This week, the median list price for Encino, CA is $2,740,000, with the Market Action Index (MAI) at 30, slightly lower than last month’s MAI of 31. Inventory has stabilized around 151 properties. Click here to stay informed with the latest Encino market trends!
Market Action Index
The Market Action Index measures how sales rate compares to inventory:
- Current MAI: 30 (Slight Seller’s Advantage)
- Last Month’s MAI: 31
The Encino market has shown a slight cooling trend as the MAI edges lower. If inventory growth outpaces demand, we may see increased downward pressure on pricing.
Market Narrative
With a slight Seller's Advantage, Encino’s market remains relatively balanced. Buyers may find more options as inventory holds steady, while sellers should watch MAI levels closely. A further dip may signal a buyer’s market.
Real-Time Market Profile
Essential stats for the Encino market this week:
- Median List Price: $2,740,000
- Median Price of New Listings: $2,124,500
- Price per Square Foot: $851
- Average Days on Market: 120
- Median Days on Market: 84
- Price Decreased: 43% of listings
- Price Increased: 5% of listings
- Relisted Properties: 26%
- Inventory: 151 properties
- Median Rent: $10,800 per month
Market Segments
Encino properties are divided into four segments, each representing about 25% of the market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $6,700,000 | 7,200 | 0.5 - 1 acre | 6 | 7 | 15 | 2 | 3 | 126 |
| $3,822,500 | 4,407 | 0.25 - 0.5 acre | 5 | 5.5 | 52 | 1 | 3 | 91 |
| $2,395,000 | 2,917 | 0.25 - 0.5 acre | 4 | 3 | 61 | 2 | 4 | 80 |
| $1,549,500 | 1,894 | 4,500 - 6,500 sqft | 3 | 2 | 74 | 5 | 3 | 56 |
Conclusion
The Encino market is maintaining stability, with slight favor toward sellers. Further inventory increases may offer more opportunities for buyers.
Contact Information
For expert insights on Encino real estate, reach out to the Spitz Chavez Group:
- Andrew: (818) 453-9119, [email protected]
- Fran: (818) 517-1411, [email protected]
Stay updated with the latest market insights in Encino!
