Believe, Malibu Real Estate Is Moving!

by ritasimpson on March 21, 2012

in How's The Market

No matter what you may be hearing on the street or maybe the left over jitters of the last few years, you can now believe, Malibu Real Estate is on the way back! The proof? since the beginning of the year we have seen a steady uptick in sales and showings to the tune of a doubling of transactions from last year, but if you compare The month of  March  the results of last year’s March to date (21st,First day of Spring), you will notice the following:

No sales in  the same period in March 2011. By contrast this year we have 7 closed sales with a Median of $1,667,000 and a high of $5,750,000. Another 6 Pending escrows due to close before the end of the month with a Median in the $3,000,000 range and the high in the $8,950,000 range. We also have 11 other properties in escrow with a median of $6,495,000 and a high of $27,000,000. A grand total of 24 transactions so far. So what do you think, do we have a turn around or What??

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Post by Rita Simpson

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