Malibu homes survived wildfires, but owners still cut prices by up to $7m

Malibu's luxury homes are struggling to sell after recent wildfires. Buyers now prioritize safety and insurance over prime locations. Sellers are reducing prices by millions to attract cautious buyers. Rising insurance premiums and climate risks weigh heavily on the market. Malibu remains desirable, but resilience is now a key selling point.

By TOI REAL ESTATE DESK