LivingMalibu.com » Malibu Home Prices 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 Third Quarter Malibu Market Update http://www.livingmalibu.com/third-quarter-malibu-market-update/ http://www.livingmalibu.com/third-quarter-malibu-market-update/#comments Sat, 08 Nov 2014 20:32:03 +0000 ritasimpson http://www.livingmalibu.com/?p=3353

Few names evoke visions of casual elegance of beach living as readily as Malibu. Situated close to the mega metropolis of Los Angeles, Malibu has been home to some of the most influential people in the world. The beauty of the varied terrain and the pristine beaches and rural feel are hard to find anywhere ...]]>

Few names evoke visions of casual elegance of beach living as readily as Malibu. Situated close to the mega metropolis of Los Angeles, Malibu has been home to some of the most influential people in the world. The beauty of the varied terrain and the pristine beaches and rural feel are hard to find anywhere else in Southern California.

The third quarter showed continued strength and upward price appreciation in all segments of the real estate market. Take a look at the tables bellow.

Malibu Landside Properties had robust growth in the upper segment of the market, properties over $3 million dollars with a 37% increase in the Median of sold properties compared to the same quarter last year!

The Beach side properties showed increased activity in the medium segment of properties priced under $3 million where the Median of sold properties increased by 17% in the last quarter compared to the same period last year. Here are the details:

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Malibu Real Estate IN High Demand http://www.livingmalibu.com/malibu-real-estate-in-high-demand/ http://www.livingmalibu.com/malibu-real-estate-in-high-demand/#comments Sun, 24 Mar 2013 23:12:11 +0000 ritasimpson http://www.livingmalibu.com/?p=2722

The spring homebuying season has kicked off  in Malibu with tight  housing inventories and Prices going UP.

Malibu  famous for it’s celebrity residents and gorgeous coastline is experiencing a run for the homes on the market with 90% increase  in properties under contract on the landside and a jump of 348% on the median price of ...]]>

The spring homebuying season has kicked off  in Malibu with tight  housing inventories and Prices going UP.

Malibu  famous for it’s celebrity residents and gorgeous coastline is experiencing a run for the homes on the market with 90% increase  in properties under contract on the landside and a jump of 348% on the median price of homes sold at the beach.

While there is a difference in the dynamics of the land versus beach market in Malibu, and in the fact that one Mega sale can skew the stats in the area, we still can measure and compare the activity in the Market and take away useful conclusions:

For Properties at the beach in Malibu we had  asking price hike of  42% on average, and a realized 348% increase in the Median Price Sold, in February.  It seems to have followed the highest number of sales closed in December in the past few years.  The  phenomenal activity in December represented a 900%  increase over 2011! and seems to have pulled the momentum forward for the year.

As to the land side properties, we are experiencing a tight inventory with supplies contracting 37% and asking prices going up by 21%.

It looks like the Super Rich are parking lots of money in their Beach Houses in Malibu, and with properties under contract increasing by 90% over last February, it looks like savvy homebuyers are scrambling for  the best opportunities in Malibu properties before a new bubble sets in.

CMM_Report_SupplyAndDemand_data CMM_Report_MedianSoldPrice_chart Malibu Beach_SoldForSaleMedianPrice_chart Malibu Land Side_SoldForSaleMedianPrice_chart Malibu land Side_MedianSoldPrice_chart CMM_Report_MedianSoldPrice_chart CMM_Report_SoldForSaleMedianPrice_chart CMM_Report_UnitsUnderContract_chart CMM_Report_MedianSoldPrice_chart

 

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Malibu Home Prices Post 5% Increase In line with larger Market http://www.livingmalibu.com/malibu-home-prices-post-5-increase-in-line-with-larger-market/ http://www.livingmalibu.com/malibu-home-prices-post-5-increase-in-line-with-larger-market/#comments Wed, 26 Sep 2012 21:23:40 +0000 ritasimpson http://www.livingmalibu.com/?p=2372

Malibu Home prices, as a whole market, posted gains this year in line with the larger National Market but there was a huge jump for the Beach Front properties, which posted an unprecedented 84% increase in the Median from last year, during the same period, and  a 2 % increase over 2008 Median Prices!

The news ...]]>

Malibu Home prices, as a whole market, posted gains this year in line with the larger National Market but there was a huge jump for the Beach Front properties, which posted an unprecedented 84% increase in the Median from last year, during the same period, and  a 2 % increase over 2008 Median Prices!

The news for the land side properties was less favorable with continued price contracting at the rate of 5% so far this year but stabilizing as Sale prices have registered at 91.5% of list for that market.

Home prices typically are strongest in the summer, the busiest season for home sales, before declining later in the year. But the 5.9% rise in the larger economy far surpasses the 0.4% gain seen through the same period last year and the 2% gain in 2010 providing a much-needed boost if it continues, per todays article in the Wall Street Journal.

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