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Second Quarter of 2019 Elliman Report

The Average Sales Price for Malibu Single Family Homes has taken a hit of -24.8% year over year from \$3,228,166. to \$2,428,828. The average price per sqft dropped -8.3% from \$900. to \$825. A drop in the number of closed sales. Q2 2018 had 59 compared to only 29 for Q2 2019, or a -50.8% decline.