This Week's Market Overview
The median list price for Encino, CA is $3,399,000, with the Market Action Index (MAI) at 32, holding steady from last month. Inventory has decreased to 107 properties, reflecting a continued seller's advantage.
Market Action Index
Current MAI: 32 (Slight Seller's Advantage) | Last Month's MAI: 32
Encino's market remains in the Seller's zone, with strong demand and limited inventory. As long as these conditions persist, prices are likely to continue their upward trend.
Market Narrative
Encino's real estate market is heating up, with strong buyer demand and fewer available homes. This has led to sustained price increases. Unless inventory rises significantly, the market is expected to maintain this trend.
Real-Time Market Profile
- Median List Price: $3,399,000
- Median Price of New Listings: $3,499,999
- Price per Sq Ft: $823
- Average Days on Market: 149
- Median Days on Market: 112
- % Price Decreased: 34%
- % Price Increased: 3%
- Relisted Properties: 27%
- Inventory: 107 properties
- Median Rent: $9,000/month
Market Segments
| Median Price | Sq Ft | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $6,350,000 | 7,500 | 0.25–0.5 acre | 6 | 7.5 | 6 | 4 | 0 | 140 |
| $3,995,000 | 4,646 | 0.25–0.5 acre | 5 | 5 | 59 | 5 | 0 | 91 |
| $2,555,000 | 3,365 | 0.25–0.5 acre | 4 | 4 | 61 | 3 | 0 | 119 |
| $1,699,000 | 2,200 | 4,500–6,500 sqft | 4 | 3 | 76 | 3 | 2 | 77 |
Conclusion
The Encino market remains in a strong seller's position, with rising prices and decreasing inventory. Buyers should act quickly to secure properties before competition intensifies, while sellers can benefit from favorable market conditions.
Contact Information
Andrew: (818) 370-6121 | [email protected]
Fran: (818) 517-1411 | [email protected]
