Submarket Snapshot: Homes in Malibu in Q1 2016

Los Angeles /
May.May 04, 2016 05:00 PM

In the first quarter, 34 homes over $1 million sold in Malibu, according to a report by the Agency. 

They sold for an average of $2.6 million, a 5.3 percent decrease from the same period last year.

The median sale price on a luxury home, meanwhile, rose 11.9 percent to $2.35 million.

Homes sold at a faster clip, spending an average of 116 days on the market, 33.3 percent fewer than in Q1 2015.


Related Articles

arrow_forward_ios
Sprawling spec home above Malibu’s Carbon Beach asks $47.5M
Sprawling spec home above Malibu’s Carbon Beach asks $47.5M
Sprawling spec home above Malibu’s Carbon Beach asks $47.5M
Marc Andreessen and his new house (Google Maps, Getty)
Andreessen revealed as buyer of California’s most expensive house
Andreessen revealed as buyer of California’s most expensive house
Fashion executive Serge Azria was the seller of the property (Getty)
$177M for Malibu home sets California record
$177M for Malibu home sets California record
Pink lists Malibu pad months after buying it
Pink lists Malibu pad months after buying it
Pink lists Malibu pad months after buying it
King Abdullah II bin Al-Hussein of Jordan and his 3 Malibu properties at  29140 Cliffside Drive, 29150 Cliffside Drive, 29208 Cliffside Drive (Getty, Redfin, Realtor)
These are King Abdullah’s secret Malibu properties
These are King Abdullah’s secret Malibu properties
Kanye West and 24844 Malibu Road (Getty, Compass/Facebook)
Album drop then price chop: Kanye pays $57M for Malibu beach house
Album drop then price chop: Kanye pays $57M for Malibu beach house
Leonardo DiCaprio adds another Malibu beach house to SoCal portfolio
Leonardo DiCaprio adds another Malibu beach house to SoCal portfolio
Leonardo DiCaprio adds another Malibu beach house to SoCal portfolio
Keely Shaye and Pierce Brosnan with the Malibu house (Getty, Compass via Realtor.com)
Buy another day: Pierce Brosnan pulls Malibu beach house off market
Buy another day: Pierce Brosnan pulls Malibu beach house off market
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...