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Malibu Luxury Real Estate Home Prices & Sales Increase In March

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Home prices across California have jumped 8.3% in March compared to February and 24.7% compared to a year earlier, according to the real estate firm, DataQuick on Thursday.

It was estimated that 37,764 homes were sold which was 31.5% more than the previous month.

Extremely low inventory has led to sharp price increases, as buyers are taking advantage of historically low interest rates. In addition, cash investors are purchasing properties in high numbers to rent or resell.

Southern California saw significant price gains in the month of March.

Please see the full article posted at LA Times on April 18th here:
 
http://www.latimes.com/business/money/la-fi-mo-california-home-prices-sales-20130418,0,4080452.story

Now is a great time for buyers to begin their search for their new home. It is also a great time for sellers to list their home! If you are looking to sell, buy, or lease your home in Malibu, please contact Malibu Real Estate Broker, Mitch Hagerman at (310) 963-4358 and visit our website for Malibu Luxury Real Estate listings.
posted: April 23, 2013 - Malibu Luxury Real Estate - Blog
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