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 |
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 |
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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