This Week’s Market Overview
This week, the median list price for Encino, CA is $3,350,000, with the Market Action Index (MAI) at 33, slightly down from last month’s 34. Inventory has increased to 145 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: 33 (Slight Seller’s Advantage)
- Last Month’s MAI: 34
The Encino market remains stable, but an increase in inventory could indicate a potential cooling trend. Buyers should monitor the MAI to determine if demand begins to shift.
Market Narrative
Recent market data shows Encino’s home prices holding steady, while inventory levels are rising. If the supply continues to grow, the balance may shift toward buyers, leading to potential price adjustments.
Real-Time Market Profile
Key market data for Encino this week:
- Median List Price: $3,350,000
- Median Price of New Listings: $4,224,500
- Price per Square Foot: $880
- Average Days on Market: 126
- Median Days on Market: 98
- Price Decreased: 33% of listings
- Price Increased: 5% of listings
- Relisted Properties: 26%
- Inventory: 145 properties
- Median Rent: $10,475 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 |
|---|---|---|---|---|---|---|---|---|
| $8,575,950 | 8,504 | 0.5 - 1 acre | 6 | 7.8 | 5 | 4 | 1 | 133 |
| $4,249,500 | 5,034 | 0.25 - 0.5 acre | 5 | 5.5 | 58 | 5 | 4 | 105 |
| $2,499,000 | 3,354 | 0.25 - 0.5 acre | 4 | 4 | 61 | 3 | 1 | 31 |
| $1,749,000 | 2,030 | 4,500 - 6,500 sqft | 3 | 2.5 | 73 | 4 | 2 | 70 |
Conclusion
The Encino market remains strong for sellers, but the increase in inventory may indicate a shifting trend. Buyers and sellers should closely monitor the Market Action Index and inventory levels to anticipate future price movements.
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!
