Rick Wallace
Coldwell Banker, Malibu
Office: 310-456-0088

Malibu Real Estate Report

On the west side of Los Angeles, a prevailing cry from real estate agents is that there is no inventory of homes to sell

There seems to be plenty of buyers, even with tight lending policies still in place, and plenty of cash to pump into prime real estate.  If only more owners were selling.

The trend seems to be hitting Malibu also.  Very low inventory.  As an example, in March, 2012 the number of homes listed for sale for less than $2 million in the 90265 ZIP code was 54.  This month it has been around 17. Higher price ranges have seen less dramatic drops in available homes, but reductions in inventory all the same.  The pressure on prices upward, for both homes and condos, is unmistakable throughout every price tier.

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Best Malibu Buy Under $2 Million

Remarkable Compound with Expansive Views

Secluded, Ocean View, City Lights $2,750,000

Best Buy in Malibu $2-$4 Million

Immaculate Ocean View Contemporary

Ocean Views, La Costa Beach, Tennis Club $2,575,000

Best Malibu Buy Over $4 Million

The Essence of Tranquil and Enchanting Malibu Living

Whitewater View, Tuscan Estate, Private $4,975,000

Best Condominium Buy in Malibu

Ocean View Lunita Road Townhouse

Ocean View, Townhouse, Zuma Beach $1,199,000