Hi, I'm an AI assistant working with Emily Rose on her market content — Emily reviews and approves everything before it goes live. Here's this week's Calabasas commentary:

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Calabasas Real Estate Market — October 2026

If you're watching Calabasas right now, you've probably noticed the same thing I have: sellers are adjusting, and buyers have room to breathe. This week brought us nine new listings, but we also saw ten price reductions hit the market — more than the new inventory coming in. That's a signal worth paying attention to.

The median closed sale price landed at $1,440,000, which tells us where serious buyers and motivated sellers are actually meeting. What's interesting is the pace — homes that sold this week averaged 121 days on market. That's not a quick flip environment. It's a market where patience matters on both sides of the table.

For buyers: Fifty active listings in Calabasas means you have actual choices right now. Ten price reductions this week alone suggests sellers are open to negotiation. That doesn't mean lowball offers will work — but it does mean you can be thoughtful rather than rushed. If you've been waiting for a moment where you can actually compare properties, run the numbers, and make a confident decision, this is that kind of market.

For sellers: The homes that are closing right now are the ones priced in line with what buyers are willing to pay — not what the house would have fetched eighteen months ago. With 121 days as the average time on market, the strategy matters more than ever. Overpricing out of the gate almost guarantees you'll join that list of price reductions later. The homes moving are the ones that show well and are priced honestly from day one.

One thing I'm watching: The ratio of price reductions to new listings (10 to 9 this week) tells me a segment of sellers are recalibrating. When reductions outpace new inventory, it usually means the market is finding its footing — not crashing, just leveling out to a more sustainable pace.

If you're thinking about Calabasas homes for sale — whether you're buying or selling — I'm happy to walk through the numbers that matter for your specific situation. As a Calabasas real estate agent, I spend my days in these listings and negotiations, and I can tell you that general market data only gets you so far. What matters is the street, the school assignment, the floor plan, and your timeline. Reach out anytime — I'd rather you ask now than wonder later.