Malibu Tops List of Most Expensive Markets in Latest Home Listing Report

sunset1 Malibu Tops List of Most Expensive Markets in Latest Home Listing Report

Guest Blog Post by Madison Hildebrand

I’m often asked how I ended up in Malibu. With a father whose career spanned the nation, my childhood called several different states “home”: Arizona, California, Texas, and Connecticut. I decided on Pepperdine University for undergrad and never looked back. The school is situated on a hill overlooking the Pacific Ocean and is one of the most beautiful campuses in the country. When friends came to visit me while I was in college, they were baffled by the beauty of it and how I was able to get any school work done. Throughout college, I spent a semester abroad in Argentina, but was excited to make my way back to Malibu and knew that this was where I wanted to plant my roots.

I’ve had many adventures in my life; from traveling, to being involved with “Million Dollar Listing”, and a “never-a-dull-moment” real estate career…I’ve been to many places and met many people, but I have to say…There is no place like Malibu. Malibu was once known primarily as a beach destination/vacation spot and is now shaping into a community that people recognize for its world renowned restaurants, shopping and culture.

According to the 2013 Coldwell Banker Home Listing Report (HLR) which was released today, Malibu has emerged as the most expensive real estate market in the country. Conducted annually, this apples to apples comparison of four bedroom, two bathroom homes in 1,900 markets, is a snapshot of what the real estate market looks like today. Whereas the average four bedroom, two bath home in the surveyed U.S. is $301,414, according to the HLR, the same home in Malibu costs $2.15 million….that’s a $1.85 million difference!

Here is my top 10 list for why I believe Malibu is worth every penny:

1. Natural Beauty

Malibu is a south-facing beach community which means that the sun both sets and rises over the ocean. In addition to beautiful beaches, canyons and indigenous plants, Malibu is home to some of the most incredible sunrises and sunsets that are imaginable.

2. Education

In Los Angeles, and in many other cities across the country, stellar public schooling is a rarity. Many parents are forced to spend the equivalent of college tuition each year so that their children have adequate education in private schools. Malibu prides itself on having some of the best public schools in L.A. County, in addition to some of the most enriching after school programs, like the Malibu Boys and Girls Club.

3. Restaurants/Shopping

beach Malibu Tops List of Most Expensive Markets in Latest Home Listing Report

Over the past few years, Malibu has really become a significant fine dining destination. With some of L.A.’s finest restaurants like Nobu and Mr. Chow calling Malibu home, we are on the Zagat map in a big way. Aside from that, people flock to Malibu to go wine tasting at our local wineries (thanks to …read more

Via: Blue Matter


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