as the value of homes in Malibu increased at least 15 percent. Also, Malibu experienced its second consecutive billion dollar year, just in sales volume of homes only, within the 90265 zip code.
A $2.3 million median value in 2013 grew to $2,663,000 in Malibu during 2014, an increase of nearly 16 percent. The number of homes selling for less than $1 million was fewer than the number of homes selling for more than $10 million.
Malibu’s median sale value had peaked in 2008 at $3.3 million, only to drop to below $2.1 million when the market crashed in 2009-2011. Contrarily, the past three years have seen... Read the full article