There were thirteen closed escrows in Calabasas during February 2008 with an average sale price of $1,745,692. Currently there are 174 homes on the market and an additional 28 with open escrows. If you take a good look at this chart you'll see that the upper end is moving rather well.
This brisk movement in the upper end is an indication that the rich are getting richer because they are seizing the buyers market opportunity. I have had more buyers in the $2,000,000 and up range contact me since the beginning of the year than I did all of last year. This is any indication that the smart money is on buy now and don't wait until its to late.
Address | Bd | Bth | Sty | Gar | SqFt | Yr Blt | Price | DOM |
2 | 2 | 1 | 2 D | 920 | 1987 | $315,000 | 10 | |
3 | 3 | 3 | 2 A | 1,344 | 1981 | $420,000 | 135 | |
3 | 2 | 1 | 2 | 1,290 | 1972 | $425,000 | 9 | |
4 | 3 | 2 | 2 A | 2,322 | 1979 | $710,000 | 76 | |
4 | 2.5 | 1 | 3 A | 2,116 | 1973 | $940,000 | 180 | |
3 | 2.5 | 2 | 2 | 1,943 | 1989 | $900,000 | 55 | |
2 | 2 | 1 | 2 | 1,940 | 1969 | $1,035,000 | 9 | |
3 | 3 | S | 2 A | 1,851 | 1984 | $1,000,000 | 85 | |
5 | 4 | 2 | 3 A | 3,530 | 1991 | $1,385,000 | 102 | |
4 | 5.5 | 2 | 3 A | 4,611 | 2005 | $2,065,000 | 25 | |
4 | 4.5 | 1 | 3 | 5,323 | 2005 | $3,600,000 | 45 | |
7 | 9 | 2 | 4 | 10,204 | 1997 | $4,000,000 | 22 | |
4 | 4 | 1 | 4 | 7,950 | 2007 | $5,899,000 | 39 |
There are several spectacular homes for sale in Mountain View, Mountain Park and The Oaks right now. I have been showing several buyers homes in these neighborhoods and the inventory is gorgeous and prices unbelievable. I have seen homes in both Mountain View and Mountain Park for significantly less than $400 a square foot that are updated with pools and views last month. Just a year ago, if you did find a home in one of these neighborhoods for this price it would have needed major work. Homes in The Oaks are selling well with most listed for significantly over $550 a square foot.
Please call me at (818) 652-2937 and I will be happy to share my viewing notes with you. I also track home prices by neighborhood and find that this helps clients make accurate decisions when buying or selling a home in Calabasas. If you would like more detailed information on selling your Calabasas home and moving up please call me for a detailed report.
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Real Estate Broker specializing in extreme marketing of homes in Calabasas, Woodland Hills, Tarzana, Encino, Agoura, West Lake Village, Thousand Oaks, West Hills, Hidden Hills and Bell Canyon.
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