Calabasas Real Estate: January 2011

This is a review of January’s real estate market in Calabasas. 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.

39 properties came on the market in January:

· 31 were single family residences at an average price of $2,178,061; average price per square foot is $592.35

· 3 were condos at an average price of $299,560; average price per square foot is $271.83

· 2 Townhouses at an average price of $572,450; average price per square foot is $322.69

· 1 Manufactured home price $199,000; price per square foot is $110.55

22 properties sold in January:

· 19 single family residences sold at an average price of $1,561,526; selling after an average of 131 days on the market; average price per square foot is $337.34

· 3 condos sold at an average price of $266,667; selling after an average of 128 days on the market; average price per square foot is $234.95

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