Malibu Market Report
Malibu real estate will have its greatest year ever in 2017. It is a foregone conclusion. Even with the year not half over, you can lock it in. By more than one measurement, a new smash record year is virtually certain.
Through May, the volume of sales thus far locally has been nearly $... Read More
During the later part of April, three different Malibu homes came on the market. Which was the best deal? Which will probably sell quickest?
First, a large estate in Bonsall for well over $10 million had last sold in 2000 (the listing is 261 percent higher in price from its last sale;... Read More
The Malibu condo market gets much less attention than the housing market. Fewer celebrity buys, lower prices, fewer sales units than houses. But the local condo market can be a reliable bellweather to the overall market. Prices can bend upward just as well or better than estates during some... Read More
The highly rumored sale of the Playboy Mansion in Holmby Hills provides great fodder about past mammoth home sales in the Southland. That same iconic residence that first broke the $1 million threshold in 1971 may now be the first residence that cracks the illustrious $100 million level in the... Read More
Then, in one disastrous year, the median price in the state fell from $558,000 to $348,000. A total collapse of 37 percent.
It fell an additional 21 percent the next year, in 2009. That unprecedented free-fall in real estate prices devoured Malibu as well, albeit lagging one year later... Read More
Despite the thousands of inquiries, showings, and offers, and the hundreds of sales, what really defines a year is the median price result. It is the median price of all the sales that most expresses how well a year performed.
After a median value of $2,655,000 during 2014, the median... Read More
Time is money. Money can buy time. In virtually every activity of our day, the choices we make involve a consideration of the cost in time and the cost in money.
The Malibu real estate market is founded on these two assets. In fact, all statistics to measure the marketplace involve those... Read More
Twenty-seven miles of scenic beauty? Topanga to Malibu Canyon is 7.2 miles, on to Kanan is another 5.8 miles. From Kanan to Encinal Canyon is 5.3 miles, then to Yerba Buena is 4.6 miles. About 23 miles, really.
You may have noticed the wall fountain at the Point Dume Plaza in the patio... Read More
This recent seven year period is the only time in history that values in Malibu have not shown distinct increase when laid end to end. During the current year, featuring a moderate increase in values, (perhaps 8-10 percent once the year comes to an end), still leaves us short of the 2008 high... Read More