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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Thumbnail image for Proposition 60 and 90 apply to Malibu

Proposition 60 and 90 apply to Malibu

by ritasimpson June 18, 2012 Community Information

I was holding an Open House in Point Dume, Malibu this weekend when a prospect enamoured with the house I was showing, told me he was  sorry to be stuck in his old house because was afraid he would lose his low tax basis if he sold and bought a new home in Malibu.  I …

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How Fire Safe Is Your Malibu Home?

by ritasimpson June 16, 2012 Community Information

Fires are in the news, and always on the mind of those whose homes are perched in the Santa Monica Mountains in Malibu overlooking the Pacific.
Todays news offers some insights that might be very helpful going forward to minimize the risk of fires in Malibu as well as the other areas in the region.
The results …

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Thumbnail image for Malibu Is Set To Be Next Hot Target For Foreign Real Estate Buyers

Malibu Is Set To Be Next Hot Target For Foreign Real Estate Buyers

by ritasimpson June 12, 2012 How's The Market

It’s not news that foreigners are snapping up US Real Estate. What is news, is the Rate at which foreigners are buying US properties. International buyers accounted for  over $82.5 billion in US property acquisitions in the last 12 months. That is a 24% increase from the previous year!

Buyers for California and Malibu properties came …

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Thumbnail image for May Sales Activity Malibu Land Side Homes

May Sales Activity Malibu Land Side Homes

by ritasimpson June 8, 2012 How's The Market

May appears to have been a clean up month in Malibu, with most but not all sales sweeping the lower priced properties. The median price paid was $1,535,000 the high priced sale was $3,450,000 and the average paid per square foot was $561.05

Only a handful of the 17 sold Malibu Land side homes in May …

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May Sales Activity At Malibu Beach

by ritasimpson June 8, 2012 How's The Market

May was the month when all the beach homes that had been stuck on the market, for one reason or another, coincidentally closed.

For the 5 homes sold in May, the Median was$4,367,000  and the high priced sale was for $7,300,000. This was  for a brand new Malibu Road Architectural home which was in  probate. The final …

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If You Want A Deal Alert In Malibu

by ritasimpson June 7, 2012 Deal Of The Month

If you want a deal alert in Malibu you  have got to be set with your  personal LOCAL agent. Because the Real deals don’t wait around…and agents that are not local can’t be tuned-in to the Malibu real estate market like the ones who live and breathe Malibu everyday.

Usually, if you are serious about moving …

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Thumbnail image for This Malibu Rd Lease Is Fabulous!

This Malibu Rd Lease Is Fabulous!

by ritasimpson June 7, 2012 Leases

This new Short Term Beach lease on Malibu Road is absolutely Stunning! Not only is it perfect inside as you can see from the listings photos, but I could not resist shooting a short video of the spot on the beach. An egret was standing on the rocks and the whole setting was so inviting …

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Thumbnail image for Which Of These $40 Million Malibu Properties Would You Pick?

Which Of These $40 Million Malibu Properties Would You Pick?

by ritasimpson June 6, 2012 How's The Market

Hard to choose among these gorgeous properties, but more interestingly, contrary to popular speculation the most expensive homes in Malibu belong or belonged to some intriguing personalities, from Max Palevsky to Terry Semel,  Richard Weintraub, and  William Chadwick, not  famous for their acting in movies…just intelligent people successful in their fields.

Sorry, but we couldn’t …

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Thumbnail image for Malibu Colony Summer Leases

Malibu Colony Summer Leases

by ritasimpson June 6, 2012 Leases

If you want to check out what the hoopla is all about, take a look at some of the gorgeous Malibu colony beach homes available for lease. You will surely understand the glamour and the lovely casual lifestyle. Leases are moving fast this season, so don’t delay making a decision if you are contemplating spending …

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