Malibu Beach Market Update

by ritasimpson on June 18, 2014

in How's The Market, Malibu Market Update

The first 6 months of 2014 had mixed results for the Malibu Beach homes market. While homes in the $5 to $10 million dollar range had a 200% increase in sales this year. The total sales volume for the beach house market was down 24% from last year, so most sales were of the Mid-High end properties.  Prices in the most active price range of $5 to $10 million dollar properties saw the Median appreciate by 12.6%, while properties in the over $10 million dollar range saw the median go up by almost 27% but had a 30% of the sales as compared to last year.  Contrary to common intuition, the properties that remained flat were the lower priced properties,  the under 5 million dollar range, which had half the sales this year than the same period a year ago.

Here are charts comparing last 2 years activity. Be sure to compare each month to its corresponding month for a more accurate insight.

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Post by Rita Simpson

Rita has written 468 articles.



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