In This Article
- What Are the Key Differences Between The Oaks and The Commons?
- Which Shopping Destination Better Serves Calabasas Residents?
- What Are Current Home Values in Calabasas in 2026?
- How Do School Ratings Affect Property Values in This Area?
- Frequently Asked Questions About Shopping in Calabasas
When evaluating luxury shopping Calabasas destinations, residents consistently compare two premier locations. The median home price in Calabasas, CA, is $1,820,000, up 25.52% compared to last year, with a median sold price of $1,775,000 in January 2026. These luxury home values are directly influenced by proximity to premier shopping destinations, making The Oaks of Calabasas versus The Commons a critical consideration for homebuyers and current residents alike.
What Are the Key Differences Between The Oaks and The Commons?
The Oaks is a two-level indoor/outdoor, regional shopping mall located in Thousand Oaks, California. Accessible from US Highway 101 (the Ventura Freeway) midway between downtown Los Angeles and Santa Barbara, it is the largest shopping center in Ventura County. The mall features JCPenney, Macy's, Macy's Men's and Home Store, Nordstrom, in addition to a 14-screen dine-in AMC Theatre . In contrast, The Commons at Calabasas opened in 1998 as a high-end outdoor mall. The 215,000-square-foot outdoor marketplace is located in Calabasas in Los Angeles County, California. Renovated to be a retail resort, its 40 tenants provide everyday needs, lifestyle/specialty shops, and entertainment . The architectural styles differ dramatically. Development of the upscale retail and entertainment complex began with a vision of an Umbrian village, complementing the community's Mediterranean style. Caruso Affiliated was designed resembled a hill town of the Umbria region in rural Italy . Meanwhile, The Oaks underwent an extensive upgrade including interior finishes, restrooms, entrance canopies and skylights to reflect a modern Spanish and Santa Barbara-influenced design .Size (Sq Ft)Store CountAnnual VisitorsParking Spaces215k180+5M+6,500The CommonsThe OaksShopping Center Comparison
Source: Shopping center websites and Wikipedia, February 2026
Which Shopping Destination Better Serves Calabasas Residents?
For Calabasas residents, location proximity becomes a decisive factor. The Commons at Calabasas is located in Calabasas in Los Angeles County, California , while The Oaks sits in neighboring Thousand Oaks. This 10-minute drive difference significantly impacts convenience for daily shopping needs. The latest additions include Superba Food + Bread, KazuNori, BLVD Steak, Bacio Di Latte, and Zimmermann. Superba Food + Bread opened on March 28th, 2025, and offers California classics including burgers, sandwiches, and salads . Popular dining spots include Sugarfish by Nozawa for sushi, King's Fish House for seafood, and Marmalade Cafe for American fare. Sugarfish by Nozawa is a standout, consistently praised for its exceptionally fresh and high-quality sushi . At The Oaks, dining options reflect a traditional mall experience. The restaurants and dining options inside The Oaks are just as varied as the stores, as you can dine at such restaurants as Subway, The Cheesecake Factory, Chipotle Mexican Grill, Olive Garden, and StoneOven Gourmet Sandwiches & Salads . Toscanova at The Commons exemplifies the elevated dining experience Calabasas residents expect. Located at 4799 Commons Way in Calabasas, CA 91302, restaurant hours are lunch Mon, Fri 11:30 am, 4:00 pm, Sat, Sun 11:00 am, 4:00 pm, with dinner Mon, Thu, Sun 4:00 pm, 9:30 pm; Fri, Sat 4:00 pm, 10:00 pm . An elegant Italian trattoria, Toscanova serves an unusual and enticing variety of pasta dishes, seafood and steaks .
What Are Current Home Values in Calabasas in 2026?
