Latest Real Estate Data Malibu
Recent Real Estate Trends and Home Sales for Single-Family Houses in Malibu, 90265
This week, the average listing price for Malibu, CA 90265, stands at $8,495,000, with the market activity indicator roughly at 26.
For Home Buyers in Malibu: Currently, the market is in your favor. The property sales outnumbering the new listings implies a surplus of inventory. This surplus keeps the prices stable, meaning you have a good chance of getting a property at a relatively lower price. Now is an opportune time to aggressively look for properties that meet your preferences and negotiate a good deal. Remember, however, that the Market Action Index (MAI) is predicted to rise. This indicates a potential shift towards a seller's market. Therefore, if you see a property that fits your criteria, act swiftly to secure it before the market conditions change.
For Home Sellers in Malibu: Despite the current buyer's market, there's no cause for panic. Prices have remained stable, and there's a predicted upward trend in the MAI, suggesting that the market could shift in favor of sellers soon. If you're not in a rush to sell, waiting until this shift occurs might be beneficial. As the inventory gets absorbed, the competition lessens, which could lead to increased prices. Use this time to optimize your property's appeal. Make necessary improvements and market your property effectively to stand out from the remaining inventory. Once the MAI starts increasing consistently, it might be the right time to negotiate for higher prices.
Malibu Market Data Analyzed
In a nutshell, the current market condition presents an opportune time for buyers to invest and for sellers to prepare their properties for a potentially more favorable market scenario. It's all about timing your actions according to the market's pulse. Yet again this week, we observe the cost of properties in Malibu for single-family residences maintaining a stable level consistent for the past few weeks. Since our current prices are much lower than the highest price we've seen, we expect a steady increase in the Market Action Index - a measure of market activity - before prices change from where they are now.
Median Price Sq. Ft. Lot Size DOM
$32,750,000 5,500 0.5 - 1 acres 77
$11,472,500 4,703 0.5 - 1 acres 73
$5,322,500 3,057 0.5 - 1 acres 80
$3,097,500 2,100 0.25 - 0.5 acres 80
Recent Real Estate Trends and Home Sales for Condos in Malibu, 90265
This week's median list price for Malibu, CA 90265, is $1,249,500. The Market Action Index (MAI), which is a number that tells us about the market, is around 45. Also, there are a bit more homes available for sale this month compared to last month.
For Condo Buyers in Malibu: The market has been relatively stable in sales to inventory in recent weeks. However, there is a slight decrease in prices. It's important to remember that the market is currently a seller's market, suggesting the price drop may be limited or inconsistent. Buyers should closely monitor the MAI for an upward shift, indicating potential price stability. Interestingly, condos priced around $1.1M seem highly attractive to buyers, selling incredibly quickly - in just seven days. This suggests that there's robust demand in this segment, and if you're looking for a condo in this price range, you should act fast when you find one you like.
Median Price Sq. Ft. DOM
$4,625,000 2,009 143
$2,062,000 1,510 115
$1,100,000 1,151 7
$835,000 1,032 21
For Condo Sellers in Malibu: Despite a recent slight price drop, the market favors sellers due to the existing supply levels. The temporary price dip will likely be mild and variable, given the market conditions. Sellers should monitor the MAI for an up-shift, as this would indicate the market is moving towards price stability. If you're experiencing softer pricing compared to peak levels in recent weeks, it's crucial to take your time to drop your price significantly. The market is still favoring sellers in Malibu. This price point is in high demand, particularly for those selling condos between $800,000 to $1.1M. As such, marketing efforts should be optimized to highlight the value and appeal of these properties to potential buyers for maximum profit.
If you're planning to buy or sell any property in Malibu - be it land, a home for investment purposes, a luxury home, a villa, an estate, or a second home - we're here to help you through the process. We can offer you the latest market information, disclosures, a comparative market analysis, and a complimentary appraisal. We are here for you and ready to help. You may call Rinde Philippe at 310-422-9001.