The Malibu Real Estate Blog

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!

Deals are to be had once again in Malibu, even on the beach. Here is a home that hit the market in late 07 for $6,000,000. The home is located in the guard-gated enclave knows as the Malibu Cove Colony near Geoffrey’s restaurant. The home needed some work but has great views of Point Dume, is in the Paradise Cove Bay where it lies protected from the afternoon northwesterlies,  and is in a neighborhood of $5-6 mil. homes that rent for $40-60k per month in the summer. Over the course of 11 months, the home had 5  major price reductions and has just closed at $3,500,000. 

Check out the listing history below.The home was listed with Sandra Miller