<h2>This Week’s Market Overview</h2>
<p>
The median list price for <strong>Encino, CA 91316</strong> is <strong>$1,325,000</strong>, showing a steady and competitive mid-to-upper-tier market.
Inventory is currently around <strong>176 homes</strong>, reflecting a balanced-to-slight seller’s market as demand remains consistent despite seasonal slowing.
</p>
<hr>
<h2>Market Action Index</h2>
<p><em>The Market Action Index (MAI) gauges the balance between supply and demand.</em></p>
<ul>
<li><strong>Current MAI:</strong> 37 (Slight Seller’s Advantage)</li>
<li><strong>Last Month’s MAI:</strong> 36</li>
</ul>
<p>
The MAI has ticked up slightly, indicating that buyer activity continues to absorb available listings.
If this trend persists, sellers could retain pricing strength through the remainder of the fall season.
</p>
<hr>
<h2>Market Narrative</h2>
<p>
Market conditions in <strong>91316</strong> have remained healthy throughout the year.
The median sale price recently landed around <strong>$1,083,000</strong>, up approximately 5% year-over-year,
while homes are taking slightly longer to sell compared to early 2025.
Transaction volume has softened modestly, but serious buyers continue to pursue well-priced properties —
particularly updated single-family homes in desirable pockets west of Balboa and north of Ventura Boulevard.
</p>
<hr>
<h2>Real-Time Market Profile</h2>
<ul>
<li><strong>Median List Price:</strong> $1,325,000</li>
<li><strong>Median Price of New Listings:</strong> $1,275,000</li>
<li><strong>Price per Square Foot:</strong> $689</li>
<li><strong>Average Days on Market:</strong> 74</li>
<li><strong>Median Days on Market:</strong> 60</li>
<li><strong>Price Decreased:</strong> 27% of listings</li>
<li><strong>Price Increased:</strong> 3% of listings</li>
<li><strong>Relisted Properties:</strong> 10%</li>
<li><strong>Inventory:</strong> 176 properties</li>
<li><strong>Median Rent:</strong> $3,295 / month</li>
</ul>
<hr>
<h2>Market Segments</h2>
<p>Encino 91316 listings are divided into four pricing segments:</p>
<table>
<thead>
<tr>
<th>Median Price</th>
<th>Sq. Ft.</th>
<th>Lot Size</th>
<th>Beds</th>
<th>Bath</th>
<th>Age</th>
<th>New</th>
<th>Absorbed</th>
<th>DOM</th>
</tr>
</thead>
<tbody>
<tr>
<td>$2,375,000</td>
<td>3,950</td>
<td>10,000 – 15,000 sqft</td>
<td>5</td>
<td>5</td>
<td>15–25</td>
<td>1</td>
<td>1</td>
<td>68</td>
</tr>
<tr>
<td>$1,650,000</td>
<td>2,850</td>
<td>7,500 – 10,000 sqft</td>
<td>4</td>
<td>3</td>
<td>30–40</td>
<td>1</td>
<td>1</td>
<td>59</td>
</tr>
<tr>
<td>$1,095,000</td>
<td>2,000</td>
<td>5,000 – 8,000 sqft</td>
<td>3</td>
<td>2</td>
<td>40–50</td>
<td>1</td>
<td>1</td>
<td>55</td>
</tr>
<tr>
<td>$739,000</td>
<td>1,250</td>
<td>Condo / Small Lot</td>
<td>2–3</td>
<td>2</td>
<td>35–45</td>
<td>0</td>
<td>0</td>
<td>48</td>
</tr>
</tbody>
</table>
<hr>
<h2>Conclusion</h2>
<p>
<strong>Encino 91316</strong> remains a healthy and stable market with balanced conditions.
Prices continue to trend slightly upward year-over-year, though buyers are showing more patience in negotiations.
Sellers who price competitively and present their homes well still enjoy strong activity and short marketing timelines.
Buyers benefit from increased inventory and improved opportunities to secure properties without excessive competition.
</p>
<hr>
<h2>Contact Information</h2>
<p>
For expert insights and exclusive property opportunities in Encino 91316, contact:<br><br>
📞 <strong>Andrew Spitz:</strong> (818) 453-9119 | ✉️ <a href="mailto:[email protected]">[email protected]</a><br>
📞 <strong>Fran Chavez:</strong> (818) 517-1411 | ✉️ <a href="mailto:[email protected]">[email protected]</a><br><br>
Stay ahead of the curve with weekly Encino market updates.
</p>
