This Week’s Market Overview
The median list price for Encino, CA is $2,999,999, with the Market Action Index (MAI) at 29, signaling a slight buyer’s advantage. Inventory has increased to 162 active listings, offering buyers more choices in the current market. Stay informed on Encino real estate trends!
Market Action Index
The Market Action Index measures the balance between supply and demand:
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Current MAI: 29 (Slight Buyer’s Advantage)
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Last Month’s MAI: 31
This decline in MAI suggests cooling market momentum. Buyers may begin to see increased leverage in negotiations if this trend continues.
Market Narrative
Encino’s market conditions have softened slightly. With inventory climbing and MAI slipping below 30, demand is no longer outpacing supply. While prices have remained steady, the trend suggests potential for price adjustments ahead if buyer activity doesn’t pick up.
Keep an eye on the MAI—continued downward movement could shift pricing strategies, while a rebound could reignite seller leverage.
Real-Time Market Profile
Here’s a current snapshot of the market:
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Median List Price: $2,999,999
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Median Price of New Listings: $2,295,000
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Price per Square Foot: $837
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Average Days on Market: 119
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Median Days on Market: 74
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Price Decreased: 38% of listings
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Price Increased: 2% of listings
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Relisted Properties: 19%
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Inventory: 162 properties
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Median Rent: $10,900/month
Market Segments
Encino’s market is divided into four pricing tiers representing roughly 25% of the listings:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $8,995,000 | 8,573 | 0.5 - 1 acre | 6 | 8 | 6 | 5 | 3 | 87 |
| $3,936,000 | 4,618 | 0.25 - 0.5 acre | 5 | 5.3 | 49 | 6 | 2 | 63 |
| $2,449,000 | 3,159 | 0.25 - 0.5 acre | 4 | 3.5 | 63 | 2 | 1 | 70 |
| $1,599,000 | 2,030 | 4,500 - 6,500 sqft | 4 | 3 | 70 | 10 | 5 | 63 |
Conclusion
Encino is now leaning slightly in favor of buyers. Sellers should price strategically, as increased inventory and market cooling may drive negotiation flexibility. Buyers have more options and a bit more leverage than in recent months.
Contact Information
For tailored insights and exclusive listings in Encino, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay ahead of the market with trusted local expertise!
