Malibu's Housing Inventory Is Low, Despite Rebuilding Efforts: Report

MALIBU, CA — Residential construction is on the rise in Malibu, but real estate agents say new building is unlikely to make up for low inventory in the city, according to a recent report.

The Real Deal took a dive into Malibu's current housing market, looking at the state of rebuilding after the Woolsey Fire, current inventory and a forecast of what the future holds.

Here are some key points:

• In the five years since the Woolsey Fire destroyed 500 homes in the city, 128 have been rebuilt.
• Many people are looking to buy in Malibu, but agents expect that new construction won't be able to fully meet that demand.
• Larger homes are being built on lots where smaller (and less expensive!) homes once stood before the fire.

Check out the full story on The Real Deal.