San Fernando Valley December 2012 Local Market Report

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San Fernando Valley Area RodeoMarketReports.com Local Market Report 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.

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Real Estate Local Market Report for the San Fernando Valley Area of Los Angeles, CA.

Transcript of San Fernando Valley December 2012 Local Market Report

San Fernando Valley Area

RodeoMarketReports.com

Local Market Report

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

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

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Arleta

Dec 2011 Dec 2012 %Change

Median Price $270,000 $267,500 -1

Properties Sold 27 20 -26

Sales Volume $7,311,350 $5,390,797 -26

Average Sale Price $270,791 $269,540 0

Properties For Sale 80 29 -64

Average Days on Market 78 48 -38

Month’s Supply of Inventory 3 1.5 -51

Average List Price $270,336 $283,229 5

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

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

Burbank

Dec 2011 Dec 2012 %Change

Median Price $484,000 $544,500 13

Properties Sold 37 58 57

Sales Volume $18,111,343 $33,466,500 85

Average Sale Price $489,496 $577,009 18

Properties For Sale 153 84 -45

Average Days on Market 77 51 -34

Month’s Supply of Inventory 4.1 1.5 -65

Average List Price $491,948 $548,271 11

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

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

Calabasas

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $790,000 $805,000 2

Properties Sold 23 18 -22

Sales Volume $25,023,500 $19,795,940 -21

Average Sale Price $1,087,978 $1,099,774 1

Properties For Sale 126 70 -44

Average Days on Market 68 125 84

Month’s Supply of Inventory 5.5 3.9 -29

Average List Price $1,786,942 $1,658,187 -7

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

Chatsworth

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $411,000 $441,400 7

Properties Sold 24 29 21

Sales Volume $12,142,717 $13,259,300 9

Average Sale Price $505,947 $457,217 -10

Properties For Sale 123 51 -59

Average Days on Market 92 52 -43

Month’s Supply of Inventory 5.1 1.8 -66

Average List Price $1,011,834 $703,918 -30

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

Encino

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $829,000 $572,500 -31

Properties Sold 21 38 81

Sales Volume $21,947,775 $37,598,750 71

Average Sale Price $1,045,132 $989,441 -5

Properties For Sale 150 94 -37

Average Days on Market 119 73 -39

Month’s Supply of Inventory 7.1 2.5 -65

Average List Price $1,154,240 $1,144,800 -1

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

Granada Hills

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $380,000 $425,000 12

Properties Sold 47 44 -6

Sales Volume $19,233,649 $18,753,222 -2

Average Sale Price $409,227 $426,210 4

Properties For Sale 155 71 -54

Average Days on Market 67 51 -24

Month’s Supply of Inventory 3.3 1.6 -51

Average List Price $440,861 $424,526 -4

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

Hidden Hills

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $1,775,000 $2,387,500 35

Properties Sold 5 4 -20

Sales Volume $8,260,000 $9,470,000 15

Average Sale Price $1,652,000 $2,367,500 43

Properties For Sale 25 20 -20

Average Days on Market 146 78 -47

Month’s Supply of Inventory 5 5 0

Average List Price $7,500,000 $3,981,667 -47

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

Lake Balboa

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $300,500 $389,000 29

Properties Sold 12 12 0

Sales Volume $3,712,500 $4,717,000 27

Average Sale Price $309,375 $393,083 27

Properties For Sale 39 25 -36

Average Days on Market 102 55 -46

Month’s Supply of Inventory 3.3 2.1 -36

Average List Price $347,667 $557,333 60

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

Mission Hills

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $277,500 $325,000 17

Properties Sold 12 16 33

Sales Volume $3,444,900 $5,075,500 47

Average Sale Price $287,075 $317,219 11

Properties For Sale 53 10 -81

Average Days on Market 126 24 -81

Month’s Supply of Inventory 4.4 0.6 -86

Average List Price $286,091 $324,688 13

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

North Hills

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $322,000 $355,000 10

Properties Sold 25 23 -8

Sales Volume $7,885,869 $7,744,549 -2

Average Sale Price $315,435 $336,720 7

Properties For Sale 98 39 -60

Average Days on Market 96 87 -9

Month’s Supply of Inventory 4 1.7 -57

Average List Price $348,870 $349,358 0

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

North Hollywood

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $318,000 $310,000 -3

Properties Sold 51 39 -24

Sales Volume $16,400,340 $12,633,851 -23

Average Sale Price $321,575 $323,945 1

Properties For Sale 189 92 -51

Average Days on Market 79 52 -34

Month’s Supply of Inventory 3.7 2.4 -36

Average List Price $316,565 $352,520 11

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

Northridge

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $435,750 $495,000 14

Properties Sold 64 73 14

Sales Volume $30,693,600 $37,061,862 21

Average Sale Price $479,599 $507,697 6

Properties For Sale 270 92 -66

Average Days on Market 83 63 -24

Month’s Supply of Inventory 4.2 1.3 -70

Average List Price $525,804 $499,384 -5

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

Pacoima

Dec 2011 Dec 2012 %Change

Median Price $235,000 $285,950 22

Properties Sold 36 44 22

Sales Volume $8,182,750 $11,606,994 42

Average Sale Price $227,299 $263,795 16

Properties For Sale 117 35 -70

Average Days on Market 60 49 -18

Month’s Supply of Inventory 3.3 0.8 -75

Average List Price $221,208 $263,947 19

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

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

Reseda

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $290,000 $310,000 7

Properties Sold 45 37 -18

Sales Volume $13,832,800 $11,777,000 -15

