Malibu Beach Houses Selling Like Hot Cakes!

by ritasimpson on July 25, 2012

in How's The Market

It was not long ago, actually last year this time we were thinking that the high end beach homes were struggling…sales in Malibu on the beach were mostly for the bargains under $2,000,000.

This Summer we are experiencing a Complete turnaround.

Most malibu beach home sales are on the higher end of the spectrum.  Sales at the beach increased by 165% so far this year when compared to the same period last year.

Median prices at Malibu beach jumped from $2,950,000 last year at this time to $$5,425,000  That is 184% increase! and that is not taking into account the properties now in escrow which will bring the Median up to $10,397,500. That is a 353% jump!!!

Some will soon say, how didn’t I see this coming? don’t beat yourself, it is hard to believe the turn around with all the mixed news in this Economy. But to be sure one should always remember the basics:

1- Beach property is scarce.

2- Good Beach property is even more scarce in the Los Angeles area.

3-Beach property in a community protective of the beauty and the Natural Resources of the area is even more rare.

Investing in Malibu might be one of the surest bets you can make. There is nothing around like it!

Take a look at the great beach listings on offer on the market:

Sorry, but we couldn't find any results in the MLS that match the specified search criteria.

and the Solds

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