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Malibu home sales stayed steady in 2009 while prices took a tumble

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.


PropertyShark.com has put together an interactive map that plots Malibu homes and condos sold in 2009. When you go to the site map -- not to be confused with the screen grab shown here -- click on a location for the sales price, sales date and links to additional property details.

By PropertyShark’s count, 148 homes sold in Malibu during 2009, compared to 145 in 2008. Peak counts included 275 in 2005 and 240 in 2007. The median sale prices were $1.8 million for 2009, $2.7 million for 2008 and $2.66 million for 2007. That’s a 33% drop in the median sale price from 2008 to 2009.

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Another tracker of sales data, MDA DataQuick, shows 130 existing single-family homes sold in Malibu 90265 last year at a median sales price of $2 million, a 29.8% drop from 2008. It also reports 66 condos sales at a $610,000 median, down 23.8% from 2008 condo sales prices.

-- Lauren Beale

Thoughts? Comments?

Graphic: From PropertyShark.com


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