This is a combined report from Malibu Colony and Malibu West:  Please see statistics below which were provided by Jay.   Activity in August is up from July and there will be some positive closings in late August and September in various price ranges.  Keeping deals together, as everyone reports, is the challenge, and the agents who bring their managers into the transaction early are wise.  It takes a village to keep the buyers and sellers together with the economic uncertainty, but we do have some solid escrows that will be closing.

CB numbers through July 31, 2011 (compared to July 31, 2010):

Malibu offices combined: Units  are down 6.22% to 169
ASP down .85% to $1,768,750

CAR stats through June 30, 2011 (compared to June 30, 2010):

Units down 3.6% to 477,710 (up 1.2% from May)/ Median home price down 5.9% to $295,300 (up 1% from May)/Unsold inventory 5 months/Median time on market 50.3 days

MLS stats through August 15, 2011:

Area 32; Beach listings:   101 Active/ 6 Back up or Pending/ 18 Sold
2010-20 Sold through 8/15/10
2009-13 Sold through 8/15/09

Area 33: 233 Active/ 29 Back up or Pending/ 76 Sold
2010: 76 Sold through 8/15/10
2009: 44 Sold through 8/15/09

Russell Grether is a real estate agent based out of Malibu, CA. He specializes in Malibu real estate, Malibu homes for sale, Malibu properties, Malibu Land, Malibu rentals and surrounding area real estate from Montecito to the Pacific Palisades. Contact him at  310.589.2471 or visit his website at www.malibuluxuryrealty.com