With home sales relatively equal between February 2019 and February 2020, increasing by 1 from a total of 6 to 7, Topanga’s average sales price did record a definitive increase of almost 7% over the same period to $1,588,500. In comparison to January 2020, Topanga 3 home sales created an average sales price of $1,928,000. February home sale prices ranged from $675,000 for a 9,000+ square foot lot with a 1 bedroom, 1 bathroom structure, sold under asking in a court conservatorship, to $3,200,000 for a 4 bedroom, 4 bathroom 4400+ ocean view estate on a nearly 2.5 acre lot sold before going on the market.
With 27 new listings in February 2020, January 2020 new listings were at 15 and at 18 in February 2019. There are currently 40 homes in Topanga available on the MLS with prices ranging from $460,000 to $14,500,000.
Take a look below to see the latest sales activity for the prior month and year, along with current and past year-to-date statistics for market activity in Topanga. Click on the image below or here to view the full report.
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