Malibu Real Estate Transactions Up

by ritasimpson on February 21, 2012

in How's The Market

If you had any doubts, don’t. The number of transactions in Malibu Real Estate since the beginning of the year has almost  doubled from last year during the same period!

In 2011 there were 25 homes in escrow in the first two months of the year. This year there are 42. Prices have not come down either in fact the median for the homes in escrow during the same period was $1,199,000 in 2011 compared to $1, 295,000 this year!

On the beach side there also has been improvement  9 homes under contract this year compared to 6 last year during the same period. Transactions so far seem to be concentrated on the lower  price spectrum at this time, but as the season progresses and the market firms up we can expect the trend to push the high-end as well.

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