Malibu Luxury Real Estate researched data from the Multiple Listing Service looking at Malibu luxury homes for sale that sold over $5 million to see how the Malibu luxury homes market in 2011 compared to the Malibu luxury homes market in 2012.
2011 Malibu Luxury Homes Sold:
Number of Malibu Luxury Homes sold: 20 Malibu luxury homes
Average Days on the Market: 233 Days for Malibu luxury homes for sale to close on average
Average Price for Malibu Luxury Homes Sold: $7.875m
Average Price per Square Foot of Malibu luxury homes Sold: $1349 / SF
2012 Malibu Luxury Real Estate Sold:
Number of Malibu Luxury Homes sold: 47 Malibu luxury homes
Average Days on the Market: 200 Days for Malibu luxury Homes for Sale to close on average
Average Price for Malibu Luxury Homes Sold: $6.235M
Average Price per Square Foot of Malibu Luxury Homes Sold: $1951 / SF
Changes between 2011 and 2012 Malibu Real Luxury Real Estate Sold:
Number of Malibu Luxury Homes sold: Up 135%
Average Days on the Market for Malibu luxury homes to sell: Down 17%
Average Price for Malibu Luxury Homes Sold: Down 21%
Average Price per Square Foot of Malibu Luxury Homes Sold: Down 31%
Malibu Luxury Real Estate believes the above data has a lot to do with the fact that the LA Luxury real estate market in general has been strong and the Malibu real estate market tends to drag a bit behind LA market trends. The Malibu Luxury Real Estate market continues to steadily improve. It is still a buyers market in Malibu as there are currently 101 Malibu luxury homes for sale.
Please contact Malibu Real Estate broker, Mitch Hagerman at 310-963-4358 or at Mitch@MalibuLuxuryRealEstate.com for any questions about the current Malibu real estate market and for any assistance in buying or selling Malibu luxury properties.
Please also search all available Malibu real estate for sale on our website: www.MalibuLuxuryRealEstate.com
posted: May 17, 2013 - Malibu Luxury Real Estate - Blog
|
