This Month in the Encino Real Estate Market: April 2011

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.

220 Properties are currently on the market

  • 151 single family residences at an average price $1,614,825; average days on market 79; average price per square foot is $422.07
  • 59 condos at an average price of $282,337; average days on market 95;  average price per square foot is $221.96
  • 10 townhomes average price $386,260; average days on market 104; average price per square foot is $197.57

59 Properties came on the market in April

  • 44 were single family residences at an average price of $1,404,789; average price per square foot $408.96
  • 12 were condos at an average price of $280,692; average price per square foot $237.47
  • 3 were townhomes at an average price of 309,633; average price per square foot $162.54

48 Properties sold in April

  • 27 single family residences sold at an average price of $1,050,048; selling after 113 days on the market; average price per square foot $339.27
  • 21 condos sold at an average price of $302,881; selling after 84 days on the market; average price per square foot  $167.53

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