Calabasas Real Estate Market Update for March 2024

Calabasas Real Estate Market in the first quarter of 2024 remained steady. March reflected an $80,750  increase in Sale prices from February 2024 . With the higher prices and higher interest rates, the inventory stays low. Despite higher home values home owners are reluctant to sell their homes because then they would have to pay a premium price at premium mortgage rates for their new residence. Homes sold just slightly below asking price with a 95.5% List to Sale ratio.

Here are some real estate market numbers for Calabasas, CA in March 2024

Calabasas Median Sold Price: $1,815,000 (+$80,750)
Calabasas Median New Price: $1,900,000
Calabasas Active Median Price: $3,675,000 (-$20,000)

Calabasas Sale to List Price: 99.5%

Calabasas Median days on Site: 70(+20)

Calabasas June Inventory: 28 sold,  Active 52

If you are interested in buying or selling your home in Calabasas, contact your expert Calabasas Realtor David Salmanson at 818-421-2170