This Week’s Market Overview
The median list price for Encino, CA is $3,249,000, with the Market Action Index (MAI) at 29, indicating a slight buyer’s advantage. Inventory has grown to 163 active listings, continuing the trend of increasing supply. Stay informed with the latest insights on the Encino real estate market!
Market Action Index
The Market Action Index (MAI) answers “How’s the Market?” by comparing the rate of sales versus inventory:
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Current MAI: 29 (Slight Buyer’s Advantage)
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Last Month’s MAI: 30
The market continues to soften as inventory builds and buyer demand remains modest. Unless there’s a notable uptick in buyer activity, downward pressure on prices is likely to persist.
Market Narrative
Encino’s real estate market has remained consistently cool for several weeks. With low demand relative to inventory, buyers are gaining more negotiating power. Prices have begun to ease downward, and unless the MAI starts to rise again, this trend is expected to continue.
Watch for sustained changes in the MAI as a signal of potential price stabilization or reversal.
Real-Time Market Profile
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Median List Price: $3,249,000
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Median Price of New Listings: $2,549,500
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Price per Square Foot: $826
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Average Days on Market: 122
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Median Days on Market: 77
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Price Decreased: 43% of listings
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Price Increased: 3% of listings
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Relisted Properties: 21%
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Inventory: 163 properties
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Median Rent: $10,700/month
Market Segments
Encino’s market is divided into four pricing segments, each representing roughly 25% of active listings:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $8,995,000 | 8,637 | 0.5 - 1 acre | 6 | 8 | 6 | 1 | 1 | 91 |
| $3,999,000 | 4,709 | 0.25 - 0.5 acre | 5 | 5.5 | 49 | 3 | 0 | 70 |
| $2,495,000 | 3,354 | 0.25 - 0.5 acre | 4 | 4 | 62 | 4 | 3 | 77 |
| $1,595,000 | 2,030 | 4,500 - 6,500 sqft | 4 | 2.5 | 70 | 4 | 7 | 56 |
Conclusion
Encino is currently leaning toward a buyer’s market, with increased inventory and softened price activity. Sellers may need to adjust expectations, while buyers could find opportunities in negotiation and price reductions. Keep a close eye on the MAI for early signals of a potential market shift.
Contact Information
For expert insights and access to exclusive listings in Encino, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
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