June 2022 Real Estate update for Calabasas

Although housing sales stared to fall slightly in comparison to the first few months in 2022, June real estate sales in Calabasas and surrounding areas remained strong.

With 5 home sales, 1 in Calabasas, 2 in Woodland Hills, 2 in West Hills and 1 in Simi Valley, David Salmanson continues his work as one of the best realtors in the Calabasas Rodeo Realty office. With two listings in escrow and 2 new homes for sale, July also looks promising for real estate activity.

In comparison to the month of May, here are some important real estate updates for the month of June 2022. With rising interest rates, home prices in Calabasas, West Hills and Woodland Hills, CA decreased and Sale to list price fell as well. Homes stayed on the market for about 1 month, which is about 1-2 weeks longer than in the spring months.

West Hills
Median Price Sold: $1,050,000  (-$35,000)
Sale to List Price: 104%
Median days on the Market: 28 Days

Calabasas
Median Price Sold: $1,612,500   (-$87,500)
Sale to List Price: 101%
Median days on the Market: 28 Days

Woodland Hills
Median Price Sold: $1,200,000  (-$115,000)
Sale to List Price: 104%
Median days on the Market: 32 Days