This Month in the Encino Real Estate Market: March 2013

This is your monthly update on the Encino real estate market.  Keeping informed of the overall market trends in the area you are looking to buy makes you a more informed and powerful consumer.  If you are selling or interested in selling, knowing the current pricing trends can help you determine what the value of your home is.
94 Properties are currently on the market
• 76 single family residences at an average price $1,710,735; average days on market 60; average price per square foot is $445.15
• 15 condos at an average price of $340,937; average days on market 44;  average price per square foot is $272.74
• 3 townhomes average price $439,000; average days on market 26; average price per square foot is $231.17
26 Properties came on the market in March
• 23 were single family residences at an average price of $1,585,341; average price per square foot $477.80
• 3 were condos at an average price of $311,617; average price per square foot $289.61
51 Properties sold in March
• 40 single family residences sold at an average price of $910,736; selling after 45 days on the market; average price per square foot $350.01
• 9 condos sold at an average price of $267,467; selling after 51 days on the market; average price per square foot  $216.22
• 2 townhomes sold at an average price of 490,000; selling after 18 days on the market; average price per square foot $198.54
Check back in next month to get the latest update on the Encino real estate market.

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