This week, the median list price for Tarzana, CA is $2,649,000, with the Market Action Index (MAI) at 34, holding steady from last month. Inventory has increased to 61 properties, maintaining a slight seller’s advantage. Stay informed with the latest Tarzana market trends!
Market Action Index
The Market Action Index tracks supply and demand balance:
- Current MAI: 34 (Slight Seller’s Advantage)
- Last Month’s MAI: 34
The Tarzana market appears to be cooling slightly, but it remains in the Seller’s zone. If demand continues to slow, expect prices to adjust downward in the coming weeks.
Market Narrative
While home prices are holding steady, the increase in inventory suggests a potential shift in market dynamics. If supply continues to grow, we could see price adjustments. Buyers should watch for any significant drop in the Market Action Index that might indicate a shift toward a buyer’s market.
Real-Time Market Profile
Key market data for Tarzana this week:
- Median List Price: $2,649,000
- Median Price of New Listings: $1,798,500
- Price per Square Foot: $804
- Average Days on Market: 91
- Median Days on Market: 77
- Price Decreased: 30% of listings
- Price Increased: 8% of listings
- Relisted Properties: 28%
- Inventory: 61 properties
- Median Rent: $10,995 per month
Market Segments
Tarzana properties are categorized into four key segments, each representing approximately 25% of the market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,895,000 | 6,200 | 0.25 - 0.5 acre | 6 | 6.5 | 35 | 2 | 1 | 70 |
| $2,995,000 | 4,170 | 0.25 - 0.5 acre | 5 | 4 | 49 | 1 | 1 | 112 |
| $2,349,000 | 2,767 | 0.25 - 0.5 acre | 4 | 3 | 57 | 1 | 0 | 28 |
| $1,697,500 | 2,144 | 0.25 - 0.5 acre | 3 | 3 | 69 | 8 | 1 | 105 |
Conclusion
The Tarzana market remains favorable for sellers, but inventory growth could indicate a cooling trend. Buyers and sellers should closely monitor changes in demand and the Market Action Index to anticipate potential pricing shifts.
Contact Information
For expert insights and real estate opportunities in Tarzana, reach out to the Spitz Chavez Group:
- Andrew: (818) 453-9119 | [email protected]
- Fran: (818) 517-1411 | [email protected]
Stay ahead with the latest market insights in Tarzana!
