San Fernando Valley Real Estate Market Report September 2013
San Fernando Valley Real Estate Market Update
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Transcript of San Fernando Valley Real Estate Market Update
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 specifi c 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.
Burbank
Calabasas
Chatsworth
Encino
Granada Hills
Hidden Hills
Lake Balboa
Mission Hills
North Hills
North Hollywood
Northridge
Reseda
Sherman Oaks
Studio City
Table of Contents
Rodeo Realty
R o d e o M a r k e t R e p o r t s . c o m
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Tarzana
Toluca Lake
Valley Glen
Valley Village
Van Nuys
West Hills
Woodland Hills
16
17
18
19
20
21
22
Burbank
Aug 2011 Aug 2012 %Change
Median Price $503,500 $482,500 -4
Properties Sold 48 50 4
Sales Volume $24,433,200 $25,733,650 5
Average Sale Price $509,025 $514,673 1
Properties For Sale 218 143 -34
Average Days on Market 77 76 -1
Month’s Supply of Inventory 5 3 -37
Average List Price $517,366 $551,369 7
Rodeo Realty
R o d e o M 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 Realty
R o d e o M a r k e t R e p o r t s . c o m
Aug 2011 Aug 2012 %Change
Median Price $770,000 $1,115,000 45
Properties Sold 23 23 0
Sales Volume $20,625,825 $25,828,325 25
Average Sale Price $896,775 $1,213,405 25
Properties For Sale 152 114 -25
Average Days on Market 107 97 -9
Month’s Supply of Inventory 7 5 -25
Average List Price $1,429,326 $1,673,943 17
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Chatsworth
Rodeo Realty
R o d e o M a r k e t R e p o r t s . c o m
Aug 2011 Aug 2012 %Change
Median Price $415,000 $488,000 18
Properties Sold 24 21 -13
Sales Volume $11,243,500 $12,154,940 8
Average Sale Price $468,479 $578,807 24
Properties For Sale 122 92 -25
Average Days on Market 89 57 -36
Month’s Supply of Inventory 5 4 -14
Average List Price $457,282 $655,395 43
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Encino
Rodeo Realty
R o d e o M a r k e t R e p o r t s . c o m
Aug 2011 Aug 2012 %Change
Median Price $838,000 $570,000 -32
Properties Sold 31 41 32
Sales Volume $32,800,000 $32,306,000 -2
Average Sale Price $1,058,065 $787,951 -26
Properties For Sale 205 122 -40
Average Days on Market 65 67 3
Month’s Supply of Inventory 7 3 -55
Average List Price $1,164,074 $1,008,106 -13
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Granada Hills
Rodeo Realty
R o d e o M a r k e t R e p o r t s . c o m
Aug 2011 July 2012 %Change
Median Price $375,000 $365,000 -3
Properties Sold 37 53 43
Sales Volume $16,008,035 $21,790,440 36
Average Sale Price $432,650 $411,140 -5
Properties For Sale 227 110 -52
Average Days on Market 61 78 28
Month’s Supply of Inventory 6 2 -66
Average List Price $421,797 $466,023 10
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Hidden Hills
Rodeo Realty
R o d e o M a r k e t R e p o r t s . c o m
Aug 2011 Aug 2012 %Change
Median Price $1,050,000 $2,133,000 103
Properties Sold 3 3 0
Sales Volume $7,505,000 $8,868,000 18
Average Sale Price $2,501,667 $2,956,000 18
Properties For Sale 37 25 -32
Average Days on Market 256 76 -70
Month’s Supply of Inventory 12 8 -32
Average List Price $2,824,500 $4,668,375 65
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Lake Balboa
Rodeo Realty
R o d e o M a r k e t R e p o r t s . c o m
Aug 2011 Aug 2012 %Change
Median Price $295,000 $342,000 16
Properties Sold 27 13 52
Sales Volume $8,284,999 $4,534,000 45
Average Sale Price $306,852 $348,7691 14
Properties For Sale 48 25 -48
Average Days on Market 88 41 -53
Month’s Supply of Inventory 2 2 8
Average List Price $329,984 $435,038 32
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Mission Hills
Rodeo Realty
R o d e o M a r k e t R e p o r t s . c o m
Aug 2011 Aug 2012 %Change
Median Price $300,000 $315,000 5
Properties Sold 16 13 -19
Sales Volume $4,710,200 $3,975,000 -16
Average Sale Price $294,388 $305,769 4
Properties For Sale 57 30 -47
Average Days on Market 52 44 -15
Month’s Supply of Inventory 4 2 -35
Average List Price $292,806 $322,148 10
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
North Hills
Rodeo Realty
R o d e o M a r k e t R e p o r t s . c o m
Aug 2011 Aug 2012 %Change
Median Price $340,000 $332,000 -2
Properties Sold 29 36 24
Sales Volume $9,653,500 $12,010,458 24
Average Sale Price $332,879 $343,156 3
Properties For Sale 132 58 -56
Average Days on Market 109 74 -32
Month’s Supply of Inventory 5 2 -65
Average List Price $334,128 $338,938 1
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
North Hollywood
Rodeo Realty
R o d e o M a r k e t R e p o r t s . c o m
Aug 2011 Aug 2012 %Change
Median Price $295,000 $300,000 2
Properties Sold 39 44 13
Sales Volume $12,184,500 $14,484,150 19
Average Sale Price $312,423 $329,185 5
Properties For Sale 235 134 -43
Average Days on Market 101 71 -30
