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Malibu Luxury Real Estate reports on the Malibu beach houses recovery!

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Malibu Luxury Real Estate reports on the key market data indicators for Malibu beach houses for sale closed in second quarter of 2011 vs the second quarter of 2012. Malibu Luxury Real Estate pulled all data regarding the number of transactions, average days on the market and the average price point for the Malibu beach houses for sale in the two different time periods from the Multiple Listing Service. The number of Malibu beach homes for sale which closed escrow in the second quarter of 2012 versus the number of Malibu beach homes for sale that have closed escrow in the second quarter of 2012 is an enormous difference. It says a lot for the Malibu beach house market and the Malibu luxury real estate segment radically improving. Here are the relevant statistics: # of Malibu beach houses for sale closed in Q2 of 2011: 9 Malibu beach houses sold # of Malibu beach houses for sale closed in Q2 of 2012: 19 Malibu beach houses sold These statistics demonstrate an increase of 111% in the total number of Beach homes for sale that closed escrow in the Q2 of 2012 over Q2 of 2011! Average Days on the Market (DOM) for a Malibu beach house for sale to close in Q2 of 2011: 386 Days. Yes, that is correct, it took on average over a full year for the Malibu beach homes for sale that closed in Q2 of 2011 to achieve a sale! Average Days on the Market (DOM) for a Malibu beach house for sale to close in Q2 of 2012: 214 Days. This represents a 44.5% decrease in the number of days it took for Malibu beach houses for sale to close in Q2 of 2012 than it took for Malibu beach houses for sale to close in Q2 of 2011. Average Price point achieved for Malibu beach houses for sale in Q2 of 2011: $5.063 million dollars. Average Price point achieved for Malibu beach houses for sale in first half of 2012: $6.515 million dollars. These statistics represent an increase of 28.6% in the average price point achieved from all Malibu beach houses for sale from Q2 of 2011 vs Q2 of 2012 for Malibu beach houses closed. All the market data pulled from the MLS researched by Malibu Luxury Real Estate shows a remarkable rebound from the extremely slow 2011 Q2 Malibu beach house market and are good signs of a stronger market for Malibu beach houses for sale and the Malibu luxury real estate market generally achieving significantly more closed Malibu beach homes for sale, with significantly less time required to sell the Malibu beach house inventory, and at significantly larger price points for closed sales of Malibu beach houses in Q2 of 2012 versus Q2 of 2011. For questions about buying or selling a Malibu Beach home, please contact the broker of Malibu Luxury Real Estate, Mitch Hagerman at 310-963-4358. posted: July 17, 2012 - Malibu Luxury Real Estate - Blog
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