ResalesEncino Offers Lifestyle, Convenience To L.A., Say Realtors
Near Los Angeles, and with quick access to business centers and the beach, Encino, California is a upscale family-oriented community, say local Realtors.
"The community of Encino is located in the heart of the San Fernando Valley, only 25 minutes from Los Angeles," says Realtor Michael Ansari. "Encino"s business district lies mostly along Ventura Blvd. and is a vital addition to the San Fernando Valley economy. The business community has continued to boom, while the neighborly, caring atmosphere has remained. With it"s own skyline of office towers, housing corporate headquarters, professional services, and the home to more than 50 restaurants, it"s no surprise that Encino"s section of Ventura Blvd., has become a shining star in this community.
Ansari adds, "This family-oriented community of 40,000 attracts many mid- to upper-class families, high-income professionals and celebrities. The community has an excellent school system and a first-class health care system. Many film, television, and music celebrities reside in the appealing community, with its beautiful setting.
About the market, Ansari says, "Average home prices in city of Encino is approximately $850,000.00 in April 04 and average price of condominum is about $340,000.00. Home prices have been on the rise in recent years due to high demand for housing and low inventory of homes for sale. The April inventory of homes for sale has increased compare to previous months in late 03 and early months of 04."
Suggests Realtor Michael Trust, "Demand continues to be strong in the area, even with the slight increase in interest rates. The good climate, relatively low crime rate, good schools, and family atmosphere are strong attractions. Prices for single family homes range from $700,000 and up, with condos ranging from $350,000 and up. Encino is close to the westside, and has good shopping and entertainment venues within its boundries. From Encino, there is easy access to the westside, downtown, and the beach."
"Currently there is 135 active properties in Encino, CA," says Realtor Richard Johnston. "A one-bedroom condo in Encino starts at $229,000 up to a nine million dollar estate. It is currently a strong seller"s market, but, it appears more homes are coming into the market. Interest rates have gained in the past month and are currenty averaging 6.13 percent."
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