SOURCE: WestsideRentals.com

March 20, 2007 13:32 ET

Los Angeles Apartments and Rentals Rent Survey: San Fernando Valley -- West Area February 2007

This Survey Report Contains Statistical and Sample Vacancy and Rental Housing Market Information for Los Angeles Rentals, Including Los Angeles Apartments, Los Angeles Condos, Los Angeles Guest Houses and Los Angeles Homes for Rent; Specific Areas Covered in This Survey Include Canoga Park, Chatsworth, Northridge, Reseda, West Hills, Winnetka, Woodland Hills, Lake Balboa, Porter Ranch, Encino, Tarzana, Agoura Hills, Agoura, and Calabasas

SANTA MONICA, CA -- (MARKET WIRE) -- March 20, 2007 -- Since 1996 WestsideRentals.com has successfully connected hundreds of thousands of quality tenants with landlords and roommates. WestsideRentals.com is the definitive location for owners and managers of Los Angeles rentals to locate quality tenants searching for apartments in Los Angeles, condos in Los Angeles, houses for rent in Los Angeles, and guest houses for rent in Los Angeles. Initially started in Santa Monica, due to overwhelming demand from landlords in need of quality tenants to fill their vacancies, WestsideRentals.com has grown to cover most of Southern California. As a service to the rental community we regularly publish rent surveys to assist in making the rental market more transparent and efficient for all of its participants.

For February 2007, the average listed rent price of all listed rentals in these areas was $2,052.97, representing a 0.4% decrease in rent prices over two months ago. This was a general price decrease across all rental types, with about 47% of listings in the San Fernando Valley -- West region being houses, duplexes, or triplexes, as opposed to apartments, condos, or townhouses. This ratio of houses to apartments was relatively unchanged over two months ago, when approximately 46% of listings in these areas were listed as houses, etc.

There was a shift toward more studios and one bedroom houses and apartments listed for rent. Two months ago, approximately 27% of listings in the San Fernando Valley -- West region were studios, singles, and one bedrooms. For February 2007, that percentage has increased to approximately 27%.

The largest rent decreases occurred in West Hills, where the total decrease was 20.7% and Winnetka, where the total decrease was 14.1%. Rent prices also decreased in Woodland Hills (down 5.3%), Reseda (down 4.1%), Canoga Park (down 4.0%), Lake Balboa (down 1.7%), Encino (down 1.2%), and Northridge (down 1.0%).

Rent prices increased in Agoura Hills by 33.5% and Calabasas by 21.8%. Rent prices were also up in Tarzana (up 13.2%), Porter Ranch (up 12.2%), and Chatsworth (up 6.5%).

This data is based on the listings at WestsideRentals.com, which are based entirely on the information provided by landlords who choose to list their vacancies on the service. WestsideRentals.com believes that the search for housing is a very personalized process. The best way for an individual to get educated on current market trends is to see the market in action. Register today to receive Free Listings in your email.

Additional information from this rent survey, including high-resolution charts and detailed reports for each area in this region, can be found at http://www.westsiderentals.com/rentsurvey.cfm?survey=26_070314_A. All current and historical WestsideRentals.com rent surveys can be found at http://www.westsiderentals.com/rentsurvey/archive.cfm

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