The median list price for Encino, CA is $3,200,000, with the Market Action Index (MAI) at 31, reflecting a slight seller’s advantage. Inventory has increased to 155 homes, suggesting a cooling trend. Stay informed with the latest Encino market activity!
Market Action Index
The Market Action Index (MAI) gauges market conditions based on the balance between supply and demand:
-
Current MAI: 31 (Slight Seller’s Advantage)
-
Last Month’s MAI: 32
While still in seller-favorable territory, the market is cooling. If MAI continues to fall, expect increased leverage for buyers. If it climbs again, sellers may regain momentum and push prices higher.
Market Narrative
The Encino market has seen flattening prices and rising inventory. Although sellers still hold the advantage, the consistent softening in demand reflected in the MAI may shift dynamics in the near term.
If the MAI rebounds, upward price pressure may resume. But if the index dips toward the buyer’s zone, price reductions could become more common.
Real-Time Market Profile
Here’s a snapshot of key market stats this week:
-
Median List Price: $3,200,000
-
Median Price of New Listings: $2,395,000
-
Price per Square Foot: $857
-
Average Days on Market: 125
-
Median Days on Market: 63
-
Price Decreased: 40% of listings
-
Price Increased: 3% of listings
-
Relisted Properties: 23%
-
Inventory: 155 properties
-
Median Rent: $11,250/month
Market Segments
Encino’s market breaks down into four pricing segments, each representing roughly 25% of available homes:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $9,249,500 | 9,012 | 0.5 - 1 acre | 6 | 8 | 5 | 0 | 3 | 80 |
| $4,095,000 | 4,709 | 0.25 - 0.5 acre | 5 | 5.5 | 46 | 2 | 2 | 77 |
| $2,499,000 | 3,354 | 0.25 - 0.5 acre | 4 | 4 | 62 | 6 | 1 | 63 |
| $1,699,000 | 2,076 | 4,500 - 6,500 sqft | 4 | 3 | 70 | 7 | 8 | 56 |
Conclusion
Encino remains in a slight seller’s market, though indicators are softening. If demand rebounds, expect upward price movement. If inventory continues to grow without matching demand, conditions may tilt in buyers’ favor.
Contact Information
For expert guidance and exclusive real estate opportunities in Encino, reach out to:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay ahead of the curve with the most accurate market insights in Encino!
