Pango Group

Toluca Lake, CA

Single-Family Homes

www.pangogroup.com



Toluca Lake, CA

Sun Jul 14 2024
This week the median list price for Toluca Lake, CA is $2,797,000 with the market action index hovering around 30. This is less than last month's market action index of 35. Inventory has increased to 20. Click here to stay informed with the Toluca Lake market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Toluca Lake, CA

Sun Jul 14 2024
This week the median list price for Toluca Lake, CA is $2,797,000 with the market action index hovering around 30. This is less than last month's market action index of 35. Inventory has increased to 20. Click here to stay informed with the Toluca Lake market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Toluca Lake market.
Median List Price $2,797,000
Median Price of New Listings $0
Per Square Foot $890
Average Days on Market 98
Median Days on Market 67
Price Decreased 50%
Price Increased 5%
Relisted 25%
Inventory 20
Median Rent
Market Action 30
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$5,950,000 5,300 0.25 - 0.5 acre 5 4 84 0 0 70
$3,300,000 4,027 0.25 - 0.5 acre 5 3.5 74 0 1 259
$2,495,000 2,899 4,500 - 6,500 sqft 4 3 86 0 1 14
$1,299,000 1,611 4,500 - 6,500 sqft 3 3 86 0 0 70