This Week’s Market Overview
The median list price for Encino, CA is $2,998,000, with the Market Action Index (MAI) steady at 31, reflecting a slight seller’s advantage. Inventory has decreased to 155 homes, tightening conditions compared to last week.
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: 31
Sales activity continues to outpace new supply, keeping Encino in a seller’s market. If this momentum continues, we could see upward pressure on prices in the weeks ahead.
Market Narrative
Encino’s housing market has remained steady, with the MAI holding firm at 31. Despite the plateau in pricing, demand is still strong relative to inventory. If this balance persists, sellers may gain even more leverage, while buyers will face increasing competition.
Real-Time Market Profile
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Median List Price: $2,998,000
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Median Price of New Listings: $2,137,500
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Price per Square Foot: $829
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Average Days on Market: 131
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Median Days on Market: 84
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Price Decreased: 34% of listings
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Price Increased: 0% of listings
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Relisted Properties: 29%
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Inventory: 155 properties
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Median Rent: $8,900/month
Market Segments
Encino’s listings break down into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $6,590,000 | 6,720 | 0.5 - 1 acre | 6 | 7 | 7 | 0 | 5 | 105 |
| $3,699,000 | 4,544 | 0.25 - 0.5 acre | 5 | 5 | 59 | 2 | 6 | 70 |
| $2,395,000 | 3,159 | 0.25 - 0.5 acre | 4 | 3.5 | 61 | 4 | 1 | 112 |
| $1,437,000 | 1,927 | 4,500 - 6,500 sqft | 3 | 2.5 | 74 | 2 | 5 | 73 |
Conclusion
Encino continues to favor sellers, with demand outpacing inventory. The consistent MAI suggests stability, but if inventory continues to decline, conditions could shift toward stronger upward pricing. Buyers should act quickly while sellers maintain the upper hand.
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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