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Malibu Luxury Real Estate transactions double 2012 versus 2011

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Malibu Luxury Real Estate transactions double 2012 versus 2011: Malibu Luxury Real Estate reports on the Malibu Luxury Homes market segment analyzing key market indicators for the first half of 2011 versus the first half of 2012. Malibu Luxury Real Estate considers “Malibu Luxury Real Estate transactions” to be Malibu real estate sales transactions in excess of $5 million and we utilized data available to us via the Multiple Listing Service. In 2011, of all the Malibu luxury homes for sale, 4 Malibu luxury homes sold. The Malibu luxury homes took on average 108 days to sell. The average price point achieved by a Malibu luxury home was $7,645,000. By comparison in 2012, out of all the Malibu luxury homes for sale, 8 Malibu luxury homes sold. This represents an increase of 100% on Malibu luxury homes sold in the first half of 2012 versus the number of Malibu luxury homes sold in the first half of 2011. The Malibu luxury homes for sale in 2012 took an average of 68 days to sell. This represents a 37% quicker turnover for the Malibu luxury homes that sold. The average price point out of all the Malibu luxury homes that sold in 2012 was $6,771,094. This would suggest that Malibu luxury homes priced between $5-10 million are in higher demand than Malibu luxury homes priced $10m+. For questions about the Malibu Luxury Real Estate market or to receive a free market analysis of the value of your Malibu home or to find the best Malibu homes for sale available to purchase, please contact Malibu Luxury Real Estate broker, Mitch Hagerman: 310-963-4358 Mitch@MalibuLuxuryRealEstate.com, www.MalibuLuxuryRealEstate.com posted: July 31, 2012 - Malibu Luxury Real Estate - Blog
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