Greater Mulwood Real Estate in Calabasas heading into 2014
As we noted in the last couple of posts for Calabasas Real Estate, our market is hot. We also noted that real estate market conditions for individual neighborhoods and communities will vary. Since the beginning of 2012 we have seen fairly steady growth in the Greater Mulwood area of Calabasas. The data below from Trulia shows a bit of a dip in the average price per square foot towards the end of 2013. There are currently 11 homes active on the market in that area, which is a higher percentage of homes than in the gated communities we’ve shared with you. There are 4 in escrow and 10 sold in the last 6 months. There isn’t a clear indication that property values are going down though, as buyer demand is still strong. There is an absorption rate of approximately 6 months of inventory in that area, which is considered a normal market.
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