January 2021 Malibu Real Estate Market Update
The holidays always slow down the real estate market. As people spend time with family and loved ones, moving, selling, and buying real estate takes a backseat.
In January, the market slowly wakes up. We are expecting the seller’s market to continue and intensify as summer approaches. Here is the January recap:
Single Family Homes
Malibu Beach
- 38 active listings | 10 pending sale | 10 sold
- Average list price: $19,948,741
- Average sale price: $8,613,200
- Average days on market: 115
Malibu Landside
- 83 active listings | 26 pending sale | 16 sold
- Average list price: $7,152,787
- Average sale price: $3,213,375
- Average days on market: 114
Condominiums
Malibu Beach
- 4 active listings | 4 pending sale | 3 sold
- Average list price: $2,449,181
- Average sale price: $4,217,500
- Average days on market: 70
Malibu Landside
- 15 active listings | 1 pending sale | 6 sold
- Average list price: $1,401,803
- Average sale price: $1,340,916
- Average days on market: 108
Land
Malibu Beach
- 5 active listings | 1 pending sale
- Average list price: $8,749,167
- Average days on market: 131
Malibu Landside
- 97 active listings | 24 pending sales | 6 sold
- Average list price: $2,420,245
- Average sale price: $564,333
- Average days on market: 155
We are proud to be a local resource from the coast to the canyons. Contact us for our 2021 market predictions, property valuations, and more!
310.230.5771 | russellandtony@compass.com
