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.

RODEO REALTY MARKETING DEPARTMENT