This week, the median list price for Tarzana, CA is $2,649,000, with the Market Action Index (MAI) at 34, a slight increase from last month’s 33. Inventory has decreased to 45 properties, maintaining a slight Seller’s Advantage. Stay informed on the latest Tarzana market trends!
Market Action Index
The Market Action Index (MAI) compares the rate of sales to inventory:
- Current MAI: 34 (Slight Seller’s Advantage)
- Last Month’s MAI: 33
The Tarzana market is showing signs of strengthening, as the MAI has increased slightly. While prices have plateaued, the upward trend in sales relative to inventory suggests that prices may resume an upward climb if this momentum continues.
Market Narrative
The market in Tarzana seems to be stabilizing, with the MAI showing improvement in recent weeks. Although prices have not shifted significantly, expect potential price increases if the sales-to-inventory ratio continues to strengthen. Sellers may benefit from a continued Seller’s Advantage in the coming months.
Real-Time Market Profile
Key metrics for Tarzana this week:
- Median List Price: $2,649,000
- Median Price of New Listings: $2,897,000
- Price per Square Foot: $772
- Average Days on Market: 116
- Median Days on Market: 98
- Price Decreased: 36% of listings
- Price Increased: 2% of listings
- Relisted Properties: 24%
- Inventory: 45 properties
- Median Rent: $6,700 per month
Market Segments
Tarzana properties are divided into four main market segments, each representing approximately 25% of the market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,995,000 | 6,200 | 0.25 - 0.5 acre | 6 | 6.5 | 5 | 1 | 2 | 84 |
| $2,925,000 | 3,566 | 0.25 - 0.5 acre | 4 | 3.5 | 55 | 0 | 0 | 126 |
| $2,200,000 | 3,234 | 0.25 - 0.5 acre | 4 | 3.5 | 62 | 1 | 0 | 35 |
| $1,549,500 | 1,968 | 0.25 - 0.5 acre | 4 | 3 | 67 | 0 | 1 | 101 |
Conclusion
The Tarzana market is experiencing a slight Seller’s Advantage, with inventory remaining low and demand stabilizing. While prices have plateaued, the improving MAI suggests the potential for price increases in the near future. Sellers may want to take advantage of current conditions, while buyers should stay alert for opportunities in this evolving market.
Contact Information
For expert insights into Tarzana real estate, contact the Spitz Chavez Group:
- Andrew: (818) 453-9119 | [email protected]
- Fran: (818) 517-1411 | [email protected]
Stay updated with the latest trends in Tarzana real estate!
