Malibu Home Sales July & August 2011

Malibu Single Family Homes Market Information

Active Lisitngs:   330
Looking for Backup:  27
Pending Sale: 14

July & August Sales

28 Total Homes Sold
17 Homes Sold $2,000,000 and under
11 Sold Over $2,000,000
4 Beachfront Homes Sold
24 Landside Homes Sold

Average “Days On Market” for these 28 sold homes was 153 Days

Address                        Landside/Beachfront     Bed/Bath                         Sale Price
24166 Malibu Rd                  BF                             6/6.5                               $13,750,000
31634 Sea Level Dr              BF                              4/4                                  $5,350,000
29754 Baden Pl                     LS                               6/5                                 $4,100,000
6288 Porterdale                    LS                              5/5.5                               $3,500,000
5603 Sea View Dr                  LS                              5/7                                  $3,225,000
19710 Pacific Coast Hwy      BF                             3/4                                  $2,990,000
6340 Cavalleri Rd                  LS                            5/5.5                                $2,825,000
2301 Kanan Rd                       LS                             6/9                                  $2,537,500
20308 Pacific Coast Hwy     BF                            4/4                                   $2,300,000
31581 Sea Level Dr                 LS                            3/3.5                                $2,196,250
6408 Trancas Rd                    LS                            4/2.5                               $2,175,000
30065 Morning View Dr       LS                            4/3                                  $2,000,000
20340 Big Rock Dr                 LS                             3/3                                 $1,975,000
21642 Rambla Vista               LS                              3/4                                 $1,815,000
32026 Pacific Coast Hwy      LS                             4/3.5                               $1,650,000
3505 Coast View Dr                LS                            4/2.5                               $1,640,000
24609 Skyline View Dr          LS                             3/2.5                               $1,625,000
21633 Pacific Coast Hwy       LS                              3/3                                 $1,600,000
18133 Wakecrest Dr                LS                             4/3                                 $1,595,000
1351 Decker Canyon Rd         LS                             4/4                                 $1,580,000
3203 Rambla Pacifico            LS                             4/5                                  $1,550,000
24442 Piuma Rd                     LS                              3/3                                 $1,500,000
23302 W Bocana St                LS                             4/3                                  $1,457,000
6148 Busch Dr                         LS                             4/3                                   $1,175,000
1075 Yerba Buena Rd            LS                              2/2                                  $1,150,000
2939 Gorge Rd                        LS                             3/2.5                                $1,131,323
6155 Paseo Canyon Rd           LS                            3/2                                   $1,100,000
23422 W Copacabana St        LS                             4/3                                  $785,257

For more Malibu Market Information or to Buy or Sell your Malibu Home Contact…

Katherine Berlyn
(310)880-8977
Homes@KBMalibu.com
KBMalibu.com
Pritchett-Rapf & Assoc
DRE 01439431

The market info provided by MLS is deemed to be accurate, but is not guaranteed by Broker or Agent.

Sales this Summer on Malibu Beach… and Accepted Offers on the Beach!

For those of you wondering “What has Sold on the Beach in Malibu this Summer?”

Here is the Rundown: 6 Houses Total…

24166 Malibu Rd. Sold For $13,750,000 Closed July 20

25026 Malibu Rd. Sold For $9,000,000 Closed June 24

19710 Pacific Coast Hwy Sold For $2,990,000 Closed Aug. 9

20962 Pacific Coast Hwy Sold For $2,950,000 Closed June 6 Represented Buyer

20308 Pacific Coast Hwy Sold For $2,300,000 Closed July 22

32052 Pacific Coast Hwy Sold For $2,100,000 Closed June 30 (Not exactly on the sand… but close to it!)

Now the Latest on Accepted Offers on The Beach in Malibu…
6 Houses Total Currently Have Accepted Offers!

