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Malibu Real Estate Last Summer vs. This Summer

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Malibu Real Estate for Sale:
2011 Summer Malibu Real Estate for Sale Statistics vs 2012

Malibu Luxury Real Estate researched data from the Multiple Listing Service looking at key Malibu real estate for sale market indicators to see how the Malibu real estate for sale market in the Summer of 2011 compared to the Malibu real estate for sale market this last Summer of 2012.

Summer of 2011 Malibu Real Estate for Sale Market:
Number of Malibu Homes sold:  52 Malibu homes
Average Days on the Market:  205 Days for Malibu Homes for Sale to close on average
Average Price for Malibu Homes Sold:  $2.572M
Average Price per Square Foot of Malibu Homes Sold:  $744 / SF

Summer of 2012 Malibu Real Estate for Sale Market:
Number of Malibu Homes sold:  56 Malibu homes
Average Days on the Market:  207 Days for Malibu Homes for Sale to close on average
Average Price for Malibu Homes Sold:  $2.796M
Average Price per Square Foot of Malibu Homes Sold:  $758 / SF

Changes between 2011 and 2012 Summer Malibu Real Estate for Sale Market:
Number of Malibu Homes sold:  Up 7.7%
Average Days on the Market:  Up 1%
Average Price for Malibu Homes Sold:  Up 8.7%
Average Price per Square Foot of Malibu Homes Sold:  Up 1.9%


Malibu Luxury Real Estate believes the above data has a lot to do with the fact that the Malibu Real Estate for Sale market continues to steadily improve.  It is still a buyers market in Malibu as there are currently 245 Malibu homes for sale in the entire Malibu real estate for sale market.  At 56 Malibu homes sold over the last 3 months that is over a year’s worth of Malibu real estate for sale inventory. Malibu Luxury Real Estate’s opinion is that Malibu real estate for sale has clearly bottomed and it is a great buyer’s opportunity with plenty of Malibu real estate for sale inventory still available for purchase.

Please contact Malibu Real Estate broker, Mitch Hagerman at 310-963-4358 for any questions about the current Malibu real estate for sale market and for any assistance in buying or selling Malibu properties.

Please also search all available Malibu real estate for sale on our website:  www.MalibuLuxuryRealEstate.com

Warm Regards,
Mitch Hagerman
Malibu Real Estate Broker
DRE #01897348
Mitch@MalibuLuxuryRealEstate.com
310-963-4358 posted: September 14, 2012 - Malibu Luxury Real Estate - Blog
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