Condominium values have been in steady ascent for the past two-and-a-half years, increasing in Malibu from a median value of $528,000 in 2011 to $827,000 so far in 2014. That calculates to a 57 percent increase.
The median prices during 2012 and 2013 were $665,000 and $795,000, respectively. Price appreciation has been steady and consistent.
Sales units have been about average during the first half of this year, projected to approximately 72 sales after last year brought 79 transactions.