Foreclosures & Short Sales in Encino: February 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 18% of the active listings in Encino.

1 Foreclosure is currently on the market

  • 1 single family residences priced at $1,645,000; days on market 12; average price per square foot $452.92

39 Short Sales are currently on the market

  • 14 single family residences at an average price $750,393; average days on market 106; average price per square foot $310.72
  • 21 condos at an average price of $220,096; average days on market 102; average price per square foot $199.18
  • 4 townhomes average price $329,750; average days on market 194; average price per square foot $208.31

1 Foreclosure came on the market in February

  • 1 single family residences priced at $1,645,000; average price per square foot $452.92

9 Short Sales came on the market in February

  • 3 were single family residences at an average price of $706,667; average price per square foot $267.78
  • 6 were condos at an average price of $172,250; average price per square foot $184.82

0 Foreclosures sold in February

8 Short Sales sold in February

  • 5 single family residences sold at an average price of $540,700; selling after 166 days on the market; average price per square foot $287.29
  • 3 condos sold at an average price of $152,333; selling after 60 days on the market; average price per square foot  $187.83

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