Market Conditions in 90265>Question Details

Jocky, Home Buyer in Arkansas

how much have the prices of single family homes declined in 2007 for zip code 90265?

Asked by Jocky, Arkansas Sun Feb 10, 2008

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Susan Monus’ answer
Prices did not decline in 2007. They actually increased overall in Malibu in 2007. The bulk of the increase was due to many high end sales on the beach. The number of sales decreased but not the prices. I have been selling here for 18 years if I can help you.
0 votes Thank Flag Link Wed Feb 13, 2008
fast forward to 10/12 and what we have it 90265 :

Zip..........Median List $ $/Sq. Ft. % Sale to List
90265 $3,750K $1,116 93.4%
91301 $1,100K $342 98.2%
91361 $1,650K $504 95.9%

Homes for Sale Sep '12 vs. Prev. Month vs. Prev. Year
# Homes for Sale 247 7.1% 26.7%
Median List Price $2,998K 5.2% 10.6%
Median List $/SqFt. $994 6.5% 11.6%

Homes Sold Sep '12 vs. Prev. Month vs. Prev. Year
# Homes Sold 29 3.3% 26.1%
Median Sold Price $2,300K 63% 55.9%
Median Sold $/SqFt. $844 67.5% 47.8%
0 votes Thank Flag Link Mon Oct 29, 2012
I just posted the latest Malibu real estate statistics, visit my blog below, it shows the number of listings on the market,the average listing price, the median sales prices, the number of sales in Malibu and much more, it should help you greatly.
0 votes Thank Flag Link Tue Mar 15, 2011
Please go to the link below... it is a good site!
0 votes Thank Flag Link Mon Jun 23, 2008
Do any of the Realtors know how much? I think that is what Jocky is asking. Maybe a percentage, or a number showing the sales in this zip, something like that.
0 votes Thank Flag Link Mon Jun 23, 2008
In 2007 prices were relatively stable, but in 2008 prices are in the process of declining.
0 votes Thank Flag Link Mon Jun 23, 2008
Susan is correct in saying that prices have not declined in Malibu. Prices have, and will most likely continue, to go upwards. Malibu is a scarce resource with high demand from the entertainment industry.
Mike Gardner
0 votes Thank Flag Link Thu Feb 21, 2008
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