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Calabasas Realtors® Jeff and Irina Shoket outline current Calabasas Real Estate Trends for 2024
Calabasas Real Estate Trends: Insider Insights from Calabasas Realtors Irina & Jeff Shoket
Calabasas has long been synonymous with luxury living and a coveted address. We, Irina and Jeff Shoket, Calabasas Realtors with over 20 years of combined experience, have witnessed the enduring allure of this community. But the real estate market is ever-changing, and staying ahead of the curve is crucial for success. Here, we share some key trends shaping Calabasas real estate in 2024 and beyond, equipping you to make informed decisions.
Market Dynamics: A Seller's Market, But for How Long?
Calabasas continues to be a seller's market. Median list prices, according to Redfin, reached impressive heights at $1,680,000 in May 2024. While Redfin (www.redfin.com/city/2471/CA/Calabasas/housing-market) reports homes selling quickly, averaging around 35 days on the market compared to prior years, we're starting to see signs of a potential shift towards a more balanced market. Inventory levels, as reported by ZeroDown (zerodown.com/housing-market-analysis/calabasas--ca)are), are showing signs of stabilization. As Calabasas Realtors®, we closely monitor these trends to adjust strategies and keep our clients informed.
Affordability: Strategies for Buyers and Sellers in Calabasas
Rising costs are a real concern. Irina and I understand the desire for the Calabasas lifestyle, but affordability matters.
irinaandjeffshoket.com/calabasas-realtors-jeff-and-irina-...
Calabasas Realtors® Jeff and Irina Shoket outline current Calabasas Real Estate Trends for 2024
Calabasas Real Estate Trends: Insider Insights from Calabasas Realtors Irina & Jeff Shoket
Calabasas has long been synonymous with luxury living and a coveted address. We, Irina and Jeff Shoket, Calabasas Realtors with over 20 years of combined experience, have witnessed the enduring allure of this community. But the real estate market is ever-changing, and staying ahead of the curve is crucial for success. Here, we share some key trends shaping Calabasas real estate in 2024 and beyond, equipping you to make informed decisions.
Market Dynamics: A Seller's Market, But for How Long?
Calabasas continues to be a seller's market. Median list prices, according to Redfin, reached impressive heights at $1,680,000 in May 2024. While Redfin (www.redfin.com/city/2471/CA/Calabasas/housing-market) reports homes selling quickly, averaging around 35 days on the market compared to prior years, we're starting to see signs of a potential shift towards a more balanced market. Inventory levels, as reported by ZeroDown (zerodown.com/housing-market-analysis/calabasas--ca)are), are showing signs of stabilization. As Calabasas Realtors®, we closely monitor these trends to adjust strategies and keep our clients informed.
Affordability: Strategies for Buyers and Sellers in Calabasas
Rising costs are a real concern. Irina and I understand the desire for the Calabasas lifestyle, but affordability matters.
irinaandjeffshoket.com/calabasas-realtors-jeff-and-irina-...