Sales Decline in Calabasas Real Estate Market

The Calabasas market slowed with a 12.5% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 25.1 monthly average with 21 homes sold. On the other hand, close-by Los Angeles registered 1,923 homes sold in the same time frame, the most of all surrounding cities. A months of inventory number of three reported this week continued a four-week downward trend. Despite the slip in sales from last week to this week, the low inventory indicates that Calabasas is still a seller's market.

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Demographic facts for Calabasas:

  • There are currently 8,543 households in the area.
  • The unemployment rate for this area is 11.5%.
  • Schools spend an average of $4,933 for each student in this area. ($5,691 = national average)

Data reported through 1/12/2017

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Rodeo Realty
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Sotheby's International Realty
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Pinnacle Estate Properties Inc
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