This Month in the Malibu Real Estate Market: March 2013

This is your monthly update on the Malibu real estate market.  Keeping informed of the overall market trends in the area you are looking to buy makes you a more informed and powerful consumer.  If you are selling or interested in selling, knowing the current pricing trends can help you determine what the value of your home is.
245 Properties are currently on the market
• 215 single family residences at an average price $6,684,833; average days on market 164; average price per square foot is $1,646.51
• 23 condos at an average price of $935,017; average days on market 105;  average price per square foot is $821.63
• 7 townhomes average price $967,286; average days on market 58; average price per square foot is $478.62.
55 Properties came on the market in March
• 42 were single family residences at an average price of $4,268,595; average price per square foot $1,161.84
• 8 condos at an average price of $967,238; average price per square foot $947.34.
• 5 townhomes at an average price of $1,124,400; average price per square foot $510.16.68
39 Properties sold in March
• 28 single family residences sold at an average price of $1,940,960; selling after 150 days on the market; average price per square foot $737.45
• 9 condos sold at an average price of $1,585,556; selling after 103 days on the market; average price per square foot  $885.29
• 2 townhomes sold at an average price of $1,170,000; selling after 103 days on the market; average price per square foot $486.69
Check back in next month to get the latest update on the Malibu real estate market.

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