Calabasas is the best place to live and raise a family. The schools are great.
We have a brand new library, civic center and lots of shopping and great restaurants.
It is difficult to time the market. The best thing to do is purchase the home that you love
in Calabasas and enjoy living the lifestyle the City takes pride in offering to its residents.

Visit my site at http://www.locatecalabasashomes.com

or I can set up an account for you to receive e-mails daily of the new homes on the market.

Log into locatecalabasashomes.listingbook.com to learn more about the homes for sale.

Any questions please call 818-224-0630

The conforming loan limits are changing at year end. The $729,750 was a temporary increase and will go to $625,000.
Some sellers are finacing a portion of the purchase.
Loans over a million are being given to buyers with 30% down.
I can refer you to a great loan person to answer any further questions.
Marcello 818-430-0318
Please let him Jacqueline Jacobs referred you.

Values are down in Calabasas like everywhere though probably not as much. With that said, I have a couple of thoughts. First is there are no 15% down million dollar loan programs - none. You need 20% down for any jumbo loan and 30% over $1m. Due to this you probably want to consider Agoura Hills or Thousand Oaks. They are a little farther but the bang for the buck substantially superior to Calabasas. Your $150K (15% or $1m) will gt you a mid $900K home - provided - you can buy and close prior to 12/15/08. This is when the last of the 'conforming -jumbo' loans will be accepted ($729,750). After that the conforming limit is $625K. and then your 20% is only buys you $775K. For Jumbo you 20% only buyer you $750K. Given that price point you will definitely need to forgoe Calabasas. T.O. is your best bet at those prices. there are beautiful homes and you're only giving up 15 minutes of commute time.

I'm an active agent in the Calabasas area. Prices have dropped considerably. There are many good deals out there right now for qualified buyers. Prices may go down but you must consider that for every 10% the price of a home drops, interest rates only have to go up 1/2% and your payment would be almost equal. There are so many motivated sellers out there right now. Offers are coming in at what the buyers feel homes are worth. Sellers finally realize that if they want to sell they need to be realistic.

According to all market indicators prices will continue to drop. You'll see more of that happening after the spring market is over.