Here’s a look at the Calabasas real estate market as we move through August 2026. This week we have 50 active Calabasas homes for sale, with 6 brand-new listings hitting the market. Five properties closed escrow at a median sale price of $3,100,000, and the average time from listing to contract was 52 days. We also saw 10 price reductions across the active inventory, which tells its own story.

If you’re a buyer, the numbers are giving you a bit more room to breathe. Fifty active listings means you’re not looking at a bare shelf — you can actually compare a few homes, schedule second showings, and think through your decision without feeling like the house will disappear overnight. That 52-day average is also telling: homes aren’t flying off the market the moment they’re listed, so you have a little more time to do your due diligence. The 10 price reductions suggest some sellers are motivated to adjust and meet the market where it’s actually trading, which can open up opportunities for well-priced offers.

For sellers, the message this week is that price matters more than ever. With 50 properties competing for the same pool of qualified buyers, the listings that are sitting untouched are often the ones that didn’t align with recent closed sale data from the start. The fact that 10 sellers reduced their price in a single week means there’s a willingness to recalibrate, and those who do it early tend to avoid the long, drawn-out listing that accumulates days on market. A thoughtful, numbers-based pricing strategy — not a hope-and-see approach