The Malibu Real Estate Report / By Rick Wallace

By The Malibu Times · Wed Nov 09 2011

Real Estate by the Numbers

There are stories about Malibu real estate with a lot of words. There are stories with words and some numbers. And there are stories where the numbers come first. Such as:

98 - The total number of homes for sale in Malibu in March 2005, when the market was at its raging hottest.

315 - The summer seasonal, high inventory of homes for sale this past June.

250 - Approximate number of active, regular, consistent Realtors who work in the Malibu marketplace.

60 - Number of Malibu-based agents who have had a listing of a home in 2011 that sold.

85 - Millions of dollars spent on a Beverly Hills estate this year, largest sale ever in Southern California.

22 - Age of the heiress who made the purchase above.

37 - Millions of dollars spent for the largest sale in Malibu, about one year ago, for a mansion on Carbon Beach.

34 - Number of listings, at this writing, of homes with the No. 1 top listing agent in Malibu.

55 - Number of listings, at this writing, of total homes listed with the 2nd- 10th top listing agents in Malibu.

474 - Millions of dollars, projected, of 2011 single-family homes sales volume in Malibu.

980 - Millions of dollars in single-family homes sales volume for Malibu in 2005.

453 - Millions of dollars, in 2009, of listings volume for the top individual agent in Malibu, that did not sell during that year.

3.1 - Millions of dollars that is the average price amount of a home sale in Malibu during 2011, whether on the beach or not.

23 - Projected number of beach homes to sell during 2011.

16 - Approximate number of different beach homes that have been on the market any time during 2011.

80 - Estimated percentage of listings of homes in Malibu/90265 during 2011 that didn't sell.

15 - Median number of months, among the homes that have sold in Malibu during 2011, on the market, including all listing efforts.

550 - Thousands of dollars spent for the lowest priced home sold during 2011 in Malibu.

5 - Number of consecutive years that Malibu home sale units topped 300 (2000-2004).

6 - Number of consecutive years that Malibu homes sale units have been below 200 (2006-2011)

6 - Also the number of times a particular house in Malibu Cove Colony sold between 1998 and 2006.

5 - Number of stories of living space a handful of different homes in Malibu have.

2 - Annual parties held by local Realtors, the summer beach party at La Costa Beach and the December installation of officers held in various locations.

4.5 - Hours of Thursday broker's caravan and open house, from 9:30 a.m. - 2 p.m.

1,000 - Approximate number of beach homes that exist in Malibu.

436 - Percentage increase in the median value of a Malibu home from 1970-1979.

346 - Percentage increase in the median value of a Malibu home from 1982-1991.

183 - Percentage increase in the median value of a Malibu home from 1996-2000.

283 - Percentage increase in the median value of a Malibu home from 2001-2008.

1.322 - How many millions of dollars a standard Malibu home is worth now, if it was purchased in 1970 for $30,000.

4.5 - The highest annual percentage drop in the median value of home sales for the state of California ever recorded up until 2007 (it was in 1993).

38 - The percentage drop in the median value of home sales in California in 2008 alone.

21 - The percentage drop in the median value of home sales in California in 2009 alone.

69 - Number of different zones of houses in Malibu that I group together as having distinct character of geography or value.

13 - Number of editions the Malibu Homes & Land real estate magazine prints annually.

19 - Number of home sales, at this writing, that topped $5 million during 2011.

11 - The affordability index for the state of California in the 2nd and 3rd quarters of 2007, representing the percentage of households that could afford to buy a home at the median price of the time.

50 - California affordability index at the end of 2010.

4 - Number of homes in Malibu that have sold for $30 million or more.

14 - Number of homes, at this writing, that sold during 2011 in Malibu for less than $1 million.

18 - Years I have been writing real estate articles for The Malibu Times.

33 - Numbered designation for the Malibu area, off the beach, that is used in the local MLS.

27 - Miles of scenic Malibu beauty.

2 - Number of Malibu condos that sold for less than $300,000 during this recent downturn.

0 - Number of condos, at this writing, listed for sale in Malibu for less than $364,000.

1 - Number of calls, so far, I have received at home from an outraged citizen about something I wrote in my real estate reports during those 18 years.

Rick Wallace has been a Realtor in Malibu for 24 years