This week, the median list price for Tarzana, CA is $2,200,000, with the Market Action Index (MAI) at 37, consistent with last month. Inventory has decreased to 59 properties. Stay informed with the latest Tarzana market trends by clicking here!
Market Action Index
The Market Action Index indicates the balance of sales rate and inventory in the market.
- Current MAI: 37 (Slight Seller’s Advantage)
- Last Month’s MAI: 37
The Tarzana market has reached a stable point, with low inventory maintaining a Seller’s Market. If the MAI increases, prices may trend upwards. Conversely, a decline in the MAI or a move toward the Buyer’s zone could put downward pressure on prices.
Market Narrative
With inventory levels steady, the Tarzana market remains advantageous for sellers, but pricing remains flat. Buyers may still find limited negotiation opportunities due to the current inventory level. Sellers should monitor MAI closely, as changes could impact future price trends.
Real-Time Market Profile
Key statistics for Tarzana this week:
- Median List Price: $2,200,000
- Median Price of New Listings: $1,775,000
- Price per Square Foot: $746
- Average Days on Market: 92
- Median Days on Market: 70
- Price Decreased: 54% of listings
- Price Increased: 5% of listings
- Relisted Properties: 29%
- Inventory: 59 properties
- Median Rent: $7,500 per month
The combination of low inventory and price adjustments presents both challenges and opportunities, making this a market to watch for potential shifts.
Market Segments
Tarzana homes fall into four segments, each representing about 25% of the market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,624,497 | 4,868 | 0.25 - 0.5 acre | 5 | 5.5 | 36 | 1 | 4 | 59 |
| $2,745,000 | 3,566 | 0.25 - 0.5 acre | 4 | 3.5 | 60 | 1 | 2 | 91 |
| $1,975,000 | 2,767 | 0.25 - 0.5 acre | 4 | 3 | 56 | 2 | 2 | 63 |
| $1,300,000 | 1,776 | 6,500 - 8,000 sqft | 4 | 2 | 74 | 3 | 0 | 63 |
Conclusion
The Tarzana market remains balanced with a slight Seller's Advantage, yet steady inventory suggests pricing stability for now. Sellers should remain competitive to attract buyers.
Contact Information
For expert insights on Tarzana real estate, connect with the Spitz Chavez Group:
- Andrew: (818) 453-9119, [email protected]
- Fran: (818) 517-1411, [email protected]
Stay updated with Tarzana’s real estate trends!
