october 2012 san fernando valley 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

Oct 2011 Oct 2012 %Change

Median Price $266,400 $270,000 1

Properties Sold 34 24 -29

Sales Volume $8,883,994 $6,397,499 -28

Average Sale Price $261,294 $266,562 2

Properties For Sale 102 44 -57

Average Days on Market 77 58 -25

Month’s Supply of Inventory 3 1.8 -39

Average List Price $259,223 $290,638 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.

Burbank

Oct 2011 Oct 2012 %Change

Median Price $456,000 $518,500 14

Properties Sold 40 50 25

Sales Volume $19,365,450 $25,712,450 33

Average Sale Price $484,136 $514,249 6

Properties For Sale 211 131 -38

Average Days on Market 84 68 -19

Month’s Supply of Inventory 5.3 2.6 -50

Average List Price $547,474 $598,932 9

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

Oct 2011 Oct 2012 %Change

Median Price $1,130,000 $1,100,000 -3

Properties Sold 15 19 27

Sales Volume $17,714,000 $29,799,000 68

Average Sale Price $1,180,933 $1,568,368 33

Properties For Sale 147 97 -34

Average Days on Market 118 92 -22

Month’s Supply of Inventory 9.8 5.1 -48

Average List Price $2,176,826 $1,291,704 -41

*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

Oct 2011 Oct 2012 %Change

Median Price $395,000 $390,500 -1

Properties Sold 17 27 59

Sales Volume $7,116,000 $12,081,700 70

Average Sale Price $418,588 $447,470 7

Properties For Sale 121 76 -37

Average Days on Market 75 70 -7

Month’s Supply of Inventory 7.1 2.8 -61

Average List Price $520,660 $614,107 18

*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

Oct 2011 Oct 2012 %Change

Median Price $875,000 $601,000 -31

Properties Sold 29 38 31

Sales Volume $30,153,500 $28,917,625 -4

Average Sale Price $1,039,776 $760,990 -27

Properties For Sale 180 136 -24

Average Days on Market 89 71 -20

Month’s Supply of Inventory 6.2 3.6 -42

Average List Price $1,036,762 $1,110,144 7

*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

Oct 2011 Oct 2012 %Change

Median Price $350,000 $410,000 17

Properties Sold 41 51 24

Sales Volume $15,691,260 $22,704,026 45

Average Sale Price $382,714 $445,177 16

Properties For Sale 207 94 -55

Average Days on Market 74 64 -14

Month’s Supply of Inventory 5.1 1.8 -64

Average List Price $520,390 $458,609 -12

*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

Oct 2011 Oct 2012 %Change

Median Price $3,700,000 $2,550,000 -31

Properties Sold 1 2 100

Sales Volume $3,700,000 $5,100,000 38

Average Sale Price $3,700,000 $2,550,000 -31

Properties For Sale 32 29 -9

Average Days on Market 164 58 -65

Month’s Supply of Inventory 32 14.5 -55

Average List Price $3,048,333 $3,298,000 8

*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

Oct 2011 Oct 2012 %Change

Median Price $308,500 $372,500 21

Properties Sold 10 14 40

Sales Volume $3,303,500 $5,343,380 62

Average Sale Price $330,350 $381,670 16

Properties For Sale 56 27 -52

Average Days on Market 54 87 61

Month’s Supply of Inventory 5.6 1.9 -66

Average List Price $398,823 $384,722 -4

*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

Oct 2011 Oct 2012 %Change

Median Price $260,050 $330,000 27

Properties Sold 10 22 120

Sales Volume $2,653,500 $6,990,500 163

Average Sale Price $265,350 $317,750 20

Properties For Sale 55 21 -62

Average Days on Market 58 58 0

Month’s Supply of Inventory 5.5 1 -83

Average List Price $279,987 $335,117 20

*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

Oct 2011 Oct 2012 %Change

Median Price $335,000 $350,000 4

