A Malibu West home for sale has just closed today for $55,000 over asking! The home came on the market for $1,595,000 and received 5 offers within the first few days. It closed today for $1,650,000. I think it’s safe to assume that a few all cash buyers got in to a bidding war and someone refused to loose the deal!
The Malibu West home first came on the market on on Aug. 13 and closed just 40 days later.
The Malibu real estate market has seen incredible demand for homes under $2m and will make up a majority of this years sales.
At the peak of the real estate market in 2007/8 Malibu West Homes were approaching $2m. They quickly fell to almost half that during the downturn. Now, we are seeing strong demand in the $1.5m to $1.6 range as seen with this recent sale.
Check out the pic below. You can see why this Malibu West house sold so fast…a perfectly restored Post and Beam with a pool, great yard,and short distance to the beach and beach club.
See all Malibu West Homes for sale
Tags: beach club, homes for sale, malibu west