Pango Group
Toluca Lake, CA
Single-Family Homes
www.pangogroup.com
Toluca Lake, CA
Fri Jul 26 2024
This week the median list price for Toluca Lake, CA is $2,595,000 with the market action index hovering around 29. This is less than last month's market action index of 32. Inventory has held steady at or around 19.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $2,595,000 | |
| Median Price of New Listings | $3,324,000 | |
| Per Square Foot | $865 | |
| Average Days on Market | 113 | |
| Median Days on Market | 84 | |
| Price Decreased | 53% | |
| Price Increased | 0% | |
| Relisted | 21% | |
| Inventory | 19 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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 |
|---|---|---|---|---|---|---|---|---|
| $6,072,500 | 7,293 | 0.25 - 0.5 acre | 6 | 5 | 84 | 0 | 0 | 56 |
| $3,339,999 | 4,742 | 0.25 - 0.5 acre | 5 | 3.5 | 74 | 1 | 1 | 273 |
| $2,399,000 | 2,899 | 4,500 - 6,500 sqft | 4 | 3 | 86 | 1 | 0 | 28 |
| $1,649,000 | 1,627 | 4,500 - 6,500 sqft | 3 | 3 | 83 | 0 | 1 | 84 |