In this PropertyShark study that was first covered in the Los Angeles Times, we see that the number of sold homes remained steady in Malibu for 2009 (148 sold homes*) when compared to 2008 (145 sold homes). However, it’s still a significant drop from the peak years in 2005 (275 sold homes) and 2007 (240 sold homes). The median sale price dropped from $2,660,000 in 2007 and $2,700,000 in 2008 to $1,800,000.
Among the most expensive homes sold in 2009 were a $17.5 million sale for a duplex at 20018 Sea Lane Drive, a $16.5 million sale at 6483 Zumirez Drive, and a $14.6 million sale for 28830 Cliffside Drive. 28830 Cliffside Drive was originally put up for sale in 2007 by Michael and Lisa Weithorn for $19,250,000, reports the Real Estalker in a June 2007 article. Property records show the buyer of the estate to be Carl Daikeler.
For a visual presentation of the homes sold we have put together an interactive map that plots every home sold in 2009. Click on a point of interest for sale price and sale date, as well as links to additional details on the sold property.
Note: for the purpose of this report we have defined sold homes as single-family residences & duplexes.