Foreclosure Homes in Malibu, CA

Current Market Conditions in Malibu, CA

The Malibu real estate market remains robust in 2023, characterized by high demand and limited inventory. Luxury homes are in high demand, with many properties fetching prices above the million-dollar mark. With its celebrity allure and natural beauty, Malibu typically attracts affluent buyers, contributing to the competitive nature of the market.

Recent trends indicate a slight increase in property values over the past year, with rich investments in renovations and new constructions complementing the classic architectural styles of the area. With its desirability, Malibu is expected to continue seeing a strong market performance, despite the overall economic fluctuations.

Rent Prices In Malibu, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Malibu, CA, is on a rollercoaster ride. The average rent price in Malibu, CA, is $3,717.00. Indeed, when looking to rent in Malibu, CA, you can expect to pay as little as $1,580.00 or as much as $7,380.00, with the average rent median estimated to be $3,840.00. The good news is that finding an affordable and desirable property to rent in Malibu, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.