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Real Estate Economic update for September 2020 in US and Calabasas

Posted by David Salmanson on September 29, 2020
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Real Estate Economic update for the week ending September 26, 2020
Mortgage rates
The September 24, 2020, Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 2.90%, unchanged from 2.87% last week. The 15-year fixed was 2.40%, unchanged from 2.37% last week. The 5-year ARM was 2.90%, down from 2.96% last week.
U.S. existing-home sales and prices soared in August
he National Association of Realtors reported that U.S. existing-home sales hit $6 million in August on a seasonally adjusted yearly basis. The number of homes sold in August was 10.5% higher than in August 2019. That marked the highest number of homes sold in a month since December 2006. Prices also surged. Nationally the median price paid for a home jumped 11.4% from one year ago.
Calabasas
Calabasas’ house price median was $1.45M this past month which is about 15.2% up from last year. Despite the COVID-19 obstacles and rules and regulations, the real estate market in Calabasas and Hidden Hills continues to thrive.
Here is a current Calabasas Real Estate Market Review with the Calabasas homes for sale review and recent sales history.

Overview - Last 30 days

Median Price - Last 6 Months
Sale-to-List Price - Last 6 Months
Median Days on Site - Last 6 Months
Listing Inventory - Last 6 months

Sold Listings - Last 30 DaysView all sold listings

5
Beds
5 | 1
Baths
5,445
SqFt
 
 
#SR22214064 | House
List By Marc Shevin Berkshire Hathaway HomeServices California Properties
(CA BRE # shown above if in IDX data)
5
Beds
5
Baths
4,169
SqFt
 
 
#SR22203301 | House
List By Jennifer Winchell Rodeo Realty
(CA BRE # shown above if in IDX data)
4
Beds
4
Baths
3,286
SqFt
 
 
#SR22216956 | House
List By Michelle Lavin Cohan Coldwell Banker Realty
(CA BRE # shown above if in IDX data)

New Listings - Last 30 DaysView all active listings

6
Beds
3 | 4
Baths
9,378
SqFt
 
 
#SR22234947 | House
List By James Cavanaugh BrokerIn Trust
(CA BRE # shown above if in IDX data)
5
Beds
5
Baths
4,534
SqFt
 
 
#22215603 | House
List By Rachel Nussbaum Prestige Estate Agency
(CA BRE # shown above if in IDX data)
5
Beds
5 | 1
Baths
4,994
SqFt
 
 
#SR22230799 | House
List By Erica Fields Compass
(CA BRE # shown above if in IDX data)
Based on information from CRMLS and/or CLAW and/or CRISNet MLS as of November 27, 2022 1:38 AM PT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by the broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX powered by iHomefinder, Inc.
If you are interested in selling your home in Calabasas or surrounding areas, please contact David Salmanson, your best Calabasas realtor at 818-421-2170

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