This week, the median list price for Tarzana, CA is $2,200,000, with the Market Action Index (MAI) at 35, down slightly from last month’s 36. Inventory remains steady at 59 properties. Stay informed with the latest updates on Tarzana real estate trends!
Market Action Index
The Market Action Index compares the rate of sales to inventory:
- Current MAI: 35 (Slight Seller’s Advantage)
- Last Month’s MAI: 36
While Tarzana remains in the Seller’s Market zone, the consistent cooling in the MAI suggests a gradual shift. Continued declines in the MAI could lead to downward pressure on pricing, while an upward trend may push prices higher.
Market Narrative
The Tarzana market has been cooling, with prices plateauing over the last several weeks. With inventory holding steady, sellers still have an edge, but buyers may find increasing opportunities, especially in listings with price reductions.
Real-Time Market Profile
Key data for the Tarzana market this week:
- Median List Price: $2,200,000
- Median Price of New Listings: $1,675,000
- Price per Square Foot: $737
- Average Days on Market: 95
- Median Days on Market: 70
- Price Decreased: 59% of listings
- Price Increased: 2% of listings
- Relisted Properties: 32%
- Inventory: 59 properties
- Median Rent: $7,500 per month
Market Segments
Tarzana homes are categorized into four market segments, each representing approximately 25% of the market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,867,497 | 5,223 | 0.25 - 0.5 acre | 5 | 5.5 | 19 | 2 | 1 | 101 |
| $2,699,000 | 3,379 | 0.25 - 0.5 acre | 4 | 3.5 | 59 | 1 | 2 | 70 |
| $1,975,000 | 2,767 | 0.25 - 0.5 acre | 4 | 3 | 58 | 1 | 1 | 77 |
| $1,300,000 | 1,830 | 0.25 - 0.5 acre | 4 | 2 | 71 | 3 | 3 | 49 |
Conclusion
The Tarzana market remains slightly favorable to sellers, with stable inventory and plateaued prices. Buyers should monitor properties with price reductions for potential opportunities, while sellers should focus on competitive pricing to attract interest.
Contact Information
For expert advice and personalized insights on the Tarzana market, reach out to the Spitz Chavez Group:
- Andrew: (818) 453-9119 | [email protected]
- Fran: (818) 517-1411 | [email protected]
Stay updated on the latest trends in Tarzana real estate!
