The median list price for Encino, CA is $3,375,000, with the Market Action Index (MAI) at 30, reflecting a slight seller’s advantage. Inventory remains steady at 163 homes, but the cooling MAI suggests a market leaning toward balance. Stay up to date on Encino’s shifting real estate trends!
Market Action Index
The Market Action Index (MAI) gauges market strength based on supply and demand:
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Current MAI: 30 (Slight Seller’s Advantage)
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Last Month’s MAI: 31
MAI has softened in recent weeks, indicating a slowdown in demand relative to inventory. If this trend continues, sellers may start to lose leverage.
Market Narrative
Encino’s real estate market has plateaued, with prices staying relatively steady but demand easing. The drop in MAI suggests a shift may be coming. If inventory continues to build while buyer demand remains tepid, prices could face downward pressure.
However, the current conditions still slightly favor sellers—especially for well-priced and move-in ready homes.
Real-Time Market Profile
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Median List Price: $3,375,000
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Median Price of New Listings: $2,624,500
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Price per Square Foot: $821
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Average Days on Market: 121
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Median Days on Market: 77
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Price Decreased: 33% of listings
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Price Increased: 1% of listings
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Relisted Properties: 17%
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Inventory: 163 properties
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Median Rent: $10,225/month
Market Segments
Encino listings are divided into four quartiles based on pricing, each representing roughly 25% of the market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $8,995,000 | 8,573 | 0.5 - 1 acre | 6 | 8 | 7 | 1 | 0 | 105 |
| $3,999,000 | 4,973 | 0.25 - 0.5 acre | 5 | 5.5 | 51 | 2 | 3 | 70 |
| $2,499,000 | 3,520 | 0.25 - 0.5 acre | 5 | 4 | 61 | 3 | 2 | 91 |
| $1,539,999 | 2,053 | 4,500 - 6,500 sqft | 4 | 3 | 73 | 4 | 7 | 56 |
Conclusion
Encino remains in a seller-leaning market, but momentum is fading. The cooling Market Action Index hints at a shift on the horizon. If inventory continues to climb, expect increased competition and possible price adjustments.
Contact Information
For tailored advice and off-market opportunities in Encino, contact your local real estate experts:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay informed and ahead of the market with weekly updates from Encino’s trusted real estate professionals.
