Below you find the monthly Malibu real estate market update that is provided by our tremendous office manager, Jay Rubenstein.
It is interesting to note that there are several factors that substantiate that now is a great time to buy . If you take a look at the average asking price based on new listings you will find that the price per square foot is lower AND the average days on market is lower for the listings which indicate that once the prices do get down to key market levels buyers will find the opportunity and jump on it.
Typically, the Malibu real estate market is most active during the summer months until the last few weeks August into September as this is when most people are placing their kids back in school, returning from vacation, etc.
The Fall brings a great opportunity for buyers and sellers alike to benefit from the dwindling beach summer crowds but warm temperatures and clear sunny days to showcase homes in their best and most idyllic light.
Russell Grether of Compass Real Estate is a real estate agent based out of Malibu, CA. He specializes in Malibu real estate, Malibu homes for sale, Malibu properties, Malibu Land for sale, Malibu rentals and surrounding area real estate from Montecito to the Pacific Palisades. Contact him at 310.589.2471 or email him at russell@www.malibuluxuryrealty.com
