🏡 June 2024 Luxury Real Estate Market Update & Trends for Malibu, CA 🌟
🏡 June 2024 Luxury Real Estate Market Update & Trends for Malibu, CA 🌟
🔻 Avg Sales Price: $4.22 million, 📉 down 20%
🔼 Avg List Price $9.23 million, 📈 UP 1%
🔼 Properties Sold: 12, 📈 UP 39%
🔻 Days on Market: 88 📆, 📉 down 3%
🔻 $/Sq FT: $1,252, 📉 down 19%
Unlock the hidden wealth in your Malibu property! 🗝️💼 Curious about your home equity 💰? Thinking of buying in Malibu? 🏠🌴 Let's chat! Send a DM or call us at 📱 310-777-6342 for expert insights!
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Welcome to our June 2024 real estate market update for the stunning Malibu Hills! Malibu is renowned for its iconic beaches, but did you know that the Malibu Hills offer canyon retreats and vineyard estates that blend natural beauty, rural charm, and luxury living? If you want a breathtaking view of the entire coastline without paying oceanfront prices, Malibu Hills properties are an excellent choice.
Market Snapshot
Right now, the average sales price in Malibu Hills is about $4.22 million, reflecting a 20% decrease in June. However, the average list price is holding steady at $9.23 million, showing a slight increase of 1%. Despite the dip in sales prices, Malibu Hills remains a sought-after area with its scenic vistas and exclusive lifestyle.
Property Sales and Market Trends
In June, there were 12 properties sold in Malibu Hills, marking a significant 39% increase from previous months. This uptick indicates a growing interest in this beautiful hillside community. The days on market for these properties average around 88 days, down 3%, suggesting a healthy pace of sales.
Price Per Square Foot
The price per square foot in Malibu Hills is $1,252, down 19% from previous months. This makes Malibu Hills a more attractive option for those looking to invest in luxury real estate without the premium of oceanfront properties.
Why Choose Malibu Hills?
Malibu Hills offers the Malibu Beach lifestyle with panoramic views without the hefty oceanfront price tags. This area is perfect for those who appreciate the Southern California beach community lifestyle but prefer a bit more seclusion and a rural charm.
Real Estate Insights
If you are curious about your home equity or thinking of buying in Malibu, this might be the perfect time. The Malibu Hills market is dynamic, with properties offering a unique blend of luxury and natural beauty. The increase in property sales and stable list prices reflect a balanced market with opportunities for both buyers and sellers.
Unlock the hidden wealth in your Malibu property! If you have any questions or need expert insights, let's chat. Send a DM or call us at 📱 310-777-6342 for more information.
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