Foreclosures & Short Sales in Encino: March 2011

This is your monthly update on the foreclosures and short sales in Encino.  Keeping informed of the overall market trends in the area you are looking to buy makes you a more informed and powerful consumer.  Foreclosures & short sales represent 33% of the active listings in Encino.

3 Foreclosure is currently on the market

  • 2 single family residences priced at an average $435,000; days on market 38; average price per square foot $270.52
  • 1 condo priced at a price of $270,000; days on market 9; price per square foot $152.71

48 Short Sales are currently on the market

  • 17 single family residences at an average price $879,088; average days on market 65; average price per square foot $327.90
  • 27 condos at an average price of $215,256; average days on market 118; average price per square foot $193.92
  • 4 townhomes average price $406,975; average days on market 154; average price per square foot $205.33

2 Foreclosure came on the market in March

  • 1 single family residences priced at $415,000; average price per square foot $307.63
  • 1 condo priced at 270,000;; average price per square foot $152.71

17 Short Sales came on the market in February

  • 8 were single family residences at an average price of $633,875; average price per square foot $273.81
  • 8 were condos at an average price of $190,238; average price per square foot $178.29
  • 1 townhome at a price of 699,000; average price per square foot 203.02

0 Foreclosures sold in February

12 Short Sales sold in February

  • 8 single family residences sold at an average price of $496,513; selling after 97 days on the market; average price per square foot $315.85
  • 4 condos sold at an average price of $193,250; selling after 112 days on the market; average price per square foot  $177.95

Check back in next month to get the latest update on the Encino real estate market.