Home Values Rise in The Oaks of Calabasas
As you are probably aware, California real estate has rebounded and values have been on the rise for some time now. Certainly conditions in specific, local markets can differ greatly across the state. Calabasas, and specifically, The Oaks of Calabasas, has been one of the strongest markets. The statistics below, from Trulia.com, indicate that strength. Buyers today are eager for properties to purchase. We are not surprised though, when you consider what a wonderful community this is. As residents ourselves, we certainly understand the appeal. Buyers should be aware though that there is talk that interest rates may be rising again soon which will likely slow things down a bit. It is our belief that it will not necessarily cause any backwards movement, but it will likely soften consumer demand for homes somewhat, as higher interest rates do impact affordability.
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