Reported by the Malibu Times this week, after the results from 2007 are now in. Malibu had one of its best years on record and the average price if a property in Malibu now stands at the princely sum of $4.8 million.
On average every 4 our of 5 years in the past two generations Malibu prices have increased. In 2006 the average selling price was at $4.1 million, the 2007 level is a staggering $700,000 more than this!
However there has been concern expressed for property under the $2 million mark. That is not to say that prices will fall dramatically, it is just that sellers of such properties will likely need to adjust their price down to attract buyers. Interestingly in the first five weeks of this year already six homes have been sold!
The beach is of course ever popular in Malibu, as in Malibu Real Estate. Celebrities are crying out for their own slice of the beach life.
Malibu real estate represents more than just a financial investment, it is also a lifestyle purchase. From the beach to the mountains there is something for everyone to do as well as a selection of diverse property to suit any buyer.
