This week, the median list price for Encino, CA is $3,650,000, with the Market Action Index (MAI) at 34, maintaining a slight seller’s advantage. Inventory has increased to 119 properties. Stay informed with the latest trends in the Encino market!
Market Action Index
The Market Action Index tracks supply and demand balance:
- Current MAI: 34 (Slight Seller’s Advantage)
- Last Month’s MAI: 34
While the market has not exhibited strong directional trends, inventory remains low, supporting a seller’s market. Prices have shown steady upward movement.
Market Narrative
Encino’s real estate market continues to be competitive, with demand outpacing supply in key price segments. Buyers should anticipate continued pricing pressure, while sellers remain in a favorable position. If market activity increases, prices may trend even higher.
Real-Time Market Profile
Key market data for Encino this week:
- Median List Price: $3,650,000
- Median Price of New Listings: $3,145,000
- Price per Square Foot: $842
- Average Days on Market: 144
- Median Days on Market: 105
- Price Decreased: 34% of listings
- Price Increased: 3% of listings
- Relisted Properties: 32%
- Inventory: 119 properties
- Median Rent: $9,250 per month
Market Segments
Encino properties are categorized into four key segments, each representing approximately 25% of the market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $7,999,999 | 8,352 | 0.5 - 1 acre | 6 | 8 | 6 | 7 | 2 | 126 |
| $4,247,500 | 5,161 | 0.25 - 0.5 acre | 5 | 5.5 | 53 | 4 | 4 | 129 |
| $2,674,000 | 3,402 | 0.25 - 0.5 acre | 4 | 4 | 61 | 6 | 3 | 105 |
| $1,624,499 | 2,000 | 4,500 - 6,500 sqft | 3 | 2.5 | 75 | 8 | 3 | 77 |
Conclusion
Encino remains a highly desirable market, with low inventory and strong demand keeping it in a seller’s market. Buyers should act quickly, while sellers can capitalize on competitive conditions to maximize value.
Contact Information
For expert insights and real estate opportunities in Encino, reach out to the Spitz Chavez Group:
- Andrew: (818) 453-9119 | [email protected]
- Fran: (818) 517-1411 | [email protected]
Stay ahead with the latest market updates in Encino!
