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 decreased to 157 homes, adding subtle pressure to the market.
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
Encino is holding steady in the seller’s zone. The drop in inventory suggests that if demand continues, prices could begin to trend upward.
Market Narrative
The Encino market has been relatively stable in pricing, but falling inventory is beginning to tighten conditions. Sales are outpacing new listings at a modest rate. If this persists, we may soon see pricing momentum shift in favor of sellers.
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 listings are divided 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 remains in a slight seller’s market, with declining inventory signaling tightening conditions. If this trend continues, sellers may soon gain stronger pricing leverage. Buyers should act before upward price momentum resumes.
Contact Information
For expert advice 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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