LivingMalibu.com » Appreciation of Malibu Property http://www.livingmalibu.com Malibu Real Estate-Malibu Homes For Sale Tue, 18 Jul 2017 20:51:46 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Curious About Comparative Appreciation Malibu Beach Homes Versus Land Side Properties? http://www.livingmalibu.com/did-beach-homes-appreciate-more-than-land-side-properties/ http://www.livingmalibu.com/did-beach-homes-appreciate-more-than-land-side-properties/#comments Sat, 11 Jan 2014 22:21:00 +0000 ritasimpson http://www.livingmalibu.com/?p=2960

Curious  about comparative appreciation between Malibu beach homes versus land side properties over the years? I pulled the sales information from the MLS from 1998 to the end of 2013 and here is what I found: For the Beach front properties: On average  the Price per SqFt has been consistently up for 16 years with  few exceptions, and has more ...]]>

Curious  about comparative appreciation between Malibu beach homes versus land side properties over the years?
I pulled the sales information from the MLS from 1998 to the end of 2013 and here is what I found:
For the Beach front properties:
On average  the Price per SqFt has been consistently up for 16 years with  few exceptions, and has more than tripled during that period going from $623 to $2,200 on average.  The Median jumped sharply in 2003 by 55% and had several other  big upward bumps  in 2005 (31.6%), 2007(37%),  even in 2009 (20%) and 2012(57%) only once sliding more than 20% in 2010 when most of the buyers were picking up the bargains.
The average price per SQFT appreciation over the 16 years period was close to 256%,  an average yearly appreciation of 16.02%.  A compelling appreciation realized for Malibu Beach Homes.
On the land side,  the average price per SqFt went from $258 in 1998 to $667. Median values appreciated consistently in the double digits till 2006 loosing steam in 2006 and declining  by 22% in 2008-2009. The price per $SQFT  climbed consistently  till 2008. Dropped  by 14% and an additional  12% in 2009, staying flat through 2010 with  a 12% rebound in 2011,  which was corrected again in 2012 and regained ground in 2013.
Appreciation on average, over the 16 year period was 158%  an average yearly  appreciation  of almost 10% per year.
A great reason to buy Malibu real estate whether beach front property or not.
Take a peak at the data and more information on Properties for Sale or Lease in Malibu
YEAR AREA Units Sold $ Median Sold (+-) Units (+-)Median $/SQFT $Sold/$List
1996 33 150 $545,000.00 $216.00 88.70%
32 22 $1,185,000.00 $623.00 87.70%
1997 33 271 $550,000.00 $220.00 93.00%
32 58 $1,387,000.00 $562.00 87.00%
1998 33 280 $634,000.00 3.00% 15.00% $258.00 93.00%
32 66 $1,262,000.00 13.00% -9.00% $593.00 92.50%
1999 33 281 $675,000.00 0.00% $278.00 92.00%
32 80 $1,690,000.00 21.00% 33.00% $655.00 93.00%
2000 33 321 $847,000.00 14.00% 33.00% $307.00 93.60%
32 76 $1,872,000.00 0.00% 10.00% $806.00 94.50%
2001 33 227 $799,500.00 -29.00% -5.60% $352.00 95.00%
32 47 $1,800,000.00 -38.00% -3.80% $1,052.00 95.00%
2002 33 294 $1,000,000.00 29.00% 25.00% $384.00 94.00%
32 67 $1,930,000.00 42.00% 7.00% $798.00 92.00%
2003 33 295 $1,200,000.00 0.00% 20.00% $453.00 95.00%
32 63 $3,000,000.00 0.00% 55.00% $1,076.00 95.50%
2004 33 288 $1,467,000.00 22.00% $565.00 95.60%
32 66 $3,225,000.00 7.50% $1,251.00 94.70%
2005 33 224 $1,700,000.00 -22.00% 15.80% $644.00 95.80%
32 73 $4,245,000.00 10.00% 31.60% $1,427.00 95.00%
2006 33 188 $1,850,000.00 -16.00% 8.80% $754.00 94.40%
32 42 $4,000,000.00 -42.00% -5.70% $2,011.00 91.60%
2007 33 163 $2,145,000.00 -13.00% 16.00% $784.00 94.80%
32 48 $5,500,000.00 14.00% 37.00% $1,817.00 90.40%
2008 33 87 $1,900,000.00 -46.00% -11.00% $675.00 92.00%
32 32 $4,925,000.00 -33.00% -10.00% $1,682.00 88.10%
2009 33 113 $1,687,000.00 20.00% -11.00% $597.00 87.80%
32 24 $5,925,000.00 -25.00% 20.00% $1,995.00 87.00%
2010 33 126 $1,670,000.00 5.00% 0.00% $595.00 91.00%
32 35 $4,225,000.00 45.00% -28.00% $2,037.00 87.60%
2011 33 135 $1,625,000.00 $666.00 87.00%
32 27 $3,500,000.00 -22.00% -17.00% $1,670.00 87.80%
YEAR AREA Units Sold $ Median Sold (+-) Units (+-)Median $/SQFT $Sold/$List
2012 33 189 $1,640,000.00 40.00% $568.00 91.40%
32 59 $5,500,000.00 118.00% 57.00% $2,023.00 88.60%
2013 33 194 $1,842,500.00 2.00% 12.00% $667.00 94.60%
32 45 $5,000,000.00 -23.00% -9.00% $2,220.00 88.10%
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