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 |
| Discussion: 3 Comments »
Should You Dump Her?
October 13th, 2007 Categories: Home Selling in Calabasas
Should You DUMP Her?
If this sounds like your Real Estate Agent, then the answer is YES.
If even one of these sounds familiar to you it’s time to show your real estate agent the door. But let her down Gently.
For information on how to creatively market your Calabasas home and get it sold in this challanging buyer’s market call Tracey Thomas at (818) 652-2937.
| Discussion: 8 Comments »
A Picture is Worth 1000 Words…What’s a Video Worth?
August 28th, 2007 Categories: Home Selling in Calabasas, In The News Calabasas
If this is how I market myself, can you imagine how I’d market your home? I use video to market all of my Calabasas listings. That’s right, every single home that I list gets a full motion video including music, voice overs and me pointing out the highlights of your home. Plus a neighborhood story is added to the beginning of each video to emphasize the wonderful Calabasas lifestyle.
People buy homes with emotion and justify with logic. Nothing captures emotion like video. Your open house video is uploaded to several websites including YouTube, Google Video, Realtor.com and more. Eighty percent of homebuyers start their home search online. Video is the best way to capture and keep their attention.
To see a sample of one of my online video tours check out my website. But before you do that, watch this video to see what else I do to market your home.
| Discussion: 1 Comment »
10 Reasons Why I Share Info With Other Realtors
August 4th, 2007 Categories: Home Buying in Calabasas, Home Selling in Calabasas
On my way to a listing appointment, I either listen to head banging, loud music or motivational CD’s. This has been my “pre listing” warm-up since I started my career. I listen to the loud music when I need to get pumped up and I choose a motivational CD when I need focus. Yesterday was a need focus day, so I popped in a classic by Zig Ziglar. With his Southern drawl and booming “from the pulpit” voice he says, “You can get everything in life you want if you will just help enough other people get what they want”.
Now those cogs in my brain start to turn. I have always believed in this philosophy and would even go so far as to say, that when you give, you should give unconditionally. In other words you should give and expect nothing in return. If you do receive benefit from the gift, it’s just a bonus. For those of you that are parents, this will make total sense, because this is how we give to our children. We give to them because we can and we don’t expect anything in return.
I openly share information with other agents in my office and give them copies of my marketing materials and any other projects that I’m working on. But would I share information with an agent if they weren’t in my office or if I knew they were working my farm? Yes, I would. I’m not saying that I would call up the other agents and tell them about my upcoming newsletters or promotions, but if I met one of these agents out and about, and they asked me about blogging, or video on the web, or even websites and SEO, and they wanted information I would definitely tell them what I know.
And here are my 10 reasons why:
1. Whether you’re a listing agent or a selling agent, you depend on other agents to provide buyers and sellers. The more successful they are, and the better the relationship that you have with them, the more buyers they’ll bring to your listings and the more listings they’ll have to sell your buyers. I know there is a glut of homes on the market right now, and the last thing you need is another house for sale in the neighborhood, but real estate is cyclical and this to shall pass.
2. Everyone in the RE industry benefits if even one agent is brought out of the polyester dark ages and into the natural cotton now. (people tend to remember the bad eggs, so if we can help one egg to cover his crack, we’ve actually helped the industry as a whole).
3. When you teach someone something new, it can be interpreted and implemented hundreds of different ways. Most likely if the other agent does use some of your ideas, their delivery and final product will be so different from yours. One of the biggest compliments I get is when someone mimics my ideas. I never feel like they “stole” them because I have more oozing from head than I could ever use.
4. When you give freely, you’ll be rewarded with more ideas than you can handle. When you hold on to everything you have because you’re afraid that someone will steal your ideas, all you’ll have is one tightly held idea.
5. You never know which agent will be on the other side of that negotiating table, so it pays to be helpful to all agents, especially the ones in your farm, since they are the ones listing homes that you’ll probably end up selling.
6. By sharing knowledge with another agent you may start a friendship that blossoms into having them join your team (or you joining theirs).
7. After developing trust and a relationship with another agent, you just never know what they’ll share with you. It may or may not be real estate related and their stuff might be better than your stuff.
8. The old saying goes, what goes around comes around. I believe that if you share information and spend the time to help and teach others, information will be shared with you.
9. There is always someone smarter, better looking, and more successful than you. By sharing what you know, your spot in the whole pecking order is somehow adjusted upwards. Good things are rewarded.
10. It’s better to give than to receive, it just feels good.
Think about this, we were taught sharing in kindergarten and the lesson is exactly the same today.
| Discussion: 2 Comments »
Copyright © 2007 Blog Calabasas Agent Login Design by Real Estate Tomato Powered by Tomato Blogs