Oct 22 2008
Market Snapshot:Malibu Condo’s
There are currently 71 condos for sale in Malibu with prices ranging from $439,000 to $4,500,000.
Only 14 have sold in the last 4 months.
7 of the 14 sold had sales prices above $1,000,000
One notable sale, a condo on Malibu Road sold for $5,325,000.
Over half have had price reductions in the last 120 days.
Tips for finding a great deal on a condo…
Look for listings that have been on the market longer than 6 months.
Find units that have been purchased as rental units and are vacant.
Find sellers that consistently reducing the asking price on a regular basis.
Make sure you have an agent that will present the offer in person!
