Calabasas Real Estate Update for September 2023
The real estate market in Calabasas in the month of September 2023 remained steady. Despite the interest rates being at their highest point in over 20 years, we are still experiencing the sellers market. Although Calabasas had fewer sales in September than in August, the property values in Calabasas remained strong and so did the monthly sales. Houses continue to sell fast and do not stay on the market very long.
Active Median Price: $3,347,000 (-152,500)
Median Sale Price: $1,410,000 (-600,000)
Median Days on Site: 40
Active listings: 56 (+6)
Sold Listings: 11 (-9)
The housing market in Southern California and is expected to remain steady with moderate prices, steady sales and inventory improvement.