CALABASAS CA HOMES FOR SALE
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David Watkins is a professional committed to providing excellent service to his clients, colleagues and Featured Calabasas Communities. David Watkins incorporates various methods that specialize in the marketing, listing, and sale of Calabasas Homes for Sale. David aims to provide knowledge and sound advice regarding the ever-changing real estate market, so that his clients are not merely bystanders, but active participants involved in the sale or purchase of their home. He ambitiously implements new ideals and explores new avenues of technology to make the selling and buying of real estate faster, easier and more efficient.
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Calabasas Real Estate Newspaper – July 2017
The Real Estate Market in Calabasas Is Flourishing
by David Watkins
We’ve known that Calabasas is the best place to live in the Los Angeles area for a long time. This summer, the real estate market for the Calabasas proves a lot of other people think so, too — the market is hot! We’ve broken down what you need to know about real estate in our area so you can prepare for your next move, whether you’re looking to buy or sell this summer.
The median listing price in Calabasas
is at its highest in three years.
In May 2017, the median home listing price in Calabasas stood at $2,248,000. Compare this number to where it stood two years ago; in May 2015, median home price in Calabasas was $1,886,000, according to Realtor.com. This is a significant increase in the median home price of our area, and while this upward trend seems to be leveling off over the last year, prices are still likely to increase through the summer.
Calabasas home sale prices increased over the last year.
According to the home-selling website Trulia, home sales prices increased by 8% — equivalent to $92,500 — over the last year. This statistic (as well as the previous one) indicate that sellers are pricing their homes more competitively and that buyers are willing to meet those increases to live in this desirable area.
Homes are selling more quickly this spring and summer than they did in the fall and winter.
Homes in Calabasas are selling more quickly now than they were last winter and fall. In May of this year, the average Calabasas home sold after 55 days on the market. While this selling time isn’t lightning fast by any means, compare that to the average selling time last winter: in December 2016, the average Calabasas home stayed on the market for 97 days.
There isn’t a huge
amount of inventory available in our area.
As of July 2017, there were only 145 properties listed for sale in the 91302 zip code, according to the real estate tracking website Movoto. This means that there isn’t much inventory available — which, in turn, makes those homes that are available even more competitive. Things aren’t all bad for buyers, though: more homes are being listed this summer than were listed this spring.
The Calabasas market — which was already strong this year — has improved over the spring and into the summer. With this knowledge in mind, you’ll be better informed for your next foray into the Calabasas real estate market, whether you’re selling or buying.
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