San Fernando Valley Area

RodeoRE.com

Local Market ReportMay 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 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

May 2013 May 2014 %Change

Median Price $309,900 $337,000 9

Properties Sold 17 21 24

Sales Volume $4,982,200 $7,119,075 43

Average Sale Price $293,071 $339,004 16

Properties For Sale 47 44 -6

Average Days on Market 47 34 -28

Month’s Supply of Inventory 2.76 2.10 -24

Average List Price $306,945 $372,032 21

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

May 2013 May 2014 %Change

Median Price $1,160,000 $1,408,000 21

Properties Sold 5 2 -60

Sales Volume $6,242,000 $2,816,000 -55

Average Sale Price $1,248,000 $1,408,000 13

Properties For Sale 5 2 -60

Average Days on Market 78 109 40

Month’s Supply of Inventory 4.80 15.00 213

Average List Price $1,435,500 $1,598,875 11

Rodeo RealtyR o d e o R E . c om

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

Burbank

May 2013 May 2014 %Change

Median Price $635,000 $650,000 2

Properties Sold 55 36 -35

Sales Volume $37,244,100 $26,185,249 -30

Average Sale Price $677,165 $727,368 7

Properties For Sale 120 101 -16

Average Days on Market 40 48 20

Month’s Supply of Inventory 2.18 2.81 29

Average List Price $638,276 $876,075 37

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

May 2013 May 2014 %Change

Median Price $980,000 $1,307,000 33

Properties Sold 36 25 -31

Sales Volume $44,358,000 $33,949,375 -23

Average Sale Price $1,232,167 $1,357,975 10

Properties For Sale 125 131 5

Average Days on Market 59 72 22

Month’s Supply of Inventory 3.47 5.24 51

Average List Price $1,743,557 $2,007,655 15

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

Chatsworth

Rodeo RealtyR o d e o R E . c om

May 2013 May 2014 %Change

Median Price $475,000 $541,500 14

Properties Sold 29 22 -24

Sales Volume $15,860,500 $13,783,175 -13

Average Sale Price $633,721 $731,933 15

Properties For Sale 75 87 16

Average Days on Market 44 56 27

Month’s Supply of Inventory 2.59 3.95 53

Average List Price $633,721 $731,933 15

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

Encino

Rodeo RealtyR o d e o R E . c om

May 2013 May 2014 %Change

Median Price $732,000 $1,040,000 42

Properties Sold 49 34 -31

Sales Volume $49,825,063 $40,657,525 -18

Average Sale Price $1,016,838 $1,195,810 18

Properties For Sale 150 146 -3

Average Days on Market 52 43 -17

Month’s Supply of Inventory 3.06 4.29 40

Average List Price $1,248,514 $1,549,867 24

*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

May 2013 May 2014 %Change

Median Price $450,000 $490,000 9

Properties Sold 66 55 -17

Sales Volume $32,582,788 $30,485,999 -6

Average Sale Price $493,679 $554,291 12

Properties For Sale 113 106 -6

Average Days on Market 57 49 -14

Month’s Supply of Inventory 1.71 1.93 13

Average List Price $593,662 $552,345 -7

*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

May 2013 May 2014 %Change

Median Price $1,537,500 $3,350,000 118

Properties Sold 2 3 50

Sales Volume $3,075,000 $10,283,000 234

Average Sale Price $1,537,500 $3,427,667 123

Properties For Sale 34 33 -3

Average Days on Market 81 111 37

Month’s Supply of Inventory 17.00 11.00 -35

Average List Price $3,409,429 $5,235,889 54

*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

May 2013 May 2014 %Change

Median Price $415,250 $459,900 11

Properties Sold 16 21 31

Sales Volume $6,810,600 $10,139,388 49

Average Sale Price $425,663 $482,828 13

Properties For Sale 30 41 37

Average Days on Market 30 40 33

Month’s Supply of Inventory 1.88 1.95 4

Average List Price $432,709 $489,076 13

*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

May 2013 May 2014 %Change

Median Price $364,000 $387,100 6

