Hidden Hills, CA Real Estate Market Overview
Hidden Hills, CA, The Ultimate Gated Community
Hidden Hills, CA is both a city and gated community adjacent to Calabasas in the west San Fernando Valley. First developed in 1950 by A.E. Hanson, the city is accessible by three 24-hour guarded gates and has a total all land area of 1.7 square miles. According to the city of Hidden Hills, the development has 648 homes and 1,852 residents. What makes living in this little city so unique is each property in the community has over an acre of land and every home has it’s own swimming pool. Over the years Hidden Hills has had a number of celebrities and entertainment industry professionals call this community home. Actress and singer Jennifer Lopez was once a resident of this exclusive city, however last spring she put her estate on the market for $17 million. The former American Idol judge has recently reduced the listing price to $12.5 million.
According to the Hidden Hills Community Association, the association maintains all common areas which include six miles of roads, three guard houses, 25 miles of bridle trails, three community riding arenas, four tennis courts, a competition-size pool, recreation center, and a state-of-the-art, 99-seat performing arts/movie theater. Many residents in the community are quite active with both adults and kids participating in theater programs. Every summer the city also hosts a camp for kids. Additional community events include annual parades, carnivals, snow days, and weekly BBQ’s in the summer. There is also an annual Fiesta celebration which first began in 1962 as a way to celebrate the first anniversary of the City’s incorporation on October 19, 1961, according to the city of Hidden Hills. The city of Hidden Hills also has a school, Round Meadows Elementary School, located in the community as well which serves students grades K-5.
Recent Sales: There were 11 recent home sales in Hidden Hills which range in price from $2 million to $5 million. The two highest recent sales sold for $6.5 million and $9 million.
Availables: As of mid June 2016, there were 35 homes available for sale, which represents about 5% of the market in Hidden Hills. 5 of the homes listed for sale are priced at over $10 million, 15 are between $5 million and $10 million, and 15 are between $2 million and $5 million.
The average time for the homes in Hidden Hills to sell (Days on Market or DOM) is 92.