This week, the median list price for Encino, CA is $3,499,000, with the Market Action Index (MAI) at 34, up from last month’s 33. Inventory has increased to 131 properties, maintaining a slight seller’s advantage. Stay informed with the latest Encino market trends!
Market Action Index
The Market Action Index tracks supply and demand balance:
- Current MAI: 34 (Slight Seller’s Advantage)
- Last Month’s MAI: 33
The market continues to heat up, with increased buyer demand and limited inventory driving prices upward. If this trend holds, expect continued price appreciation.
Market Narrative
Encino’s real estate market is gaining momentum, with steady price increases and strong buyer demand outpacing available inventory. Sellers remain in a favorable position, while buyers should act quickly to secure properties before further price hikes.
Real-Time Market Profile
Key market data for Encino this week:
- Median List Price: $3,499,000
- Median Price of New Listings: $2,519,500
- Price per Square Foot: $861
- Average Days on Market: 133
- Median Days on Market: 91
- Price Decreased: 29% of listings
- Price Increased: 3% of listings
- Relisted Properties: 24%
- Inventory: 131 properties
- Median Rent: $10,750 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 |
|---|---|---|---|---|---|---|---|---|
| $7,622,000 | 8,204 | 0.5 - 1 acre | 6 | 7.8 | 6 | 4 | 6 | 136 |
| $4,095,000 | 4,910 | 0.25 - 0.5 acre | 5 | 5.5 | 59 | 1 | 0 | 84 |
| $2,595,000 | 3,397 | 0.25 - 0.5 acre | 4 | 4 | 66 | 5 | 2 | 98 |
| $1,649,999 | 2,012 | 4,500 - 6,500 sqft | 3 | 2.5 | 74 | 6 | 7 | 77 |
Conclusion
Encino remains a strong seller’s market, with growing demand and rising prices. Buyers should act strategically, while sellers can capitalize on strong pricing trends before market conditions shift.
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 insights in Encino!
