Malibu Luxury Real Estate reports on the key market data indicators for Malibu beach houses for sale closed in first half of 2011 versus the first half of 2012.
Malibu Luxury Real Estate pulled all data from the MLS.
The number of Malibu beach houses for sale which have closed in the first half of 2012 versus the number of Malibu beach houses for sale that have closed in the first half of 2012 is a dramatic testament to the Malibu luxury real estate market recovering.
Here are the relevant statistics:
Number of Malibu beach houses for sale closed in first half of 2011: 15 Malibu Beach houses sold
Number of Malibu beach houses for sale closed in first half of 2012: 27 Malibu beach houses sold
This represents an increase of 80% in the total number of Beach houses for sale that closed in the first half of 2012 over the first half of 2011.
Average Days on the Market (DOM) for a Malibu beach house for sale to close in the first half of 2011: 360 Days.
Average Days on the Market (DOM) for a Malibu beach house for sale to close in the first half of 2012: 223 Days.
This represents a 38.05% decrease in the number of days it took for Malibu beach houses for sale to close in the first half of 2012 than it took for Malibu beach houses for sale to close in the first half of 2011.
Average Price point achieved for Malibu beach houses for sale in first half of 2011: $4.596m
Average Price point achieved for Malibu beach houses for sale in first half of 2012: $5.997m
This represents an increase of 30.44% in the average price point achieved from all Malibu beach houses for sale from the first half of 2011 versus the first half of 2012 for Malibu beach houses closed.
All of the above market data researched by Malibu Luxury Real Estate show a significant recovery from the very sluggish 2011 Malibu luxury real estate market and are good signs of a healthier market for Malibu beach houses for sale achieving significantly more transactions, at a quicker turnover rate and at significantly higher price points in the first half of 2012 versus the first half of 2011.
For questions about buying or selling a Malibu Beach house, please contact the broker of Malibu Luxury Real Estate, Mitch Hagerman at 310-963-4358.
posted: July 16, 2012 - Malibu Luxury Real Estate - Blog
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