Market Overview
The median list price for Encino, CA remains at $3,599,000, with the Market Action Index (MAI) decreasing to 30. This is a decline from last month's MAI of 35, indicating a cooling market. Inventory has risen to 153, increasing supply. Stay updated on Encino's real estate trends!
Market Action Index
The Market Action Index (MAI) measures market conditions based on inventory and sales rates:
-
Current MAI: 30 (Slight Seller’s Advantage)
-
Last Month’s MAI: 35
Encino's market is seeing more supply than demand, creating a cooler environment. However, prices have been rising—potentially due to larger, newer homes entering the market.
Market Narrative
While the market is loosening, with more listings and less competition, prices have been increasing in recent weeks. This could be due to higher-end homes hitting the market, rather than a true appreciation in values.
If inventory keeps rising, expect downward price pressure unless demand picks up.
Real-Time Market Profile
Here’s a snapshot of current key metrics in Encino:
-
Median List Price: $3,599,000
-
Median Price of New Listings: $3,274,975
-
Price per Square Foot: $860
-
Average Days on Market: 124
-
Median Days on Market: 63
-
Price Decreased: 35% of listings
-
Price Increased: 3% of listings
-
Relisted Properties: 17%
-
Inventory: 153 properties
-
Median Rent: $8,900 per month
Market Segments
Encino's real estate market is divided into four pricing segments, each representing 25% of listings:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $8,995,000 | 9,211 | 0.5 - 1 acre | 6 | 8 | 6 | 3 | 1 | 66 |
| $4,483,500 | 5,065 | 0.25 - 0.5 acre | 5 | 5.5 | 45 | 2 | 4 | 66 |
| $2,797,500 | 3,526 | 0.25 - 0.5 acre | 4 | 4 | 61 | 3 | 2 | 52 |
| $1,789,000 | 2,076 | 4,500 - 6,500 sqft | 4 | 3 | 69 | 4 | 5 | 56 |
Conclusion
Encino remains a slight seller’s market, but rising inventory and a declining Market Action Index suggest a shift toward balance.
If inventory continues to climb, buyers may gain leverage. However, if demand strengthens, price growth may persist.
Contact Information
For expert insights and exclusive real estate opportunities in Encino, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay ahead of the market with the latest Encino real estate updates!
