The median list price for Encino, CA is $3,599,000, with the Market Action Index (MAI) at 32, indicating a slight seller’s advantage. Inventory has increased to 153 properties, signaling a cooling trend in the market. Stay informed with the latest market trends!
Market Action Index
The Market Action Index measures supply and demand balance:
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Current MAI: 32 (Slight Seller’s Advantage)
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Last Month’s MAI: 33
The market has been cooling, and prices have recently flattened. If the MAI climbs, expect price growth. However, if the MAI continues to drop, prices may face downward pressure.
Market Narrative
Encino remains in a seller’s market, but demand is softening. Keep an eye on inventory levels and the Market Action Index—if the trend continues, the market may shift in favor of buyers.
Real-Time Market Profile
Key market insights for buyers and sellers:
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Median List Price: $3,599,000
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Median Price of New Listings: $2,395,000
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Price per Square Foot: $875
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Average Days on Market: 120
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Median Days on Market: 56
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Price Decreased: 33% of listings
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Price Increased: 3% of listings
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Relisted Properties: 21%
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Inventory: 153 properties
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Median Rent: $8,400 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 |
|---|---|---|---|---|---|---|---|---|
| $8,995,000 | 8,700 | 0.5 - 1 acre | 6 | 8 | 5 | 2 | 0 | 66 |
| $4,427,000 | 5,034 | 0.5 - 1 acre | 5 | 5.5 | 55 | 4 | 5 | 59 |
| $2,772,000 | 3,526 | 0.25 - 0.5 acre | 4 | 4 | 61 | 4 | 0 | 49 |
| $1,798,000 | 2,012 | 4,500 - 6,500 sqft | 4 | 3 | 70 | 7 | 3 | 49 |
Conclusion
Encino’s market is cooling but still in the seller’s zone. If inventory continues to rise and demand weakens, prices may adjust downward. Monitor the Market Action Index for future trends.
Contact Information
For expert insights and real estate opportunities in Encino, contact the Spitz Chavez Group:
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Andrew: (818) 453-9119 | [email protected]
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Fran: (818) 517-1411 | [email protected]
Stay ahead with the latest Encino market updates!
