August 2013 %Change
Median Price $279,900 $300,000 7
Properties Sold 40 20 -50
Sales Volume $10,285,362 $6,063,750 -41
Average Sale Price $257,134 $303,188 18
Properties For Sale 98 49 -50
Average Days on Market 57 42 -26
Month’s Supply of Inventory 2.45 2.45 0
Average List Price $259,816 $301,310 16
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
August 2012 August 2013 %Change
Median Price $285,500 $398,000 39
Properties Sold 34 39 15
Sales Volume $9,907,100 $15,203,975 53
Average Sale Price $291,385 $389,846 34
Properties For Sale 137 66 -52
Average Days on Market 59 51 -14
Month’s Supply of Inventory 4.03 1.69 -58
Average List Price $330,007 $405,522 23
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
San Fernando
August 2012 August 2013 %Change
Median Price $270,000 $325,000 20
Properties Sold 19 11 -42
Sales Volume $4,916,900 $3,397,500 -31
Average Sale Price $258,784 $308,864 19
Properties For Sale 36 31 -14
Average Days on Market 57 35 -39
Month’s Supply of Inventory 1.89 2.82 49
Average List Price $282,439 $314,750 11
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
August 2012 August 2013 %Change
Median Price $527,000 $865,000 64
Properties Sold 7 5 -29
Sales Volume $4,077,400 $4,724,000 18
Average Sale Price $582,486 $944,800 62
Properties For Sale 22 17 -23
Average Days on Market 81 110 36
Month’s Supply of Inventory 3.14 3.40 8
Average List Price $630,399 $612,000 -3
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
August 2012 August 2013 %Change
Median Price $689,500 $826,000 20
Properties Sold 60 71 18
Sales Volume $44,510,500 $99,521,150 56
Average Sale Price $741,842 $979,171 32
Properties For Sale 208 173 -17
Average Days on Market 74 53 -28
Month’s Supply of Inventory 3.47 2.44 -30
Average List Price $879,200 $1,078,998 23
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Studio City
August 2012 August 2013 %Change
Median Price $790,000 $1,163,000 43
Properties Sold 27 48 78
Sales Volume $27,207,250 $60,435,873 122
Average Sale Price $1,007,676 $1,259,081 25
Properties For Sale 110 106 -4
Average Days on Market 52 54 4
Month’s Supply of Inventory 4.07 2.21 -46
Average List Price $853,250 $1,269,301 49
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
August 2012 August 2013 %Change
Median Price $301,500 $366,250 21
Properties Sold 18 24 33
Sales Volume $5,509,900 $9,963,400 76
Average Sale Price $306,106 $403,892 32
Properties For Sale 75 53 -29
Average Days on Market 64 31 -52
Month’s Supply of Inventory 4.17 2.21 -47
Average List Price $363,073 $434,767 20
Rodeo RealtyR o d e o R E . c om
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Sylmar
August 2012 August 2013 %Change
Median Price $300,000 $350,000 17
Properties Sold 69 52 -25
Sales Volume $20,780,066 $18,660,399 -10
Average Sale Price $301,160 $358,854 19
Properties For Sale 184 112 -39
Average Days on Market 69 41 -41
Month’s Supply of Inventory 2.67 2.15 -19
Average List Price $328,849 $366,316 11
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
August 2012 August 2013 %Change
Median Price $680,000 $800,000 18
Properties Sold 39 31 -21
Sales Volume $28,975,500 $26,571,299 -8
Average Sale Price $742,962 $857,139 15
Properties For Sale 119 85 -29
Average Days on Market 86 53 -38
Month’s Supply of Inventory 3.05 2.74 -10
Average List Price $970,586 $1,085,232 12
*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
August 2012 August 2013 %Change
Median Price $731,000 $1,032,500 41
Properties Sold 15 10 -33
Sales Volume $16,071,000 $11,759,000 -27
Average Sale Price $1,071,400 $1,175,900 10
Properties For Sale 32 20 -38
Average Days on Market 108 57 -47
Month’s Supply of Inventory 2.13 2.00 -6
Average List Price $2,004,667 $1,012,843 -49
*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
August 2012 August 2013 %Change
Median Price $468,000 $560,500 20
Properties Sold 5 17 240
Sales Volume $2,445,000 $10,102,900 313
Average Sale Price $489,000 $594,288 22
Properties For Sale 38 28 -26
Average Days on Market 48 80 67
Month’s Supply of Inventory 7.60 1.65 -78
Average List Price $557,120 $554,636 0
*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
August 2012 August 2013 %Change
Median Price $667,000 $698,000 5
Properties Sold 16 16 0
Sales Volume $10,589,000 $11,405,250 8
Average Sale Price $661,813 $712,828 8
Properties For Sale 47 38 -19
Average Days on Market 105 45 -57
Month’s Supply of Inventory 2.94 2.38 -19
Average List Price $697,000 $792,668 14
*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
August 2012 August 2013 %Change
Median Price $315,000 $432,000 37
Properties Sold 33 31 -6
Sales Volume $11,068,479 $13,477,199 22
Average Sale Price $335,408 $434,748 30
Properties For Sale 142 76 -46
Average Days on Market 57 37 -35
Month’s Supply of Inventory 4.30 2.45 -43
Average List Price $342,734 $423,757 24
*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
August 2012 August 2013 %Change
Median Price $427,500 $550,000 29
Properties Sold 50 51 2
Sales Volume $22,177,859 $72,546,551 227
Average Sale Price $443,557 $1,422,481 221
Properties For Sale 169 101 -40
Average Days on Market 70 59 -16
Month’s Supply of Inventory 3.38 1.98 -41
Average List Price $520,507 $626,532 20
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Winnetka
August 2012 August 2013 %Change
Median Price $323,450 $418,000 29
Properties Sold 36 29 -19
Sales Volume $12,020,499 $11,555,000 -4
Average Sale Price $333,903 $412,679 24
Properties For Sale 83 59 -29
Average Days on Market 69 40 -42
Month’s Supply of Inventory 2.31 2.03 -12
Average List Price $344,936 $398,970 16
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
August 2012 August 2013 %Change
Median Price $545,000 $682,500 25
Properties Sold 73 78 7
Sales Volume $42,907,699 $66,881,125 56
Average Sale Price $587,777 $857,450 46
Properties For Sale 261 196 -25
Average Days on Market 63 47 -25
Month’s Supply of Inventory 3.58 2.51 -30
Average List Price $622,164 $816,320 31
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
RODEO REALTY MARKETING DEPARTMENT