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23 Jun 09
Malibu Times -The Malibu Real Estate Report by Rick Wallace
Home values seem to resemble those of 2004, but moving quickly back in time. While the state and Los Angeles region have gradually seen more than 50 percent drops in value, Malibu is off about 33 percent this year from last. The median value of a home sale this year, $2,250,000, is well below the past two years, which topped $3 million, but about the same as the median of 2004.
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