San Fernando Valley Area

RodeoRE.com

Local Market ReportJanuary 2014

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

Santa Clarita

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 o R E . c om

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22 23

24 25 26 27 28 29

30

31

32

Arleta

Jan. 2013 Jan. 2014 %Change

Median Price $270,000 $315,000 17

Properties Sold 13 7 -46

Sales Volume $3,536,418 $2,272,749 -36

Average Sale Price $272,032 $324,678 19

Properties For Sale 47 36 -23

Average Days on Market 44 55 25

Month’s Supply of Inventory 3.62 5.14 42

Average List Price $303,873 $330,893 9

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

Jan. 2013 Jan. 2014 %Change

Median Price $775,000 $0 -100

Properties Sold 3 0 -100

Sales Volume $2,169,000 $0 -100

Average Sale Price $723,000 $0 -100

Properties For Sale 24 21 -13

Average Days on Market 142 0 -100

Month’s Supply of Inventory 8.00 0.00 -100

Average List Price $1,402,390 $1,670,375 19

Rodeo RealtyR o d e o R E . c om

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

Burbank

Jan. 2013 Jan. 2014 %Change

Median Price $521,750 $630,000 21

Properties Sold 32 49 53

Sales Volume $18,218,474 $31,035,358 70

Average Sale Price $569,327 $633,375 11

Properties For Sale 102 103 1

Average Days on Market 56 47 -16

Month’s Supply of Inventory 3.19 2.10 -34

Average List Price $623,169 $735,208 18

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

Jan. 2013 Jan. 2014 %Change

Median Price $889,500 $1,330,500 50

Properties Sold 28 12 -57

Sales Volume $29,873,925 $18,448,000 -38

Average Sale Price $1,066,926 $1,537,333 44

Properties For Sale 76 77 1

Average Days on Market 75 114 52

Month’s Supply of Inventory 2.71 6.42 137

Average List Price $1,805,023 $1,696,912 -6

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

Chatsworth

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $455,000 $457,500 1

Properties Sold 21 18 -14

Sales Volume $9,475,400 $11,343,000 20

Average Sale Price $451,210 $630,167 40

Properties For Sale 59 60 2

Average Days on Market 51 81 59

Month’s Supply of Inventory 2.81 3.33 19

Average List Price $677,353 $730,332 8

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

Encino

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $690,000 $869,750 26

Properties Sold 26 32 23

Sales Volume $20,388,500 $35,513,000 74

Average Sale Price $784,173 $1,109,781 42

Properties For Sale 107 97 -9

Average Days on Market 61 67 10

Month’s Supply of Inventory 4.12 3.03 26

Average List Price $1,163,491 $1,189,340 2

*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

Jan. 2013 Jan. 2014 %Change

Median Price $385,000 $450,000 17

Properties Sold 33 33 0

Sales Volume $14,735,500 $16,881,000 15

Average Sale Price $446,530 $511,545 15

Properties For Sale 99 73 -26

Average Days on Market 57 55 -4

Month’s Supply of Inventory 3.00 2.21 -26

Average List Price $461,228 $593,399 29

*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

Jan. 2013 Jan. 2014 %Change

Median Price $2,250,000 $3,262,500 45

Properties Sold 2 2 0

Sales Volume $4,500,000 $6,525,000 45

Average Sale Price $2,250,000 $3,262,500 45

Properties For Sale 29 21 -28

Average Days on Market 41 103 151

Month’s Supply of Inventory 14.50 10.50 -28

Average List Price $3,249,923 $4,099,375 26

*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

Jan. 2013 Jan. 2014 %Change

Median Price $395,000 $480,000 22

Properties Sold 11 9 -18

Sales Volume $4,120,000 $4,440,900 8

Average Sale Price $374,545 $493,433 32

Properties For Sale 38 26 -32

Average Days on Market 35 34 -3

Month’s Supply of Inventory 3.45 2.89 -16

Average List Price $387,919 $461,068 19

*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

Jan. 2013 Jan. 2014 %Change

Median Price $315,250 $374,750 19

Properties Sold 10 6 -40

Sales Volume $3,137,240 $2,306,500 -26

Average Sale Price $313,724 $384,417 23

