Tue Oct 20 2020
This week the median list price for Malibu, CA 90265 is $6,587,500 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 176.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$6,587,500|
|Per Square Foot||$1,770|
|Days on Market||192|
|Slight Buyer's Advantage|
While this week the median price in this zip code didn't fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$24,750,000||5,500||1 - 2.5 acres||5||7||32||2||0||237|
|$9,245,000||4,000||0.5 - 1 acre||4||5||32||2||2||193|
|$4,849,500||3,467||1 - 2.5 acres||4||4||40||2||1||215|
|$2,607,500||2,580||0.25 - 0.5 acre||4||3||44||9||5||122|