This Week in Calabasas Real Estate 2/13/11-2/20/11

This is your weekly update on the Calabasas real estate market.  Keeping informed of the overall market trends in the area you are looking to purchase, makes you a more informed and powerful consumer.  If you are selling, knowing the current pricing trends can help you determine the value of your home.

135 properties are currently on the market:

  • 124 single family residences at an average price of $2,135,255; average days on market is 117; average price per square foot is $469.80
  • 10 condos at an average price of $420,750; average days on market is 45;  average price per square foot is $260.04
  • 5 townhomes at an average price of $451,770; average days on market is 55; average price per square foot is $262.05
  • 2 Manufactured homes at an average price of 199,500; average days on market is 40; average price per square foot is $112.08

5 properties came on the market this week:

  • All 5 were single family residences at an average price of $2,653,600; average price per square foot is $434.66

4 properties sold this week:

  • 3 single family residences sold at an average price of $1,146,667; selling after average of 74 days on the market;  average price per square foot is $274.85
  • 1 condo sold at a price of $385,000; selling after 147 days on the market; price per square foot is $250.00

Check back next week to get the latest update on the Calabasas real estate market.