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

Malibu Luxury Real Estate 1st Quarter Rises!

ShareThis
Malibu Luxury Real Estate reports on the key market data indicators for Malibu houses for sale closed in first quarter of 2012 versus the first quarter of 2013. Malibu Luxury Real Estate pulled all data from the MLS. The number of Malibu houses for sale which have closed in the first quarter of 2012 versus the number of Malibu houses for sale that have closed in the first quarter of 2013 is a testament to the Malibu real estate market recovering. 
 
Here are the relevant statistics: Number of Malibu houses for sale closed in first quarter of 2012: 51. Number of Malibu houses for sale closed in first quarter of 2013: 52. This represents an increase of 2% in the total number of houses for sale that closed in the first quarter of 2013 over the first quarter of 2012.
 
Average Days on the Market (DOM) for a Malibu house for sale to close in the first quarter of 2012: 192 Days. Average Days on the Market (DOM) for a Malibu house for sale to close in the first quarter of 2013: 152 Days. This represents a 26% decrease in the number of days it took for Malibu houses for sale to close in the first quarter of 2013 than it took for Malibu houses for sale to close in the first quarter of 2012. 
 
Average Price point achieved for Malibu houses for sale in first quarter of 2012: $1,600,000. Average Price point achieved for Malibu houses for sale in first quarter of 2013: $1,681,450. This represents an increase of 5% in the average price point achieved from all Malibu houses for sale from the first quarter of 2012 versus the first quarter of 2013 for Malibu houses closed. 
 
All of the above market data researched by Malibu Luxury Real Estate show a small recovery from the 2012 Malibu real estate market and are good signs of a healthier market for Malibu houses for sale achieving significantly more transactions, at a quicker turnover rate and at higher price points in the first quarter of 2013 versus the first quarter of 2012. For questions about buying or selling a Malibu house, please contact Malibu Luxury Real Estate Broker, Mitch Hagerman at (310)963-4358.

posted: April 25, 2013 - Malibu Luxury Real Estate - Blog
bookmark this posting direct link for this posting