Health & Fitness
Malibu Real Estate Update [Video]
The market continues to improve with an increase in the number of open escrows and closed sales.
The Malibu real estate market continues to improve. The numbers from February show a good trend.
Open escrows are up 75 percent from 12 in February 2011 to 21 in February of this year. This is great news.
Closed transactions are up 133 percent from six in February 2011 to 14 in February of this year.
Find out what's happening in Malibuwith free, real-time updates from Patch.
Inventory levels are down 11 percent from 357 in 2011 to 316 this year.
The average time on the market in also down 44 percent from 275 in 2011 to 154 this year.
Find out what's happening in Malibuwith free, real-time updates from Patch.
What does all this mean? It means the market is improving and homes are selling faster.
Bill Kerbox of Westside Estate Agency can be reached at 310-600-4484 orkerbox@earthlink.net. His website is www.billkerbox.com.
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