Here are the numbers showing what’s happening to land-side homes in Malibu from Nov. 06 YTD to Nov. 07 YTD. The number of new listings decreased from 444 to 389 or -12.99% The number of sold units decreased from 177 to 146 or -17.51% The median sales price increased from $1,865,000 to $2,197,500 or an increase of +17.83%! Here are the...
Check out these recent headlines: “Location! Location! Location! – Better Schools Mean Higher Property Values” (USA Today), “House Buyers are Willing to Pay for a Good Education,”(The Wall Street Journal) If the quality of a school directly affects the value of local real estate, then Malibu High School has just given...
If the answer is less than 20, you may want to consider someone who takes the marketing of your home more seriously. One agent recently studied 268 listings in the MLS and found that homes with more photos sold much faster than those with just a few. Here is the relationship between the number of photos and Days on Market: 1 Photo = 70 Days on Market...
Courteney Cox-Arquette and husband David Arquette turned quite a profit in the sale of their modern Malibu home. The couple bought the house in 2001 for $10.1 million and sold it in early August to Los Angeles Dodgers owners Frank and Jamie McCourt for $33.5 million. The mansion sits directly on the Pacific Ocean and has four bedrooms over its...