This week, the median list price for Tarzana, CA is $2,649,000, with the Market Action Index (MAI) at 34, a slight decrease from last month’s MAI of 35. Inventory has increased to 62 properties, indicating a potential cooling in the market. Stay updated with the latest Tarzana real estate trends!
Market Action Index
The Market Action Index helps measure supply and demand:
- Current MAI: 34 (Slight Seller’s Advantage)
- Last Month’s MAI: 35
While still favoring sellers, the market is beginning to cool. If demand slows further, prices could start adjusting downward in the coming weeks.
Market Narrative
The Tarzana real estate market is experiencing slight cooling, with rising inventory and stable prices. If demand continues to soften, we could see price adjustments in the coming months. Buyers may find negotiation opportunities as inventory levels increase.
Real-Time Market Profile
Here’s a snapshot of key market data:
- Median List Price: $2,649,000
- Median Price of New Listings: $2,249,999
- Price per Square Foot: $779
- Average Days on Market: 88
- Median Days on Market: 53
- Price Decreased: 34% of listings
- Price Increased: 6% of listings
- Relisted Properties: 29%
- Inventory: 62 properties
- Median Rent: $13,200 per month
Market Segments
Tarzana properties are divided into four key market segments, each representing approximately 25% of the market:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $5,149,000 | 6,282 | 0.25 - 0.5 acre | 6 | 7 | 19 | 1 | 0 | 56 |
| $2,999,000 | 3,680 | 0.25 - 0.5 acre | 4 | 4 | 61 | 1 | 2 | 105 |
| $2,374,000 | 3,341 | 0.25 - 0.5 acre | 4 | 3 | 58 | 3 | 1 | 21 |
| $1,798,500 | 2,516 | 0.25 - 0.5 acre | 3 | 3 | 67 | 1 | 4 | 119 |
Conclusion
The Tarzana market remains in a seller’s zone, but rising inventory suggests a potential shift. Buyers should watch for price reductions and increased negotiation power if inventory continues to rise. Sellers should monitor market activity closely and price strategically to stay competitive.
Contact Information
For expert insights and real estate opportunities in Tarzana, contact 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!
