First Malibu Beach Home Sales 2012

by ritasimpson on March 3, 2012

in How's The Market, Latest News

The year is starting with stable sales for Malibu beach homes. Last year we had three beach sales in the first two months of the year. This year the same. However the median price last year was $2,050,000, this year the median was $5,950,000. Suggesting a move towards the more expensive homes is nascent. The average price per square foot last year during the same period was $886.75, this year that went up to $1,013 and as to the Sold to List price ratio…well that is even more encouraging: Last year Seller appear to have been more negotiable with the deals closing at 85.03% of list while this year it registered 90.65%. All this points to a firming in the market and confidence that the value of the homes is real.

Check the ones that sold this year:




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