Despite fire, Malibu Colony Beach remains L.A.s priciest neighborhood, report says

Despite the ravages of fire and rising sea levels, Malibu dominated a ranking of most expensive neighborhoods in the Los Angeles area during 2018.

For the second straight year, Malibu Colony Beach was the region's costliest real estate enclave.

The median home in the oceanfront community sold for a whopping $10.65 million in 2018, according to housing data from PropertyShark. That's an 11 percent dip compared with last year, but still high enough to edge out the trio of Beverly Hills communities that ranked 2-4.

Beverly Hills Gateway, located above the Beverly Hills Flats, was second on the list and recorded the only other eight-figure median in L.A. County at $10.05 million a 31 percent jump in median price year over year. Tro....

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