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My Real Estate Blog
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October 2007
Fifteen escrows closed in Calabasas during October. This is a 40%
decrease in numbers of closed escrows from October 2006. The average
price of a home decreased 25% to $1,105,166. Its important to
note that because the sample size is so low that even one more $2,000,000
sale would have skewed the average price dramatically.
In addition to publishing the overall sales for October, this month
I’ve also included a breakdown of each sale. Its important to note that
every single home took a price reduction at least once during its
time on the market, many of these homes had to lower the price several
times. There are 208 homes on the market in Calabasas as I write this
article and 31 homes with an open escrow. Buyers have many homes to
choose from and are price savvy. Although interest rates are low, it
is much more difficult to qualify for a mortgage now than it was just six
months ago.
If you are interested in selling your home in Calabasas, please call me
to see where your home fits in. if you are thinking about buying a home
in Calabasas call me to find out which homes may be flexible in their
pricing and ripe for a price reduction.
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Oct. 2005
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Oct. 2006
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Oct. 2007
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#/$
Change from 2006
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%
Change from 2006
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|
Closed Escrows |
34
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25
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15
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-10
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-40% |
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Avg. Sale Price |
$1,250,885 |
$1,477,900 |
$1,105,166 |
-$372,734 |
-25% |
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Address |
Bed |
Bath |
Garage |
Square Feet |
Year Built |
Price |
DOM |
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4240 Lost Hills Rd 3208 |
1 |
1 |
1 A |
760 |
1988 |
$305,000 |
63 |
|
4716 Park Granada 199 |
2 |
1.75 |
2 |
1,006 |
1972 |
$366,000 |
81 |
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26022 Alizia Canyon Dr E |
3 |
2.5 |
2 A |
1,443 |
1980 |
$467,500 |
50 |
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5366 Las Virgenes Rd |
3 |
2.5 |
2 A |
1,595 |
1980 |
$490,000 |
127 |
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5534 Parkmor Rd |
4 |
2 |
2 A |
1,987 |
1978 |
$740,000 |
24 |
|
3927 Black Bird |
3 |
2 |
2 D |
2,498 |
1978 |
$775,000 |
89 |
|
22515 Paul Revere Dr |
4 |
2 |
2 |
2,063 |
1964 |
$840,000 |
34 |
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22331 De Kalb Dr |
5 |
3 |
2 A |
2,304 |
1964 |
$915,000 |
22 |
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4106 Bon Homme Rd |
4 |
3 |
3 A |
2,414 |
1966 |
$920,000 |
34 |
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22501 Jameson Dr |
4 |
3 |
2 |
2,319 |
1978 |
$935,000 |
126 |
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22236 Cairnloch St |
5 |
4.5 |
3 |
3,427 |
1988 |
$1,275,000 |
98 |
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23106 Park Terra |
4 |
4 |
3 |
3,258 |
1989 |
$1,330,000 |
81 |
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4602 Park Adelfa |
3 |
3 |
2 A |
2,625 |
1974 |
$1,400,000 |
44 |
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3664 Reina Ct |
5 |
4.5 |
3 A |
3,530 |
1989 |
$1,550,000 |
12 |
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23912 ASPEN Way |
6 |
5.5 |
3 |
4,413 |
1988 |
$1,600,000 |
50 |
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3950 Prado Del Maiz |
6 |
6.5 |
2 A |
4,611 |
2005 |
$2,000,000 |
40 |
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25498 Prado De Oro |
6 |
6.5 |
2 |
5,100 |
2006 |
$2,635,000 |
166 |
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