One of my favorite resources for what’s going on in the market (beside Redfin) is DataQuick. It’s where I go to see the monthly reports on how many properties sold in a month, for how much, and whether the market is up or down from last year.
So now, the results for August are in. So I thought it would be a good time to look at how the various markets in the Valley were doing overall. Here’s the snapshot of single-family homes that sold.
Calabasas home prices are down 28.8% year-over-year for the month of August. Seven homes sold with a median price of $1,155,000. The median price per square foot came out to be $320.
In Encino, there’s a huge disparity between the 91316 and the 91436 zip codes. In the 91316 zip code, where the homes tend to be north of the Boulevard, 21 homes sold with a median price of $627,000. Prices dropped 7.5% from last year, bringing the median price per square foot to $394. The pricier 91436 zip code came down 16% from last year with a median price of $1,050,000. There were 14 homes that sold with a median price per square foot of $372.
Moving east in the Valley, we get to Sherman Oaks. The 91403 zip code, which lies mostly just east of the 405, dropped 23.8% from 2007. There were 11 homes that sold at a median price of $738,000 and a median of $470 a square foot. Moving still further east to the 91423 zip code, the median price goes up to $968,000. And the year-over-year actually went up 8.2% while the median cost per square foot was $385.
Studio City budged very slightly from last year. The median price moved up .5% to $1,025,000. There were 20 homes that sold at a median cost per square foot of $473.
Want a little more value for your dollar? Then head back west over to Woodland Hills. The overall price difference between zip codes north and south of the Boulevard have become less so. Interestingly enough, there were 20 homes that sold in the 91364 zip code (south of the Boulevard) and the median price ended up at $593,000. August prices dropped 23.4% from last year with a median price per square foot of $324. The 91367 zip code (north of the Boulevard) dropped 21.4% to a median price of $570,000. There were 23 homes that sold with a median price per square foot of $302.