Home > Calabasas Real Estate Market
National Market Conditions
Local Summary: Unlike many markets across the country, the supply of available inventory is good. Prices are increasing with listings averaging 30-60 days on the market. Sellers are receiving multiple offers at 90-95% of asking price. The market is heating up--particularly due to move-up buyers.
2017 3rd Quarter Market Report: Home Sales and Prices Hit a Wall

The 3rd quarter of 2017 ended with not much of a change from the 2nd quarter. Home sales are down slightly and home prices continue to rise with median home prices up 4.2% year over year, but down from the second quarter's 6.2% increase. The primary reason for the slow-down in sales is the limited number of homes for sale, higher prices and less buyers being able to afford to buy a home.

The most notable change in the 2nd quarter was a shift in the amount of buyer activity declining 16% from last quarter. Additionally we found a significant change in the amount of price appreciation. Although 91% of the markets reported price appreciation there was an 11% shift from those markets reporting 5-10% appreciation and over 10% appreciation to those markets reporting under 5% appreciation.

According the National association of Realtors (NAR) existing home prices were up 4.2% over last year; the inventory of unsold homes is at a 4.2 month supply and 48% of all homes were sold in under one month. Still home sales dropped overall due to the low inventory of homes for sale.

The data in this report is generated primarily from our survey of HouseHunt.com and MoveUp.com exclusive member real estate agents across the United States. This grass roots approach to studying the housing market gives us a thorough look at where the real estate market is through the eyes and perspective of the local real estate agents who are living and working in the trenches of each community.

Buyer and Seller Activity
The trend in buyer activity is significantly higher than seller activity, however there was a definite downward trend in the number of markets continuing to show increasing buyer activity in the 3rd quarter. Our Realtors reported increasing buyer activity in 73% of the markets - down 16% from last quarter, but up 7% compared to last year. Seller activity was increasing in 49% of the markets in the 3rd quarter which was no change from the 2nd quarter, but up 9% over last year.

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Fall 2017 Market Update
The Conejo Valley inventory of homes has increased significantly. This desirable community is still selling strong. The housing market is moving for those sellers that are pricing their homes in line with the most recent sale prices of similar style and area. Interest rates are very low.
Average Sold Home Price: $550,000

Average Time on Market: 30-60 days

Market Trend: Increasing

Buyer's or Seller's Market: More buyers than sellers

Multiple Offers? Yes

Greatest Activity: Move-up Buyers

Best reason to buy or sell: New Industries

Nearest Metro Area: Los Angeles, CA

Housing Hot Spots: Conejo Valley

Contact Information
The Zabner Group
818-707-2006
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Mortgage Rates for Nov 23rd, 2017
30 year fixed rate: 3.82%
15 year fixed rate: 3.16%
30 year jumbo rate: 4.13%
15 year jumbo rate: 3.87%
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Real Estate Professional, The Zabner Group The Zabner Group
Rodeo Realty
Specializing in Calabasas Real Estate
100 N. Westlake Blvd. Suite 100A
Westlake Village, California 91362
818-707-2006
Email Me | Receive New Listings by Email
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(Because current market conditions can change rapidly in any given marketplace,
please check with The Zabner Group for current Calabasas, CA market conditions before acting on this information.)
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