Mid-October 2020 Real Estate Market Update – TARZANA, LAKE BALBOA, ENCINO

Similar to almost all Los Angeles communities, Tarzana, Lake Balboa and Encino have experienced a significant rise in home prices since the beginning of the 3rd quarter of 2019.  With an average sale price of $961,000 in 2019, Tarzana’s prices year over year have increased 19%, while Lake Balboa’s have risen almost 13%, and Encino’s have climbed nearly 23%.
 
Specifically for single residences, the average price for the last 30 days of closed sales was $1.449 million in Tarzana, $2.112 million in Encino and $721 thousand in Lake Balboa, all reflective of double digit increases, year to year.

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Source: CRMLS, The MLS

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