How’s The Market

Thumbnail image for Picking The Best Malibu Beach Homes On the Market

Picking The Best Malibu Beach Homes On the Market

by ritasimpson July 18, 2014 Malibu Market Update

When it comes to picking a winner among the many beautiful Malibu Beach homes on the market,it’s not an easy task.From a condo on Malibu Road to an Encinal Bluff estate prices ranging from  $4.5 million to $9 million Here is what and why I picked these:

Choosing is hard because it’s not just about the …

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Thumbnail image for Malibu Market Shifts Into High Gear

Malibu Market Shifts Into High Gear

by ritasimpson July 6, 2014 How's The Market

While last year we saw property sales on the land side of Malibu concentrated in the under $2 million dollar range. This year so far sales are tilted towards the higher priced properties. The price range that has been more popular so far this year is in the $3 million to $5 million dollar range, …

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Thumbnail image for Malibu Beach Market Update

Malibu Beach Market Update

by ritasimpson June 18, 2014 How's The Market

The first 6 months of 2014 had mixed results for the Malibu Beach homes market. While homes in the $5 to $10 million dollar range had a 200% increase in sales this year. The total sales volume for the beach house market was down 24% from last year, so most sales were of the Mid-High …

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Thumbnail image for Secluded and Stunning Malibu Architectural Available

Secluded and Stunning Malibu Architectural Available

by ritasimpson May 9, 2014 Malibu Market Update

This Stunning Architectural with striking lines sits boldly atop the mountain with spectacular ocean and mountain views from every corner. Exquisite cactus gardens surround the property. A true retreat property for the one who wants to be away yet just a hop away from the business of LA.

We’re sorry, but we couldn’t find MLS …

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Thumbnail image for Malibu Sales Up 20% In 2014

Malibu Sales Up 20% In 2014

by ritasimpson March 5, 2014 How's The Market

Despite the Very tight inventory, and tight financing conditions, sales are up in Malibu.

A gloomy real estate  forecast  for most Southern California areas for 2014 appears to not be affecting the Malibu Market.

While in  six county regions of Southern California, sales in Jan-Feb were down 21 percent from  December and down 10 percent from the same …

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Thumbnail image for Malibu Posted The Most Expensive Real Estate Sale In The Nation Last Year

Malibu Posted The Most Expensive Real Estate Sale In The Nation Last Year

by ritasimpson February 7, 2014 How's The Market

 Luxury sales came roaring back to Southern California last year, and there is no reason to expect less this year.

Sales of homes priced over $1 million went up by 45% last year compared to 2012, and just 8% shy of the sales volume of homes over $1 million in 2007!

Malibu notched the most expensive sale last …

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Thumbnail image for Wealthy Borrowers Have More Perks- Getting Their Malibu Homes Financed

Wealthy Borrowers Have More Perks- Getting Their Malibu Homes Financed

by ritasimpson January 13, 2014 How's The Market

Despite the big changes in the Jumbo market from last year, which will limit choices, there still is a silver lining for wealthy buyers: more lenders competing for them will make Jumbo rates rise at a slower rate, and will require smaller down payments.

Lenders started lowering down payments last year. Wells Fargo began accepting 15% …

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Thumbnail image for Curious About Comparative Appreciation Malibu Beach Homes Versus Land Side Properties?

Curious About Comparative Appreciation Malibu Beach Homes Versus Land Side Properties?

by ritasimpson January 11, 2014 Malibu Market Update

Curious  about comparative appreciation between Malibu beach homes versus land side properties over the years?

I pulled the sales information from the MLS from 1998 to the end of 2013 and here is what I found:

For the Beach front properties:

On average  the Price per SqFt has been consistently up for 16 years with  few exceptions, and has more …

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Thumbnail image for Malibu Market Update 2013-2012

Malibu Market Update 2013-2012

by ritasimpson January 7, 2014 Malibu Market Update

Malibu Real Estate has had a mixed story last year. While sales and prices of Single Family Homes showed a healthy appreciation last year, the Big Story  was the pace in sales volume of Condos, which outpaced SFH sales volume by 70%  and increased  Condos prices by 40% on average.

For homes on the land side …

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Thumbnail image for Extending The Lock On Your Rate Up to 360 Days!

Extending The Lock On Your Rate Up to 360 Days!

by ritasimpson November 1, 2013 How's The Market

Jumbo-mortgage applicants are demanding long-term rate “locks” while they close on their homes. And rather than settle for the standard lock of a month or two, they’re asking lenders for commitments of as much as a year!

Rate locks provide protection and peace of mind in a rising-rate environment. Long-term locks are rarely free. Borrowers who want …

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