LivingMalibu.com » Malibu Median 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 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!

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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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