56 single family homes sold on the land portion in Malibu, California – for the period June 1, 2011 to September 30, 2011 — what a fantastic summer. Overall, some bargains were picked up — final price reductions ranged from $69,000 to $5,000,000 at the end tally. Interesting surprises as there were 2 homes that sold above the initial asking price that ranged from $100,000 to $600,000 above the initial price–signs that multiple offers were taking place.
Now is a good time to be pre-approved for a loan and pick up the bargains. If the homes are priced right, properties sell and sometimes the price is even driven up by the buyer competition. Call me!
