Malibu Market Report
The Malibu Gardens condo complex, near PCH and Kanan Dume Road, was built in 1975 and valued under $25,000 per unit at the time. Within 30 years, a record sale hit $700,000. Just two years later, a new record of $800,000 was established in the complex, in 2007. And then all hopes for a higher... Read More
Malibu’s own Rick Wallace is a great American, perhaps the greatest. I can’t think of anybody living in Malibu, or anywhere else for that matter, who is a superior human being. I am not sure that I have ever met Rick, but I can say unequivocally that nobody has done more to make me happy than... Read More
Through the first half of 2018, Malibu real estate is almost an exact replica of last year, which is great news for local homeowners and local real estate brokerages. The mimicking of statistics from 2017 means demand is strong and prices are holding steady.
America’s economy is steaming along strong, according to almost all indicators. The country is at peace (outside its borders, if not inside). There has been no significant natural disaster or recent major disruption to the harmony of the nation. Under such a backdrop, Malibu has a chance to... Read More
It does not matter which season it is, or which year. It matters not what the price range is, or whether it’s a house or a condo. It applies to an investor, or a family looking for their lifetime home. Nothing matters to a real estate buyer like getting a good deal!
What is a good deal?... Read More
It took nine years since the last one—2008—but Malibu experienced a new record year for home values in 2017. Both the average sale price and the median price in the 90265 ZIP code set whopping new highs during 2017. The average price of the nearly 250 home sales was more than $6 million.
... Read More
The price of gold in 1970 was about $39/ounce. Today it is about $1300. It has gone up about 33 times higher.
The Dow Jones stock average in 1970 was about 800. Now it is around 22,000, or about 28 times higher.
The median price of a home in Malibu in 1970 (representing... Read More
It’s simple, really. A Malibu homeowner decides to put his or her house on the market. They list it with a local agent. Everyone wants to live in Malibu, so it quickly gets offers and goes into escrow. A 30-day escrow closes and the new owners move in. And one last thing—the agent makes a giant... Read More
Malibu real estate will have its greatest year ever in 2017. It is a foregone conclusion. Even with the year not half over, you can lock it in. By more than one measurement, a new smash record year is virtually certain.
Through May, the volume of sales thus far locally has been nearly $... Read More
During the later part of April, three different Malibu homes came on the market. Which was the best deal? Which will probably sell quickest?
First, a large estate in Bonsall for well over $10 million had last sold in 2000 (the listing is 261 percent higher in price from its last sale;... Read More