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Malibu Real Estate Year to Date Increase

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Malibu Luxury Real Estate reports on the key market indicators for Malibu homes closed year to date through the third quarter.
 
Malibu Luxury Real Estate pulled all data regarding the number of closed Malibu single family homes, the average days on the market, and the median price achieved for the Malibu homes sold in two different time periods with data pulled from the Multiple Listing Service.
 
The number of Malibu houses that sold year to date in the first three quarters of 2011 versus those sold in the first three quarters of 2012 increased significantly-by 18%.  This shows that the Malibu market has strengthened a lot over the last year.  Here are the relevant statistics:
 
Number of Malibu homes for sale closed, Quarters 1 – 3, 2011: 133
 
Number of Malibu homes for sale closed, Quarters 1-3,  2012: 188
 
 
Average Days on the Market for a Malibu house to sell, year to date 2011: 195 days on the market.
 
Average Days on the Market for a Malibu house to sell, year to date 2012: 179 days on the market.
 
The median price point achieved for Malibu homes sold, year to date 2011: $1.7 million dollars.
 
The median price point achieved for Malibu homes sold, year to date 2012: $1.9 million dollars.
 
 
These statistics say a lot about the market in Malibu-18% more homes sold, 16 less days on the market, and the median price moved up.  This is a very good indicator that the Malibu market is doing significantly better than it was just one year ago.
 



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.MalibuLuxuryRealEstate.com
 
Warm Regards,
 
Mitch Hagerman
Associate Broker
Coldwell Banker
DRE#01897348

posted: October 26, 2012 - Malibu Luxury Real Estate - Blog
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