This Week’s Market Overview
The median list price for Calabasas, CA is $3,097,499, with the Market Action Index (MAI) holding at 29, indicating a slight buyer’s advantage. Inventory is steady at 110 homes, suggesting the market has settled into a balanced—if slightly buyer-favored—position.
Market Action Index
The Market Action Index gauges the balance between supply and demand:
-
Current MAI: 29 (Slight Buyer’s Advantage)
-
Last Month’s MAI: 29
The market remains in a holding pattern. Though demand has cooled, low inventory prevents a full shift into a strong buyer’s market. Any drop in inventory or uptick in buyer activity could tighten the market again.
Market Narrative
Calabasas continues to show signs of softening. Prices and inventory have remained relatively flat, and the current market balance slightly favors buyers. Watch for any movement in the MAI—a consistent drop could place pressure on sellers, while a rise could signal a resurgence of demand and firmer pricing power.
Real-Time Market Profile
-
Median List Price: $3,097,499
-
Median Price of New Listings: $2,799,000
-
Price per Square Foot: $829
-
Average Days on Market: 141
-
Median Days on Market: 77
-
Price Decreased: 35% of listings
-
Price Increased: 1% of listings
-
Relisted Properties: 19%
-
Inventory: 110 properties
-
Median Rent: $9,900/month
Market Segments
Calabasas’ listings break down into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $7,697,500 | 7,524 | 1 - 2.5 acres | 6 | 7 | 21 | 0 | 2 | 122 |
| $4,100,000 | 4,994 | 0.5 - 1 acre | 5 | 5 | 30 | 0 | 2 | 49 |
| $2,360,000 | 3,253 | 0.25 - 0.5 acre | 4 | 4 | 37 | 3 | 5 | 77 |
| $1,545,000 | 2,150 | 8,000 - 10,000 sqft | 4 | 3 | 54 | 0 | 4 | 70 |
Conclusion
Calabasas continues to lean toward a buyer’s market, but only slightly. While we’re not seeing dramatic price drops, the stability in inventory and MAI suggest it’s a good time for buyers to explore options before competition potentially increases again.
Contact Information
For expert advice and exclusive property opportunities in Calabasas, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
Stay ahead of the curve with weekly Calabasas real estate updates.
