San Fernando Valley Area

RodeoRE.com

Local Market ReportOctober 2013

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

Oct. 2012 Oct. 2013 %Change

Median Price $272,500 $359,000 32

Properties Sold 26 20 -23

Sales Volume $6,992,499 $9,801,500 40

Average Sale Price $268,942 $490,075 82

Properties For Sale 55 39 -29

Average Days on Market 72 32 -56

Month’s Supply of Inventory 2.12 1.95 -8

Average List Price $289,190 $305,866 6

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

Oct. 2012 Oct. 2013 %Change

Median Price $873,000 $1,300,000 49

Properties Sold 5 3 -40

Sales Volume $5,532,500 $4,675,000 -15

Average Sale Price $1,106,500 $1,568,333 41

Properties For Sale 24 28 17

Average Days on Market 128 147 15

Month’s Supply of Inventory 4.80 9.33 94

Average List Price $1,198,333 $1,649,590 38

Rodeo RealtyR o d e o R E . c om

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

Burbank

Oct. 2012 Oct. 2013 %Change

Median Price $515,000 $615,000 19

Properties Sold 51 63 24

Sales Volume $26,124,450 $39,560,850 51

Average Sale Price $512,244 $627,950 23

Properties For Sale 159 124 -22

Average Days on Market 67 41 -39

Month’s Supply of Inventory 3.12 1.97 -37

Average List Price $585,340 $638,483 9

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

Oct. 2012 Oct. 2013 %Change

Median Price $1,100,000 $1,031,250 -6

Properties Sold 19 24 26

Sales Volume $29,799,000 $35,704,918 20

Average Sale Price $1,568,368 $1,487,705 -5

Properties For Sale 106 97 -8

Average Days on Market 92 63 -32

Month’s Supply of Inventory 5.58 4.04 -28

Average List Price $1,280,665 $1,655,800 29

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

Chatsworth

Rodeo RealtyR o d e o R E . c om

Oct. 2012 Oct. 2013 %Change

Median Price $390,500 $590,000 51

Properties Sold 27 23 -15

Sales Volume $12,081,700 $14,077,574 17

Average Sale Price $447,740 $612,068 37

Properties For Sale 92 83 -10

Average Days on Market 70 50 -29

Month’s Supply of Inventory 3.41 3.61 6

Average List Price $603,492 $806,592 34

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

Encino

Rodeo RealtyR o d e o R E . c om

Oct. 2012 Oct. 2013 %Change

Median Price $646,000 $1,195,000 85

Properties Sold 37 37 0

Sales Volume $28,367,625 $51,172,225 80

Average Sale Price $766,693 $1,383,033 80

Properties For Sale 156 140 -10

Average Days on Market 70 45 -36

Month’s Supply of Inventory 4.22 3.78 -10

Average List Price $1,100,041 $1,319,220 20

*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

Oct. 2012 Oct. 2013 %Change

Median Price $410,000 $490,000 20

Properties Sold 52 57 10

Sales Volume $23,055,026 $30,070,627 30

Average Sale Price $443,366 $527,555 19

Properties For Sale 124 99 -20

Average Days on Market 65 50 -23

Month’s Supply of Inventory 2.38 1.74 -27

Average List Price $457,014 $547,591 20

*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

Oct. 2012 Oct. 2013 %Change

Median Price $2,550,000 $2,707,500 6

Properties Sold 2 2 0

Sales Volume $5,100,000 $5,415,000 6

Average Sale Price $2,550,000 $2,707,500 6

Properties For Sale 29 23 -21

Average Days on Market 58 118 103

Month’s Supply of Inventory 14.50 11.50 -21

Average List Price $3,227,833 $4,103,600 27

*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

Oct. 2012 Oct. 2013 %Change

Median Price $375,000 $429,000 14

Properties Sold 15 20 33

Sales Volume $5,842,380 $8,984,800 54

Average Sale Price $389,492 $449,240 15

Properties For Sale 29 19 -34

Average Days on Market 83 42 -49

Month’s Supply of Inventory 1.93 0.95 -51

Average List Price $388,350 $450,650 16

*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

Oct. 2012 Oct. 2013 %Change

Median Price $312,500 $372,000 19

Properties Sold 22 13 -41

Sales Volume $6,865,500 $5,145,300 -25

