This Week’s Market Overview
The median list price for Encino, CA is $3,200,000, with the Market Action Index (MAI) holding steady at 31, reflecting a slight seller’s advantage. Inventory has decreased slightly to 156 homes, tightening market conditions compared to last month.
Market Action Index
The Market Action Index measures 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: 31
Home sales continue to outpace supply, keeping Encino in the seller’s zone. If this trend continues, we may see upward pricing pressure in the near future.
Market Narrative
Encino’s housing market remains steady, though a modest drop in available inventory has nudged the MAI higher. Demand is beginning to outpace new supply, suggesting that prices could start trending upward if this pattern persists.
Real-Time Market Profile
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Median List Price: $3,200,000
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Median Price of New Listings: $3,099,500
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Price per Square Foot: $826
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Average Days on Market: 123
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Median Days on Market: 77
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Price Decreased: 31% of listings
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Price Increased: 1% of listings
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Relisted Properties: 25%
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Inventory: 156 properties
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Median Rent: $8,925/month
Market Segments
Encino’s listings are divided into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $6,849,000 | 7,500 | 0.5 - 1 acre | 6 | 7 | 7 | 2 | 2 | 98 |
| $3,750,000 | 4,760 | 0.25 - 0.5 acre | 5 | 5.5 | 57 | 1 | 3 | 77 |
| $2,499,000 | 3,200 | 0.25 - 0.5 acre | 4 | 3.5 | 61 | 3 | 6 | 98 |
| $1,480,000 | 2,030 | 4,500 - 6,500 sqft | 3 | 2.5 | 73 | 2 | 5 | 63 |
Conclusion
Encino continues to slightly favor sellers. With inventory declining and the MAI steady at a seller’s advantage, conditions could quickly shift into a more competitive market. Buyers may want to act before prices begin trending upward.
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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