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What is my Calabasas home worth? Market Report for 08/11/16

By
Real Estate Broker/Owner with https://HugginsHomes.com 01234617

This Week's Home Prices in Calabasas

 Real estate market data provided by Ryan Huggins of Huggins Homes


About the Calabasas Area

It is generally accepted that the name of Calabasas is derived from the Spanish calabaza meaning "pumpkin", "squash", or "gourd" (cf. calabash). Some historians hold the theory that Calabasas is derived from the Chumash word calahoosa which is said to mean "where the wild geese fly."  Owing to vast presence of wild squash plants in the area, the squash theory is more prevalent among local residents. At the top of the Calabasas grade, which is east of Las Virgenes Road on the original El Camino Real, legend has it in 1824 a Basque rancher from Oxnard spilled a wagon-load of pumpkins on the road en route to Los Angeles. The following spring, hundreds of pumpkin seeds sprouted alongside the road. The area was named Las Calabasas - the place where the pumpkins fell.

In honor of its namesake, the City of Calabasas and the Calabasas Chamber of Commerce hold an annual Pumpkin Festival in October, including carnival games, exhibits, demonstrations, and live entertainment. The festival has evolved from a small-town fair to a significant annual event. Though the current Pumpkin Festival is held at Juan Bautista de Anza Park in Calabasas, the original festival was believed to have taken place where the traveling wagon carrying pumpkins overturned and started the area's first pumpkin patch.

The city's official logo, depicting a red-tailed hawk flying over the Santa Monica Mountains, symbolizes a commitment to preserving the community's natural beauty and semirural quality of life. This logo is featured on the Calabasas City flag which is flown in front of City Hall and hangs in the City Council Chambers.

 

Communities

Vista Pointe is located along the transverse ranges that run parallel to, and between, the Ventura Freeway (U.S. 101) and Parkway Calabasas.

From Parkway Calabasas: Hidden Hills West, Westridge, Calabasas Hills, Calabasas Park Estates, and The Oaks.

From Park Granada or Mulholland Drive: Mulholland Heights, Mulwood, Las Villas, Bellagio, The Ridge, Creekside, Clairidge, Calabasas Country Estates, Calabasas Highlands, Mountain Park, Abercrombie Ranch Estates, Cold Creek, and Park Moderne.

From Las Virgenes: Mountain View Estates, Monte Nido, Deer Springs, Stone Creek, El Encanto, Archstone, Mont Calabasas, Malibu Canyon Park, The Colony at Calabasas, and Calabasas View.

Mont Calabasas, a community on Las Virgenes Road was annexed into the city of Calabasas in 2011. Prior to annexation, the neighborhood was located in an unincorporated area of Los Angeles County.

From Lost Hills Road: Saratoga Hills, Saratoga Ranch, Deer Springs, and Steeplechase.

The most celebrity populated neighborhood in the general area of Calabasas is Hidden Hills, a separately incorporated city, which is featured on the E! TV series Keeping Up with the Kardashians.

 

City Map

 

Calabasas Real Estate Report Summary

 

 

 

Below is a current market snapshot of the Calabasas area:

Calabasas This week Last week Difference
Active: 139 138 1
Pending: 24 19 5
Sold (over the last six months): 417 414 3
Median list price: $1,404,500.00 $1,400,000.00 $4,500
Median sales price: $1,289,000.00 $1,284,000.00 $5,000
Median days on market: 58 58 0

 

 

CONTACT RYAN TODAY to find out what you home is worth!

Ryan Huggins
Huggins Homes
e:Ryan@HugginsHomes.com
c:805.905.4000
w:www.HugginsHomes.com

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Posted by

Ryan Huggins
Broker, Huggins Homes
CICP, CRISC, CISA, TLO
805.905.4000
Ryan@HugginsHomes.com
HugginsHomes.com

Serving your Real Estate needs in Ventura and Los Angeles Counties

DRE# 01234617

All information is deemed reliable but not guaranteed.

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