Malibu Market Report

Rick Wallace, Malibu Surfside News Contributing Columnist, Malibu resident

The price of gold in 1970 was about $39/ounce. Today it is about $1300. It has gone up about 33 times higher.

The Dow Jones stock average in 1970 was about 800. Now it is around 22,000, or about 28 times higher.

The median price of a home in Malibu in 1970 (representing... Read More

It’s simple, really. A Malibu homeowner decides to put his or her house on the market. They list it with a local agent. Everyone wants to live in Malibu, so it quickly gets offers and goes into escrow. A 30-day escrow closes and the new owners move in. And one last thing—the agent makes a giant... Read More

Malibu real estate will have its greatest year ever in 2017. It is a foregone conclusion. Even with the year not half over, you can lock it in. By more than one measurement, a new smash record year is virtually certain.

Through May, the volume of sales thus far locally has been nearly $... Read More

During the later part of April, three different Malibu homes came on the market. Which was the best deal? Which will probably sell quickest?

First, a large estate in Bonsall for well over $10 million had last sold in 2000 (the listing is 261 percent higher in price from its last sale;... Read More

The Malibu condo market gets much less attention than the housing market. Fewer celebrity buys, lower prices, fewer sales units than houses. But the local condo market can be a reliable bellweather to the overall market. Prices can bend upward just as well or better than estates during some... Read More

The highly rumored sale of the Playboy Mansion in Holmby Hills provides great fodder about past mammoth home sales in the Southland.  That same iconic residence that first broke the $1 million threshold in 1971 may now be the first residence that cracks the illustrious $100 million level in the... Read More

Then, in one disastrous year, the median price in the state fell from $558,000 to $348,000.  A total collapse of 37 percent.  

It fell an additional 21 percent the next year, in 2009. That unprecedented free-fall in real estate prices devoured Malibu as well, albeit lagging one year later... Read More

Despite the thousands of inquiries, showings, and offers, and the hundreds of sales, what really defines a year is the median price result.  It is the median price of all the sales that most expresses how well a year performed.

After a median value of $2,655,000 during 2014, the median... Read More

Time is money. Money can buy time. In virtually every activity of our day, the choices we make involve a consideration of the cost in time and the cost in money. 

The Malibu real estate market is founded on these two assets. In fact, all statistics to measure the marketplace involve those... Read More

It has been partially lost in the mix since 2008 that Malibu real estate can be a great investment.
One million dollars is a heck of a lot of money. According to the U.S. Census Bureau, the median income
Editor’s note: This column is the third in a three-part series looking at Malibu’s most popular profession.
This is the second article in a three-part series looking at Malibu’s most popular profession.
Editor’s note: This column is the first in a three-part series taking a look at Malibu’s most popular profession.
Throughout Malibu, condo associations are seeing their highest priced sales in the past six years.
About $81 million in total condo sales volume graced the Malibu real estate market last year.
It is the bowling alley that you remember most. The ocean view over Zuma Beach below is nice.
I have always been a lukewarm defender of Legacy Park, but no more. It was fun for a while.
Deep within the caverns of real estate activity in Malibu, hidden from the light of the public eye,
Condominium values have been in steady ascent for the past two-and-a-half years, increasing in Malibu
It is not 2011 anymore. It certainly is not the miserable 2009. A good real estate market has returned
There is a street up in the hills alongside Rambla Pacifico that has five houses currently listed for sale.
With an upbeat market comes word of super high-end sales such as the recent deal in Beverly Hills that topped $100 Mil.
Buyers have found that 2012 has ended the sweet five-year period of the “buyer’s market” in Malibu.
Supply is way down. Demand is way up. Lurches in both directions make it official: It's a Sellers Market once again.
An increase in the median price of a home sale to $2,330,000, Malibu home values bumped upwards 3.5 percent in 2013
The years 2012 and 2013 will have several distinctions in the annals of Malibu real estate history.
By the sounds of news reports everywhere, the real estate market is going crazy.
The years 2009-2011 were the worst ever for Malibu real estate. Values plummeted like never before,
Housing supply in 2013 is low and demand is high by past standards.
It is amazing how popular Solstice Canyon and Escondido Falls have become to hikers.
January-March statistics indicate real estate market could be on verge of lasting breakthrough.
Median price of home sale rises 8 percent; indicators suggest continued upswing in 2013 Malibu housing market.
Statistically speaking, the years 2010, 2011 and 2012 were virtual triplets in the Malibu condo sales marketplace.
There were two positive trends to Malibu real estate during 2012. First, the number of single-family homes sold
Buyers have found that 2012 has ended the sweet five-year period of the “buyer’s market” in Malibu.
Sales are rising. Inventory is dropping. Already, there is the hint of prices inching upward. The trends are clear.
Neither buyers nor sellers are gaining any advantage.
I spoke to a cop who frequently patrols at the bottom of Pacific Coast Highway below Geoffrey’s.
The cries of Realtors seem to grow louder each summer: “Malibu real estate is dead in July and August.”
Sales up 800 percent over last year!
The local fog this spring has been about normal.
Heading into June, there are several good omens for the local condo market. For starters, the inventory has shrunk.
Home values a snapshot of supply, demand and marketplace attitudes.