View the company blog View the company newsletters View menu/brochure Visit Twitter Page Visit Facebook Page Subscribe to RSS feed Share This

Malibu Beach Houses Sold Over $3,000,000: 2012 vs 2013

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


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


Number of Malibu Beach houses for sale closed over $3,000,000 in 2012: 50

Number of Malibu Beach houses for sale closed over $3,000,000 in 2013: 33


These statistics represent a decrease of 51.5% in the number of luxury Malibu Beach homes sold over $3,000,000 in 2012 versus the number of luxury Malibu homes sold over $3,000,000 in 2013. 


Average Days on the Market (DOM) for a luxury Malibu home sold over $3,000,000 in the year of 2012: 216 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 7.5% in the number of days it took for a luxury Malibu Beach 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 Beach area to sell between the years of 2012 and 2013. 



Median price for a luxury Malibu Beach home sold over $3,000,000 in the year of 2012: $6,046,875

Median price for a Malibu Beach home sold over $3,000,000 in the year of 2013: $6,300,000

In comparison to the year of 2012, 2013 had a slightly higher median selling price with an increase of 4.2% for a luxury Malibu Beach home sold over $3,000,000. 


Currently, there are 43 luxury beach 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 decrease in the rate of demand for a luxury Malibu Beach 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 Beach home. But, in the year 2013 there was quite a few less homes sold over $3,000,000, as compared to 2012. 


For questions about buying or selling a luxury Malibu Beach home, please contact the broker of Malibu Luxury Real Estate, Mitch Hagerman at 310-963-4358 and visit our website at www.MalibuBeachHousesForSale.com 



Best Regards,

Mitch Hagerman
Associate Broker
DRE#01897348
posted: February 13, 2014 - Malibu Luxury Real Estate - Blog
bookmark this posting direct link for this posting