Average Sale Price $312,068 $395,792 27

Properties For Sale 34 20 -41

Average Days on Market 60 37 -38

Month’s Supply of Inventory 1.55 1.54 -1

Average List Price $331,177 $392,345 18

*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

Oct. 2012 Oct. 2013 %Change

Median Price $350,000 $420,000 20

Properties Sold 26 17 -35

Sales Volume $8,774,000 $6,763,450 -23

Average Sale Price $337,462 $397,850 18

Properties For Sale 68 51 -25

Average Days on Market 63 48 -24

Month’s Supply of Inventory 2.62 3.00 15

Average List Price $372,504 $424,838 14

*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

Oct. 2012 Oct. 2013 %Change

Median Price $311,000 $380,000 22

Properties Sold 49 38 -22

Sales Volume $16,428,400 $15,823,398 -4

Average Sale Price $335,273 $416,405 24

Properties For Sale 157 114 -27

Average Days on Market 47 47 0

Month’s Supply of Inventory 3.20 3.00 -6

Average List Price $342,622 $451,110 32

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

Northridge

Rodeo RealtyR o d e o R E . c om

Oct. 2012 Oct. 2013 %Change

Median Price $461,250 $559,000 21

Properties Sold 84 67 -20

Sales Volume $41,369,309 $39,708,450 -4

Average Sale Price $492,492 $592,663 20

Properties For Sale 188 141 -25

Average Days on Market 61 50 -18

Month’s Supply of Inventory 2.24 2.10 -6

Average List Price $521,889 $648,238 24

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

Pacoima

Oct. 2012 Oct. 2013 %Change

Median Price $265,500 $300,000 13

Properties Sold 36 21 -42

Sales Volume $9,041,890 $6,101,400 -33

Average Sale Price $251,164 $290,543 16

Properties For Sale 73 41 -44

Average Days on Market 50 46 -8

Month’s Supply of Inventory 2.03 1.95 -4

Average List Price $245,058 $309,330 26

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

Oct. 2012 Oct. 2013 %Change

Median Price $330,000 $397,500 20

Properties Sold 47 36 -23

Sales Volume $14,938,600 $14,449,249 -3

Average Sale Price $317,843 $401,368 26

Properties For Sale 102 75 -26

Average Days on Market 52 51 -2

Month’s Supply of Inventory 2.17 2.08 -4

Average List Price $356,859 $392,807 10

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

San Fernando

Oct. 2012 Oct. 2013 %Change

Median Price $256,535 $346,077 35

Properties Sold 11 13 18

Sales Volume $2,885,149 $3,780,000 31

Average Sale Price $262,286 $290,769 11

Properties For Sale 43 31 -28

Average Days on Market 53 38 -28

Month’s Supply of Inventory 3.91 2.38 -39

Average List Price $256,535 $346,077 35

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

Oct. 2012 Oct. 2013 %Change

Median Price $607,500 $633,250 4

Properties Sold 2 2 0

Sales Volume $1,215,000 $1,266,500 4

Average Sale Price $607,500 $633,250 4

Properties For Sale 18 16 -11

Average Days on Market 118 37 -69

Month’s Supply of Inventory 9.00 8.00 -11

Average List Price $664,800 $946,300 42

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

Oct. 2012 Oct. 2013 %Change

Median Price $730,000 $817,630 12

Properties Sold 61 58 -5

Sales Volume $49,941,900 $54,216,215 9

Average Sale Price $818,720 $934,762 14

Properties For Sale 187 202 8

Average Days on Market 76 50 -34

Month’s Supply of Inventory 3.07 3.48 13

Average List Price $978,155 $1,071,290 10

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

Studio City

Oct. 2012 Oct. 2013 %Change

Median Price $840,000 $990,000 18

Properties Sold 35 28 -20

Sales Volume $35,800,250 $34,145,200 -5

Average Sale Price $1,022,864 $1,219,471 19

Properties For Sale 100 106 6

Average Days on Market 61 72 18

Month’s Supply of Inventory 2.86 3.79 33

Average List Price $1,154,158 $1,425,214 23

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

Oct. 2012 Oct. 2013 %Change

Median Price $299,900 $380,000 27