Current data shows median home prices ranging from $1,638,927 (down 2.9% over the past year according to Zillow) to $1,820,000 (up 25.52% according to Houzeo), with recent sales data showing a median sold price of $1,775,000 . The variation reflects different methodologies and timing of data collection across reporting sources. Homes are sitting on the market for 96 days according to some sources, while recent data shows 40 days median time on market. With 93 active listings, 36 new listings, and 15 homes sold over the last 30 days, inventory remained controlled in Calabasas . Smart investors continue to view the area as promising given the premium location and amenities.
| Market Metric | January 2026 Data | Year-over-Year Change |
|---|---|---|
| Median Sold Price | $1,775,000 | +25.52% |
| Median New Listing Price | $2,410,000 | Data not available |
| Active Median Price | $2,699,000 | Data not available |
| Sale-to-List Price Ratio | 96% | +1.44% |
| Days on Market | 40 days | Data varies by source |
Property types vary significantly in pricing, with condos costing around $629,000, while single-family homes average $2,250,000 . Homes in The Estates at The Oaks generally range from the multi-million-dollar mark, with prices starting around $5 million and exceeding $20 million .
How Do School Ratings Affect Property Values in This Area?
Las Virgenes Unified School District (LVUSD) is ranked among the nation's top districts and encompasses 15 schools, spanning preschool through high school and serving the cities/areas of Agoura Hills, Calabasas, Hidden Hills, Bell Canyon and Westlake Village . This distinction significantly impacts property values in the area. Calabasas High School is served by the Las Virgenes Unified School District, rated A on Niche and has a 9/10 GreatSchools Rating. Calabasas High School has received feedback and ratings, with a Niche grade of A and a GreatSchools Rating of 9 out of 10. The average GPA is 3.68, the graduation rate is 95%, and average standardized test scores include an SAT score of 1330 and an ACT score of 30 . LVUSD is a destination district with superior academics, award-winning music and art programs, and championship athletics. Our schools offer a myriad of innovative programs, including AP Capstone, Arts and Media Academy, International Baccalaureate, Independent Study, GATE, Dual Language Immersion and a Public Waldorf School TK-8. LVUSD students are accepted into the most prestigious colleges and universities . For residents of luxury communities like The Oaks, the proximity to both premier shopping destinations and top-rated schools creates a compelling value proposition that sustains high property values even during market fluctuations. First-time buyers in the area often prioritize these school ratings when making purchasing decisions.
Frequently Asked Questions About Shopping in Calabasas
How far is The Oaks from The Commons at Calabasas?
The Oaks shopping center in Thousand Oaks is approximately 8 miles northwest of The Commons at Calabasas, typically a 10-15 minute drive via Highway 101. Both centers serve the greater Conejo Valley area, but The Commons offers more convenient access for Calabasas residents.
Which shopping center has better luxury brands?
The Commons at Calabasas features 40 tenants providing lifestyle/specialty shops, including Barnes & Noble, See's Candies, and Lululemon . The Oaks features major department stores JCPenney, Macy's, Macy's Men's and Home Store, and Nordstrom, plus specialty retailers like Arhaus . The Oaks offers more traditional luxury department store shopping, while The Commons provides a curated boutique experience.
Is construction at The Commons affecting shopping experience?
The Commons at Calabasas will remain open throughout the phases of construction, ensuring continuity of operations. All stores, restaurants, and amenities will continue to operate as usual. Builders say some of the stores and restaurants could by open by the end of 2026 . The expansion adds new retail and dining options while maintaining current operations.
Which location is better for families with children?
The Oaks Shopping center offers a variety of activities for all holidays such as photos with Santa for Christmas, photos with the Easter bunny in April, and handing out candy on Halloween. Little Oaks Kids Club is a monthly series of engaging, family-friendly events designed for toddlers and young children. From themed crafts and music to magical storytimes, each event brings joy, creativity, and connection to your little ones, all for free . The Oaks provides more structured family programming, while The Commons offers a pedestrian-friendly outdoor environment for families.
Thinking About Buying or Selling in Calabasas?
Davis Bartels and the DB Real Estate Group have helped nearly 1,000 families navigate the local market since 2009. Whether you're exploring your options or ready to make a move, reach out for a no-pressure conversation about your goals.
Contact Davis: davisbartels.com
