Malibu Hillside Sales Up in September

by ritasimpson on October 5, 2011

in How's The Market

 View of the Malibu Hills from point Dume

View from Point Dume


We had great activity and sales on the hillsides on Malibu this September with some big numbers registering for the hills. One sale in Montenido at $8,000,000  was of an equestrian property initially priced at $13,000,000. It had been on the market for over 400 days. Another big sale in the gated community of Malibu Pacifica in Latigo Canyon, came in at $6,000,000 after more than 300 days on the market on the market.All in all we had 12 sales in the hills with a median sale price of $3,175,000 and a low of $560,000. The average price paid per square foot was $758

Sale price to List price ratio was 87.72%

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