Malibu Real Estate Market Update (VIDEO)

Malibu Market Update

The market continues to stay strong with an increase in the number of homes sold up 43% over same time last year comparing May 2011 to May 2012. The number of properties currently in Escrow is the same as this time last year but down by 4 homes from last month.

The number of new listings is down 24% from 63 last May to 48 last month. This is good news and has a significant impact on the Real Estate market in a number of ways including holding or in some cases rising prices. The average days on market is down 3% from same time last year but up significantly from last month.

In the past 30 days there have been 50 new listings come on the market in Malibu, 20 put into Escrow and 20 that closed Escrow. The high reported sale for the past 30 days was $7,300,000 and the average time on the market of those closed sales was 154 days.

Something new for the residents of Point Dume, I have created a new system for keeping communites informed in video with my community video newsletters. Now neighbors can receive updated local happenings, Real Estate, and links to important safety info from a specially created Point Dume Community Facebook page. http://www.facebook.com/#!/pages/Point-Dume-Video-Newsletter/363122563751951 Coming soon video newsletters for:

Broad Beach

Carbon Beach

Malibu Park

Serra Retreat

If you have any info or cause you would like to have included in my video newsletters please let me know at kerbox@earthlink.net  Bill Kerbox 310-600-4484  www.billkerbox.com