The median list price for Encino, CA is $2,999,999, with the Market Action Index (MAI) steady at 30, signaling a slight seller’s advantage. Inventory remains stable at 150 homes, reflecting a plateau in market activity. Stay tuned for shifts in the Encino real estate landscape.
Market Action Index
The Market Action Index (MAI) compares the rate of home sales against inventory to assess market heat:
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Current MAI: 30 (Slight Seller’s Advantage)
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Last Month’s MAI: 30
Although still in seller territory, the index remains flat. Continued inventory without increased demand could shift the advantage toward buyers.
Market Narrative
Encino's real estate market has been cooling slightly. Prices and inventory levels have stabilized, but the slowing momentum suggests the potential for shifts ahead.
If the MAI continues to hold or decline, sellers may face increased competition. A rising MAI, however, would signal strengthening demand and possible upward pricing pressure.
Real-Time Market Profile
Here’s a detailed snapshot of current conditions:
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Median List Price: $2,999,999
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Median Price of New Listings: $1,947,500
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Price per Square Foot: $852
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Average Days on Market: 128
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Median Days on Market: 77
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Price Decreased: 35% of listings
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Price Increased: 2% of listings
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Relisted Properties: 19%
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Inventory: 150 homes
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Median Rent: $10,500/month
Market Segments
Encino’s housing market is split into four pricing quartiles, each representing about 25% of listings:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $8,999,000 | 8,856 | 0.5 - 1 acre | 6 | 8 | 5 | 0 | 0 | 91 |
| $3,999,000 | 4,709 | 0.25 - 0.5 acre | 5 | 5.5 | 45 | 1 | 6 | 84 |
| $2,497,000 | 3,229 | 0.25 - 0.5 acre | 4 | 3.5 | 63 | 2 | 3 | 63 |
| $1,670,000 | 2,030 | 4,500 - 6,500 sqft | 3 | 3 | 70 | 5 | 3 | 66 |
Conclusion
Encino continues to lean slightly in favor of sellers, though market activity is subdued. Keep an eye on the Market Action Index for early signs of change. Buyers may find value opportunities if inventory rises further.
Contact Information
For personalized insights and exclusive listings in Encino, reach out to:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay informed and ready to act in Encino’s evolving market!
