This Week in Calabasas Real Estate 2/20/11-2/27/11

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.

139 properties are currently on the market:

  • 128 single family residences at an average price of $2,121,421; average days on market is 109; average price per square foot is $473.27
  • 4 condos at an average price of $420,750; average days on market is 51;  average price per square foot is $260.04
  • 5 townhomes at an average price of $451,570; average days on market is 61; average price per square foot is $261.93
  • 2 Manufactured homes at an average price of $199,500; average days on market is 46; average price per square foot is $112.08

9 properties came on the market this week:

  • All 9 were single family residences at an average price of $1,582,428; average price per square foot is $463.92

3 properties sold this week:

  • 2 single family residences sold at an average price of $1,165,000; selling after average of 86 days on the market;  average price per square foot is $327.06
  • 1 condo sold at a price of $525,000; selling after 106 days on the market; price per square foot is $300.86

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