Home Prices in Encino CA for July 2014

Real Estate Agent with Rodeo Realty BRE# 01220669

Home Prices in Encino CA for July 2014


Encino Home Prices


We have seen 11 straight months of listing price increases on home prices in Encino and don’t expect things to slow down anytime soon.  If you are considering buying a home you can still find deals on a house in Encino but having a good real estate agent who understands the market is a must.  Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Encino home on which you are making an offer.

If you are interested in how much current inventory is on the market in Encino you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Encino, homes have a median time of 75 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Encino has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise. 



Encino CA Price Trends - Sold vs. Listed



Get Encino CA community reportsEncino Real Estate Report Summary

The median list price in July for single family homes in Encino is $1,358,070. The list prices increased by 4.9% from the previous month.

The price per square foot for listings in this area is $655.

The median number of days active properties have been listed is 44. This is significantly shorter than the national average.


Find Homes for Sale in Encino CA

Visit my website to search for homes in Encino or to be notified when Encino homes come on the market.

To find out what you home is worth in the current market email me or call 818-481-0751.


Provided courtesy of  Liveinsanfernandovalley.com 

Rodeo Realty Inc. Sherman Oaks CA

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Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Joe, always enjoy viewing stats and charts on other communities.  Thanks for sharing

Jul 02, 2014 04:03 AM #1
Joe Neuah
Rodeo Realty - Sherman Oaks, CA
Doing Real Estate with Passion!!

Thank you Ronald, How is the market in OC? 

Jul 02, 2014 05:24 AM #2
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Joe Neuah

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