Properties For Sale 26 14 -46

Average Days on Market 49 27 -45

Month’s Supply of Inventory 2.60 2.33 -10

Average List Price $324,277 $376,050 16

*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

Jan. 2013 Jan. 2014 %Change

Median Price $364,000 $416,000 14

Properties Sold 19 15 -21

Sales Volume $6,754,500 $6,153,400 -9

Average Sale Price $355,500 $410,227 15

Properties For Sale 42 38 -10

Average Days on Market 51 57 12

Month’s Supply of Inventory 2.21 2.53 14

Average List Price $382,895 $421,014 10

*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

Jan. 2013 Jan. 2014 %Change

Median Price $342,000 $380,000 11

Properties Sold 26 27 4

Sales Volume $9,166,660 $11,270,018 23

Average Sale Price $352,562 $417,408 18

Properties For Sale 112 105 -6

Average Days on Market 62 52 -16

Month’s Supply of Inventory 4.31 3.89 -10

Average List Price $386,452 $487,287 26

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

Northridge

Rodeo RealtyR o d e o R E . c om

Jan. 2013 Jan. 2014 %Change

Median Price $500,000 $532,500 7

Properties Sold 55 36 -35

Sales Volume $29,192,175 $21,633,450 -26

Average Sale Price $529,621 $600,929 13

Properties For Sale 139 126 -9

Average Days on Market 54 66 22

Month’s Supply of Inventory 2.53 3.50 38

Average List Price $531,144 $678,248 28

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

Pacoima

Jan. 2013 Jan. 2014 %Change

Median Price $247,500 $302,500 22

Properties Sold 16 18 13

Sales Volume $4,025,600 $5,613,000 39

Average Sale Price $251,600 $311,833 24

Properties For Sale 55 37 -33

Average Days on Market 35 29 -17

Month’s Supply of Inventory 3.44 2.06 -40

Average List Price $276,861 $317,747 15

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

Jan. 2013 Jan. 2014 %Change

Median Price $330,000 $385,000 17

Properties Sold 27 23 -15

Sales Volume $9,380,400 $8,851,000 -6

Average Sale Price $347,422 $384,826 11

Properties For Sale 63 68 8

Average Days on Market 54 43 -20

Month’s Supply of Inventory 2.33 2.96 27

Average List Price $342,040 $451,325 32

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

San Fernando

Jan. 2013 Jan. 2014 %Change

Median Price $284,000 $310,000 9

Properties Sold 14 11 -21

Sales Volume $4,101,900 $3,516,950 -14

Average Sale Price $292,993 $319,723 9

Properties For Sale 25 27 8

Average Days on Market 34 27 -21

Month’s Supply of Inventory 1.79 2.45 37

Average List Price $276,078 $350,559 27

Rodeo RealtyR o d e o R E . c om

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

Santa Clarita

Jan. 2013 Jan. 2014 %Change

Median Price n/a n/a n/a

Properties Sold n/a n/a n/a

Sales Volume $0 $0 0

Average Sale Price n/a n/a 0

Properties For Sale n/a n/a n/a

Average Days on Market n/a n/a n/a

Month’s Supply of Inventory 4.00 0.0 -100

Average List Price $359,500 $84,500 -76

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

Jan. 2013 Jan. 2014 %Change

Median Price $604,000 $1,025,000 70

Properties Sold 1 3 200

Sales Volume $604,000 $2,975,000 393

Average Sale Price $604,000 $991,667 64

Properties For Sale 12 5 -58

Average Days on Market 39 80 105

Month’s Supply of Inventory 12.00 1.67 -86

Average List Price $509,500 $533,000 5

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

Jan. 2013 Jan. 2014 %Change

Median Price $783,500 $1,032,500 32

Properties Sold 31 40 29

Sales Volume $26,820,450 $42,386,575 58

Average Sale Price $865,176 $1,059,664 22

Properties For Sale 128 128 0

Average Days on Market 72 99 38

Month’s Supply of Inventory 4.13 3.20 -23

Average List Price $1,004,690 $1,182,690 18

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

Studio City

Jan. 2013 Jan. 2014 %Change

Median Price $745,000 $1,122,000 51

Properties Sold 22 21 -5

Sales Volume $19,286,500 $24,827,650 29

Average Sale Price $876,659 $1,182,269 35

Properties For Sale 83 84 1

Average Days on Market 74 54 -27

Month’s Supply of Inventory 3.77 4.00 6