Properties Sold 10 12 20

Sales Volume $3,586,800 $4,537,200 26

Average Sale Price $358,680 $378,100 5

Properties For Sale 18 16 -11

Average Days on Market 28 49 75

Month’s Supply of Inventory 1.80 1.33 -26

Average List Price $371,875 $420,280 13

*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

May 2013 May 2014 %Change

Median Price $380,000 $430,000 13

Properties Sold 19 22 16

Sales Volume $7,111,950 $9,229,850 30

Average Sale Price $374,313 $419,539 12

Properties For Sale 41 50 22

Average Days on Market 34 35 3

Month’s Supply of Inventory 2.16 2.27 5

Average List Price $397,910 $472,962 19

*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

May 2013 May 2014 %Change

Median Price $417,500 $415,750 0

Properties Sold 50 36 -28

Sales Volume $22,173,720 $15,453,900 -30

Average Sale Price $443,474 $429,275 -3

Properties For Sale 90 100 11

Average Days on Market 50 53 6

Month’s Supply of Inventory 1.80 2.78 54

Average List Price $374,870 $491,692 31

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

Northridge

Rodeo RealtyR o d e o R E . c om

May 2013 May 2014 %Change

Median Price $589,500 $661,500 12

Properties Sold 80 54 -33

Sales Volume $47,568,091 $35,710,550 -25

Average Sale Price $594,601 $661,306 11

Properties For Sale 162 203 25

Average Days on Market 34 42 24

Month’s Supply of Inventory 2.03 3.76 85

Average List Price $664,363 $691,000 4

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

Pacoima

May 2013 May 2014 %Change

Median Price $302,500 $337,500 12

Properties Sold 20 18 -10

Sales Volume $5,549,800 $5,902,400 6

Average Sale Price $277,490 $327,911 18

Properties For Sale 55 38 -31

Average Days on Market 24 32 33

Month’s Supply of Inventory 2.75 2.11 -23

Average List Price $297,605 $328,641 10

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

May 2013 May 2014 %Change

Median Price $360,000 $400,500 11

Properties Sold 35 28 -20

Sales Volume $12,313,060 $11,399,800 -8

Average Sale Price $351,802 $404,993 15

Properties For Sale 69 83 20

Average Days on Market 33 54 64

Month’s Supply of Inventory 1.97 2.96 50

Average List Price $388,635 $421,489 8

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

San Fernando

May 2013 May 2014 %Change

Median Price $282,500 $347,500 23

Properties Sold 18 16 -11

Sales Volume $5,156,800 $5,334,800 3

Average Sale Price $286,489 $333,425 16

Properties For Sale 30 18 -40

Average Days on Market 25 40 60

Month’s Supply of Inventory 1.67 1.13 -32

Average List Price $302,453 $358,986 19

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

May 2013 May 2014 %Change

Median Price $628,500 $640,000 2

Properties Sold 4 4 0

Sales Volume $2,447,000 $2,623,250 7

Average Sale Price $611,750 $655,813 7

Properties For Sale 23 15 -35

Average Days on Market 80 51 -36

Month’s Supply of Inventory 5.75 3.75 -35

Average List Price $768,373 $888,921 16

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

May 2013 May 2014 %Change

Median Price $809,000 $985,000 22

Properties Sold 68 65 -4

Sales Volume $64,752,355 $71,155,850 10

Average Sale Price $952,241 $1,094,705 15

Properties For Sale 177 177 0

Average Days on Market 52 50 -4

Month’s Supply of Inventory 2.60 2.72 5

Average List Price $999,239 $1,218,979 22

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

Studio City

May 2013 May 2014 %Change

Median Price $910,000 $1,200,000 32

Properties Sold 34 39 15

Sales Volume $33,001,350 $50,348,670 53

Average Sale Price $970,628 $1,290,992 33

Properties For Sale 108 106 -2

Average Days on Market 43 62 44

Month’s Supply of Inventory 3.18 2.72 -14

Average List Price $1,345,121 $1,540,144 14

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

May 2013 May 2014 %Change

