How’s The Market

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Malibu Hillside Sales Up in September

by ritasimpson October 5, 2011 How's The Market

View from Point Dume

 

We had great activity and sales on the hillsides on Malibu this September with some big numbers registering for the hills. One sale in Montenido at $8,000,000  was of an equestrian property initially priced at $13,000,000. It had been on the market for over 400 days. Another big sale in the gated community of …

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Thumbnail image for Reported Sales Malibu Beach September 2011

Reported Sales Malibu Beach September 2011

by ritasimpson October 5, 2011 How's The Market

A modest month for Malibu Beach home sales this September , with a reported 3 sales ranging from $4,800,000  for a beautiful architectural across the road at Latigo Shores to  a low of $1,475,000 at Las Tunas Beach closer to Santa Monica. The median was $3,175,000 with an average Sold Price per Square foot of …

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Interest Rates to remain low

Fed’s Recommendations will help housing.

by ritasimpson September 23, 2011 How's The Market

Fed’s Recommendations Keep Rates Low, Provide Support For Housing Sector

The Federal Open Market Committee (FOMC) moved to keep rates low and support housing through a series of moves to maintain confidence.

Among the moves, the FOMC has:

Increased the duration of its securities holdings by selling shorter-maturity securities and buying longer-maturity securities.

The …

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Relative Performance of REO, Short Sale and Non-Distressed Properties

Market data indicates more stability

by ritasimpson September 23, 2011 How's The Market

Looks like there are a few overlooked bright spots with all the gloom out there. Check out this article by Oscar Wei, a Research Analyst at the California Association of Realtors:  he points out that the continuous upward movement of the Sales-to-List Price ratio in recent months, coupled with the stable price …

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Sold Beach Homes in the Last 12 months

by ritasimpson September 16, 2011 How's The Market

Median Sold Price at the beach last 12 months

55 homes sold at the beach in the last 12 months. A mesmerizing diversity. The highest sale recorded on the MLS  at $21,475,000 on Malibu Rd followed by another Malibu Rd sale at $13,750,000 and a few of more big sales at the Escondido-Paradise Cove and …

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Beach Homes In Escrow

by ritasimpson September 16, 2011 How's The Market

Sorry, but we couldn’t find any results in the MLS that match
the specified search criteria.

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Malibu Real Estate 6 Year First semester stats

by ritasimpson September 14, 2011 How's The Market

I’ve been putting together the Malibu Market performance in the first semester of the past 6 years. I think it provides a unique insight into our very special market. The biggest misconception incoming buyers have is the belief that prices have fallen off the cliff here too. The truth is they haven’t. Yes, …

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Mortgage Rates Reach Record Lows

by ritasimpson August 5, 2011 How's The Market

DAILY REAL ESTATE NEWS | FRIDAY, AUGUST 05, 2011
Mortgage rates dropped sharply this week, possibly improving the purchasing power of many home buyers. The 30-year fixed-rate mortgage, the most popular choice among buyers, averaged 4.39 percent this week, its lowest average for 2011, Freddie Mac reported in its weekly mortgage market survey. The 15-year fixed-rate …

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