RSSState of the Malibu Real Estate Market
By Janet Siderman | July 30, 2008 | 6:09 PM | 0 Comments
While the U.S. Housing market is in a sharp decline, each local market is being affected differently. When thinking about buying or selling a home it is very important to talk to a local real estate agent that is knowledgable about the area. For example, Malibu prices have come down some but the price decreases seem to be hitting the lower and higher end home price ranges.
Below is a sample of Single Family Residences sold since April 1, 2008. I have only included the homes that sold for more than a 15% price reduction over the original list price.
Moral of the Story for Buyers: Don’t be afraid to make an offer!
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Property Address: 5617 Busch Dr, Malibu, CA 90265 Original List Price: $2,695,000 Sold Price: $2,202,500 % Reduction: 18% Date Sold: 4/1/2008 |
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Property Address: 6756 Wandermere Rd, Malibu, CA 90265 Original List Price: $2,750,000 Sold Price: $1,900,000 % Reduction: 31% Date Sold: 4/4/2008 |
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Property Address: 20444 NW Pacific Coast Hwy, Malibu, CA 90265 Original List Price: $2,800,000 Sold Price: $2,100,000 % Reduction: 25% Date Sold: 4/9/2008 |
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Property Address: 6408 Trancas Canyon Rd, Malibu, CA 90265 Original List Price: $1,950,000 Sold Price: $1,550,000 % Reduction: 21% Date Sold: 4/22/2008 |
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Property Address: 30736 Principio Drive, Malibu, CA 90265 Original List Price: $2,150,000 Sold Price: $1,770,000 % Reduction: 18% Date Sold: 4/29/2008 |
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Property Address: 4022 Escondido Drive, Malibu, CA 90265 Original List Price: $1,695,000 Sold Price: $1,235,011 % Reduction: 27% Date Sold: 5/5/2008 |
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Property Address: 20530 Pacific Coast Hwy, Malibu, CA 90265 Original List Price: $2,129,000 Sold Price: $1,750,000 % Reduction: 18% Date Sold: 5/14/2008 |
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Property Address: 31425 Birdella Road, Malibu, CA 90265 Original List Price: $1,495,000 Sold Price: $1,040,000 % Reduction: 30% Date Sold: 5/19/2008 |
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Property Address: 423 Woodbluff Rd, Malibu, CA 90265 Original List Price: $2,395,000 Sold Price: $1,910,000 % Reduction: 20% Date Sold: 5/23/2008 |
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Property Address: 30718 Pacific Coast Hwy, Malibu, CA 90265 Original List Price: $13,900,000 Sold Price: $11,500,000 % Reduction: 17% Date Sold: 5/28/2008 |
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Property Address: 23476 W Moon Shadows Drive, Malibu, CA 90265 Original List Price: $1,795,000 Sold Price: $1,083,000 % Reduction: 40% Date Sold: 5/29/2008 |
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Property Address: 11770 Pacific Coast Hwy, Malibu, CA 90265 Original List Price: $2,400,000 Sold Price: $2,020,000 % Reduction: 16% Date Sold: 6/5/2008 |
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Property Address: 27082 Malibu Cove Colony Dr, Malibu, CA 90265 Original List Price: $5,100,000 Sold Price: $3,500,000 % Reduction: 31% Date Sold: 6/25/2008 |
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Property Address: 2020 Stunt Rd, Malibu, CA 90265 Original List Price: $1,799,000 Sold Price: $1,300,000 % Reduction: 28% Date Sold: 6/29/2008 |
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Property Address: 30014 Zenith Point Rd, Malibu, CA 90265 Original List Price: $5,500,000 Sold Price: $4,500,000 % Reduction: 18% Date Sold: 7/15/2008 |
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To ask me more questions, or have me help you find a property, email me at: janet@callmalibuhome.com or call me at 310.924.4631.
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