Sep 27 2010
High End Market Update. Numerous Malibu Homes Headed For Sale.
There are some serious deals going down within the Malibu Real Estate market right now. Despite the public’s perception that nothing is moving, numerous high end Malibu homes, beach houses, and ocean side lots listed for sale are either in escrow or have closed in the last 30 days. I think it’s a clear sign that buyer’s are seeing opportunities and are taking advantage of it. Across the board agents I know are reporting that showings on luxury homes are way up and that this is the busiest they’ve been in years.
Here’s a recap of the action in the last thirty days for Malibu homes above $2m
23808 Malibu Road $24,000,000 in escrow
23816 Malibu Road $15,900,000 SOLD
6051 Philip $14,995,000 in escrow
28126 Pacific Coat Highway $14,500,000 in escrow
28884 Cliffside $12,500,000 pending
3510 Sweetwater Mesa $12,500,000 looking for backup
33330 Pacific Coast Higway $8,595,000 Sold
28936 Grayfox $4,995,000 Looking for backup
28169 Rey De Copas $3,250,000 Sold


