December marked the end of what turned out to be one of the strongest years in real estate sales…ever. Year over year, the 12-month Average Sale Price of homes and the number of sales saw double digit percentage increases throughout Los Angeles County.
Agoura Hills ended the year with an Average Sale Price of $$1.041 million ($1.221 million for single residences) and a 6% increase in the 12-month average sale price. Calabasas recorded an 11% 12-month gain, ending 2020 with an Average Sale Price of $1.854 million ($2.158 million for single residences). Hidden Hills provided the only exception, though with far fewer sales, the statistical data was more impacted by a $22 million sale in 2019. For 2020 the December Average Sale Price in Hidden Hills was $6.829 million (down from $7.063 million in 2019), which resulted in a 12-month ASP decrease of 5%.
With the continuing limited number of homes for sale, low interest rates and a large number of motivated buyers, 2021 Real Estate is beginning right where 2020 left off.
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Source: CRMLS, The MLS