LivingMalibu.com » Malibu Real Estate Market 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.

 

]]> http://www.livingmalibu.com/malibu-is-the-best-area-in-los-angeles-to-buy-right-now/feed/ 0
Malibu Condo Report http://www.livingmalibu.com/malibu-condo-report/ http://www.livingmalibu.com/malibu-condo-report/#comments Fri, 21 Mar 2014 00:11:03 +0000 ritasimpson http://www.livingmalibu.com/?p=3144

Malibu Condos come in all shapes, sizes and prices, but we don’t have a huge selection…only 30 on the market today as compared to over 200 Single Family Homes for sale in Malibu. Only a handful of complexes are right on the beach: Tivoli Cove, The Outrigger, Malibu Bay Club and The Malibu among them. ...]]>

Malibu Condos come in all shapes, sizes and prices, but we don’t have a huge selection…only 30 on the market today as compared to over 200 Single Family Homes for sale in Malibu. Only a handful of complexes are right on the beach: Tivoli Cove, The Outrigger, Malibu Bay Club and The Malibu among them.  Among the most affordable is the Malibu Bay Club which is actually at the very end tip of Malibu at Ventura county, the median there is about $650,000 with some beach front units going for as high as $2,900,000…At Tivoli Cove which is at Latigo Shores, one of the loveliest smaller beaches with tidepools and a great surf point, the median is at $929,000 these days. The Point, is a wonderful complex just across Point Dume, and it offers beautiful units that really feel like a single family home with wonderful amenities and proximity to shopping and several amazing beach options from Zuma, to Westward and Point Dume Beaches.

Condo prices in Malibu have risen about 18% in the last 12 months and are expected to continue rising throughout this year.

Take a look at what is available now:

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

]]> http://www.livingmalibu.com/malibu-condo-report/feed/ 0
Malibu Sales Up 20% In 2014 http://www.livingmalibu.com/malibu-sales-up-20-in-2014/ http://www.livingmalibu.com/malibu-sales-up-20-in-2014/#comments Wed, 05 Mar 2014 20:10:36 +0000 ritasimpson http://www.livingmalibu.com/?p=3103

Despite the Very tight inventory, and tight financing conditions, sales are up in Malibu.

A gloomy real estate  forecast  for most Southern California areas for 2014 appears to not be affecting the Malibu Market.

While in  six county regions of Southern California, sales in Jan-Feb were down 21 percent from  December and down 10 percent from the same ...]]>

Despite the Very tight inventory, and tight financing conditions, sales are up in Malibu.

A gloomy real estate  forecast  for most Southern California areas for 2014 appears to not be affecting the Malibu Market.

While in  six county regions of Southern California, sales in Jan-Feb were down 21 percent from  December and down 10 percent from the same period a year earlier. In Malibu sales were UP 20% during the same period and Sale to list price was at 90% 5% above last year’s ratio.

DataQuick reports that 2014 started out with continued tight inventory, rising prices, rising interest rates and a shortage of baragin-priced foreclosed homes. We currently have none in Malibu.

In the overall region, sales were 17 percent below the average 17,493 for a January dating back to 1988, when DataQuick began tracking the marker. That is not unusual, though, since the market collapsed in the middle of the last decade.

Read the full story here.

]]> http://www.livingmalibu.com/malibu-sales-up-20-in-2014/feed/ 0
Malibu Market Update http://www.livingmalibu.com/malibu-market-update/ http://www.livingmalibu.com/malibu-market-update/#comments Mon, 01 Apr 2013 00:08:25 +0000 ritasimpson http://www.livingmalibu.com/?p=2752

If you want to know what is going on in Malibu Real Estate today here is a glimpse:

Realtors are busy, busy in Malibu. Activity as been in a frenzy at the beach but is also catching on  for the land side market, meaning properties on the land side of Pacific Coast Highway.

Last year, during the ...]]>

If you want to know what is going on in Malibu Real Estate today here is a glimpse:

Realtors are busy, busy in Malibu. Activity as been in a frenzy at the beach but is also catching on  for the land side market, meaning properties on the land side of Pacific Coast Highway.

Last year, during the first quarter, we witnessed a good upsurge in market activity and it has not softened since. During the first quater last year, Malibu land side properties registered 39 closed transactions. This year, during the same period  Malibu had 45 closed transactions. This translates into a 15% increase in the number of units sold. The Median Price  also increased from $1,225,000 in 2012 to $1,588,888 in 2013 during the first quarter. That is a 29.7% increase.

Of the 45 sales on the landside so far this year 12 were  properties under $ 1 million, 32 transactions were for properties under $2 million and 40 transactions were for properties under $3 million, That is 88% of the transactions were under the $3 million price tag.  On the beach side to the contrary most transactions are happening on the upper end of the price Ranges. With 6 transactions closed so far this year, over 50% of the transactions on the beach are over the $7 million dollar mark. with the highest this month at $17 million, and another closing at $10.5 million. The Median has ticked up 10% from last year same period but the highest sold item was 3 times as expensive as last year, indicating a clear trend towards the most exclusive properties unlike previous years were we saw a clean up in the lower price ranges.

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

]]> http://www.livingmalibu.com/malibu-market-update/feed/ 0
September Malibu Home Sales Up 170% Over Last Year! http://www.livingmalibu.com/september-malibu-home-sales-up-170-over-last-year/ http://www.livingmalibu.com/september-malibu-home-sales-up-170-over-last-year/#comments Thu, 04 Oct 2012 19:22:39 +0000 ritasimpson http://www.livingmalibu.com/?p=2409

This year Malibu Home Sales have been up consistently month after month. The month of September was especially good with an overall jump of 170% more units sold this September compared to last year. But the success is not only in the number of unit solds, the improvement translates in all measures including the average ...]]>

This year Malibu Home Sales have been up consistently month after month. The month of September was especially good with an overall jump of 170% more units sold this September compared to last year. But the success is not only in the number of unit solds, the improvement translates in all measures including the average price paid per square foot up from $729 to $1,260, nearly 160%, and the Sale price to List price ratio which jumped from 85.8% last year to 92.37% further confirming that prices had indeed reached the bottom and that Seller were receiving more and better offers for their properties.

The highest priced  Malibu Beach House sale this September was the Carbon beach home Larry Ellison

purchased for almost $37 million.

The highest priced Sale on the land side of PCH was the former family home of Mel Gibson which sold for $9,261,250.

Point Dume remained the top performing neighborhood for sales with 4 big sales this September with a Median of $5,000,000 and an average price paid per square foot of $1,412 and a Sold to List Price ratio of 92.4%

Although the highest priced properties sold are or were celebrity owned many of the Malibu property  transactions occur at the Median which still is in the mid 2 million dollar range.  What is remarkable this September was the increase in the number of transactions from 17 last year to 29 closed and 23 pending at this time!

 

]]> http://www.livingmalibu.com/september-malibu-home-sales-up-170-over-last-year/feed/ 0