Malibu, CA

The real estate market in Malibu, California is one of the most expensive in the United States. The median home price in Malibu was $2.8 million as of September 2017, which is more than double the national median home price of $1.2 million. The high prices are due to a number of factors, including the close proximity to Los Angeles and Hollywood, as well as the popularity of luxury homes among wealthy celebrities and residents from other parts of California.

Despite the high prices, there are still a number of opportunities for buyers who are willing to invest some time and money into searching for properties. The area has a large inventory of homes available for sale, and many sellers are willing to negotiate on prices. There is also a growing population of young professionals and families moving into Malibu, which is contributing to increased demand for housing.