Average Sale Price $307,396 $318,297 4

Properties For Sale 183 51 -72

Average Days on Market 79 72 -9

Month’s Supply of Inventory 4.1 1.4 -66

Average List Price $286,503 $350,061 22

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

San Fernando

Dec 2011 Dec 2012 %Change

Median Price $220,000 $265,000 20

Properties Sold 15 15 0

Sales Volume $3,421,159 $3,995,500 17

Average Sale Price $228,077 $266,367 17

Properties For Sale 57 19 -67

Average Days on Market 79 40 -49

Month’s Supply of Inventory 3.8 1.3 -67

Average List Price $245,372 $261,546 7

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

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

Shadow Hills

Dec 2011 Dec 2012 %Change

Median Price $731,250 $655,000 -10

Properties Sold 2 2 0

Sales Volume $1,462,500 $1,310,000 -10

Average Sale Price $731,250 $655,000 -10

Properties For Sale 18 15 -17

Average Days on Market 136 262 93

Month’s Supply of Inventory 9 7.5 -17

Average List Price $508,000 $875,000 72

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

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

Sherman Oaks

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $676,000 $716,750 6

Properties Sold 32 48 50

Sales Volume $26,837,800 $41,112,993 53

Average Sale Price $838,681 $856,521 2

Properties For Sale 180 112 -38

Average Days on Market 112 71 -37

Month’s Supply of Inventory 5.6 2.3 -59

Average List Price $739,354 $835,440 13

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

Studio City

Dec 2011 Dec 2012 %Change

Median Price $766,500 $932,000 22

Properties Sold 26 30 15

Sales Volume $23,815,400 $41,068,000 72

Average Sale Price $915,977 $1,368,933 49

Properties For Sale 107 72 -33

Average Days on Market 82 55 -33

Month’s Supply of Inventory 4.1 2.4 -42

Average List Price $993,435 $1,565,796 58

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

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

Sun Valley

Dec 2011 Dec 2012 %Change

Median Price $238,500 $285,000 19

Properties Sold 28 23 -18

Sales Volume $6,640,254 $7,249,900 9

Average Sale Price $237,152 $315,213 33

Properties For Sale 97 50 -48

Average Days on Market 75 64 -15

Month’s Supply of Inventory 3.5 2.2 -37

Average List Price $293,516 $329,883 12

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

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

Sylmar

Dec 2011 Dec 2012 %Change

Median Price $288,750 $327,000 13

Properties Sold 62 50 -19

Sales Volume $18,084,000 $16,267,893 -10

Average Sale Price $291,677 $325,358 12

Properties For Sale 239 85 -64

Average Days on Market 71 53 -25

Month’s Supply of Inventory 3.9 1.7 -56

Average List Price $281,773 $300,527 7

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

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

Tarzana

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $758,500 $725,000 -4

Properties Sold 20 28 40

Sales Volume $18,084,900 $23,794,785 32

Average Sale Price $904,245 $849,814 -6

Properties For Sale 140 86 -39

Average Days on Market 109 82 -25

Month’s Supply of Inventory 7 3.1 -56

Average List Price $651,264 $883,822 36

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

Toluca Lake

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $660,000 $865,000 31

Properties Sold 4 8 100

Sales Volume $5,689,000 $11,671,000 105

Average Sale Price $1,422,250 $1,458,875 3

Properties For Sale 27 24 -11

Average Days on Market 98 149 52

Month’s Supply of Inventory 6.8 3 -56

Average List Price $599,375 $1,166,688 95

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

Valley Glen

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $402,500 $507,500 26

Properties Sold 11 18 64

Sales Volume $4,480,000 $9,764,000 118

Average Sale Price $407,273 $542,444 33

Properties For Sale 38 16 -58

Average Days on Market 120 70 -42

Month’s Supply of Inventory 3.5 0.9 -74

Average List Price $456,678 $584,800 28

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

Valley Village

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $560,000 $600,000 7

Properties Sold 17 14 -18

Sales Volume $10,708,800 $8,784,000 -18

Average Sale Price $629,929 $627,429 0

Properties For Sale 41 29 -29

Average Days on Market 76 61 -20

Month’s Supply of Inventory 5 3 -40

Average List Price $580,475 $802,400 38

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

Van Nuys

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $305,000 $310,500 2

Properties Sold 35 44 26

Sales Volume $10,849,900 $13,873,709 28

Average Sale Price $309,997 $315,312 2

Properties For Sale 159 65 -59

Average Days on Market 107 54 -50

Month’s Supply of Inventory 4.5 1.5 -67

Average List Price $308,642 $337,944 9

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

West Hills

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $399,000 $439,500 10

Properties Sold 32 50 56

Sales Volume $12,929,926 $25,095,500 94

Average Sale Price $404,060 $501,910 24

Properties For Sale 156 84 -46

Average Days on Market 78 74 -5

Month’s Supply of Inventory 4.5 1.7 -66

Average List Price $454,424 $508,447 12

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

Winnetka

Dec 2011 Dec 2012 %Change

Median Price $301,000 $352,000 17

Properties Sold 22 32 45

Sales Volume $6,788,250 $11,450,500 69

Average Sale Price $308,557 $357,828 16

Properties For Sale 109 39 -64

Average Days on Market 84 59 -30

Month’s Supply of Inventory 5 1.2 -75

Average List Price $333,865 $375,838 13

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

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

Woodland Hills

Rodeo RealtyR o d e oM a r k e t R e p o r t s . c o m

Dec 2011 Dec 2012 %Change

Median Price $480,000 $547,825 14

Properties Sold 54 64 19

Sales Volume $26,542,200 $39,764,450 50

Average Sale Price $500,796 $621,320 24

Properties For Sale 244 150 -39

Average Days on Market 92 70 -24

Month’s Supply of Inventory 4.5 2.3 -48

Average List Price $618,845 $667,627 8

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

RODEO REALTY MARKETING DEPARTMENT