The median list price for Encino, CA is $3,679,500, with the Market Action Index (MAI) at 34, indicating a slight seller’s advantage. Inventory has increased to 144 properties, keeping the market relatively stable. Stay informed with the latest market trends!
Market Action Index
The Market Action Index measures supply and demand balance:
- Current MAI: 34 (Slight Seller’s Advantage)
- Last Month’s MAI: 34
The market remains steady, but an increase in demand could drive prices upward.
Market Narrative
The Encino real estate market is holding steady, with low inventory keeping sellers in control. However, if the market heats up further, prices are likely to rise.
Real-Time Market Profile
Here’s a snapshot of key market data:
- Median List Price: $3,679,500
- Median Price of New Listings: $3,599,000
- Price per Square Foot: $876
- Average Days on Market: 125
- Median Days on Market: 56
- Price Decreased: 35% of listings
- Price Increased: 3% of listings
- Relisted Properties: 24%
- Inventory: 144 properties
- Median Rent: $10,500 per month
Market Segments
The market is divided into four pricing segments, each representing 25% of available listings:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $8,973,500 | 8,573 | 0.5 - 1 acre | 6 | 7.8 | 5 | 3 | 0 | 91 |
| $4,485,000 | 5,178 | 0.25 - 0.5 acre | 5 | 5.8 | 47 | 3 | 3 | 56 |
| $2,974,500 | 3,551 | 0.25 - 0.5 acre | 4 | 4 | 61 | 2 | 0 | 84 |
| $1,798,950 | 2,030 | 6,500 - 8,000 sqft | 4 | 3 | 72 | 5 | 4 | 45 |
Conclusion
Encino remains in a slight seller’s market, but inventory is growing, giving buyers more options. If demand strengthens, prices could increase further. Keep an eye on the Market Action Index for any changes.
Contact Information
For expert insights and real estate opportunities in Encino, contact 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!
