Malibu Real Estate Market Continues Downward Trend in Contracts

Over the last 30 days, the Malibu market had a lift in home sales with 11. But as sales edged up, the number of pending transactions continued to decline, with a total of three contracts during the same period. As contracts trended lower, prices have been increasing. The median sales price hit $3,642,248, extending a four-week long spike. Despite the rising prices, with 15 months of inventory left to work through, Malibu is still a solid buyer's market.

Without price being a factor in your decision, these are the top homes being listed in Malibu:

$60M   $57.5M   $57.5M  

Get started right now by checking out Malibu homes for sale or reviewing Malibu real estate trends.

Demographic facts for Malibu:

  • 22.6% of the people living here rent their homes.
  • This area has a job growth projection of 27.1% for the next 10 years.
  • There are 5,098 students for every librarian. (803 = national average)

Data reported through 1/11/2017

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Ask a local expert about this area:
Compass Reo Incorporated
Snapped 1 home in this area
Berkshire Hathaway HomeServices California Properties
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Seabreeze Estates Realty
Snapped 12 homes in this area

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