Month’s Supply of Inventory 6 3 -49
Average List Price $333,973 $338,014 1
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Northridge
Rodeo Realty
R o d e o M a r k e t R e p o r t s . c o m
Aug 2011 Aug 2012 %Change
Median Price $527,000 $500,000 -5
Properties Sold 53 72 36
Sales Volume $28,423,250 $36,176,288 27
Average Sale Price $536,288 $509,525 -5
Properties For Sale 324 213 -34
Average Days on Market 89 78 -12
Month’s Supply of Inventory 6 3 -52
Average List Price $503,155 $529,470 5
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Reseda
Rodeo Realty
R o d e o M a r k e t R e p o r t s . c o m
Aug 2011 Aug 2012 %Change
Median Price $270,000 $285,000 6
Properties Sold 36 35 -3
Sales Volume $10,142,000 $10,097,100 0
Average Sale Price $281,722 $288,489 2
Properties For Sale 211 97 -54
Average Days on Market 66 59 -11
Month’s Supply of Inventory 6 3 -53
Average List Price $311,776 $327,150 5
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Sherman Oaks
Rodeo Realty
R o d e o M a r k e t R e p o r t s . c o m
Aug 2011 Aug 2012 %Change
Median Price $680,000 $689,500 1
Properties Sold 49 60 22
Sales Volume $41,856,799 $44,605,500 7
Average Sale Price $854,220 $743,425 -13
Properties For Sale 215 185 -14
Average Days on Market 80 74 -8
Month’s Supply of Inventory 4 3 -30
Average List Price $850,349 $890,356 5
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Studio City
Aug 2011 Aug 2012 %Change
Median Price $807,000 $790,000 -2
Properties Sold 25 27 8
Sales Volume $26,565,490 $27,207,250 2
Average Sale Price $1,062,620 $1,007,676 -5
Properties For Sale 130 94 -28
Average Days on Market 73 52 -29
Month’s Supply of Inventory 5 3 -33
Average List Price $996,772 $867,746 -13
Rodeo Realty
R o d e o M 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 Realty
R o d e o M a r k e t R e p o r t s . c o m
L
Aug 2011 Aug 2012 %Change
Median Price $558,000 $707,500 27
Properties Sold 31 40 29
Sales Volume $21,117,500 $30,831,500 46
Average Sale Price $683,145 $770,788 13
Properties For Sale 153 98 -36
Average Days on Market 77 87 13
Month’s Supply of Inventory 5 2 -50
Average List Price $874,748 $1,001,494 14
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Toluca Lake
Rodeo Realty
R o d e o M 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.
Aug 2011 Aug 2012 %Change
Median Price $592,775 $720,500 22
Properties Sold 6 16 167
Sales Volume $4,284,550 $16,571,000 287
Average Sale Price $714,092 $1,035,688 45
Properties For Sale 29 27 -7
Average Days on Market 95 115 21
Month’s Supply of Inventory 5 2 -65
Average List Price $1,329,625 $2,235,111 68
Valley Glen
Rodeo Realty
R o d e o M a r k e t R e p o r t s . c o m
L
Aug 2011 Aug 2012 %Change
Median Price $400,000 $468,000 17
Properties Sold 13 5 -62
Sales Volume $4,968,000 $2,445,000 -51
Average Sale Price $382,154 $489,000 28
Properties For Sale 45 31 -31
Average Days on Market 84 48 -43
Month’s Supply of Inventory 3 6 79
Average List Price $488,183 $529,712 9
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Valley Village
Rodeo Realty
R o d e o M a r k e t R e p o r t s . c o m
Aug 2011 Aug 2012 %Change
Median Price $595,000 $667,000 12
Properties Sold 14 16 14
Sales Volume $8,871,000 $10,589,000 19
Average Sale Price $633,643 $661,813 4
Properties For Sale 49 48 -2
Average Days on Market 74 105 42
Month’s Supply of Inventory 4 3 -14
Average List Price $562,519 $712,067 27
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Van Nuys
Rodeo Realty
R o d e o M a r k e t R e p o r t s . c o m
Aug 2011 Aug 2012 %Change
Median Price $311,278 $315,000 1
Properties Sold 40 35 -13
Sales Volume $12,631,154 $11,598,479 -8
Average Sale Price $315,779 $331,385 5
Properties For Sale 197 119 -40
Average Days on Market 76 47 -38
Month’s Supply of Inventory 5 3 -31
Average List Price $314,636 $343,184 9
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
West Hills
Rodeo Realty
R o d e o M a r k e t R e p o r t s . c o m
Aug 2011 Aug 2012 %Change
Median Price $455,000 $427,500 -6
Properties Sold 41 50 22
Sales Volume $19,737,000 $22,177,859 12
Average Sale Price $481,390 $443,557 -8
Properties For Sale 185 140 -24
Average Days on Market 96 70 -27
Month’s Supply of Inventory 5 3 -38
Average List Price $470,489 $524,194 11
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
Woodland Hills
Rodeo Realty
R o d e o M a r k e t R e p o r t s . c o m
Aug 2011 Aug 2012 %Change
Median Price $550,000 $545,000 -1
Properties Sold 53 73 38
Sales Volume $32,750,099 $42,907,699 31
Average Sale Price $617,926 $587,777 -5
Properties For Sale 276 209 -24
Average Days on Market 95 63 -34
Month’s Supply of Inventory 5 3 -45
Average List Price $633,226 $641,623 1
*Information obtained from SRAR/MRMLS MLS data, information deemed reliable but not guaranteed.
RODEO REALTY MARKETING DEPARTMENT