Zip Code:

91316, Encino, CA

91316 is a California Zip code within the city of Encino and the county of Los Angeles County. Its population is roughly 30,499.

The Real Estate Market in Encino, CA

The Encino zip code is located in the San Fernando Valley of Los Angeles County. As of the 2010 census, the population was 168,898. The median household income was $101,711 and the median family income was $122,000. The percentage of households earning over $200,000 was among the highest in Los Angeles County.

As of March 2016, there were a total of 128 properties listed for sale in Encino. The average list price for a property was $1,829,500 and the median list price was $1,569,500. The average number of days on market for a property was 97 days and the median number of days on market was 95 days. There were a total of 33 properties sold in Encino during March 2016. The average sales price for a property sold in Encino was $2,039,500 and the median sales price was $1,917,500.

The home equity index (HMI) is an indicator that measures how well homes are selling relative to their original purchase prices. In December 2015 (the most recent month for which data is available), the HMI for Encinowas 116%. This means that homes were selling at 116% of their original purchase prices (or more). This is above the national average (100%) and indicates that there are plenty of buyers interested in purchasing homes in Encino.

Home prices have been increasing steadily throughout much of California since 2012-2013; however they have increased even faster in some areas than others. In contrast to many other parts of California where home values have plateaued or decreased slightly since 2013-2014 due to tighter lending standards from banks and lenders combined with low inventory levels; home values continue to rise rapidly throughout much of Southern California including Encino where they increased by an averageof 7% from January through March 2016compared to January through March 2015!

In addition to strong demand from buyers; another factor contributingto rising home valuesinEncinitodayisthatmanyhomeownershaveaddedvaluetotheirpropertiesbyupgradingthemthoroughrepairsandadditions such as new roofs、new windows、new decks、etc.,which hasresultedinanincreaseinpropertyvaluesofapproximately10%peryearonaveragesince2000!

Overall; it appears that both buyersand sellersareveryhappywiththecurrentmarketconditionsinEncinitodayandthereisnocontradictionbetweenthetwogroupswhenitcomes totopurchasingorsellingpropertiesinthearea!

Price Index: Los Angeles-Long Beach-Glendale, CA (MSAD)

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