Median Price $325,000 $366,000 13

Properties Sold 15 12 -20

Sales Volume $5,076,900 $4,896,000 -4

Average Sale Price $338,460 $408,000 21

Properties For Sale 57 57 0

Average Days on Market 38 37 -3

Month’s Supply of Inventory 3.80 4.75 25

Average List Price $420,607 $462,462 10

Rodeo RealtyR o d e o R E . c om

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

Sylmar

May 2013 May 2014 %Change

Median Price $352,850 $400,000 13

Properties Sold 32 49 53

Sales Volume $11,709,108 $20,725,159 77

Average Sale Price $365,910 $422,952 16

Properties For Sale 96 89 -7

Average Days on Market 42 54 29

Month’s Supply of Inventory 3.00 1.82 -39

Average List Price $388,736 $434,259 12

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

May 2013 May 2014 %Change

Median Price $918,000 $997,500 9

Properties Sold 33 25 -24

Sales Volume $29,462,400 $23,414,313 -21

Average Sale Price $892,800 $936,573 5

Properties For Sale 93 106 14

Average Days on Market 54 49 -9

Month’s Supply of Inventory 2.82 4.24 50

Average List Price $1,045,779 $1,136,810 9

*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

May 2013 May 2014 %Change

Median Price $875,000 $943,500 8

Properties Sold 11 4 -64

Sales Volume $14,223,000 $5,259,000 -63

Average Sale Price $1,293,000 $1,314,750 2

Properties For Sale 21 17 -19

Average Days on Market 32 29 -9

Month’s Supply of Inventory 1.91 4.25 123

Average List Price $1,289,500 $972,328 -25

*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

May 2013 May 2014 %Change

Median Price $647,000 $637,500 -1

Properties Sold 20 12 -40

Sales Volume $13,191,500 $7,670,500 -42

Average Sale Price $659,575 $639,208 -3

Properties For Sale 33 34 3

Average Days on Market 47 55 17

Month’s Supply of Inventory 1.65 2.83 72

Average List Price $623,340 $693,455 11

*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

May 2013 May 2014 %Change

Median Price $760,000 $728,500 -4

Properties Sold 9 5 -44

Sales Volume $6,443,000 $3,733,000 -42

Average Sale Price $715,889 $746,600 4

Properties For Sale 42 33 -21

Average Days on Market 88 56 -36

Month’s Supply of Inventory 4.67 6.50 41

Average List Price $778,870 $929,771 19

*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

May 2013 May 2014 %Change

Median Price $387,500 $390,000 1

Properties Sold 42 29 -31

Sales Volume $16,306,800 $11,465,440 -30

Average Sale Price $388,257 $395,360 2

Properties For Sale 87 85 -2

Average Days on Market 33 44 33

Month’s Supply of Inventory 2.07 2.93 42

Average List Price $403,313 $493,139 22

*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

May 2013 May 2014 %Change

Median Price $550,000 $550,000 0

Properties Sold 57 33 -42

Sales Volume $31,578,400 $19,065,000 -40

Average Sale Price $554,007 $577,727 4

Properties For Sale 116 116 0

Average Days on Market 43 47 9

Month’s Supply of Inventory 2.04 3.52 73

Average List Price $560,153 $644,900 15

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

Winnetka

May 2013 May 2014 %Change

Median Price $414,750 $438,000 6

Properties Sold 34 34 0

Sales Volume $13,798,125 $15,373,338 11

Average Sale Price $405,827 $452,157 11

Properties For Sale 64 63 -2

Average Days on Market 43 43 0

Month’s Supply of Inventory 1.88 1.85 -2

Average List Price $407,447 $434,869 7

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

May 2013 May 2014 %Change

Median Price $624,500 $682,500 9

Properties Sold 78 66 -15

Sales Volume $51,942,969 $49,578,600 -5

Average Sale Price $665,936 $751,191 13

Properties For Sale 198 205 4

Average Days on Market 40 70 75

Month’s Supply of Inventory 2.54 3.11 22

Average List Price $817,356 $839,610 3

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

RODEO REALTY MARKETING DEPARTMENT