Real Estate: What Do “Contingent” & “Pending” Mean?
In today’s competitive real estate market, homes in Southern California and across the country are entering escrow faster than ever. Sellers are often receiving multiple offers within days of listing and bidding wars between buyers then ensue. Once a home is in escrow, it is marked on the Multiple Listing Service as either under contract, […]
Malibu Real Estate Market Update: March 2021
Single Family Homes Malibu Beach 43 active listings | 7 pending sale | 7 sold Average list price: $21,922,228 Average sale price: $8,057,945 Average days on market: 110 Malibu Landside 94 active listings | 31 pending sale | 13 sold Average list price: $7,601,676 Average sale price: $3,468,923 Average days on market: 101 Condominiums Malibu […]
Malibu Real Estate Market Update: February 2021
Malibu Real Estate Market Update: February 2021 Interest rates hit above 3% for the first time since July as inventory remains low here in Malibu and buyer demand remains at an all-time high. Market activity in February took a slight dip compared with January. That said, we expect it to heat up again as we […]
Why Malibu is the Best Place to Live During COVID
2020 has turned our world upside down. A global pandemic, widespread civil unrest, skyrocketing unemployment, and economic uncertainty have been making headlines for over a year. The way that we live in America has also changed. For countless decades, we have followed industry, entertainment, and community into cities. Then, COVID happened. Our new normal became […]
Malibu Housing Market Update | Q1 2020
2020 Quarterly Update: Q1 January-March As you all know, we are amidst some very uncertain economic times due to the Coronavirus which has severely slowed the real estate market nationwide. Although real estate has been deemed an essential business according to CISA, local orders are still in place which prevent agents from performing crucial business […]
Malibu Burnout Lots: 2020 Market Update
The Woolsey Fire in 2018 created a rare opportunity in Malibu. Historically, building in Malibu has been a challenge now for some time and only keeps increasing in difficulty. When the fire came through Malibu and destroyed well over 400 Malibu properties, two things happened. First, properties that otherwise never would have traded suddenly became […]
2019 | Year in Review
Just like that, 2019 has come to a close. As we enter a new decade, we are excited to look back as well as look forward. In this post, we will share our own success from 2019, success of the Compass brokerage, and final statistics for Malibu Real Estate. The Mark & Grether Group’s 2019 […]
Malibu Housing Market Update | Q3 2019
2019 Quarterly Update: July-September We have officially entered the Fall season and the start of Q4, which is typically one of the slowest seasons in the Malibu housing market. Once kids return to school and weather starts to cool, the demand for housing softens. In addition, there is some uncertainty surrounding the economy and where […]
Malibu Housing Market Update | Q2 2019
2019 Quarterly Update: April-June It’s officially Summer in Malibu which has seasonally and historically been the busiest time of year in the Real Estate world. July marks the end of June gloom, the beginning of Malibu’s infamous beach traffic, and the start of the 3rd quarter of 2019. During Q1, we saw the local market […]
Mortgage Rates Go Up, and Back Down
This post was updated 8/12/16 at 6 p.m. Guest Post by Vic Kosor at Supreme Lending CAN YOU BELIEVE IT? Just a day after spiking higher from the lowest levels in a month, mortgage rates have dropped right back down to the bottom, pretty close to the lowest rates in three years. Albeit, there have been one or two […]
Malibu Real Estate Market Report: Mid-Year Update 2016
It’s been an interesting year in real estate, with Brexit affecting the market world wide, local area rental rates at all time highs, and Malibu, where a record-setting mobile home sale took place in May. However, the Malibu real estate market remains steady, with homes sold this year so far showing only a slight dip in […]
Malibu Real Estate Market Report, Week Ending July 1
Brexit and summertime have contributed to what is definitely a hot real estate market. While there’s all around good news for sellers in terms of rising home values, it’s a buyers’ market right now. Great Britain’s recent vote to leave the European Union has caused mortgage rates to drop to lows that haven’t been seen since […]
