The Malibu market is enjoying a solid upward trend, even as sales fell 10.7% this week to 25 homes over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. The median sales price climbed to $3,300,000, up from last week's $3,135,000. Malibu is a strong buyer's market, thanks to a big eight months of inventory to choose from and a pullback in sales.
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