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2012 Vs. 2013: Luxury Malibu Homes Sold Over $3,000,000

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Malibu Luxury Real Estate
2012 Vs. 2013: Luxury Malibu Homes Sold Over $3,000,000

 
Malibu Luxury Real Estate reports on the key market data indicators for luxury Malibu homes for sale closed in the year of 2012 versus luxury Malibu homes sold in the year of 2013.


Malibu Luxury Real Estate pulled all data regarding the number of closed luxury Malibu houses for sale, average days on the market (DOM) and the median price achieved for the luxury Malibu homes for sale in the two different time periods with data pulled from the Multiple Listing Service (MLS).


Number of luxury Malibu homes for sale closed over $3,000,000 in 2012: 83

Number of luxury Malibu homes for sale closed over $3,000,000 in 2013: 72


These statistics represent a decrease of 15.3% in the number of luxury Malibu homes sold over $3,000,000 in 2012 versus the number of luxury Malibu homes sold over $3,000,000 in 2013. This also represents a decrease in demand of luxury houses in the Malibu area during 2013, compared to that of 2012. 


Average Days on the Market (DOM) for a luxury Malibu home sold over $3,000,000 in the year of 2012: 202 Days on the Market.

Average Days on the Market (DOM) for a luxury Malibu home sold over $3,000,000 in the year of 2013: 201 Days on the Market.


This represents a statistical decrease of .5% in the number of days it took for a luxury Malibu home sale over $3,000,000 to close in the year of 2013, versus those that closed in the year of 2012. These statistics also represent a consistent rate of time for a luxury home in the Malibu area to sell between the years of 2012 and 2013. 


Median price for a luxury Malibu home sold over $3,000,000 in the year of 2012: $5,250,000

Median price for a Malibu home sold over $3,000,000 in the year of 2013: $4,839, 375


In comparison to the year of 2012, 2013 had a slightly lower median selling price with a decrease of 8.5% for a luxury Malibu home sold over $3,000,000. This represents a slight decline in the demand for a more expensive luxury home in Malibu to be bought, with homes being sold at a little bit less in price in 2013, as compared to 2012. 


Currently, there are 118 luxury homes in Malibu actively for sale with a listing price over $3,000,000.


All the market data pulled from the MLS researched by Malibu Luxury Real Estate shows a slight decrease in the demand in the luxury Malibu real estate market, in combination with a limited supply. The luxury Malibu real estate market generally stayed at a constant rate with the time it took for a home over $3,000,000 to sell. 


All the market data pulled from the MLS researched by Malibu Luxury Real Estate shows a reasonably constant rate of demand for a luxury Malibu home over $3,000,000. Between the years of 2012 and 2013, there was not much fluctuation in the difference of time it took to sell down a luxury Malibu home. But, in the year 2013 there was slightly less homes sold over $3,000,000, as compared to 2012. 


For questions about buying or selling a luxury Malibu home, please contact the broker of Malibu Luxury Real Estate, Mitch Hagerman at 310-963-4358 and visit our website at www.MalibuBeachHousesForSale.com Malibu Luxury Real Estate reports on the key market data indicators for luxury Malibu homes for sale closed in the year of 2012 versus luxury Malibu homes sold in the year of 2013.  


Best Regards,

Mitch Hagerman
Associate Broker
DRE#01897348
posted: February 6, 2014 - Malibu Luxury Real Estate - Blog
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