Properties Sold 27 23 -15

Sales Volume $8,982,400 $10,875,950 21

Average Sale Price $332,681 $472,867 42

Properties For Sale 69 64 -7

Average Days on Market 56 49 -13

Month’s Supply of Inventory 2.56 2.78 9

Average List Price $312,466 $445,856 43

Rodeo RealtyR o d e o R E . c om

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

Sylmar

Oct. 2012 Oct. 2013 %Change

Median Price $322,320 $365,000 13

Properties Sold 54 66 22

Sales Volume $17,072,937 $23,753,907 39

Average Sale Price $316,166 $359,908 14

Properties For Sale 157 107 -32

Average Days on Market 61 44 -28

Month’s Supply of Inventory 2.91 1.62 -44

Average List Price $326,767 $384,003 18

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

Oct. 2012 Oct. 2013 %Change

Median Price $492,500 $832,500 69

Properties Sold 19 26 37

Sales Volume $12,813,400 $21,797,900 70

Average Sale Price $674,389 $838,381 24

Properties For Sale 133 86 -35

Average Days on Market 63 50 -21

Month’s Supply of Inventory 7.00 3.31 -53

Average List Price $945,409 $1,159,839 23

*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

Oct. 2012 Oct. 2013 %Change

Median Price $829,500 $1,135,000 37

Properties Sold 7 8 14

Sales Volume $7,298,500 $10,720,000 47

Average Sale Price $1,042,643 $1,340,000 29

Properties For Sale 34 20 -41

Average Days on Market 94 96 2

Month’s Supply of Inventory 4.86 2.50 -49

Average List Price $1,337,307 $1,246,750 -7

*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

Oct. 2012 Oct. 2013 %Change

Median Price $581,750 $557,500 -4

Properties Sold 12 10 -17

Sales Volume $6,444,500 $5,890,000 -9

Average Sale Price $537,042 $589,000 10

Properties For Sale 37 35 -5

Average Days on Market 73 50 -32

Month’s Supply of Inventory 3.08 3.50 14

Average List Price $594,758 $635,797 7

*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

Oct. 2012 Oct. 2013 %Change

Median Price $670,500 $823,095 23

Properties Sold 10 15 50

Sales Volume $6,472,400 $11,294,595 75

Average Sale Price $647,240 $752,973 16

Properties For Sale 42 30 -29

Average Days on Market 63 45 -29

Month’s Supply of Inventory 4.20 2.00 -52

Average List Price $619,615 $831,642 34

*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

Oct. 2012 Oct. 2013 %Change

Median Price $289,195 $405,000 40

Properties Sold 50 34 -32

Sales Volume $16,178,337 $13,725,149 -15

Average Sale Price $323,567 $415,914 29

Properties For Sale 110 85 -23

Average Days on Market 60 45 -25

Month’s Supply of Inventory 2.20 2.50 14

Average List Price $366,388 $456,643 25

*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

Oct. 2012 Oct. 2013 %Change

Median Price $435,000 $500,000 15

Properties Sold 48 43 -10

Sales Volume $23,384,300 $22,960,800 -2

Average Sale Price $487,173 $533,972 10

Properties For Sale 142 114 -20

Average Days on Market 81 42 -48

Month’s Supply of Inventory 2.96 2.65 -10

Average List Price $514,734 $610,949 19

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

Winnetka

Oct. 2012 Oct. 2013 %Change

Median Price $335,000 $415,000 24

Properties Sold 38 29 -24

Sales Volume $12,688,250 $11,809,189 -7

Average Sale Price $333,901 $407,213 22

Properties For Sale 72 70 -3

Average Days on Market 41 52 27

Month’s Supply of Inventory 1.89 2.41 28

Average List Price $358,298 $449,415 25

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

Oct. 2012 Oct. 2013 %Change

Median Price $570,050 $650,000 14

Properties Sold 64 55 -14

Sales Volume $36,631,475 $38,959,021 6

Average Sale Price $572,367 $708,346 24

Properties For Sale 238 193 -19

Average Days on Market 81 64 -21

Month’s Supply of Inventory 3.72 3.51 -6

Average List Price $640,015 $745,794 17

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

RODEO REALTY MARKETING DEPARTMENT