beach house: Are We at the Bottom of the Malibu Real Estate Market?
- 09/11/09 05:37 AM
I going out on a limb here an claiming that the later half of 09 will be the "bottom of the market" for Malibu real estate. Why? Condos have been slashed. The unit for $499k on the third row of the Malibu Vilas is a significant chop and a great value. I've seen a few Malibu beach houses sell at close to half of their original asking price. There are real investors out there that know it's the right time to buy and they are coming out of the woodworks with cash. Trust me on this, I get 3 calls a … (0 comments)
beach house: Quick Update on Deals in The Malibu Real Estate Market
- 09/11/09 05:35 AM
Condos have come down in price and there are so many units on the market that your bound to find a seller who will let one go at a great price. If you are a Pepperdine Parent and have a student heading to school for four years, now would be a good time to consider picking up a unit. There are few great deals out there on beach houses that have been on the market to long and can be purchased at 30 to 50% off the original asking price. Long term, there are few real estate investments as good as … (0 comments)
beach house: What You Need To Know About Home Insurance In Malibu
- 11/26/08 04:12 AM
<!--StartFragment--> Luxury Home Insurance Just as elite and expensive cars require special insurance, so too do the luxury homes of Malibu. From an insurer's point of view, however, a house isn't a luxury home just because it came with a high price or an enormous amount of square footage. Instead, a luxury home must have one or more of the following features: fine architectural detailing or uncommon construction details, high-quality construction, significant age, and contents that include fine art, collectibles or antiques. If your home meets this description, you should be shopping for a luxury home policy. While all luxury home … (0 comments)
beach house: Malibu Beach House Sells At Close To Half Of Original List Price
- 07/11/08 04:08 PM
Deals are to be had once again in Malibu, even on the beach. Here is a home that hit the market in late 07 for $6,000,000. The home is located in the guard-gated enclave knows as the Malibu Cove Colony near Geoffrey's restaurant. The home needed some work but has great views of Point Dume, is in the Paradise Cove Bay where it lies protected from the afternoon northwesterlies, and is in a neighborhood of $5-6 mil. homes that rent for $40-60k per month in the summer. Over the course of 11 months, the home had 5 major price reductions and … (0 comments)
beach house: How To Attract Buyers....Offer a 7.5% commission on a $10,495,000 house!
- 07/04/08 05:23 PM
Most agents go into a listing appointment hoping for a 6% commission but will often get the contract signed at 5%. In areas like Malibu and other expensive communities, it's not unusual for the commission to be 4% on homes that are $6,000,000 or more. This beautiful home on Broad Beach not only offers an exclusive address right on the sand, but a whopping 7.5% total commission with the buyer's agent receiving 5%! If the house closes at the asking price the agent who brings the buyer will walk away with close to $250,000 AFTER the split (based on a 50/50 … (0 comments)
beach house: One Less Beach House On The Market In Malibu
- 07/04/08 05:21 PM
A home (more like a funky shack) at 21106 Pacific Coast Highway burned down this morning. The house was listed for sale at $2,595,000 and had been on the market for almost one year. The blaze scorched both neighbors homes on either side. Here is the extensive MLS description..."Original beach shack bring your hammer." Yep, that sums in up. It's a fixer. I mean was a fixer. Below are the "Before" pictures.
And After
The home was listed with Steve Karsh of Malibu Surf Realty. … (0 comments)
beach house: Getting International press from a free blog!
- 05/25/08 04:07 AM
On March 8th I posted an article on my free Wordpress.com blog about a new record price being set for a monthly rental in Malibu. (click here to read it)The L.A. Times read it and called me to do an article on leases in Malibu and ran it on March 24th on the front page. (article)On May 7 Le Figaro, a major French newspaper, ran an article about Malibu being the St. Tropez of California and quoted me again! The funny part was I never said an of that! I did say that Malibu was resilient to economic downturns in the … (1 comments)
beach house: Record deal may be washing away on Billionaire's Beach.
