LivingMalibu.com » Malibu Luxury Home sales 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 Posted The Most Expensive Real Estate Sale In The Nation Last Year http://www.livingmalibu.com/malibu-posted-the-most-expensive-real-estate-sale-in-the-nation-last-year/ http://www.livingmalibu.com/malibu-posted-the-most-expensive-real-estate-sale-in-the-nation-last-year/#comments Fri, 07 Feb 2014 23:41:45 +0000 ritasimpson http://www.livingmalibu.com/?p=3048

 Luxury sales came roaring back to Southern California last year, and there is no reason to expect less this year.

Sales of homes priced over $1 million went up by 45% last year compared to 2012, and just 8% shy of the sales volume of homes over $1 million in 2007!

Malibu notched the most expensive sale last ...]]>

 Luxury sales came roaring back to Southern California last year, and there is no reason to expect less this year.

Sales of homes priced over $1 million went up by 45% last year compared to 2012, and just 8% shy of the sales volume of homes over $1 million in 2007!

Malibu notched the most expensive sale last year — at  $74.5 million for a 15,355-square-foot, eight-bedroom, 14-bathroom beachfront estate built in 1993, according to Dataquick. The estate sits on a 4.85-acre lot on the north end, the Encinal bluffs area of Malibu,  with a tennis court and infinity pool and sweeping ocean view.

According to Forbes.com  in a Dec 6 posting,  Howard Marks, founder of Oaktree Capital Management, sold the estate to an anonymous Russian buyer. It was the most expensive sale in the U.S. at the time and a record for Malibu, the site noted.

“The luxury home market is unique, and always has been,” John Walsh, DataQuick president, said in a statement. “It responds to its own set of economic factors. Things like job growth, mortgage interest rates and migration patterns do not play the same role as IPOs (and) stock-market performance.

 

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