Malibu, CA what is the Luxury Real Estate Market like?
Malibu, CA what is the Luxury Real Estate Market like?
Often times I get asked what is the Malibu Luxury Real Estate Market like? First I am thrilled that I get asked, unlike two years ago no one really asked me, now it is back in the everyday conversation. Second I smile everything in Malibu is Luxury Real EstateJ
The better question is: how is the Real Estate Market on the Beach Side or conversely how is the Real Estate Market on the Land Side of Malibu? So instead of giving generalizations, like many people like to do, I prefer to give factual information.
These numbers are taken from the Multiple Listing Service covering the period of January 1st, 2013 to January 31st, 2013. I have separated the statistics based on the Ocean Side vs. the Land Side. Now you tell me what you think of the Luxury Real Estate Market in Malibu, CA.
For the Month of January:
On the Beach Side of Malibu there were:
8 Active Listings: the least expensive home was listed at $7,995,000.00 and the median list price was $12,790,625 and the most expensive list price was $17,900,000
1Pending Listing: list price was $2,195,000
2 Sold Listings: the least expensive was listed for $1,250,000 and sold for $1,650,000 the other one was listed at $4,980,000 and sold for $4,700,000.
On the Land Side of Malibu there were:
26 Active Listings: the least expensive home was listed for $869,950 and the median list price was $3,930,805 and the most expensive home was listed at$12,950,000
3 Backup Listings: $1,375,000, $1,400,000 & $1,975,000 respectively
1 Hold Listing: $740,000
2 Pending Listings:$1,488,000 & $3,650,000
10 Sold Listings: the least expensive home was listed at $689,000 and sold for $685,000 the median sales price was $1,746,450 and the most expensive sale was $4,050,000.
Well to me it is clear that there was a robust activity in the Malibu Real Estate Market, especially if you combine the Land Side with the Ocean Side Statistics. After you reviewed these numbers feel free to reach out to me with questions as well as if you are looking to buy or sell in Malibu, CA.
If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.
