Malibu beachfront homes experienced slight growth in 2006 while Malibu land area homes exceeded 2005 sales numbers.

Let’s compare the actual single family sales activity for the year 2006 versus 2005 in Malibu.  Based on statistics provided by the Combined L.A./Westside MLS, Inc. – there were $255,534,999 sales volume in 2006,  almost equivalent to 52% of the sales volume in 2005.  The sold homes averaged about 96.9% sold price to last listed price and about 93.43% sold price to the original listed price.
 
Likewise the activity along the Malibu land area shows that there were $466,616,114 sales volume in 2006,  actually over 106% more sales volume than in 2005.  The sold homes averaged about 95.64% sold price to last listed price and about 82.51% sold price to the original listed price.
 
Additional interesting tidbits for the Malibu beach single family homes:  there were 39 homes sold for all 2006 – average days on market was 104 days on the sold homes.  At the end of 2006, there were 47 active listings – there were 107 new listing during 2006.
 
The additional interesting tidbit for single family homes on the Malibu land area:  there were 188 homes sold for all 2006 – average days on market was 216 days on the sold homes. At the end of 2006, there were 201 active listings – there were 460 new listings during 2006.
 
I thought these statistics were interesting.  I will do a similar report on condo activity next.  If you are looking for the Malibu expert, then contact Judy Kunisaki at (310) 317-8396.

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