Real Estate Statistics
|Avg. Days On Market||166|
Property Types (active listings)
The communities of Malibu Colony, Calabasas, Hidden Hills, Topanga and Bell Canyon are the most in demand with listing prices to match.
Malibu real estate forecasts will mirror those of the Los Angeles Housing market. Remember that similar to Hollywood and Bel Aire, this has a very select, small group of buyers. And while some Realtors have tried to brand themselves as King of Malibu, the wealthy are no fools. Successful Realtors in Malibu have strong presence in Malibu via Google and in the overall Los Angeles luxury homes market. They have the reach to billionaires and multi-millionaires across the world.
Properties in Malibu are harder to sell and sit on the market for sale for 115 days or more. Typically homes sell for about 91% of listed price which is now at a median price of $3,495,000. Median sales prices have doubled since 2001. Total sales volume in 2018 was about $2 Billion and there was a glut of sales in the first half of 2018.
It’s not just only Malibu beach homes that are in demand. The Canyon communities of Hidden Hills, Malibu Colony, Bell Canyon, and Calabasas are above $1.5 million on average. One area said to ailing is the area of Broad Beach where homes are not keeping pace with the usual Malibu real estate.
The likelihood of a Los Angeles housing crash is remote given the strength of the California economy, high demand and healthy finances of California homeowners and prospective buyers. Home prices might continue their 10% annual increase.
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