Local Market Report
Encino, CA
Single-Family Homes
Encino, CA
Fri Apr 23 2021
This week the median list price for Encino, CA is $3,399,000 with the market action index hovering around 52. This is an increase over last month's market action index of 51. Inventory has held steady at or around 69.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $3,399,000 | |
| Per Square Foot | $706 | |
| Days on Market | 35 | |
| Price Decreased | 26% | |
| Price Increased | 7% | |
| Relisted | 13% | |
| Inventory | 69 | |
| Median Rent | $6,850 | |
| Most Expensive | $19,990,000 | |
| Least Expensive | $724,900 | |
| Market Action | 52 | |
| Strong Seller's Market | ||
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $7,895,000 | 9,278 | 0.5 - 1 acre | 7 | 9 | 3 | 2 | 0 | 63 |
| $3,795,000 | 5,288 | 0.25 - 0.5 acre | 5 | 7 | 57 | 0 | 2 | 63 |
| $2,299,000 | 3,208 | 0.25 - 0.5 acre | 4 | 4 | 56 | 4 | 4 | 28 |
| $1,199,500 | 1,814 | 4,500 - 6,500 sqft | 3 | 2 | 65 | 6 | 3 | 21 |