January 2018 Market Report for Calabasas and Hidden Hills

Calabasas January 2018

AVERAGE SALES/LIST PRICE – Calabasas
Average list price compared to average sold price of properties sold each month

 

PROPERTIES FOR SALE – Calabasas
Number of properties currently listed for sale by price range

 

PROPERTIES SOLD (UNITS) – Calabasas
Number of properties sold each month

 

AVERAGE DAYS ON MARKET SOLD – Calabasas
Average number of days it takes to sell a property

 

 

Hidden Hills January 2018

AVERAGE SALES/LIST PRICE – Hidden Hills
Average list price compared to average sold price of properties sold each month

 

PROPERTIES FOR SALE – Hidden Hills
Number of properties currently listed for sale by price range

 

PROPERTIES SOLD (UNITS) – Hidden Hills
Number of properties sold each month

 

AVERAGE DAYS ON MARKET SOLD – Hidden Hills
Average number of days it takes to sell a property

 

Contact The Shevins today for a consultation on anything
Calabasas and Hidden Hills real estate.

How to Choose a Listing Agent

With so many listing agents out there, it can be difficult to determine which one is right for you. By interviewing various listing agents in your area, you can find out who will go the extra mile with the sale of your home and who won’t. Here is a list of questions you should consider asking any listing agent you interview:

How much can you sell my home for?

If you’ve found that two listing agents state they can sell your home for $400,000 and a third one states $500,000, the third one is likely exaggerating in order to attract you. Opt for a listing agent who is realistic about sales price.

How much real estate did you sell last year?

Previous performance often indicates future results. That’s why, you should find out how much real estate each listing agent you interview sold last year. Refrain from hiring anyone who was not successful in the past.

What are your marketing strategies?

You’ll find that some listing agents put a great deal of time and energy into marketing homes while others make no or minimal effort to do so. By asking listing agents how they will market your home, you’ll get a better feel for how many eyes may get in front of it.

How do you track online listing activity?

Since your home will likely receive three times more traffic the first week it’s listed, you should select an agent that can track online activity and give you an update on the performance of your home. You could then use this information to alter your listing if necessary.

What is your method for following up with open house attendees?

Many listing agents arrange open houses to market homes. Ask the listing agents you interview whether they have a specific method for following up with open house attendees. They should be able to keep track of serious open house leads and collect valuable feedback about your home.

Do you have a specialty?

While some listing agents focus on starter homes and condos, others sell luxury homes. Try to figure out the specialty of each listing agent you interview so that you know whether their experience is valuable for your particular situation.

Do you consider yourself readily available?

If your listing agent is only available on certain days of the week because of another job or commitment, your home may not sell in a timely fashion. Ask listing agents about their availability and avoid hiring anyone who seems overly busy and won’t be able to be there for you when you need them.

What is your commission rate?

In most cases, the commission rate will be about 6% and split with the buyer’s agent. You may come across listing agents that offer to negotiate their commission. While it may be tempting to choose them, keep in mind you’re paying for a professional service and you should choose someone based on their experience and quality of work rather than their reduced commission rate.

Asking these questions to multiple listing agents will help you get the greatest possible return on your investment and locate the most qualified buyer.

Contact The Shevins today for a consultation on anything
Calabasas and Hidden Hills real estate.

November 2017 Hidden Hills Market Snapshot

AVERAGE SALES/LIST PRICE
NOVEMBER 2017 | SINGLE/DETACHED HOMES
Average list price compared to average sold price of properties sold each month

 

PROPERTIES FOR SALE
NOVEMBER 2017 | SINGLE/DETACHED HOMES
Number of properties currently listed for sale by price range

 

PROPERTIES SOLD (UNITS)
NOVEMBER 2017 | SINGLE/DETACHED HOMES
Number of properties sold each month

 

% OF SALE PRICE TO LIST PRICE
NOVEMBER 2017 | SINGLE/DETACHED HOMES
Average sale price of property as percentage of final list price

 

AVERAGE SALES PRICE PER SQFT
NOVEMBER 2017 | SINGLE/DETACHED HOMES
Average Sales Price per SqFt for previous two years

 

AVERAGE DAYS ON MARKET SOLD
NOVEMBER 2017 | SINGLE/DETACHED HOMES
Average number of days it takes to sell a property

 

LISTING INVENTORY AND NUMBER OF SALES
NOVEMBER 2017 | SINGLE/DETACHED HOMES
Monthly inventory of properties for sale along with number of sales

 

Contact The Shevins today for a consultation on anything
Calabasas and Hidden Hills real estate.

Kris Jenner pays $9.9M for Hidden Hills mansion listed by Marc and Rory Shevin

Celebrity matriarch Kris Jenner has yet another new Los Angeles-area home to call her own.

Located in the ritzy Hidden Hills community, where daughters Kylie Jenner and Kim Kardashian West have also bought and sold homes in recent years, the six-bedroom house sits on more than an acre of land and features 9,400 square feet of living space.

Features include a home theater, game room, a barbecue area, and a roomy swimming pool and spa.

Jenner paid $9.925 million for the home, which is directly across the street from a property owned by Kardashian West and husband Kanye West. Though the residence looks like a pretty nice place to live, TMZ reports that Jenner isn’t necessarily planning on moving in and hopes to renovate the house for resale.

Tomer Fridman of Compass represented Jenner in the sale, and Marc and Rory Shevin of Berkshire Hathaway represented the seller.

Read the article here.

Contact The Shevins today for a consultation on anything
Calabasas and Hidden Hills real estate.

Denise Richards’ Hidden Hills home listed by Marc & Rory Shevin

Originally posted on BHHS California Blog.

Denise Richards has put her six-bedroom, eight-bathroom Hidden Hills estate on the market for $5,995,000.

The beautifully finished home has been extensively remodeled and expanded with luxury custom features. The lagoon-style pool and adjoining entertaining areas are the envy of the city, but they are just a few of the many amazing qualities that this property boasts.

Inside, the 8,300 square feet of luxury living space includes a two-story entry, beautiful gourmet kitchen with pizza oven, a living room designed as an entertainer’s lounge, a wine-tasting room with custom-controlled walls, two private offices, and even a chandelier-topped dog kennel/hotel.

On over an acre of lush landscaping sits an adult pool and children’s pool with beach entry, a grotto, and waterfall features. The 800-square-foot entertainer’s pavilion holds a kitchen and dining area and is surrounded by manicured grounds, mature trees, and a wonderful ambiance.

For more information or to request a private showing, contact Marc and Rory Shevin.