Encino Real Estate Report June 2020

Encino backyard with pool

In the second week of June, Encino home sales seem to be gaining some momentum with 27 new listings and 12 closed listings so far this month. With COVID19 safety systems in place, we’ve become comfortable with new showing procedures, and are helping buyers and sellers move ahead with their real estate plans.

Check out Wende’s most current Market Snapshot for Encino here:

As expected, Encino real estate experienced a decrease in both the number of listings and sales in May. Home sales declined 64%, year over year, with a total of 23 closed sales for the month, and new listings decreased 37% with 84 new homes listed for sale. Surprisingly, the median sold price for Encino homes rose 38% over the previous May to $1,250,000. For more details on May listings and sales, click the link below:

ENCINO COMPARATIVE MARKET UPDATE FOR MAY 2020

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Source: CRMLS, The MLS

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