Market Report
Topanga, CA 90290
Single-Family Homes
Chartwell Escrow | 310.740.1708
Topanga, CA 90290
Tue Oct 20 2020
This week the median list price for Topanga, CA 90290 is $1,897,000 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has held steady at or around 38.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $1,897,000 | |
| Per Square Foot | $719 | |
| Days on Market | 172 | |
| Price Decreased | 53% | |
| Price Increased | 0% | |
| Relisted | 16% | |
| Inventory | 38 | |
| Median Rent | $4,250 | |
| Most Expensive | $12,900,000 | |
| Least Expensive | $599,900 | |
| Market Action | 40 | |
| Slight Seller's Advantage | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $4,495,000 | 6,026 | 5 - 10 acres | 5 | 5 | 20 | 1 | 0 | 409 |
| $2,775,000 | 3,230 | 1 - 2.5 acres | 4 | 4 | 42 | 1 | 0 | 91 |
| $1,799,000 | 2,805 | 1 - 2.5 acres | 4 | 3 | 47 | 2 | 1 | 84 |
| $1,237,000 | 1,599 | 0.25 - 0.5 acre | 3 | 2 | 45 | 2 | 2 | 117 |