Malibu Market Report
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
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