This Week’s Market Overview
The median list price for Encino, CA is $3,224,500, with the Market Action Index (MAI) holding steady at 30, indicating a slight seller’s advantage. Inventory remains consistent at 164 homes, suggesting a balanced—though slightly seller-favored—market environment.
Market Action Index
The Market Action Index gauges the balance between supply and demand:
-
Current MAI: 30 (Slight Seller’s Advantage)
-
Last Month’s MAI: 30
Although the market has softened somewhat, demand and supply have reached a relative balance. Buyers may still have negotiating power, but sellers retain some pricing advantage.
Market Narrative
Encino’s real estate market appears to be stabilizing. Both prices and inventory have held relatively flat, and the market remains in a slight seller's zone. Watch the Market Action Index—any upward trend could signal renewed competition and pricing pressure.
Real-Time Market Profile
-
Median List Price: $3,224,500
-
Median Price of New Listings: $2,399,000
-
Price per Square Foot: $824
-
Average Days on Market: 122
-
Median Days on Market: 77
-
Price Decreased: 35% of listings
-
Price Increased: 1% of listings
-
Relisted Properties: 20%
-
Inventory: 164 properties
-
Median Rent: $9,700/month
Market Segments
Encino’s listings break down into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $7,195,000 | 8,040 | 0.5 - 1 acre | 6 | 7.5 | 7 | 1 | 4 | 112 |
| $3,895,000 | 4,800 | 0.25 - 0.5 acre | 5 | 5.5 | 54 | 2 | 1 | 77 |
| $2,497,000 | 3,260 | 0.25 - 0.5 acre | 4 | 4 | 61 | 1 | 2 | 112 |
| $1,599,950 | 1,954 | 4,500 - 6,500 sqft | 3 | 2.5 | 74 | 4 | 3 | 49 |
Conclusion
Encino remains in a slight seller’s market, with prices and activity showing stability. While it’s not a highly competitive environment, sellers still have a modest edge. Buyers should keep an eye on the MAI—if it climbs, the market could tighten quickly.
Contact Information
For expert advice and exclusive property opportunities in Encino, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay ahead of the curve with weekly Encino real estate updates.
