This Week’s Market Overview
The median list price for Encino, CA is $3,198,000, with the Market Action Index (MAI) now at 31, reflecting a slight seller’s advantage. Inventory has declined to 157 homes, tightening conditions slightly compared to last month.
Market Action Index
The Market Action Index gauges the balance between supply and demand:
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Current MAI: 31 (Slight Seller’s Advantage)
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Last Month’s MAI: 30
Although prices have been flat for weeks, declining inventory is keeping Encino in the seller’s zone. If this trend continues, we may begin to see upward pricing pressure in the near future.
Market Narrative
Encino’s housing market remains steady, with a consistent balance of sales and listings. However, a modest drop in available inventory has nudged the MAI slightly higher, suggesting demand is starting to outpace new supply. If this persists, prices may begin to rise again.
Real-Time Market Profile
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Median List Price: $3,198,000
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Median Price of New Listings: $1,699,000
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Price per Square Foot: $823
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Average Days on Market: 130
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Median Days on Market: 84
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Price Decreased: 34% of listings
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Price Increased: 1% of listings
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Relisted Properties: 20%
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Inventory: 157 properties
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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 |
|---|---|---|---|---|---|---|---|---|
| $7,045,000 | 7,878 | 0.5 - 1 acre | 6 | 7.3 | 7 | 0 | 3 | 129 |
| $3,800,000 | 4,730 | 0.25 - 0.5 acre | 5 | 5.5 | 58 | 0 | 5 | 84 |
| $2,400,000 | 3,260 | 0.25 - 0.5 acre | 4 | 4 | 56 | 4 | 3 | 105 |
| $1,599,950 | 2,004 | 4,500 - 6,500 sqft | 3 | 2.5 | 74 | 5 | 9 | 56 |
Conclusion
Encino continues to favor sellers, but just slightly. With inventory decreasing and the MAI rising, conditions could quickly shift into a more competitive seller’s market. Buyers may want to act before prices begin trending upward again.
Contact Information
For expert guidance and exclusive real estate opportunities in Encino, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
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