Calabasas Real Estate Numbers for January 2008
February 11th, 2008 Categories: Calabasas RE Statistics, Home Selling in Calabasas
January 2008 wasnt such a great month for Calabasas real estate. But dont panic when you look at these numbers, its not as bad as it looks at first glance. As I type this article there are 176 homes on the market in Calabasas. This translates into about an eleven months supply of inventory. Its a buyers market for sure! Although the average price dropped about 20% compared to last Januarys prices it looks like Februarys numbers will be better. There are currently 19 properties in escrow and several of these are over $2,000,000.
|
|
Jan. 2006 |
Jan. 2007 |
Jan. 2008 |
# Change from 2007 |
% Change from 2007 |
| Closed Escrows | 27 | 26 | 16 | -10 | 38.462 % |
| Avg. Sale Price | $1,302,620 |
$1,366,307 | $1,086,820 | -279,487 | 20.456 % |
The rain has finally stopped and buyers are out in full force. I have been swamped by buyer calls ready to buy, and theyre looking for “deals”. My open houses have seen much more traffic and the skuttle butt among most agents is that they are busy too. I have also had several smart move up buyers list their homes because they understand that if they take a 10 or 15% hit on the sell side, theyll make it up plus on the buy side. I agree with this thinking and Im encouraging buyers in a good financial position not to wait to move up. Its possible now to buy a home in Calabasas Park Estates, Mont Calabasas or even The Oaks for under $2,000,000. Just six months ago this would have been almost impossible.
The good news is if you are a first time home buyer and you want to live in Calabasas you can finally buy a home for under a million dollars. There are several homes in the Mulwood section of Calabasas that are listed in the $700,000 to $800,000 range. This is a wonderful neighborhood and is within walking distance to the elementary, middle and high school. There are even a few bank owned properties. If youre interested in a condo there are several on the market from just under $400,000 to slightly over $500,000. Many of these are within walking distance of the Calabasas Commons.
If you are thinking about selling your home and moving up in Calabasas and want to know how this market will affect your move, call me for an in depth analysis of your sell and buy numbers. Ill help you determine if this is the right time to move up or stay put.
| Address |
Bd |
Bth |
Sty |
Gar |
SqFt |
Yr Blt |
Price |
DOM |
| 4201 Las Virgenes Rd 104 |
2 |
2 |
1 |
2 |
862 |
1992 |
$360,000 |
112 |
| 23401 Park Sorrento 27 |
2 |
2 |
S |
2 |
1,011 |
1973 |
$380,000 |
129 |
| 4612 Park Granada 55 |
3 |
2 |
1 |
2 |
1,326 |
1972 |
$410,000 |
95 |
| 26124 Roymor Dr |
4 |
1.75 |
1 |
2 A |
1,781 |
1964 |
$590,000 |
22 |
| 4339 Oak Glen St |
3 |
2.5 |
2 |
2 A |
1,594 |
1988 |
$595,000 |
153 |
| 26033 Adamor Rd |
4 |
2 |
1 |
2 A |
2,175 |
1965 |
$690,000 |
28 |
| 3747 Eddingham Ave |
3 |
2 |
1 |
2 A |
1,674 |
1971 |
$750,000 |
13 |
| 3424 Stoneridge Ct |
3 |
2.5 |
2 |
2 A |
2,499 |
1990 |
$765,000 |
30 |
| 4212 Park Verdi |
4 |
2.75 |
2 |
3 A |
3,075 |
1989 |
$1,179,000 |
115 |
| 23262 Park Corniche |
4 |
3.5 |
2 |
3 |
2,995 |
1989 |
$1,350,000 |
153 |
| 26939 Alsace Dr |
4 |
3.5 |
1 |
3 A |
4,043 |
2003 |
$1,615,000 |
77 |
| 3975 Prado Del Trigo |
3 |
3.5 |
2 |
3 A |
3,554 |
2005 |
$1,800,000 |
130 |
| 23306 Park Hacienda |
5 |
5 |
2 |
3 A |
3,850 |
1978 |
$1,890,000 |
72 |
| 3960 Prado De Las Frutaas |
4 |
3.5 |
2 |
3 A |
4,130 |
2005 |
$2,160,000 |
95 |
| 5497 Amber Cir |
6 |
6.5 |
2 |
3 A |
6,610 |
1994 |
$2,500,000 |
60 |
| 4282 Prado De Los Ciervos |
5 |
8 |
2 |
3 A |
5,778 |
2002 |
$2,915,000 |
82 |
This entry was posted on Monday, February 11th, 2008 at 8:31 pm and is filed under Calabasas RE Statistics, Home Selling in Calabasas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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[…] Calabasas Real Estate Numbers for January 2008 unknown wrote an interesting post today onHere’s a quick excerptJanuary 2008 wasn’t such a great month for Calabasas real estate. But don’t panic when you look at these numbers, it’s not as bad as it looks at first glance. As I type this article there are 176 homes on the market in Calabasas. … […]
[…] unknown wrote an interesting post today onHere’s a quick excerpt […]
Tracey - it blows my mind that first time home buyers are trying to get in a home under $1 million - people here should feel really lucky - we’re seeing great buys under $200,000. Thanks for the update