Malibu: A place apart...a place of natural beauty...a place where the sea glistens and mountains rise up. Malibu has some of the most famous beaches, parks, and mountains in the world. Once a Spanish land grant, the city of Malibu is two miles wide and 26 miles long. In the 1930s and 1940s, many large tracts of land were sold to local movie studios and used in Westerns and television shows such as "Gidget" and "MASH." Today, Malibu is a close-knit community of more than 13,000 residents with more than 27 miles of Pacific shoreline.
Malibu offers its residents a spectacular environment, unique shopping and dining experiences, and a quality educational system. The city is also home to nationally-renowned Pepperdine University. Famous beaches provide some of the best surf spots in the world. Malibu is a combination of incorporated and unincorporated areas and covers some 45,000 acres of naturally preserved beaches, mesas and canyons. The city's proximity to Los Angeles, Santa Monica, Beverly Hills, Woodland Hills, and Sherman Oaks allows Malibu residents to maintain a sense of privacy while having easy access to all the amenities of a major metropolitan area. Malibu's real estate market is anchored by a wonderful mix of both beachfront homes and hilltop estates. Condominiums and townhouses can also be found.
Malibu Real Estate Market: Price Range of Malibu Houses for Sale
Some of the most beautiful homes in the world are found in Malibu. The Malibu real estate market offers beachfront, mesa and canyon living all in a mild climate. Condominiums and townhouses in Malibu begin in the low $400,000s for a hilltop unit to upwards of $4 million for a penthouse overlooking the Pacific Ocean. Buyers can also find listings for Malibu homes starting in the low $800,000s. Estate propertiesóboth on and off the wateróbegin at about $1.3 million and range up to $60 million for luxury homes with swimming pools and tennis courts.
Malibu Real Estate Stats and Trends for the week of June 20th, 2016: homes priced around $4,544,740 compared to $4,592,880 the previous week, showing a decrease of less than -1%. For Friday, June 24th, the current national mortgage rate for a 30 year fixed mortgage is 3.73%; the 15 year fixed rate is at 2.70%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.22%, while the 15 year jumbo rate currently is at 3.94%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Malibu CA. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Malibu to help you find the best home!