This Week’s Market Overview
The median list price for Encino, CA is $3,224,500, with the Market Action Index (MAI) holding steady at 30, indicating a slight seller’s advantage. Inventory remains stable at 154 homes, reflecting a balanced but cooling market. Stay informed on Encino real estate trends!
Market Action Index
The Market Action Index (MAI) compares the rate of sales to inventory levels:
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Current MAI: 30 (Slight Seller’s Advantage)
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Last Month’s MAI: 30
The MAI has been gradually declining, and while prices remain stable, increasing inventory could put downward pressure on values if demand does not pick up.
Market Narrative
Encino’s housing market continues to show signs of softening. Although prices haven’t moved significantly, the decreasing MAI signals a shift in market momentum.
If supply continues to increase without a rise in buyer activity, expect potential price corrections. However, should demand strengthen, the market could stabilize or trend back toward stronger seller conditions.
Real-Time Market Profile
A snapshot of this week’s market stats:
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Median List Price: $3,224,500
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Median Price of New Listings: $2,197,000
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Price per Square Foot: $866
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Average Days on Market: 128
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Median Days on Market: 70
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Price Decreased: 38% of listings
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Price Increased: 3% of listings
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Relisted Properties: 20%
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Inventory: 154 homes
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Median Rent: $11,450/month
Market Segments
Encino’s market is segmented into four pricing tiers, each representing about 25% of active listings:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $8,997,000 | 8,700 | 0.5 - 1 acre | 6 | 7.8 | 5 | 0 | 1 | 84 |
| $4,122,500 | 4,678 | 0.25 - 0.5 acre | 5 | 5.5 | 56 | 2 | 1 | 80 |
| $2,499,000 | 3,354 | 0.25 - 0.5 acre | 4 | 4 | 63 | 2 | 1 | 63 |
| $1,699,000 | 2,076 | 4,500 - 6,500 sqft | 4 | 3 | 70 | 4 | 6 | 70 |
Conclusion
Encino’s market remains in a slight seller’s zone but shows signs of cooling. Watch the Market Action Index in the coming weeks—if it dips further, buyer leverage may increase. If the MAI rebounds, sellers may regain momentum.
Contact Information
For expert guidance and access to exclusive listings in Encino, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay ahead of the curve with Encino’s latest real estate insights!
