Toluca Lake, CA, continues to be a prime location for luxury living, combining serene landscapes with upscale amenities. The current market trends reveal a slight seller's advantage, with balanced competition among buyers and stable inventory levels. This report provides an in-depth analysis of pricing trends, market segments, and neighborhood insights, offering a comprehensive view of the real estate dynamics in Toluca Lake.
Market Overview:
- Median List Price: $3,147,000
- Market Action Index (MAI): 32 (Slight Seller's Advantage)
- Inventory: 22 homes
- Average Days on Market: 89 days
Pricing Trends:
- Median Price of New Listings: $1,947,000
- Price Changes:
- 50% of listings have seen price decreases
- 5% have seen price increases
Market Segments:
- Top Tier:
- Median Price: $5,950,000
- Average Size: 5,300 sqft
- Upper Tier:
- Median Price: $3,588,000
- Average Size: 3,780 sqft
- Lower Tier:
- Median Price: $2,595,000
- Average Size: 3,400 sqft
- Bottom Tier:
- Median Price: $1,497,000
- Average Size: 1,619 sqft
Market Dynamics:
- The slight seller's advantage indicates a balanced market with moderate competition among buyers.
- Inventory levels are stable, providing various options for potential buyers.
- The relatively high average days on market suggests buyers are taking their time to decide.
Neighborhood Insights:
Toluca Lake is known for its scenic beauty and upscale homes, attracting buyers looking for luxury living with a touch of nature. The community offers excellent amenities, top-rated schools, and easy access to major city centers, making it a desirable location for families and professionals alike.
Contact Information:
For more information or to explore similar properties, please contact:
- Andrew: (818) 453-9119, [email protected]
- Fran: (818) 517-1411, [email protected]
Whether you're looking to buy or sell in Toluca Lake, our experienced team is here to assist you every step of the way. Reach out to Andrew or Fran for personalized advice and exclusive listings.
