Coldwell Banker: Malibu Market Update
The Malibu market has quieted a little after a record summer, but still active.
The 2 Malibu offices combined are up in units 2.5%; our sales volume is up 7% to $915 million, headed towards a $1 billion dollar year. The average sales price is also up approximately 7%.
Per the MLS, Area 32 (Beach) there are 60 Active, 4 Pending and 39 Sold this year so far. Area 33 (Landside) there are 160 active, 32 Pending and 156 Sold.
The total Malibu numbers look like this through Nov 14: 220 Active, 36 Pending and 195 Sold. This is just what is in the MLS, we know there have been others so we are looking at 250 sales this year, which constitutes a very good year indeed.
By: Jay Rubenstein
