Property prices for sale in Malibu (California)
The prices in real estate in Malibu, in the California region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Malibu has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $4,168. In the following month the price per sq.feet decreased considerably to $2,755. The price for the following two months in (January, February) had a considerable decrease of 59 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 57 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $2,756.5 to $1,575.5 during March, and April.
Based upon to the price in Malibu (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $5,030,500. In December This price remains at $5,086,587. In the following two months the average price has remained the same with regard to the previous two months from $5,058,543.5 to $5,169,617. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $5,114,080 to $4,452,258 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $4,078,804 they are 60 % more affordable than the average price for Malibu. The properties with the highest average price have 4 bedrooms, Their price is 34 % more costly than the average. After that we have properties with 3 bedrooms priced at $3,646,651.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $1,548 / sq.feet, with an average $1,499 / sq.feet price in Malibu. The properties with the highest average prices have 2 bedrooms. They are 86 % more expensive than the average followed by properties with 1 bedroom with a price at $2,252 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $4,078,804 it is 100 % cheaper than the average price in Malibu. "Condo" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $7,717,410 it is 153 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $1 / sq.feet followed by "Townhouse" priced at $1,073 / sq.feet. "Land" is the most costly type of property with a $365,346 / sq.feet cost followed by "Detached House" with an average price of $2,754 / sq.feet.