Properties Sold 23 25 9

Sales Volume $7,815,200 $8,519,000 9

Average Sale Price $339,791 $340,760 0

Properties For Sale 130 51 -61

Average Days on Market 83 52 -37

Month’s Supply of Inventory 5.6 2 -64

Average List Price $315,715 $372,339 18

*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

Oct 2011 Oct 2012 %Change

Median Price $310,000 $311,000 0

Properties Sold 35 51 46

Sales Volume $11,119,900 $16,992,000 53

Average Sale Price $317,711 $333,176 5

Properties For Sale 238 123 -48

Average Days on Market 89 49 -45

Month’s Supply of Inventory 6.8 2.4 -65

Average List Price $334,397 $337,252 1

*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

Oct 2011 Oct 2012 %Change

Median Price $520,000 $464,050 -11

Properties Sold 57 82 44

Sales Volume $29,145,953 $40,829,309 40

Average Sale Price $511,333 $497,918 -3

Properties For Sale 302 148 -51

Average Days on Market 80 60 -25

Month’s Supply of Inventory 5.3 1.8 -66

Average List Price $511,780 $522,351 2

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

Pacoima

Oct 2011 Oct 2012 %Change

Median Price $220,000 $265,000 20

Properties Sold 22 37 68

Sales Volume $4,695,060 $9,241,890 97

Average Sale Price $213,412 $249,781 17

Properties For Sale 127 60 -53

Average Days on Market 61 51 -16

Month’s Supply of Inventory 5.77 1.6 -72

Average List Price $245,226 $242,554 -1

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

Oct 2011 Oct 2012 %Change

Median Price $285,000 $300,000 16

Properties Sold 40 47 18

Sales Volume $11,720,099 $14,938,600 27

Average Sale Price $293,002 $317,843 8

Properties For Sale 217 75 -65

Average Days on Market 86 52 -40

Month’s Supply of Inventory 5.4 1.6 -71

Average List Price $300,726 $359,301 19

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

San Fernando

Oct 2011 Oct 2012 %Change

Median Price $240,000 $247,325 3

Properties Sold 21 12 -43

Sales Volume $5,104,200 $3,041,149 -40

Average Sale Price $243,057 $253,429 4

Properties For Sale 64 36 -44

Average Days on Market 53 63 19

Month’s Supply of Inventory 3.1 3 -2

Average List Price $264,769 $256,535 -3

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

Oct 2011 Oct 2012 %Change

Median Price $475,000 $607,500 28

Properties Sold 1 2 100

Sales Volume $475,000 $1,215,000 156

Average Sale Price $475,000 $607,500 28

Properties For Sale 23 15 -35

Average Days on Market 46 118 157

Month’s Supply of Inventory 23 7.5 -67

Average List Price $857,983 $664,800 -23

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

Oct 2011 Oct 2012 %Change

Median Price $620,000 $749,150 21

Properties Sold 36 60 67

Sales Volume $25,678,849 $49,456,900 93

Average Sale Price $713,301 $824,282 16

Properties For Sale 203 171 -16

Average Days on Market 78 73 -6

Month’s Supply of Inventory 5.6 2.9 -49

Average List Price $869,213 $999,881 15

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

Studio City

Oct 2011 Oct 2012 %Change

Median Price $870,000 $875,000 1

Properties Sold 22 33 50

Sales Volume $21,185,800 $34,582,250 63

Average Sale Price $962,991 $1,047,947 9

Properties For Sale 121 92 -24

Average Days on Market 92 63 -32

Month’s Supply of Inventory 5.5 2.8 -49

Average List Price $1,001,726 $1,164,127 16

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

Oct 2011 Oct 2012 %Change

Median Price $212,500 $299,900 41

Properties Sold 20 27 35

Sales Volume $4,818,000 $8,947,400 86

Average Sale Price $240,900 $331,385 38

Properties For Sale 92 59 -36

Average Days on Market 73 56 -23

