During the third quarter luxury homes in Malibu Beach sold for an average of $9.433 million, the highest price tag for luxury residences in Los Angeles’ 33 premier markets. Malibu’s average sales price also represented a 15 percent year-over-year increase in home values for the submarket, according to a report from Sotheby’s International Realty. The report considers luxury homes to be properties that sell for more than $3 million.
- Beverly Hills and Beverly Hills Post Office are the top luxury markets in Los Angeles when it comes to both average sales prices and quarterly sales volume
- Malibu Beach luxury home prices rise despite recent initiative
- Prices for luxury homes only seem to be going up in most of Los Angeles' high priced markets