LivingMalibu.com » Malibu Best value 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 Malibu is the Value Area In Los Angeles to Buy Right Now http://www.livingmalibu.com/malibu-is-the-best-area-in-los-angeles-to-buy-right-now/ http://www.livingmalibu.com/malibu-is-the-best-area-in-los-angeles-to-buy-right-now/#comments Tue, 22 Sep 2015 00:46:05 +0000 ritasimpson http://www.livingmalibu.com/?p=3467

Moderate prices is Not the first thing that comes to mind when one thinks about Malibu Real Estate. However for the savvy buyer, the celebrity enclave, studded with multi-million dollar estates along the beaches and  beautiful canyons offers more value and potential upside than any of the competing luxury markets in the Los Angeles area. ...]]>

Moderate prices is Not the first thing that comes to mind when one thinks about Malibu Real Estate. However for the savvy buyer, the celebrity enclave, studded with multi-million dollar estates along the beaches and  beautiful canyons offers more value and potential upside than any of the competing luxury markets in the Los Angeles area. Take a look at some of the figures:

In the past year Santa Monica’s  Median home price jumped from $1,892,000 to $2,299,000 during the same period (January-September, in 2014 to 2015), that was a 21.5% price increase,  meanwhile price per square foot during the same period increased by 17% to $1,114/Sq Ft and a 42 day average time on the market,  In the Pacific Palisades the Median went from $2,542,500 to $2,875,000, a 13% increase while the price per SqFt increased by nearly 11%  to $993 and properties stayed and average of 57 days on the market. In Beverly Hills the Median climbed to $4,877,000 from $4,300,000, a 13.5% appreciation, while the price per square foot came up around 15% to $1,370 with  houses sitting 85 days on the Market. In Malibu by contrast, if you included beach front and land side properties, you would see a mostly flat market with price increases in the low single digits and and average of 143 days to close. Beach properties in particular, stayed longer on the market and the Median price, so far this year, has actually declined to $5,175,000, an 18% drop from last year. The Median for land side properties have mostly remained stable hovering around the $2,200, 000  and even the fabled Point Dume area has quieted down with a median now approaching $4,300,000 a 14% drop from last year and a 5% drop in the average price per square foot to $1,440.

Of course you may want to have a wider perspective of the real estate market in the Los Angeles area to appreciate the value proposition. Here is a great article posted on Curbed  that covers the wider Los Angeles housing market.

Malibu is indeed a luxury market of it’s own.  While properties s do not move as quickly as in other luxury areas in Los Angeles,  when families choose to be here, it’s usually for life. It is a community. It is “a way of life” as we say…nothing better in sight!

Take a glimpse at these three examples of homes priced at the median range:

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

 

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Malibu Prices Up 30% over Last Year http://www.livingmalibu.com/malibu-prices-up-30-over-last-year/ http://www.livingmalibu.com/malibu-prices-up-30-over-last-year/#comments Thu, 11 Jul 2013 23:38:42 +0000 ritasimpson http://www.livingmalibu.com/?p=2783

As to be expected, Malibu home prices whether on the beach or on the land side have moved steadily and fast over the last 6 months. When compared to last year’s first semester, both beach and land side property prices have moved up about 30%, while the number of transactions remained flat. That is mostly ...]]>

As to be expected, Malibu home prices whether on the beach or on the land side have moved steadily and fast over the last 6 months. When compared to last year’s first semester, both beach and land side property prices have moved up about 30%, while the number of transactions remained flat. That is mostly due to the very tight inventory with limited choices of properties on the market. The best thing for a buyer to do these days is to engage an expert buyer’s agent to work on the Buyer’s behalf and secure that great property  before or as it hits the market, otherwise it will be too late! You can no longer hope to find that great buy at Open Houses or by browsing the internet, by then it most likely will have multiple offers…

so here is the Best Value  Pick for a Malibu Beach House today:

We're sorry, but we couldn't find MLS # 13662845 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

And here is the most charming house on the market on the land side today:

We're sorry, but we couldn't find MLS # 13683157 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

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