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Home Listing Your House and Crossing Your Finge...

Listing Your House and Crossing Your Fingers Is Not Enough - Calabasas September Sales Numbers

Listing your house and crossing your fingers was not enough to sell a house in Calabasas during September.Crossed_fingers_0_thumbnail

Fourteen escrows closed in Calabasas during September. This is a 39% decrease in numbers of closed escrows from September 2006. The average price of a home decreased slightly, 6.4% to $1,170,000. Its important to note that because the sample size is so low that even one more $2,000,000 sale would have skewed the average price dramatically.

In addition to publishing the overall sales for September, this month I've also included a breakdown of each sale. Its important to note that all but one of these homes took a price reduction at least once during its time on the market, many of these homes had to lower the price several times. There are 248 homes on the market in Calabasas as I write this article and 25 homes with an open escrow. Buyers have many homes to choose from and are price savvy. Although interest rates are low, it is much more difficult to qualify for a mortgage now than it was just six months ago.

Although Calabasas Real Estate experienced a slight decrease in overall price, compared to the rest of the San Fernando Valley we are doing well. Stay tuned for my article "Chasing The Market Down" which explains how to price your home correctly in today's real estate market.

If you are interested in selling your home in Calabasas, please call me to see where your home fits in. if you are thinking about buying a home in Calabasas call me to find out which homes may be flexible in their pricing and ripe for a price reduction.

Sept. 2005

Sept. 2006

Sept. 2007

#

Change from 2006

%

Change from 2006

Closed Escrows

29

23

14

-9

-39%

Avg. Sale Price

1,395,603

1,250,017

1,170,000

-$80,017

-6.4%

September 2007 Home Sales

Address
Bed
Bath
Story
GarageSq. Foot
Yr. Built
Price
DOM
CONDO
4610 Park Granada 3
2
2
1
2
1,054
1972
$415,000
69
CONDO
26240 Alizia Canyon Dr
2
1
1
2 D
1,091
1965
$449,500
4
CONDO
4240 S LOST HILLS ROAD
2
2.5
2
2 A
1,385
1988
$516,000
113
SFR
3420 Stoneridge Ct 16
3
3
2
3
2,499
1990
$840,000
28
SFR
588 Cold Canyon
2
1
1
2
1,120
1936
$849,000
37
SFR
23034 Park Dulce
3
3
2
3
2,864
1987
$850,000
74
SFR
3418 Dorothy Rd
3
2.5
3
2 D
2,212
1992
$899,000
140
SFR
24771 Calle Serranona
4
3
2
3 A
2,446
1988
$1,075,000
7
SFR
24743 Calle Altamira
4
3
2
2 A
2,681
1989
$1,100,000
147
SFR
3752 Camino Codorniz
5
5
2
3
3,307
1989
$1,485,000
113
SFR
4500 Park Serena
4
4.5
2
2 A
3,981
1980
$1,501,500
32
SFR
23278 Park Basilico
5
4.5
2
3 A
3,788
1989
$1,510,000
128
SFR
5851 SLOAN PL
5
4.5
2
3 A
4,597
1996
$1,950,000
304
SFR
25551 Prado De Las Flores
5
5.5
1
2 A
5,296
2005
$2,940,000
150
Posted Monday Oct 01