Malibu is a relaxed, affluent beach town in Los Angeles County, best known for its celebrity homes and stunning, white sandy beaches. With a population of just below 11,000, Malibu is one of California’s best places to live. It provides ample living for you to feel secluded without being isolated, as Los Angeles is just about 30 miles away. Are you thinking about purchasing some real estate in Malibu? Malibu is truly a magical place, offering endless possibilities for adventures!
The Southern California coastline is one of the most dreamy and relaxing destinations that come to mind when you think of the United States. Moving to Malibu might be a perfect choice if you love sunny weather, as the town gets an average of 281 sunny days per year, which is significantly above the national average.
Malibu Real Estate
Malibu is a dream home destination, and it’s easy to see why. While Malibu gives a small-town feel, it still exudes elegance and vibrance, as it teems with high-end restaurants and luxury shopping options. The seaside town offers an abundance of opportunities for surfing, hiking, or boating, and Malibu schools are ranked 8th best in the Los Angeles area. Malibu has a very low crime rate, and public buses, shuttles, trains, and bicycling are all popular methods of convenient transportation. While there may be many options for seaside living in Southern California, “the Bu” vibe is unequaled!
According to Redfin, the median list price of homes in Malibu was $3.7M in April 2023. The median listing price per square foot was $1.56K, up 17.5% since last year. The sale-to-list price ratio was 96%, and the median sale price was $3.69M.
Like many other beachfront communities, proximity to the sea is a significant factor in price point. However, the properties directly on the Malibu beachfront aren’t always more expensive, as homes located in the hills just off the shore offer extra privacy and vista views of the ocean, which may make them more desirable.
The homes in Malibu, CA, stay on the housing market for an average of 72 days. Some of the best and most popular Malibu, CA, neighborhoods include Point Dume, Carbon Beach, and Escondido Beach.
If you are considering renting or buying a home in Malibu, CA, there are 292 homes for sale and 100 homes for rent.
Some of the most affordable neighborhoods to live in Malibu, CA, include:
- Malibu West
- Trancas Canyon
- La Costa Beach
There are many good schools in Malibu, including Malibu High School, Malibu Middle School, Malibu Elementary School, and the John L. Webster Elementary School
It is wise to know what the Malibu housing market has in store for you in 2023, whether you intend to purchase or rent a property here. Read on to learn what you can expect from Malibu’s most common housing units.
- Median List Price $3.7M
- Median List /Sq.Ft. $1.56K
- Median Sale Price $3.69M
- Median Rent Price per month $25k
If you are looking for single-family homes in Malibu, you can find plenty of options within your budget. You can choose from over 200 single-family homes listed for sale in Malibu, CA. There are currently 178 condos for sale in Malibu, ranging in price from $709,000 to $5,850,000.
When looking through the Malibu housing market for the best condo, buyers can find a wide range of unique condos featuring all basic and advanced amenities. There are currently 14 condos for sale in Malibu, ranging in price from $725,000 to $195,000,000.
The median price for apartments for rent in Malibu is $25k. Currently, there are over 100 active apartments for rent in Malibu. The rentals go from as low as $4395 per month to as high as $90,000 per month. Buyers can find numerous rentals in popular neighborhoods such as Malibu Colony, Trancas Canyon, and along the Pacific Coast Highway.
Let’s learn more about the most profitable neighborhoods in Malibu for real estate investment.
Here is a list of Malibu’s top communities and their median sale prices:
- Community Median Listing Price
- Community Median Listing Price
- Escondido Beach$5.3M
- Malibu Road$35.75M
- Malibu Cove Colony $5.25M
- Malibu Colony $1.18M
- Las Tunas Beach $4.42M
The Point Dume is a majestic promontory best known for having some of the country’s most striking beach cliff views. If you love the Malibu area and the great outdoors but aren’t too crazy about the celeb lifestyle, then Point Dume is the spot for you! Homes in Point Dume have a median price range of around $10.92M, but they are well worth it!
Popularly known as “Billionaires Beach,” this stunning oceanfront stretch is home to some of the wealthiest in the country. Carbon Beach comprises about 70 lots and stretches about 1.5 miles along the gorgeous Pacific Coast Highway. These private residences are understandably in high demand among Hollywood’s who’s who, several of whom proudly call Carbon Beach home. However, homes don’t come cheap here, as the median home value is over $25.98M.
If you’re browsing homes for sale in Malibu, CA, but have a tighter budget, look no further. Malibu West is home to some of the more affordable properties in Malibu. This area is also great for families due to its homely neighborhood atmosphere. It is an excellent place for kids to play safely on the streets. Malibu West is situated near plenty of Malibu’s beach havens, and owning a home here will set you back approximately $3.6M.
While no area in Malibu can claim to be ‘cheap,’ some areas, such as Trancas Canyon, are said to be ‘more affordable. Trancas Canyon still offers residents a lot of fun, with a seaside and shipping feel, which many may enjoy the sights and sounds of. As of April 2023, home prices in Trancas Canyon were selling for a median price of $3.5M.
Owning a home in La Costa means luxury beachfront living in some of the most desired Malibu, CA, real estate with easy access to shops, restaurants, and excellent schools. With little public access, La Costa is one of Malibu’s least-visited beaches, which makes it extremely attractive to those who value privacy alongside the impressive architecture. Homes in La Costa Beach have a median sale price of $4.9M, down 43.6% since last year.
Be quick and secure yourself a bargain before prices soar again! Contact our Malibu real estate expert for more insight into the hottest Malibu homes for sale!
If Malibu sounds like a place that would make your heart content, don’t hesitate to contact Casey Gordon! As an experienced Malibu realtor who has dealt with hundreds of properties across Southern California, providing value to his clients is what he strives to do. Having already helped many achieve their dreams of buying or selling a home in Malibu and surrounding areas, he hopes to do the same for you and many more. With Casey’s help, you can get the best deals on Malibu homes for sale and make your dream a reality!
Call Casey Gordon today at 805-750-9804 or fill out the online form to discuss your Malibu housing needs and learn about the options available.