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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
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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
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Q2 2011 Malibu Homes Sold vs. Q2 2012

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Malibu Luxury Real Estate Reports Q2 2012 Malibu home sales vs Q2 2011: Malibu Luxury Real Estate researched the Malibu real estate market from data available on the MLS to compare the performance of Malibu homes for sale that closed escrow in Q2 2012 versus Q2 2011. Malibu Luxury Real Estate looked at 3 key factors of the Malibu real estate sales data as Malibu real estate market indicators: 1. Malibu Houses for Sale that Closed in each time period: Q1 2011: Of all Malibu homes for sale, 50 Malibu homes for sale closed escrow. Q2 2012: Of all the Malibu homes for sale, 66 Malibu homes for sale closed. This represents an increase of 32% of Malibu homes for sale that closed escrow. 2. Average Days on the Market it took for each Malibu house for sale to close (DOM): Q1 2011: Of all the Malibu houses for sale, the Malibu houses for sale that closed did so in an average of 203 DOM. Q2 2012: Of all the Malibu houses for sale, the Malibu houses for sale that closed did so in an average of 124 DOM. This represents a 38.9% quicker sales cycle for Malibu houses for sale to close in Q2 2012 over Q2 2011. 3. Median Price points for the Malibu houses for sale: Q1 2011: The median price that the Malibu houses for sale sold for was $1.665M Q2 2012: The median price that a Malibu house for sale sold for was $1.866M representing a 12% increase in the median price point achieved amongst all the Manhattan Beach homes for sale. In summary, Malibu Luxury Real Estate believes this is positive news for the recovery of the Malibu real estate market. The increase of Malibu houses for sale closing increasing by 32% is statistically significant and the lower number of DOM by over 38.9% are both very strong compelling statistics that Malibu home buyers are back in the market in force. The perception of bottom in the Malibu real estate market is now prevalent. However, there are still 254 Malibu homes for sale on the market. Compare this statistic to a market like Manhattan Beach where there are only 72 homes currently on the market and in the last quarter 118 homes sold in that market versus 66 homes sold in Malibu with 254 Malibu homes for sale still on the market. The Malibu real estate market still has a good amount of inventory on its hands and although the market is heating up significantly, there are still some great buys amongst the 254 Malibu homes for sale as some sellers have to sell and are still competing with a good amount of other Malibu home sellers. Interest rates being at historically all time lows also is feeding demand for Malibu houses for sale. If you are interested in a free valuation of your Malibu home in today’s hot Malibu real estate market, or in finding the best possible Malibu home for sale to purchase, please contact Mitch Hagerman, Malibu Luxury Real Estate broker at 310-963-4358. Please also visit our website at www.MalibuLuxuryRealEstate.com posted: July 13, 2012
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Malibu Beach Houses Sold in the First Quarter - 2011 vs. 2012

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Out of all of the Malibu Beach houses for sale in 2011, 5 Malibu beach homes sold in the first quarter. The average days on the market for these 5 beach home sales were 375 days. The average total price for these 5 Malibu Beach homes was $3.639 million. In the first quarter of 2012, out of all of the Malibu beach houses for sale, 8 Malibu beach homes sold. The average days on market for these Malibu beach homes was 275 days. The average sale price for these 8 Malibu beach homes was $4.766 million. The number of Malibu beach houses for sale that actually sold increased by 60% in the first quarter of 2012 over 2011. The average sales price of these Malibu Beach houses for sale in the first quarter increased by 31% from 2011 to 2012. The average days on market for these Malibu beach homes for sale decreased by 35% from 2011 to 2012 in the first quarter. Please call Mitch Hagerman at Malibu Luxury Real Estate for current information on Malibu beach houses for sale! (310) 963-4358 posted: May 24, 2012
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Malibu Beach Houses for Sale Closed 1st Half 2011 vs 1st Half 2012

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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
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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
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