Malibu is always known for its fabulous real estate sales and recently these have been no exception with many celebrities buying and selling swathes of properties in the city.
However despite negative national press about the housing market things are looking great in California!
According to the California Association of Realtors, Sales of units increased 96.7% in September 2008 over last year! This is great news and shows that buyers are really snapping up those great deals out there.
In fact sales Statewide edged past 500,000 for the month for the first time in more than 2 years.
Also the level of inventory is down to a fantastic 6.5 months compared to 16 months a year ago. Also the median number of days it took to sell a single family home has shorted to an average of 46.1 days down from 56.7 a year ago.
Nationally home sales have risen - with California leading the way. Definate signs of a market which is poised to grow in 2009.
In Malibu, with such great numbers of luxurious property available it is no wonder that so many people are buying property in the area.
If you are interested in purchasing a home in the area then please contact Judy Kunisaki and her team in Malibu for professional Real Estate advice. You can contact her via her website or by calling the office on 310-317-8396.




