Calabasas Real Estate Market June 2026

CALABASAS Market Intelligence Report, June 2026 Presented by Stephen White  |  Christie’s International Real Estate SoCal  |  [email protected] A Candid Note from Stephen White

Dear Reader, I want to give you a straight read on the Calabasas real estate market right now, because what you are hearing in the headlines and what is actually happening on the ground are two different things. The market is rebalancing, yes. But institutional capital is simultaneously making a very public bet on this city’s future. Both things are true, and together they create an opportunity worth understanding.

This report covers two stories I am watching closely: where inventory really stands heading into summer, and what Rick Caruso’s Commons renovation means for your home’s value over the next two to three years.

Section One

Where the Calabasas Real Estate Market Inventory Stands

As of June 4, 2026, there are 128 active listings in Calabasas with an average of 83 days on market and a median list price of $2,699,500. In January, roughly 60 homes were available, and supply had already grown approximately 76% year over year. Active inventory has more than doubled since the start of the year.

Active Listings 128 ▲ +113% since Jan Avg Days on Market 83 Days Market is sorting listings Median List Price $2,699,500 As of June 4, 2026 Zillow Value Index $1,638,927 ▼ -2.9% year over year Source: LA Homes active listings data, June 4, 2026. Zillow Home Value Index, June 2026. Active Listings: Supply Has More Than Doubled 34 Jan 2025
(est.) 60 Jan 2026
128 June 2026
(current) 83-Day Avg DOM: Two Buckets Priced Right 25% Sold within 30 days. Correctly positioned for today’s buyer pool. Moderate 35% 31 to 90 days on market. Some friction, but transacting. Aspirational 40% 90+ days. Priced to yesterday’s market.

The number that matters most is the share of listings transacting in under 30 days, because that is where buyers and capital are concentrating right now. That is the tier your home should target.

Section Two

Rick Caruso Just Bet on Calabasas. Here’s Why That Matters to You.

While inventory rises and values face short-term pressure, a multi-billion-dollar developer just broke ground in the heart of this city. That is not a coincidence, and it is not something to ignore.

Rendering of the new Commons Lane development at The Commons at Calabasas. Source: Caruso. The Project at a Glance Groundbreak Feb 3, 2026 New Construction 190,000 sq ft Luxury Apartments 80 homes (2027) Shops & Dining 12+ destinations Retail Opens Late 2026 Apartments Online 2027

“A multi-billion-dollar developer choosing to deploy capital here, publicly, while inventory rises and values dip 2.9%, is the single best counter-narrative to the idea that Calabasas is softening. Institutional money is buying the dip on the city itself.”

— Stephen White

How This Affects Your Home’s Value

01 The Amenity Premium Caruso properties have a proven track record of lifting surrounding residential values. Palisades Village did it for Pacific Palisades. The Promenade did it for Westlake. A reinvigorated Commons strengthens the walkability story for the Avanti area, Creekside, Calabasas Park, and the lake — direct comp support for those neighborhoods. 02 The Downsizer Release Valve Eighty high-end Caruso apartments give longtime owners a reason to sell the big house and stay in the community they love. 03 The Buyer Funnel Caruso renters skew affluent, and luxury renters in a community they love become buyers there. The 2027 apartment cohort is a 2028-to-2029 buyer pipeline. 04 The Confidence Signal Rick Caruso publicly chose to deploy capital here while others hesitated — the clearest vote of confidence the city could ask for. Projected Value Premium: Near-Commons vs. City-Wide 2025 2026 Caruso groundbreak 2027 Retail opens 2028 2029 Near-Commons estimate Calabasas city-wide (Zillow) A Note on the Near-Term

Construction through late 2026 means temporary noise, dust, and parking friction for homes immediately adjacent to The Commons. I acknowledge this honestly in every showing nearby, and I reframe it as exactly what it is: buying ahead of the amenity, not beside it.

Let’s Talk

The most valuable thing I can give you right now is context — not a sales pitch. The Calabasas story in 2026 is nuanced, and nuance is where opportunity lives. Whether you are thinking about selling, waiting, or simply protecting the value of what you have built here, I would welcome a conversation.

Stephen White Christie’s International Real Estate Southern California
[email protected]  |  DRE: 01527644