The Real Deal Los Angeles

Submarket Snapshot: Single-family homes in Malibu

Average home listed in early 2016: $5.4 million

March 30, 2016 05:00PM
By Hannah Miet

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Malibu beach

Malibu beach

There were 45 homes that traded hands in Malibu in the fourth quarter, for an average price of $3.5 million, according to a report by the Agency. 

They sold at an average of $1,037 a square foot and at 6.5 percent over listing price.

At the start of 2016, 118 homes were listed in Malibu for an average price of $5.4 million, or $1,337 a square foot.