How’s The Market

Thumbnail image for The Good News For Buyers And Sellers Of Malibu Homes

The Good News For Buyers And Sellers Of Malibu Homes

by ritasimpson August 5, 2012 How's The Market

For Buyers as well as for Sellers of homes in Malibu there is good news this Summer:

Every price range and area ( beach and hillsides) saw improvements in the market this year that benefit each side: Seller closed faster and depending on the area saw increased competition for their properties and in some cases increases …

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Thumbnail image for Malibu Beach Houses Selling Like Hot Cakes!

Malibu Beach Houses Selling Like Hot Cakes!

by ritasimpson July 25, 2012 How's The Market

It was not long ago, actually last year this time we were thinking that the high end beach homes were struggling…sales in Malibu on the beach were mostly for the bargains under $2,000,000.

This Summer we are experiencing a Complete turnaround.

Most malibu beach home sales are on the higher end of the spectrum.  Sales at the beach …

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Thumbnail image for Interactive Graphics on Housing Markets Provides Glimpse About Malibu.

Interactive Graphics on Housing Markets Provides Glimpse About Malibu.

by ritasimpson July 24, 2012 How's The Market

This Interactive Infographic  is not specifically about the Malibu Market but it reflects a similar trend in our local Malibu Market. Malibu too has sustained, large declines in the number of homes listed for sale and experienced stronger demand. This is leading prices to rise and increasing competition for Malibu homes this summer. — July …

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Thumbnail image for Malibu Distressed Sales Almost Half of Escrows

Malibu Distressed Sales Almost Half of Escrows

by ritasimpson July 22, 2012 How's The Market

Even as almost half  (42%) of the escrows in Malibu were of properties that were either Short Sales, REOs (Bank Owned properties) or properties that had a Notice of Default, Distressed Properties account for less than 6% of the listed inventory.

There is also on average a wide gap between the values of the  Distressed Properties …

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Inventory Shortage Of Malibu Homes

by ritasimpson July 20, 2012 How's The Market

New problem in the Malibu housing Market: There are fewer properties to lure buyers.

Malibu in particular is experiencing a shrinking inventory, and increased demand. Competition has been heating up for the deals out here and even  properties in the price ranges above $5 million have been picked up within days of hitting the market. But one …

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Thumbnail image for Malibu Most Active (Sales) Neighborhoods

Malibu Most Active (Sales) Neighborhoods

by ritasimpson July 18, 2012 How's The Market

Malibu’s Home Sales have surged in the last 6 months, but there are neighborhoods that had more action than others. Here is a glimpse into which were the most popular neighborhoods, what were the price points, and how close to the asking price were these sales.

Point Dume and Malibu Park (Hills near Zuma Beach) were …

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Thumbnail image for Investors Find Real Estate Outperformed Other Categories

Investors Find Real Estate Outperformed Other Categories

by ritasimpson July 9, 2012 How's The Market

Despite all of the doom and gloom surrounding real estate in recent years, Here is something to surprise you: Funds focused on Real Estate have performed exceedingly well and Malibu Real Estate is poised to be a big winner.

How well? Better than all other categories over the last three years returning an average 31.4% annually …

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Malibu Real Estate Market Update

by ritasimpson July 5, 2012 How's The Market

The Median List Price in Malibu this week is $2,695,000 and the Median house size was 2840 Square Feet.

Inventory is tightening. Home sales have been exceeding new inventory for many weeks. It still is a buyer’s Market however, but as the supply declines and the demand continues to rise, the market is sure to move …

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Thumbnail image for Malibu Home Prices Up and Down

Malibu Home Prices Up and Down

by ritasimpson June 29, 2012 How's The Market

Prices Up for Beach properties, Median down for Land side homes.

The Malibu Real Estate Market has finally stabilized. Malibu Sales Volume increased by 158% when you consider both areas (beach and land side) and compare the first 6 months of last year to the sales this year. For Beach Front properties the increase in sales …

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Thumbnail image for Chief Economist Talks To Malibu Association of Realtors

Chief Economist Talks To Malibu Association of Realtors

by ritasimpson June 20, 2012 How's The Market

 

I attended the Malibu Association of Realtors meeting yesterday, where Chief Economist, Leslie Appleton-Young,   of the California Association Of Realtors, gave our members a “Real Estate 2012 Forecast” overview. Here are some quick take aways:

The worst of the recession is over but the recovery will be slow
8 out of 10 Renters Want to Buy …

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