Average List Price $1,418,395 $1,416,800 0

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

Jan. 2013 Jan. 2014 %Change

Median Price $290,000 $350,000 21

Properties Sold 15 20 -20

Sales Volume $4,751,000 $4,868,500 2

Average Sale Price $316,733 $405,708 28

Properties For Sale 59 34 -42

Average Days on Market 34 82 141

Month’s Supply of Inventory 3.93 2.83 -28

Average List Price $341,477 $402,347 18

Rodeo RealtyR o d e o R E . c om

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

Sylmar

Jan. 2013 Jan. 2014 %Change

Median Price $325,000 $375,000 15

Properties Sold 29 47 62

Sales Volume $9,181,400 $18,106,000 97

Average Sale Price $316,600 $385,234 22

Properties For Sale 127 77 -39

Average Days on Market 88 48 -45

Month’s Supply of Inventory 4.38 1.64 -63

Average List Price $335,824 $387,752 15

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

Jan. 2013 Jan. 2014 %Change

Median Price $791,000 $867,125 10

Properties Sold 18 20 11

Sales Volume $15,474,000 $19,069,250 23

Average Sale Price $859,667 $953,463 11

Properties For Sale 92 97 -16

Average Days on Market 89 72 -19

Month’s Supply of Inventory 5.11 3.85 -25

Average List Price $1,012,487 $1,177,532 16

*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

Jan. 2013 Jan. 2014 %Change

Median Price $1,562,000 $1,147,500 -27

Properties Sold 12 6 -50

Sales Volume $18,656,134 $9,095,340 -51

Average Sale Price $1,554,678 $1,515,890 -2

Properties For Sale 22 18 -18

Average Days on Market 118 79 -33

Month’s Supply of Inventory 1.83 3.00 64

Average List Price $1,801,981 $1,473,251 -18

*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

Jan. 2013 Jan. 2014 %Change

Median Price $511,500 $563,500 10

Properties Sold 13 10 -23

Sales Volume $6,885,750 $5,728,000 -17

Average Sale Price $529,673 $572,800 8

Properties For Sale 32 21 -34

Average Days on Market 39 95 144

Month’s Supply of Inventory 2.46 2.10 -15

Average List Price $506,731 $704,733 39

*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

Jan. 2013 Jan. 2014 %Change

Median Price $612,500 $751,000 23

Properties Sold 8 12 50

Sales Volume $4,918,000 $9,716,055 98

Average Sale Price $614,750 $809,671 32

Properties For Sale 34 27 -21

Average Days on Market 85 71 -16

Month’s Supply of Inventory 4.25 2.25 -47

Average List Price $743,106 $752,112 1

*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

Jan. 2013 Jan. 2014 %Change

Median Price $350,000 $429,500 23

Properties Sold 25 24 -4

Sales Volume $8,652,900 $9,627,400 11

Average Sale Price $346,116 $401,142 16

Properties For Sale 86 58 -33

Average Days on Market 73 63 -14

Month’s Supply of Inventory 3.44 2.42 -30

Average List Price $382,105 $468,919 23

*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

Jan. 2013 Jan. 2014 %Change

Median Price $491,500 $520,000 6

Properties Sold 27 27 0

Sales Volume $14,031,090 $15,701,000 12

Average Sale Price $519,670 $581,519 12

Properties For Sale 103 90 -13

Average Days on Market 63 60 -5

Month’s Supply of Inventory 3.81 3.33 -13

Average List Price $537,612 $675,532 26

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

Winnetka

Jan. 2013 Jan. 2014 %Change

Median Price $350,000 $397,500 14

Properties Sold 19 18 -5

Sales Volume $6,670,650 $7,414,500 11

Average Sale Price $351,087 $411,917 17

Properties For Sale 53 50 -6

Average Days on Market 81 56 -31

Month’s Supply of Inventory 2.79 2.78 0

Average List Price $361,367 $445,089 23

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

Jan. 2013 Jan. 2014 %Change

Median Price $570,000 $669,500 17

Properties Sold 53 42 -40

Sales Volume $34,656,300 $22,651,565 -35

Average Sale Price $653,892 $707,861 8

Properties For Sale 176 158 -10

Average Days on Market 54 56 4

Month’s Supply of Inventory 3.32 4.94 49

Average List Price $697,164 $777,607 12

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

RODEO REALTY MARKETING DEPARTMENT