🏡 June 2024 Luxury Real Estate Market Update & Trends for Malibu Beach, CA 🌟
🏡 June 2024 Luxury Real Estate Market Update & Trends for Malibu Beach, CA 🌟
🔻 Avg Sales Price: $4.05 million, 📉 down 77%
⚪️ Avg List Price $17.64 million, no change 0%
🔻 Properties Sold 1, 📉 down 50%
🔻 Days on Market: 48 📆, 📉 down 52%
🔻 $/Sq FT: $1,580, 📉 down 29%
Unlock the hidden wealth in your Malibu Beach property! 🗝️💼 Curious about your home equity 💰? Thinking of buying in Venice? 🏠🌴 Let's chat! Send a DM or call us at 📱 310-777-6342 for expert insights!
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Malibu Beach – a name synonymous with luxury, breathtaking ocean views, and the quintessential Southern California lifestyle. Known globally for its pristine coastline, Malibu epitomizes coastal living with its exclusive beachfront homes that offer privacy and elegance along the Pacific Coast Highway. If you're curious about the latest market trends in this iconic area, here's a snapshot of the Malibu Beach real estate market for June 2024.
Market Snapshot for June 2024
Average Sales Price: The average sales price for beachfront properties in Malibu is currently $4.05 million. This figure represents a 77% drop, but it's crucial to note this significant decrease is due to the fact that only one property was sold in June.
Average List Price: Despite the dip in sales price, the average list price remains strong at $17.64 million. Malibu continues to attract high-end buyers, and recently, a property sold for an astounding $210 million – the most expensive home sale in the country.
Properties Sold: There was just one property sold in Malibu Beach for the month of June, reflecting the exclusive nature of this market.
Days on Market: Homes are selling faster, with the average days on market now at 48 days, a 52% decrease from previous months. This quicker turnaround is a sign of the high demand and desirability of Malibu Beach properties.
Price per Square Foot: The price per square foot stands at $1,580, down 29%. While this decrease might seem significant, it's essential to consider the broader context of the luxury market and individual high-value sales that can skew averages.
Why Malibu Beach?
Living in Malibu Beach means embracing an unparalleled coastal lifestyle. From the serene sounds of waves crashing to the stunning ocean views, every day feels like a getaway. The area offers a blend of privacy and sophistication, making it a favorite for those seeking an exclusive retreat. Whether you're an outdoor enthusiast enjoying the beach or a lover of luxury with an appreciation for upscale living, Malibu Beach has something to offer.
Unlock the Hidden Wealth in Your Malibu Beach Property
Curious about your home equity or thinking of buying in Malibu Beach? Now might be the perfect time to explore your options. With high list prices and quick market turnarounds, Malibu remains a prime location for real estate investments.
Let's chat! Send a DM or call us at 📱 310-777-6342 for expert insights and personalized assistance in navigating the Malibu Beach real estate market.