Stein Valuation, Inc.
Real Estate Appraisals & Consultation
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Following is a typical Appraisal Location description utilized by the Appraiser in analyzing the general area market trends.
Calabasas Area Description
Calabasas City is one of the least populated areas of California. According to the U.S. Census Bureau’s official census in year 2000, the city only had an overall population of 20,100. Out of the total population, 15,085 residents were at least 16 years of age, of which 7,870 were females. There were 13,263 city residents aged 25 and above.
Based on the same report, 6,311 residents were in school. Also, the results show that 44.7% of the city’s students were in elementary school, 22% were in high school, 20.3% were in college or graduate school, 7.7% were in nursery or preschool, and only 5.3% were in kindergarten.
Calabasas City’s labor force totaled 10,625, based on census results for the year 2000. Out of the 15,085 city residents that were at least 16 years old, 10,252 were employed and only 373 were unemployed. About 4,782 females that were at least 16 years old belonged to the labor force. About 4,603 of them were employed.
Out of Calabasas City's 10,252 workers, 74.2% worked for private companies, 10% worked for the government, 15.5% were self-employed, and only 0.3% were deemed to be unpaid family workers.
Most of the employed population had management, professional, and related occupations. About 26% of the workers had sales or office and administrative support positions while only around 7% had service jobs. Construction and maintenance workers made up only 3% of the city’s employed residents while production, transportation, and material moving workers account for 2.6%.
In terms of industry, 2,246 residents worked for the educational, health and social services industry. About 2,000 worked in the professional, scientific, management, administrative, and waste management services. Around 1,200 worked in the finance, insurance, real estate, and rental and leasing; and 992 were in the information industry.
Employment records also show that 878 workers were in the retail trade industry; 740 were in the arts, entertainment, recreation, accommodation and food services; 723 were in the manufacturing industry; 441 were in the wholesale trade services; 414 were in the construction industry; 158 were in public administration; 81 were in the transportation, warehousing, and utilities industry; 16 were in agriculture and mining industry; and 359 were in other services.
Of the total number of employed workers in the city, 5,649 were males and 4,603 were females. Most of the males worked in the professional, scientific, and management industry while most of the females were in the educational, health, and social services industry. Median earnings for full-time year-round male employees were $87,049, while median earnings for full-time year-round female employees were $46,403 in year 1999.
Records of the U.S. Census Bureau also show that there were 7,337 households in Calabasas City in 1999. Out of the total households, 17.9% had an income of at least $200,000; 17.4% had an income between $100,000 and 149,999; 16.2% had an income between $50,000 and $74,999; 13% had an income between $75,000 and $99,999; 12.1% had an income between $150,000 and $199,999; while the rest of the households earned less than $50,000. For the year 1999, the median household income of Calabasas City was at $93,860, and the mean earnings were $125,524.
The year 2000 census results also showed that there were 5,731 families in Calabasas City with a median income of $107,330. Most of the families had an income of at least $50,000. Around 1,225 families earned $200,000 or more; 1,068 earned $100,000 to $149,999; 896 had earnings of $50,000 to $74,999; 777 earned $150,000 to $199,999; and 753 earned $75,000 to $99,999. About 1,000 families had earnings of below $50,000. Only 118 families, or 663 individuals, were below the poverty level in 1999.
As per the U.S. Census 2000 results, Calabasas City residents lived in 7,485 housing units. About 5,089 of the housing units were single-unit detached units, 742 were single-unit attached units, 826 were multiple housing units, and 234 were mobile homes.
There were 7,275 occupied housing units in Calabasas City and very few vacant housing units, based on the year 2000 census results. About 36 of the vacant housing units were for sale and 57 were for rent.
The asking price for the housing units was at least $300,000. There were eight housing units that had a price of at least $1,000,000, but most were priced between $400,000 and $499,999. The median price was $458,300.
Rental for the vacant housing units was at least $900. More than 50% of the housing units had a rental price range of $1,000 to $1,499 while about 26% had a rental price range of $1,500 to $1,999. The median rent was $1,214.
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Additional statistical data for the area is presented below: Please note: differences between the above and below values are related to differing sources, though the ranges are considered to be quite reliable.