Malibu Market Report

Rick Wallace, Malibu resident, "MALIBU TIMES" contributing columnist, "Malibu Surfside News" Contributing Columnist

Every major sport has its off-season. Baseball, for example, shuts down at the end of October and not much happens until April. There may be player movement between teams and tweaks in the rules, but not much else is actually happening on the field.

There have been three dynamic forces upon the local real estate market in the past several months. 

First, the usual, has been a typical slow period from approximately Thanksgiving through the Super Bowl. That happens every year. It is a period, consistently, where the number of buyers... Read More

Malibu Home Sales 2015 To 2018 - Rick Wallace

Well, prices can’t go up every year. Malibu has had a nice run of real estate value appreciation since 2012, with six... Read More

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

This month's Malibu Real Estate Report
Malibu real estate report looks at reasons why it is tougher to sell in higher priced markets.
Malibu real estate report predicts record home sales in Malibu this year.
The the Malibu condo market can be a reliable bellweather to the overall market.
Previous to 2008, the state of California had never seen an annual drop in median price more than four percent.
Ultimately, one statistic defines an entire year of real estate activity in Malibu.
It has been partially lost in the mix since 2008 that Malibu real estate can be a great investment.
One million dollars is a heck of a lot of money. According to the U.S. Census Bureau, the median income
Editor’s note: This column is the third in a three-part series looking at Malibu’s most popular profession.
This is the second article in a three-part series looking at Malibu’s most popular profession.
Editor’s note: This column is the first in a three-part series taking a look at Malibu’s most popular profession.
Throughout Malibu, condo associations are seeing their highest priced sales in the past six years.
About $81 million in total condo sales volume graced the Malibu real estate market last year.
It is the bowling alley that you remember most. The ocean view over Zuma Beach below is nice.
I have always been a lukewarm defender of Legacy Park, but no more. It was fun for a while.
Deep within the caverns of real estate activity in Malibu, hidden from the light of the public eye,
Condominium values have been in steady ascent for the past two-and-a-half years, increasing in Malibu
It is not 2011 anymore. It certainly is not the miserable 2009. A good real estate market has returned
There is a street up in the hills alongside Rambla Pacifico that has five houses currently listed for sale.
With an upbeat market comes word of super high-end sales such as the recent deal in Beverly Hills that topped $100 Mil.
Buyers have found that 2012 has ended the sweet five-year period of the “buyer’s market” in Malibu.
Supply is way down. Demand is way up. Lurches in both directions make it official: It's a Sellers Market once again.
An increase in the median price of a home sale to $2,330,000, Malibu home values bumped upwards 3.5 percent in 2013
The years 2012 and 2013 will have several distinctions in the annals of Malibu real estate history.
By the sounds of news reports everywhere, the real estate market is going crazy.
The years 2009-2011 were the worst ever for Malibu real estate. Values plummeted like never before,
Housing supply in 2013 is low and demand is high by past standards.
It is amazing how popular Solstice Canyon and Escondido Falls have become to hikers.
January-March statistics indicate real estate market could be on verge of lasting breakthrough.
Median price of home sale rises 8 percent; indicators suggest continued upswing in 2013 Malibu housing market.
Statistically speaking, the years 2010, 2011 and 2012 were virtual triplets in the Malibu condo sales marketplace.
There were two positive trends to Malibu real estate during 2012. First, the number of single-family homes sold
Buyers have found that 2012 has ended the sweet five-year period of the “buyer’s market” in Malibu.
Sales are rising. Inventory is dropping. Already, there is the hint of prices inching upward. The trends are clear.
Neither buyers nor sellers are gaining any advantage.
I spoke to a cop who frequently patrols at the bottom of Pacific Coast Highway below Geoffrey’s.
The cries of Realtors seem to grow louder each summer: “Malibu real estate is dead in July and August.”
Sales up 800 percent over last year!
The local fog this spring has been about normal.
Heading into June, there are several good omens for the local condo market. For starters, the inventory has shrunk.
Home values a snapshot of supply, demand and marketplace attitudes.