This Week’s Market Overview
The median list price for Calabasas, CA is $2,999,000, with the Market Action Index (MAI) at 30, reflecting a slight seller’s advantage. Inventory has remained steady at 113 homes. As demand softens, it’s important to monitor how this impacts pricing and market dynamics.
Market Action Index
The Market Action Index (MAI) tracks the balance between supply and demand:
-
Current MAI: 30 (Slight Seller’s Advantage)
-
Last Month’s MAI: 31
The MAI has edged lower recently, signaling weakening demand relative to supply. If the trend continues, sellers may face increased pressure to adjust pricing.
Market Narrative
The Calabasas market has shown signs of slowing. Price levels and inventory remain largely unchanged week to week, but the downward trend in the MAI may be a precursor to a shift in pricing power. While the market is still in the seller’s zone, momentum is fading.
Buyers may begin to find more opportunities, especially if inventory continues to climb or sits longer on the market.
Real-Time Market Profile
-
Median List Price: $2,999,000
-
Median Price of New Listings: $1,799,000
-
Price per Square Foot: $843
-
Average Days on Market: 119
-
Median Days on Market: 63
-
Price Decreased: 27% of listings
-
Price Increased: 1% of listings
-
Relisted Properties: 16%
-
Inventory: 113 properties
-
Median Rent: $8,550/month
Market Segments
Calabasas homes fall into four market segments based on pricing, each representing about 25% of active listings:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $7,997,000 | 8,150 | 1 - 2.5 acres | 6 | 7.5 | 21 | 0 | 0 | 91 |
| $3,924,500 | 4,911 | 0.5 - 1 acre | 5 | 5.3 | 30 | 3 | 4 | 42 |
| $2,299,999 | 2,950 | 0.25 - 0.5 acre | 4 | 3.5 | 45 | 1 | 5 | 63 |
| $1,522,500 | 2,067 | 8,000 - 10,000 sqft | 4 | 2.6 | 54 | 5 | 3 | 38 |
Conclusion
The Calabasas market still slightly favors sellers, but momentum has slowed. Fewer listings are raising prices and inventory continues to build gradually. If buyer activity doesn’t rebound soon, expect pricing to respond accordingly.
Contact Information
For expert guidance and exclusive listings in Calabasas, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay ahead of Calabasas market trends with weekly updates from your trusted real estate team.
