This Week’s Market Overview
The median list price for Toluca Lake, CA 91602 is $1,985,000, reflecting the area’s blend of historic charm and luxury appeal. Inventory currently stands at approximately 68 active homes, keeping the market in a slight seller’s advantage due to limited supply and steady buyer demand.
Market Action Index
The Market Action Index (MAI) gauges the balance between supply and demand.
- Current MAI: 39 (Slight Seller’s Advantage)
- Last Month’s MAI: 38
The MAI has inched upward, signaling resilient demand despite higher borrowing costs. Well-priced homes—especially those near the Toluca Lake Village corridor—continue to attract multiple offers.
Market Narrative
The 91602 market remains strong, characterized by low inventory and consistent demand from entertainment professionals and families seeking proximity to both Studio City and Burbank. Median sale prices hover near $1.7 million, roughly even with last year, while the average days on market has extended slightly to just over two months. Buyers are more selective, prioritizing properties with updated interiors, guest units, and walkable access to local amenities.
Real-Time Market Profile
- Median List Price: $1,985,000
- Median Price of New Listings: $1,825,000
- Price per Square Foot: $822
- Average Days on Market: 68
- Median Days on Market: 54
- Price Decreased: 28% of listings
- Price Increased: 3% of listings
- Relisted Properties: 10%
- Inventory: 68 properties
- Median Rent: $4,950 / month
Market Segments
Toluca Lake 91602 listings are divided into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $3,795,000 | 4,900 | 10,000 – 15,000 sqft | 5–6 | 6 | 10–20 | 1 | 1 | 72 |
| $2,395,000 | 3,400 | 8,000 – 10,000 sqft | 4 | 4 | 20–30 | 1 | 1 | 63 |
| $1,475,000 | 2,300 | 5,000 – 8,000 sqft | 3 | 3 | 30–40 | 1 | 1 | 55 |
| $895,000 | 1,250 | Condo / Townhome | 2–3 | 2–3 | 35–45 | 0 | 0 | 48 |
Conclusion
Toluca Lake 91602 remains one of the Valley’s most stable and desirable submarkets. Low turnover and limited new construction continue to sustain pricing near record levels, even as the market gradually normalizes. Sellers benefit from steady demand and limited competition, while buyers enjoy greater negotiation room than in prior years. Homes that combine location, character, and updated features continue to sell quickly.
Contact Information
For expert insights and exclusive property opportunities in Toluca Lake 91602, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
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