Unveiling the Encino Market: A Deep Dive into the Market Index

Unveiling the Encino Market: A Deep Dive into the Market Index

Overview: Encino's real estate market has shown a dynamic trend over the past month, with a median list price currently at $3,395,000. The Market Action Index (MAI) remains stable at 33, indicating a slight seller's advantage despite an overall cooling trend.

Key Metrics:

  • Median List Price: $3,395,000
  • Median Price of New Listings: $2,699,000
  • Price per Sqft: $869
  • Average Days on Market: 105
  • Inventory: 111 properties
  • Price Decrease: 34% of properties
  • Price Increase: 3% of properties
  • Relisted Properties: 18%

Market Segments: The market is segmented into four main price tiers:

  1. Top Tier: $7,995,000 - typically larger homes (approx. 7,406 sqft) with extensive lot sizes.
  2. Upper Tier: $4,375,000 - moderately large homes (approx. 5,374 sqft).
  3. Lower Tier: $2,849,000 - mid-sized homes (approx. 3,857 sqft).
  4. Bottom Tier: $1,787,000 - smaller homes (approx. 1,995 sqft).

Current Trends: The market has plateaued, with inventory levels increasing. The MAI suggests we are in a seller's market, but any significant drop in MAI could shift this balance, applying downward pressure on prices.

Implications for Buyers and Sellers:

  • Sellers: Now is a good time to list properties as the market favors sellers slightly.
  • Buyers: Watch for potential shifts in the MAI which could create more favorable buying conditions.

 

Median List Price 

For more information, please call or email Andrew (818) 453-9119 or Fran (818) 517-1411 or email them at [email protected] or [email protected].


This comprehensive overview offers a detailed understanding of the current real estate market in Encino, helping both buyers and sellers make informed decisions.

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Annually, Andrew and Fran are named one of America’s Best Real Estate Professional Teams by RealTrends as advertised in The Wall Street Journal ranking them in the top 1% of more than 1.6 million licensed Real Estate Agents. Locally, they are proud to be ranked among the Top 100 Real Estate Agents in LA County by the Los Angeles Business Journal, and honored to be named “Real Estate All Stars” by Los Angeles Magazine.

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