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How’s The Market

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Malibu Real Estate Transactions Up

by ritasimpson February 21, 2012 How's The Market

If you had any doubts, don’t. The number of transactions in Malibu Real Estate since the beginning of the year has almost  doubled from last year during the same period!

In 2011 there were 25 homes in escrow in the first two months of the year. This year there are 42. Prices have not come down …

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Buyer’s Agent Is More Important Than You Might Think!

by ritasimpson February 15, 2012 How's The Market

A good buyer’s agent  is instrumental in securing the Buyer the best deal possible and protecting their interest during the negotiation process.

Being a local expert means more than knowing what properties are on the market…it means understanding the dynamics of the market  area by area and being able to sort out the noise,  analyze the …

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Zillow Forecast: Slight Appreciation in Home Values

by ritasimpson February 9, 2012 How's The Market

The Los Angeles area Real Estate market., should bottom out for home values in 2012, according to Zillow, and might even see a slight increase in values.

While prices will drop in many markets, total home sales are expected to continue to pick up this year amid affordable prices and low mortgage rates, factors that draw in second-home buyers …

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$25 Billion Loan Write Down Deal would Help Underwater Borrowers

by ritasimpson February 6, 2012 How's The Market

Government officials are closer than ever to settling on a 25 Billion dollars in loan write downs, re-fis and other homeowner assistance deal with   Ally Financial, Bank of America, JP Morgan Chase, and Wells Fargo. Still several sticking points remain.

The largest chunk of such a deal would be in the value of principal reductions …

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How Did 2011 Compare To 2010 in Malibu Real Estate?

by ritasimpson February 1, 2012 How's The Market

Malibu Real Estate proved to be pretty stable in the last 2 years. No big swings except for the very high end at the beach which was a bit surprising.

For the land side properties properties under $2 million had an almost identical outcome both years with sales volume  around $96 million an unchanged median of …

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Big Funds Moving Into Housing

by ritasimpson January 4, 2012 How's The Market

“We believe housing is at a turning point, not just because of affordability and improving demographics,” says Darren Richman, a senior managing director at GSO. “The inventory picture has cleared meaningfully. It’s more in balance than it’s been in a long time.”

Behind the investor optimism: Pent-up housing demand, say industry observers. Record-low mortgage rates and …

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Three New & Notable Malibu Listings To Start The New Year

by ritasimpson January 4, 2012 How's The Market

Malibu offers good diversity of properties to choose from to suit almost every pocket. Here are three listings to start the New Year. You can sip your martini  and watch the dolphins swim by at the terrace of the lovely Victoria Point house for lease, just North of Broad Beach and spend less than 10K …

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5 Events That Impacted Real Estate in 2011

by ritasimpson December 30, 2011 How's The Market

In a recent Article in Times Magazine author Jed Kolko enumerated 5 events that helped shape the real estate market in 2011. Although those present a Macro view of the issues  they do affect our unique Malibu Real Estate Market.

For example, as a result of the Robot signing scandal,  2011 stalled foreclosures will pick up …

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Thumbnail image for Malibu Prices Lower This Year, But Sales Firm

Malibu Prices Lower This Year, But Sales Firm

by ritasimpson December 22, 2011 How's The Market

In Malibu  the number of sales from last year to this year was almost identical. The difference in performance was in the prices. Prices have come down mostly in the  Malibu high luxury market with sale  prices averaging a drop of 35%.  In the Median Price Market prices dropped about 14% and in the Lower …

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Thumbnail image for Lease to Own in Malibu? Here Some Tips

Lease to Own in Malibu? Here Some Tips

by ritasimpson December 21, 2011 Buying My Home

Are there any lease options available in Malibu?

About 27 opportunities today and an increasing possibility in the Malibu Real Estate Market.

A Lease Option could solve both Seller and Buyers issues at this critical time.

Here is a good explanation of the  Lease-Option process given by a professor at Wharton  School at  the University of Pennsylvania.

Some examples …

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