How’s The Market

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Malibu South Beaches Report

by ritasimpson November 28, 2011 Carbon Beach

The Beaches South of Cross Creek Road in Malibu also offered great value this year.

Of the 18 sales 11 were  Single Family Residences with a Median of $2,075,000 and a

Low of $1,475,000 paid for a fixer that belonged at one time to the legendary Judy Garland!

The average price per square foot paid was $$1,468.

On La Costa …

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Thumbnail image for Malibu Park  Offered Great Values

Malibu Park Offered Great Values

by ritasimpson November 28, 2011 How's The Market

The Malibu Park neighborhood of Malibu had some of the best buys this year.

With big  lots, generously sized homes within walking distance to all amenities including the beach!

The best buy so far in the Malibu Park this area was the bluff property on Baden  which was a traditional 6 bedroom, 5 bath home

sitting on almost 2 acres …

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Check Out How Point Dume Performed This Year

by ritasimpson November 28, 2011 How's The Market

So how did the Point Dume neighborhood of Malibu do this year?

I would say pretty well:

First we had a great land sale at the beginning of the year where a ONE Acre parcel on the bluff sold for $11 million. The Point Dume area also had 14 single family home sales with a median of $3,885,000 and an average …

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Housing Affordability Hovers Near Record Levels

by ritasimpson November 23, 2011 How's The Market

According to the Daily Real Estate News, the Ultra-low interest rates mixed with stabilizing home prices continued to push housing affordability in the third quarter near its highest levels in more than two decades.
For the third quarter, 72.9 percent of all homes sold were affordable to families earning the national median income of $64,200, according to …

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Thumbnail image for Do you know which beaches in Malibu had the most sales this year?

Do you know which beaches in Malibu had the most sales this year?

by ritasimpson November 15, 2011 How's The Market

All in all, according to the MLS there were 25 homes sold at the beach in Malibu so far this year Ten of which were above $5,000,000 ( more counting private sales).

So what  do you think were the most popular beaches? And the most popular price point? Be sure to check out each of the …

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Statistics Tell Different Stories

by ritasimpson November 13, 2011 How's The Market

 

 

It is important to note that statistics

although very helpful in guiding us in understanding what has happened in the market, must be made clear as to what they are measuring. One must ask what data is going into this graph? is it the section of the  Malibu Real Estate market that I am interested in …

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Three Year Third Quarter Malibu Market Dynamics

by ritasimpson November 3, 2011 How's The Market

 

There is a sustained, verifiable uptick in the sales of Malibu Hillsides properties since the third quarter of 2008.

As can be seen from the graphs and data sheets landside number of units sold increased by 33% this third quarter when compared to Q3 2008, however the units sold decreased by 15% from last year in …

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Malibu Beach 3rd Quarter Market Report

by ritasimpson November 1, 2011 How's The Market

Although the market may at times look sluggish to Sellers and agents alike, the figures show a different story.

 

Malibu Beach sales are making a strong comeback.

Take a look at these charts pulled out straight off the MLS data:

The number of Sold properties in the third quarter of 2011 is up 300% from the same period …

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Thumbnail image for Beach Sales Picking up. Vote for the next Sale to win…

Beach Sales Picking up. Vote for the next Sale to win…

by ritasimpson October 19, 2011 How's The Market

Although beach sales have been sluggish this year, the pace picked up these last three months with 2 big sales on Malibu Road. Both sold  above 12 million within days of hitting the market and both were designer perfect…Of the 9 sales in the last three months, four were located in the southern beaches closer …

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Thumbnail image for Point Dume Sold homes in the last three months

Point Dume Sold homes in the last three months

by ritasimpson October 11, 2011 How's The Market

 

 

Five homes sold in Point Dume in the last 3 months from over 19 listings on the market in the neighborhood. Although sales were sluggish prices stayed firm with the  Sold Price  to List price ratio of 95.17%. The median price of the sold homes in the Point Dume neighborhood was $2,400,000  with the highest …

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