- 03/06/08 08:42 AM
By The Malibu Real Estate Blog Themaliburealestateblog.com Over the weekend, several blogs and newspapers were reporting that Nancy Daly Riordan sold her home on Carbon Beach for a price in the vicinity of $62 million dollars. This would be a record sale for Malibu shattering last year's record sale of Johnny Carson's home on Point Dume at $35 million. The Real Estalker is reporting that the deal may have fallen through and the original Canadian buyers, may possibly be Russian. The 12,785 sq.ft. house sits on a triple lot on "Billionaires Beach", aka Carbon Beach, in the heart of Malibu. It … (0 comments)
beach house: And you thought Malibu real estate was expensive?
- 02/21/08 02:38 AM
By The Malibu Real Estate Blog Themaliburealestateblog.com If you thought Malibu real estate prices were sky high how about a 1800 Sq. Ft. town house on the Upper East Side for $64 million! The pricey abode has 30 rooms, 15 bedrooms, 17 bathrooms, 17-foot ceilings, and a rooftop garden with grand views. If it sells it will break the previous record high sales price set by the sale of the $53 million dollar Harkness Mansion on East 75th Street. Malibu's highest price listing comes in at $75 million. The recent sale of a Carbon Beach home in the $55 million dollar … (0 comments)
beach house: Malibu's Newest High-End Listing...$25,000,000
- 02/17/08 02:58 PM
By The Malibu Real Estate Blog Themaliburealestateblog.com The growing demand for high-end finished products in the Malibu real estate market continues to be met with new homes like this. Listed at $25,000,000, this stunning East Coast traditional sits on the cliffs of Point Dume above the Pacific Ocean. The home sets a new record asking price for this section of ocean view bluff and will most likely elevate the value of all the neighboring properties when a sale is finalized. The home was built by Albino Construction, known for building the highest quality homes that are almost always purchased by celebs … (0 comments)
beach house: What you need to know about internet real estate marketing
- 01/20/08 08:37 AM
Here are the top ten sites for December. Realtor.com is leading with Trulia recently passing up Zillow and looking to gain ground. Why is this important? Because everybody starts online when it comes to finding a home. 85% this year will and I estimate that the number will rise to 95% in next few years. Realtor.com gets 5 million hits alone each month. If you are going list your home you better have an agent who has a foot in the internet arena. I personally have my listings at 4 of the sites mentioned above. One advantage Prudential has is that … (0 comments)
beach house: Skip The Private School And Save Enough Money To Move to Malibu
- 01/15/08 09:54 AM
Check out these recent headlines: "Location! Location! Location! - Better Schools Mean Higher Property Values" (USA Today), "House Buyers are Willing to Pay for a Good Education,"(The Wall Street Journal)If the quality of a school directly affects the value of local real estate, then Malibu High School has just given the local housing market a big boost. Coming in 98 out of the 100 highest ranking schools in the nation and 23rd in California, parents now have even more reason to move to Malibu. Don't forget, we are talking about a public school with no tuition! Many parents in the surrounding … (2 comments)
beach house: How Many Photographs Did Your Agent Upload To The MLS?
- 01/13/08 02:00 AM
If the answer is less than 20, you may want to consider someone who takes the marketing of your home more seriously. One agent recently studied 268 listings in the MLS and found that homes with more photos sold much faster than those with just a few. Here is the relationship between the number of photos and Days on Market: 1 Photo = 70 Days on Market (DOM) 6 Photos = 40 DOM 16-19 = 36 DOM 20 or more = 32 DOM Let's now talk about the how it affects the sales price. Guess what? Listings with fewer pictures sold … (9 comments)
I going out on a limb here an claiming that the later half of 09 will be the "bottom of the market" for Malibu real estate. Why? Condos have been slashed. The unit for $499k on the third row of the Malibu Vilas is a significant chop and a great value. I've seen a few Malibu beach houses sell at close to half of their original asking price. There are real investors out there that know it's the right time to buy and they are coming out of the woodworks with cash. Trust me on this, I get 3 calls a … (0 comments)
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