Encino, CA Real Estate Market Update

Encino, CA Real Estate Market Update

This week, the median list price for Encino, CA is $2,919,500, with the Market Action Index (MAI) dropping to 33 from last month's 35, indicating a slight seller's advantage. Inventory has risen to 146 active listings. Stay updated with the Encino market trends!

Market Action Index

The Market Action Index helps answer "How's the Market?" by comparing the rate of sales with the available inventory.

  • Current MAI: 33 (Slight Seller's Advantage)
  • Last Month's MAI: 35

The MAI has decreased over time, indicating cooling market conditions. However, Encino is still in a Seller’s Market, meaning there is enough demand to keep the inventory low. If the MAI starts to rise again, we may see prices begin to climb. Conversely, if the MAI continues to fall or shifts into the Buyer’s zone, downward pressure on prices could follow.

Market Narrative

Encino’s market is seeing a cooling trend as the MAI continues to decrease, and prices have flattened. While still a Seller’s Market, this could be an early sign of shifting dynamics. If the MAI drops further, it may create opportunities for buyers, but sellers still hold a slight advantage for now.

Real-Time Market Profile

Stay informed with the latest data from the Encino market:

  • Median List Price: $2,919,500
  • Median Price of New Listings: $2,495,000
  • Price per Square Foot: $823
  • Average Days on Market: 108
  • Median Days on Market: 77
  • Price Decreased: 46% of listings
  • Price Increased: 2% of listings
  • Relisted Properties: 24% of listings
  • Inventory: 146 homes
  • Median Rent: $11,500 per month

Nearly half of the listings have experienced price reductions, signaling possible opportunities for buyers. Sellers still hold an advantage, but the increasing inventory and cooling MAI suggest the market could become more balanced soon.

Market Segments

Here’s an overview of Encino’s market segments, each representing approximately 25% of the market:

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$6,939,000 7,503 0.25 - 0.5 acre 6 7 7 2 0 98
$3,995,000 4,564 0.25 - 0.5 acre 5 5 48 7 7 87
$2,500,000 3,216 0.25 - 0.5 acre 4 3 62 8 0 63
$1,695,000 2,148 4,500 - 6,500 sqft 3 3 72 8 5 49

This breakdown reflects the wide range of properties available in Encino, from expansive estates to smaller, family-oriented homes.

Conclusion

Encino's real estate market remains slightly in favor of sellers, but a cooling trend is becoming apparent as inventory rises and the Market Action Index decreases. Buyers should watch for changes, as continued declines in the MAI could shift the market in their favor.

Contact Information

For personalized advice and detailed insights into the Encino real estate market, reach out to the local experts at Spitz Chavez Group.

Stay tuned for future market updates!

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Annually, Andrew and Fran are named one of America’s Best Real Estate Professional Teams by RealTrends as advertised in The Wall Street Journal ranking them in the top 1% of more than 1.6 million licensed Real Estate Agents. Locally, they are proud to be ranked among the Top 100 Real Estate Agents in LA County by the Los Angeles Business Journal, and honored to be named “Real Estate All Stars” by Los Angeles Magazine.

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