This Week's Market Overview
The median list price for Encino, CA 91316 is $2,650,000. Inventory has increased to 77 active homes, while the Market Action Index remains at 34, maintaining a slight seller's advantage despite a gradually moderating market.
Market Action Index
Current MAI: 34 (Slight Seller's Advantage) | Last Month's MAI: 34
The Market Action Index remains unchanged from last month, indicating that while buyers continue to compete for desirable homes, additional inventory is creating a more balanced environment than earlier this year.
Market Narrative
The 91316 market continues to transition toward a healthier balance between buyers and sellers. Inventory has increased while buyer demand has moderated, creating additional opportunities for buyers and encouraging sellers to price competitively.
Although prices have pulled back from earlier highs, the market continues to favor sellers overall. Updated homes in established neighborhoods remain the most sought after, while properties requiring renovations or priced above comparable sales are experiencing longer marketing times and increased negotiation.
Real-Time Market Profile
Median List Price: $2,650,000
Median Price of New Listings: $2,346,500
Price per Sq Ft: $819
Average Days on Market: 120
Median Days on Market: 63
Price Decreased: 32%
Price Increased: 1%
Relisted: 16%
Inventory: 77 properties
Median Rent: $4,500/month
Market Segments
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
$6,545,000 | 6,504 | 0.25–0.5 acre | 6 | 6.5 | 9 | 1 | 2 | 52 |
$3,395,000 | 4,369 | 0.25–0.5 acre | 5 | 5.5 | 55 | 0 | 1 | 91 |
$1,995,000 | 2,600 | 0.25–0.5 acre | 4 | 3 | 68 | 5 | 2 | 42 |
$1,295,000 | 1,608 | 4,500–6,500 sqft | 3 | 2 | 77 | 0 | 1 | 70 |
Conclusion
Encino 91316 remains a healthy market with a slight advantage for sellers, though increasing inventory has created additional opportunities for buyers. Homes that are accurately priced and thoughtfully presented continue to perform best, while the market rewards realistic seller expectations.
Contact Information
Andrew: (818) 370-6121 | [email protected]
Fran: (818) 517-1411 | [email protected]