25438 Malibu Rd. AKA “The Sandpiper”  is now “Looking For Backup” Priced at $13,995,000.

24146 Malibu Rd. is now “Looking for Backup” Priced at $6,995,000

31634 Sea Level Dr. is “Pending” Sale Priced at $5,750,000 (REO)

19728 Pacific Coast Hwy is “Pending” Sale Priced at $4,250,000

7331 Birdview Ave. is now “Looking for Backup” Priced at $3,180,000

19236 Pacific Coast Hwy is now “Looking for Backup” Priced at $1,595,000

For More Information About these properties call (310)880-8977 or email Homes@KBMalibu.com

Info Provided by MLS is deemed to be correct.  Agent and Broker do not guarantee information.
Malibu Homes, Recent Sales, Beachfront, Summer, 2011, Malibu Real Estate, Malibu Beach
Copyright Katherine Berlyn 2011

HUGE PRICE REDUCTIONS IN MALIBU! Almost $6 Million, $5 Million, and more!

Prices are coming down!  In the last 30 days 44 houses in Malibu listed for sale reduced their prices, while 3 homes decided to go against the grain and raise their price!

Some of the Biggest Reductions in the last 30 days include the following 2 Broad Beach Homes…  (See a list of other reductions below!)

31388 Broad Beach Rd. in Malibu Reduced their price nearly $6,000,000 on June 2nd, 2011.  The home was once listed at $39,995,000 in April 2010.  The recent price was reduced from $16,900,000.  This breathtaking home is situated on approx. 80′ of Broad Beach frontage, and is abound with 180 degrees of stunning Ocean View.  Its a Polynesian influenced architectural wood & glass with long viewing deck on the ocean side.  It features direct access to the beach, a stunning lagoon style pool and spa with a walk bridge that takes you over the pool.  A true mecca for relaxation.  4Bed, 4 bathrooms plus separate guest suite.

For more information or to schedule a showing of this property call (310)880-8977

Above Listed with Andrew Stern of Coldwell Banker

31406 Broad Beach Rd. Malibu Reduces it’s price $5,000,000!  This home just dropped it’s price to $9,850,000 on July 22nd, 2011 from $14,850,000.  Originally listed for sale March 22, 2011, this wood home with sliding glass doors leading to over-sized oceanfront balconies with spa, features amazing Ocean Views, and is situated on approx. 95′ of prime Broad Beach frontage.  It is a 4 bedroom, 5 bathroom home.
For more information, or to schedule a viewing of this home, call (310)880-8977.

Above Listed with Cormac O’Herlihy Sotheby’s

Other Price Reductions in Malibu, in the last 30 days include…

27530 Calicut Rd.                 $2,000,000 Reduction!     Now $11,750,000
21950 Pacific Coast Hwy    $1,475,000  Reduction!     Now $8,400,000
20026 Pacific Coast Hwy   $695,000    Reduction!      Now $5,300,000
21500 Pacific Coast Hwy    $455,000    Reduction!      Now $6,495,000
31536 Victoria Point Rd.     $425,000   Reduction!      Now $7,850,000

For more information regarding Homes For Sale in Malibu, call Katherine Berlyn (310)880-8977.

Information in this posting obtained from MLS is deemed to be reliable but is not guaranteed by agent or broker.

Malibu Real Estate Market Snapshot July 2012

Current Active Real Estate Listings in Malibu… (according to the MLS)
340 Houses
45 Condos
228 Land
298 Leases

Current Pending Sales…
18 Houses
5 Condos
6 Land

47 Houses Sold in the Last 3 months…
Sales Prices ranging from $730,000-$10,588,000

14 Condos Sold in the Last 3 months…
Sales Prices ranging from $312,000-$1,000,000

Sales Volume for Malibu (Landside & Beach)  June 2011 = $57,622,825  June 2010= $25,409,288  Quite a difference!

If you would like more information regarding the Malibu market, or information on how to sell or buy a home in Malibu, email homes@kbmalibu.com or call (310)880-8977.

* All statistics provided by MLS