Pango Group

Encino, CA

Single-Family Homes

www.pangogroup.com



Encino, CA

Sat Jul 20 2024
This week the median list price for Encino, CA is $2,999,950 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has decreased to 115. Click here to stay informed with the Encino market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Encino, CA

Sat Jul 20 2024
This week the median list price for Encino, CA is $2,999,950 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has decreased to 115. Click here to stay informed with the Encino market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Encino market.
Median List Price $2,999,950
Median Price of New Listings $3,390,000
Per Square Foot $836
Average Days on Market 95
Median Days on Market 63
Price Decreased 45%
Price Increased 3%
Relisted 19%
Inventory 115
Median Rent
Market Action 34
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$7,497,499 8,280 0.5 - 1 acre 6 7.8 7 1 2 105
$4,195,000 4,927 0.25 - 0.5 acre 5 6 33 3 2 84
$2,600,000 3,268 0.25 - 0.5 acre 5 4 63 2 6 42
$1,639,888 2,005 4,500 - 6,500 sqft 4 3 75 1 5 28