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 (https://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 (https://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. Here’s how we navigate this challenge:
- Value Beyond Price: Calabasas offers exceptional schools, a strong sense of community, and unparalleled access to nature. We highlight these unique aspects that contribute to a high quality of life, justifying the investment.
- Inventory Expertise: The Calabasas market offers a diverse range of properties. We guide buyers towards condos, townhomes, or fixer-uppers with renovation potential to fit their budget.
- Financial Knowledge is Power: We partner with trusted mortgage lenders to offer educational seminars on down payment assistance programs, financing options, and budgeting strategies.
Remote Work: A Double-Edged Sword for Calabasas
The remote work trend is a double-edged sword. It allows flexibility for buyers but also attracts out-of-town competition. As local experts, we leverage our knowledge to showcase Calabasas’ unique benefits for remote workers, from reliable internet access to co-working spaces and a vibrant community. For out-of-town buyers, we offer virtual tours, detailed property descriptions, and even partner with relocation specialists to ensure a smooth transition.
Sustainability: Catering to Eco-Conscious Clients in Calabasas
Sustainability is a growing concern for many Californians. We stay informed about energy-efficient features and sustainable building practices to better serve environmentally conscious buyers. We promote homes with solar panels, energy-efficient appliances, water conservation features, and sustainable building materials. Additionally, we encourage sellers to obtain green certifications, making their properties more attractive to eco-conscious buyers.
Technology: Tools for Success
Technology plays a vital role, and we embrace it wholeheartedly. High-quality virtual tours, drone photography, and targeted social media marketing are crucial for showcasing Calabasas properties, especially for out-of-town buyers. Data analytics tools are invaluable for understanding market trends, buyer behavior, and pricing strategies.
Calabasas Realtors Adding The Human Touch: Building Relationships is Our Core Value
While technology is powerful, the human touch is irreplaceable. Building strong relationships with our clients is at the heart of our success. We actively listen to your needs and concerns, providing clear and consistent communication throughout the process. Transparency and upfront communication about market conditions, property details, and potential challenges are key to building trust and fostering long-term relationships.
Calabasas real estate offers exciting opportunities, and navigating the market requires expertise and a client-centric approach. If you’re considering buying or selling, contact Irina and Jeff Shoket, your Calabasas Realtors®. We’re here to guide you through the process with our combined experience and passion for our community. Reach out to us today at (805) 267-9171.
