Pre-Foreclosures on the Rise in Calabasas

Real Estate Agent with BrokerInTrust Real Estate Cal BRE #01345507

Bank owned property in Calabasas has stayed steady for the past year (represented by the red line below).  Foreclosure filings, Notice of Default has more than doubled since December (represented by the green line below).  It appears that we will see more distressed sales on the market in the next few months in Calabasas.

Calabasas home prices have remained stable for the past two to three months.  The housing inventory is low and demand remains steady for first time and move up buyers in Calabasas.  This demand has helped to keep housing prices steady.

For more information on foreclosure property in Calabasas call Tracey Thomas at 818-652-2937.