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Mary Ellen Sherry
Your local Malibu Real Estate expert from the Canyons to the Beach
Your local Malibu Real Estate expert from the Canyons to the Beach

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California Cachet: Why We Live in Malibu...

Six out of the top 10 priciest zip codes in America are in California, according to a recent CB Luxury Market report. Based on the number of homes selling for $10 million or more, Malibu is the 5th richest zip code in California - following Beverly Hills, Montecito, Bel Air and Brentwood. 

Malibu is currently the zip code with the most inventory of high priced listings, reflecting the breadth of our luxury market and a somewhat slower pick-up in sales as compared with other areas recently. But it’s only a matter of time before the secret will be out that buyers can find more value for their dollars, here in Malibu.

So why buy in Malibu? Because we have 27 miles of exquisite coastline sandwiched between the Pacific Ocean and the Santa Monica Mountain range, providing some of the most scenic real estate anywhere in Southern California. There are other lovely Southern California coastal communities, like Manhattan Beach and the Marina Peninsula to name a few, but their beaches border on urban sprawl and not a mountain range with hundreds of recreational trails, wildlife, flora, and fauna. And, unlike the beautiful Santa Barbara area, Malibu is part of Los Angeles County - America's second largest city. So, as we look out over the next decade I ask "How many people will be able to say that they live on the sand, can walk to the beach, or have an ocean view, in one of the most cosmopolitan cities in the United States?" 

Malibu Colony $12,950,000, Courtesy of Prudential Malibu Realty.
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