The Malibu real estate market is surging upward, as seen by key indicators in our latest Malibu Market Action Report by Branch manager Jay Rubenstein.
The market report below shows the most current market update for Malibu market updates for August.
As you can see, the median sales price in July was 1,625,000 which is up 16.1% from 1,400,000 in July 2010 but down about 10% from 1,805,000 from last month.
The average days on market (DOM) for Malibu real estate is a way to measure the length that the supply of inventory is on the Malibu market. Upward trends of days on the Malibu Market indicate a buyers market. With more inventory than ever with more than 300 homes on the market. Now is the best time to buy Malibu real estate, Malibu Land for sale or Malibu Homes in a long time.
Please contact me if you have any questions on this report or visit my website at www.malibuluxuryrealty.com