- calendar_month January 9, 2024
- folder Market Update
Greetings, readers! As a dedicated realtor at Johnhart Real Estate, I am thrilled to present a comprehensive market update for the vibrant city of Encino CA, with a focus on the zip code 91436. This report, dated December 2023, sheds light on the current real estate scenario, helping both buyers and sellers make informed decisions.
City Spotlight: Encino
History in a Snapshot-
Nestled in the San Fernando Valley, Encino boasts a rich history that dates back to the early 20th century. Once home to celebrities and movie stars, this suburb of Los Angeles has evolved into a diverse and thriving community. With its tree-lined streets, top-notch schools, and proximity to cultural and recreational amenities, Encino continues to attract individuals seeking a perfect blend of urban convenience and suburban tranquility.
Market Statistics - Zip Code 91436
- Active Listings: 45
- Price per SqFt: $839
- Average Time on the Market: 50 Days
- Median Listing Price: $3,005,000
- Homes Sold: 10
- Median Sold Price: $2,000,000
Insights and Analysis
The current market in Encino is dynamic, with 45 active listings and a median listing price of $3,005,000. The average time on the market, standing at 50 days, suggests a healthy demand. For those looking to sell, these statistics signal a market that's ready for action.
Buyers, on the other hand, might find the median sold price of $2,000,000 intriguing. This information can serve as a useful benchmark for negotiating and making competitive offers in the current market.
Home Buying Tip: Seizing Opportunities
In a market as diverse as Encino, timing is everything. As we close in on 2024, opportunities abound for both buyers and sellers. If you're considering a purchase, stay vigilant, and be ready to act when you find the right property. For sellers, pricing your home strategically can attract motivated buyers in this active market.
Remember, real estate is not just about transactions; it's about finding a place to call home. If you have any questions or need personalized advice, feel free to reach out. Happy home hunting!
🙎♂️Kenneth Linares
🏢JohnHart Real Estate
☎️(310) 299-6808
🖥️ www.kalihomes.com
