Monthly Market Update Real Estate Insight | ||||||||||||||||||||
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Market Spotlight A Market of Two Stories | ||||||||||||||||||||
The headlines say Calabasas is “down 2.9 percent.” The MLS tells a more interesting story. Here is what the data actually shows, and what it means for the homes selling right now. | ||||||||||||||||||||
If you have been reading national real estate coverage and wondering what is happening in your own neighborhood, you are not alone. The numbers feel contradictory. Zillow shows a soft year. Redfin shows the median sale price up sharply. Inventory is rising. Days on market are climbing. And yet the luxury tier just keeps moving. Both stories are true. They are measuring different parts of the same market. Once you separate them, the picture becomes very clear, and very actionable. | ||||||||||||||||||||
Calabasas By The Numbers
Sources: Zillow ZHVI, Redfin Calabasas Market Data, CoreLogic / Institute for Luxury Home Marketing. | ||||||||||||||||||||
The Two Calabasas Markets Days on Market · Standard vs. Luxury Tier
Source: Redfin (general market), CoreLogic / Institute for Luxury Home Marketing (luxury tier). | ||||||||||||||||||||
What These Numbers Actually MeanThe standard market has slowed. Homes that took 46 days to sell last year are now taking 71. That is a 54 percent increase in marketing time. Inventory has loosened. Buyers are taking longer to decide. Price reductions are more common than they have been in years. The luxury tier did the opposite. Active listings priced above $2 million are down 15 percent year over year, and the homes that come to market at the right price are selling in roughly 28 days. The buyers at the top of the market are still here, still moving, and still paying. They are just being more selective. This is not a contradiction. It is a separation. The market did not crash. It got disciplined. The homes that still move quickly have one thing in common, and it is not luck. They were priced for where the market is, not where the seller wished it was. | ||||||||||||||||||||
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Median Sale Price · Calabasas Year Over Year Movement
Source: Redfin Calabasas Market Data, Nov 2024 vs. Nov 2025. | ||||||||||||||||||||
Luxury Tier Inventory Tightening Active Listings Above $2M (Indexed, Q3 2024 = 100)
Source: CoreLogic U.S. Home Price Insights, Q3 2025 vs. Q3 2024. | ||||||||||||||||||||
For Sellers Three Things To Know This Month | ||||||||||||||||||||
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Ready to Make Your Move? Whether buying, selling, or investing – I am here to guide you. SCHEDULE A CONSULTATION | ||||||||||||||||||||
Stephen White Luxury Estate Director | ||||||||||||||||||||
310.701.9747 | [email protected] | stephenwhitehomes.com | ||||||||||||||||||||
Christie’s International Real Estate | Southern California | ||||||||||||||||||||
