According to the Multiple Listing Service “MLS”, seven sales above five million closed escrow in June. The two highest sales were in the Malibu Beach area and they both were in the ten-million range.
A quick recap of five of the sales:
23330 Malibu Colony Road: 3,355 sq. ft./8,708 Lot 5 bed/5 bath plus 1bed/1bath guest house. The house is right on the sand. It was Originally listed for $14.5 in 2007, $12.995 in 2008 and sold for its 2009 list price of $10.950. Sold 6/17/09
25030 Malibu Road: 4,200 sq. ft./7,888 Lot 4 bed/5.5 bath. Just completed remodel in 2008. Located on “Old Malibu Road” with 3 levels and a rooftop deck. Originally listed for $16.950 and was on the market for 408 days. Sold for $10.6 on 6/2/09.
480 Homewood Road (Brentwood- North of Sunset): 9,210 sq. ft./20,710 Lot 6 bed/7 bath + Guest house and pool. New construction with East Coast traditional feel. Originally listed for $9.350 and sold for $8.350 on 6/10/09. It was on the market for 97 days.
1121 Shadow Hill Way (Beverly Hills Post Office): 11,679 sq. ft./44,800 Lot 6 bed/8 bath + Guest house, pool, putting green and gym. Originally listed late last year for $10.685 and and sold for $7.80 on 6/3/09. Built within the last 10 years.
*Quick sale: 375 North Saltair Avenue (Brentwood- North of Sunset): 6,700 sq. ft./27,755 Lot 6 bed/6.5 bath. Mediterranean style estate with 4 seasons feel. Excellent condition. Listed for $5.995 and sold for $5.677 and was only on the market for 29 days.