May Sales Activity Malibu Land Side Homes

by ritasimpson on June 8, 2012

in How's The Market

May appears to have been a clean up month in Malibu, with most but not all sales sweeping the lower priced properties. The median price paid was $1,535,000 the high priced sale was $3,450,000 and the average paid per square foot was $561.05

Only a handful of the 17 sold Malibu Land side homes in May were  over $2,000,000 properties  and in impeccable shape.  Yet, most of the inventory sold got pretty close to their asking price with an average closing prices at 96.62% of list and an average of 84 days on the market.

The take home message?   prices have stabilized, properties are moving at an accelerated pace and if you have been hoping to get a deal call me!  The good deals are no longer lingering, they are getting snapped up.

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

Market Analysis Report

Last Run: 06/08/2012 at 4:21:08 PM   Status: Sold Sold Date: 5/1/12 to 6/1/12 Areas: (33) Malibu
# of Listings
Average DOM
Low Price $
Median Price $
High Price $
Average Price Total $
*Avg. Price w/ Sq.Ft. $
*Average Sq. Ft.
*Avg. Price/Sq.Ft. $
***Avg. Price w/ LSZ $
***Average LSZ
***Average Price/LSZ $
Average SP/Average LP
Active
Backup
Hold
Pending
Sold LP
17
84
849,000
1,615,000
3,650,000
1,764,823
1,764,823
3,304.35
534.09
1,764,823
61,013.53
28.93
Sold SP **
17
84
792,000
1,535,000
3,450,000
1,705,206
1,705,206
3,304.35
516.05
1,705,206
61,013.53
27.95
96.62%
Expired
Canceled
Withdrawn
* = Square footage calculations do not include those listings with a reported square footage of zero (0 such listings were found).
*** = Lot size calculations do not include those listings with a reported lot size of zero (0 such listings were found).
** = All calculations in the “Sold (Sold Price)” column do not include those Sold listings with either a reported square footage of zero or a reported Selling Price of zero (0 such listings were found) or a reported lot size of zero (0 such listings were found).
Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2012 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed. Prepared by: Rita Simpson DRE# 01705752

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