Most Active Home Sales Areas In Malibu This Year

by ritasimpson on May 9, 2012

in How's The Market

Malibu Real Estate is moving nicely this Spring. The most active  areas for home sales in Malibu  so far this year have been:

Point Dume with 4 sales totaling over $30 million so far. One of the properties sold at $21 million skewing the average which would have been in the mid threes. Malibu Road followed with  4 sales totaling $21 million, an average of $5.3 million per home. The Broad beach area came in next with total sales of $17.5 million split into 2 categories the beach front with an average of $6.5 million and the land-side properties with an average of $1.5 million. Other  active areas have been Malibu Park with 6 sales totaling $15 million, averaging $2.5 million per home and Corral/Latigo with8 sales averaging $865K. The record low price paid per square foot was $234 for a home up Kanan Dume Road and the record highest price paid per square foot was $3,286 for a beach home on La Costa beach.

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