This Week’s Market Overview
The median list price for Encino, CA is $3,345,400, with the Market Action Index (MAI) at 30, reflecting a slight seller’s advantage. Inventory remains steady at 166 properties, suggesting a stable—yet cooling—market environment.
Market Action Index
The Market Action Index analyzes the balance between supply and demand:
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Current MAI: 30 (Slight Seller’s Advantage)
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Last Month’s MAI: 30
Although the MAI hasn't changed since last month, it remains on the lower end of the seller's zone. Any further cooling could push the market toward a buyer's favor.
Market Narrative
The Encino real estate market is showing signs of stabilizing. Prices and inventory levels have remained relatively flat in recent weeks, with limited signs of acceleration in either direction. While sellers still hold a mild advantage, a continued decline in MAI could signal a shift toward more balanced or buyer-friendly conditions.
Real-Time Market Profile
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Median List Price: $3,345,400
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Median Price of New Listings: $2,775,000
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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: 81
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Price Decreased: 31% of listings
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Price Increased: 1% of listings
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Relisted Properties: 19%
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Inventory: 166 homes
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Median Rent: $8,925/month
Market Segments
Encino’s real estate is segmented into four pricing tiers, each representing roughly 25% of the market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $7,995,000 | 8,131 | 0.5 - 1 acre | 6 | 7.8 | 7 | 2 | 1 | 112 |
| $3,999,000 | 4,801 | 0.25 - 0.5 acre | 5 | 6 | 55 | 4 | 3 | 84 |
| $2,574,000 | 3,360 | 0.25 - 0.5 acre | 4 | 4 | 62 | 3 | 9 | 73 |
| $1,480,000 | 1,983 | 4,500 - 6,500 sqft | 4 | 2.5 | 73 | 4 | 5 | 42 |
Conclusion
The Encino market remains balanced with a slight advantage to sellers. As prices plateau and inventory holds steady, it’s important to monitor the Market Action Index for any directional shifts. Buyers may find more leverage if the MAI dips further.
Contact Information
For personalized insights and access to exclusive Encino listings, reach out to:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay ahead of the market with the latest Encino real estate insights.