Month’s Supply of Inventory 4.6 2.2 -52

Average List Price $274,255 $313,466 14

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

Oct 2011 Oct 2012 %Change

Median Price $245,000 $321,000 31

Properties Sold 52 56 8

Sales Volume $13,549,404 $17,542,937 29

Average Sale Price $260,565 $313,267 20

Properties For Sale 266 124 -53

Average Days on Market 68 60 -12

Month’s Supply of Inventory 5.1 2.2 -57

Average List Price $281,812 $323,831 15

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

Oct 2011 Oct 2012 %Change

Median Price $637,500 $478,750 -25

Properties Sold 26 18 -31

Sales Volume $19,228,900 $11,913,400 -38

Average Sale Price $739,573 $661,856 -11

Properties For Sale 142 116 -18

Average Days on Market 68 45 -34

Month’s Supply of Inventory 5.5 6.4 18

Average List Price $1,059,387 $926,580 -13

*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

Oct 2011 Oct 2012 %Change

Median Price $970,000 $829,500 -14

Properties Sold 6 7 17

Sales Volume $5,538,000 $7,298,500 32

Average Sale Price $923,000 $1,042,643 13

Properties For Sale 26 31 19

Average Days on Market 49 94 92

Month’s Supply of Inventory 4.3 4.4 2

Average List Price $885,333 $1,337,307 51

*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

Oct 2011 Oct 2012 %Change

Median Price $455,000 $581,750 28

Properties Sold 11 12 9

Sales Volume $4,828,500 $6,444,500 33

Average Sale Price $438,955 $537,042 22

Properties For Sale 43 30 -30

Average Days on Market 93 73 -22

Month’s Supply of Inventory 3.9 2.5 -36

Average List Price $390,814 $594,758 52

*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

Oct 2011 Oct 2012 %Change

Median Price $416,750 $670,500 61

Properties Sold 7 10 43

Sales Volume $3,321,750 $6,472,400 95

Average Sale Price $474,536 $647,240 36

Properties For Sale 51 43 -16

Average Days on Market 82 63 -23

Month’s Supply of Inventory 7.3 4.3 -41

Average List Price $629,814 $615,395 -2

*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

Oct 2011 Oct 2012 %Change

Median Price $297,000 $290,299 -2

Properties Sold 31 49 58

Sales Volume $9,350,199 $15,938,337 70

Average Sale Price $301,619 $325,272 8

Properties For Sale 191 94 -51

Average Days on Market 67 59 -12

Month’s Supply of Inventory 6.2 1.9 -69

Average List Price $340,449 $361,287 6

*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

Oct 2011 Oct 2012 %Change

Median Price $432,500 $435,000 1

Properties Sold 28 49 75

Sales Volume $13,052,900 $23,739,300 82

Average Sale Price $466,175 $484,476 4

Properties For Sale 177 120 -32

Average Days on Market 55 80 45

Month’s Supply of Inventory 6.3 2.5 -61

Average List Price $448,886 $515,816 15

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

Winnetka

Oct 2011 Oct 2012 %Change

Median Price $320,000 $335,000 5

Properties Sold 23 38 65

Sales Volume $7,587,250 $12,620,250 66

Average Sale Price $329,880 $332,112 1

Properties For Sale 111 59 -47

Average Days on Market 71 38 46

Month’s Supply of Inventory 4.8 1.6 -68

Average List Price $310,941 $357,892 15

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

Oct 2011 Oct 2012 %Change

Median Price $505,000 $570,050 13

Properties Sold 49 63 29

Sales Volume $24,883,284 $35,268,475 42

Average Sale Price $507,822 $568,846 12

Properties For Sale 268 205 -24

Average Days on Market 90 81 -10

Month’s Supply of Inventory 5.5 3.3 -41

Average List Price $617,506 $645,988 5

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

RODEO REALTY MARKETING DEPARTMENT