Viewing The Malibu Real Estate Market Like A Stock Chart
25 January 2013 · by Mike Gardner Malibu Real Estate Agent 310-699-8428

Home Buying on riseThere’s a category in the game Cranium called “Data Head” that I do pretty well with….you know, more left brain oriented stuff.  If you know what I’m talking about…this blog post should be something you enjoy!

I normally steer away from this type of information but it is becoming more exciting to see what is going on with the Malibu real estate market when you can view it like a stock chart. Malibu homes for sale and the real estate landscape in general are changing at a fast pace as we kick off  2013. I’ll leave some comments below the charts with what I see going on. I have these charts, with more extensive data, available in a PDF format for the cities of Malibu, Santa Monica, and the Pacific Palisades upon request. You may also request condo information for these cities. maliburealestate@mac.com

This graph is likely looking like this because of the record number of high end listings that closed before the end of the year. It still is a good indicator of how robust our market has become.

This is the one I really like staring at! Inventory of Malibu homes for sale is plummeting! Good news if you have a nice house for sale.

Ok, so how do you have a graph showing sinking inventories and an upswing in the number of days on market? Here’s my best guess…..The good houses have been sold and the over priced ones or homes in not very desirable locations are sitting around. I closed 4 deals in the bottom of that trough….all good properties.

 

 

Tags: , , , ,

Comments are closed.