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Malibu Real Estate: 2012 vs. 2013

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

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

Number of Malibu homes for sale closed in 2012: 245
Number of Malibu homes for sale closed in 2013: 253

These statistics demonstrate a minor increase of 3.3% in the total number of Malibu Beach homes that closed escrow in the year of 2012 versus the number of Malibu Beach homes that closed escrow in the year of 2013.

Average Days on the Market (DOM) for a Malibu Beach house for sale in the year of 2012: 177 Days on the Market.

Average Days on the Market (DOM) for a Malibu Beach house for sale in the year of 2013: 143 Days on the Market.

This represents a statistically significant decrease of 24% in the number of days it took for a Malibu Beach home sale to close in the year of 2012 versus those in the year of 2013. Even with the increase of homes on the market during the year of 2013 versus the year of 2012 in Malibu, the time it took to sell a home has decreased dramatically within a year’s time, representing an increase in demand and a thriving real estate market.

Median price for a Malibu Beach house sold in the year of 2012: $2,000,000

Median price for a Malibu Beach house sold in the year of 2013: $1,995,000

In comparison to the year 2012, 2013 had a fairly similar median selling price for a Malibu Beach home, with only a .2% decrease in median price. This represents an indication of a healthy market, in which the median price of a Malibu home had maintained a fairly constant rate, with no drastic decreases in price over the 2-year span of time. 

Currently, there are 176 single-family homes in Malibu actively for sale. 

All the market data pulled from the MLS researched by Malibu Luxury Real Estate shows a reasonable increase in the demand in the Malibu real estate market in combination with a limited supply and are good indicators of a stronger market for Malibu homes for sale. The Malibu real estate market generally achieved more closed Malibu homes for sale, with significantly less time required to sell down the already limited Malibu house inventory.

For questions about buying or selling a 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 Malibu homes for sale closed in the year of 2012 versus Malibu homes sold in the year of 2013.  

Best Regards,

Mitch Hagerman
Associate Broker
DRE#01897348 posted: January 29, 2014 - Malibu Luxury Real Estate - Blog
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