How’s The Market

Thumbnail image for Is Mortgage Interest Deduction Important or Not For Malibu Property Owners??

Is Mortgage Interest Deduction Important or Not For Malibu Property Owners??

by ritasimpson December 6, 2011 Buying My Home

The National Association of Realtors is putting up a big fight in Washington to keep the Mortgage Interest Deduction in place. Many contest that it will not make a difference if it goes away. They cite examples such as what happened in Australia in 1984, when they stopped all capital gains-free sales and started charging taxes …

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Goldman Says Bottom of Real Estate Market is Here!

by ritasimpson December 5, 2011 How's The Market

For what is a daily question these days for Buyers, Sellers and Realtors alike, wondering when will the Real Estate Market  reach bottom and normalize,  the word from Goldman Sachs today that the bottom is really almost here, gives many great hope for the coming New Year!

The Quants at Goldman based their conclusion on some …

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Malibu Bank Owned Real Estate For Sale

by ritasimpson December 4, 2011 Deal Of The Month

Finish the year with a wonderful gift under your Christmas tree, a Malibu Home!

There couldn’t be a better time to get into one of the most celebrated areas in Southern California. alluring Malibu, with its fascinating community of creative and environmentally engaged population. Malibu City offers one of the most natural and healthy environments to …

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Malibu Beach Homes Sales Report

by ritasimpson December 2, 2011 How's The Market

Malibu Beach homes were sought after this year.  Buyers picked up some great condos at Malibu Beaches for bargain prices. Some 20 condos according to the MLS changed hands this year all along the Malibu coast from County Line to the most Southern Malibu beaches near Santa Monica. The Low price paid was a short …

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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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