Malibu Most Active (Sales) Neighborhoods

by ritasimpson on July 18, 2012

in How's The Market

Malibu’s Home Sales have surged in the last 6 months, but there are neighborhoods that had more action than others. Here is a glimpse into which were the most popular neighborhoods, what were the price points, and how close to the asking price were these sales.

Point Dume and Malibu Park (Hills near Zuma Beach) were the most popular neighborhoods with 11 closings each in the last six months. Point Dume had a higher Median Price at $3,750,000 while in  Malibu Park the Median was $2, 750,000. and Price per square foot was also higher in Point Dume averaging $1,171 while at Malibu Park the average was $703  per square foot.

Malibu Road came in a close second with 8 closings registering a Median of $5,400,000 and a $1,940 average price per square foot. Surprisingly La Costa Beach had a higher median $5,750,000 and average price per square foot of $2,166.

Other popular areas this year have been Big Rock, Malibu West and Malibu Cove Colony.

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