Buying a Home in Encino, Sherman Oaks or Tarzana

I have been meaning to post some information on real estate in the San Fernando Valley, specifically Encino, Sherman Oaks and Tarzana. Studio City is already covered. So let’s take a look at statistics for  2013 compared to 2012.

Sherman Oaks single family

Sold +/- 2012 Median +/- 2012 Active Median Pending
651 +62 $801,500 +15.32% 104 $799,974 62

Sherman Oaks condos

Sold +/- 2012 Median +/- 2012 Active Median Pending
305 +18 $385,000 +28.33% 50 $426,500 36

Encino single family 

Sold +/- 2012 Median +/- 2012 Active Median Pending
445 +30 $875,000 +12.90% 76 $929,000 39

Encino condos

Sold +/- 2012 Median +/- 2012 Active Median Pending
198 -16 $300,000 +32.74% 34 $316,950 33

 

Tarzana single family

Sold +/- 2012 Median +/- 2012 Active Median Pending
309 -4 $800,000 +29.03% 69 $1,149,000 54

Tarzana condos

Sold +/- 2012 Median +/- 2012 Active Median Pending
185 +7 $255,000 +44.39% 34 $327,450 27

 

Seller’s Market Stable Market Buyers’ Market
Less than 5 months inventory 5 to 7 months inventory More than 7 months inventory

Home sales are up significantly in Sherman Oaks as is the median price.

Encino single family home sales are up with the sale of condos down slightly from the previous year. The median price of both shows a healthy rise.

Tarzana home sales are mostly similar to 2012 with the median price way up.

San Fernando Valley home sellers take note:  inventory remains low in all areas.

 

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