Malibu California
Real Estate Overview

You have to have some deep pockets (or access to someone else's) to invest in Malibu California real estate. It is certainly one of the most desirable beach communities in Southern California. Many of the homes are weekend vacation homes for the rich and/or famous. The median home value hovers around 3 million clams.

Spread out along 27 miles of coastline between Pacific Palisades and Port Hueneme, Malibu feels slightly rural, especially up in the canyons of the Santa Monica Mountains.

The houses vary widely, from small beachfront properties to mansions up in the hills with ocean views. The architecture is unique and varied as well.

Residents and vacationers alike are willing to risk fire, flood and mudslides to enjoy the geographical physical beauty mixed with casual hobnobbing amongst entertainment industry folks in a small town community atmosphere.

The schools are great, but the traffic on Pacific Coast Highway (PCH) can be a nightmare in the summer or during a natural disaster.

The population is a little over 13,000, which makes this a small town, though it gets loaded with visitors on weekends and summer days (with good reason). Currently, homes in the under the 3.5 million dollar range are showing a buyer's market, while homes priced over that remain steady, favoring neither buyers nor sellers.

According to Zillow, the median home sales price is $1,400,000, while Cyberhomes says it's at $852,000.

Fixer uppers aren't really sought after, so deep discounts are possible.

This page was last updated 3/16/2010

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