Malibu, CA

As of November 20,2009, the properties below are currently on the market in Malibu, CA as short sales and REOs. For additional information on any of these properties, visit my website at www.4Malibu.com.

Searching for foreclosures in Malibu, CA? Click here.

Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2009 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed.

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How to Set a List Price for Your Home

Setting the list price for your home involves evaluating various market conditions and financial factors. During this phase of the home selling process, your REALTOR^® will help you set your list price based on:

• pricing considerations
• comparable sales
• market conditions
• offering incentives
• estimated net proceeds

Pricing Considerations - Find a Balance Between Too High and Too Low

When setting a list price for your home, you should be aware of a buyer's frame of mind. Consider the following pricing factors:

If you set the price too high, your house won't be picked for viewing, even though it may be much nicer than other homes on the street. You may have told your REALTOR^® to "Bring me any offer. Frankly, I'd take less." But compared to other houses for sale, your home simply looks too expensive to be considered.

If you price too low, you'll short-change yourself. Your house will sell promptly, yes, but you may make less on the sale than if you had set a higher price and waited for a buyer who was willing to pay it.

TIP: Never say "asking" price, which implies you don't expect to get it.

Price Against Comparable Sales in Your Neighborhood

No matter how attractive and polished your house, buyers will be comparing its price with everything else on the market.

Your best guide is a record of what the buying public has been willing to pay in the past few months for property in your neighborhood. Your REALTOR^® can furnish data on sales figures for those comparable sales and analyze them to help you come up with a suggested listing price. The decision about how much to ask, though, is always yours.

Competitive Market Analysis (CMA): The list of comparable sales a REALTOR^® brings to you, along with data about other houses in your neighborhood that are presently on the market, is used for a "Comparative Market Analysis" (CMA). To help in estimating a possible sales price for your house, the analysis will also include data on nearby houses that failed to sell in the past few months, along with their list prices.

A CMA differs from a formal appraisal in several ways. One major difference is that an appraisal will be based only on past sales. Also, an appraisal is done for a fee while the CMA is provided by your REALTOR^® and may include properties currently listed for sale and those currently pending sale. For the average home sale, a CMA probably gives enough information to help you set a proper price.

Formal Written Appraisal: A formal written appraisal (which may cost a few hundred dollars) can be useful if you have unique property, if there hasn't been much activity in your area recently, if co-owners disagree about price or if there is any other circumstance that makes it difficult to put a value on your home.

TIP: If you do order a market value appraisal, make it clear you don't need an elaborate, or full narrative report, i.e., the kind that's complete with photos of the house and neighborhood. Floor plans and a site map is sufficient in most cases.

Westside Properties is a full-service real estate boutique brokerage based in Pacific Palisades serving the entire Westside of Los Angeles. We proudly represent the finest properties throughout the Westside.
We work as a team and combine our extensive real estate experience, powerful resources and connections to benefit you whether you are looking you buy or sell a home in today's exciting and lucrative real estate market.

Call us now to get started on the road to buying or selling your next home.

310.459.8191 or email info@wsprops.com

To preview the finest real estate and the best deals on the Westside of Los Angeles including Pacific Palisades, Santa Monica, Malibu, Brentwood, Bel Air, Beverly Hills, West L.A., Marina Del Rey & Mar Vista please visit our website: http://www.westsidehomefinder.com/ When you are ready to view the properties or just have a question, please contact us: 310.459.8191 or info@wsprops.com

Search for homes in your city:

PACIFIC PALISADES - SANTA MONICA - MALIBU - BRENTWOOD

BEVERLY HILLS - WESTWOOD/CENTURY CITY - MARINA DEL REY

VENICE - TOPANGA - CULVER CITY - PLAYA DEL REY - PLAYA VISTA

WEST L.A. - BEL-AIR - BEVERLY HILLS PO - BEVERLY CENTER/MIRACLE MILE

First Time Buyers at the Beach (Malibu, CA)

REO, Short Sales, Foreclosures - Yes, even the beach (more specifically, Malibu, CA) is not immune to this economic impact. If you are in a position to purchase real estate, now is the time - to act. Where do you want to live? If you have always dreamed of living by the beach, opportunity is knocking and deals are out there.

According to a news article, in Malibu, over the last 50 years, there has been a 5% increase over time. 12 of those years have averaged 20% or more. Only 8 times has there been a decrease.

You want it, we've got it - the ultimate Malibu deals - Beachfront or Canyon, Single Family Homes, Land, Condos & Leases.

Contact 4Malibu.com, Bobby Lehmkuhl, at 310.365.7696 or at Info@4Malibu.com.

Market Analysis Report

 

# of Listings Average DOM Low Price $ Median Price $ High Price $ Average Price Total $ *Avg. Price w/ Sq.Ft. $ *Average Sq. Ft. *Avg. Price/Sq.Ft. $ ***Avg. Price w/ LSZ $ ***Average LSZ ***Average Price/LSZ $ Average SP/Average LP

Active 124 131 1,975 607,000 14,995,000 1,544,173 1,549,315 3,032.12 510.97 1,638,686 102,187.14 16.04 --

Backup 1 59 550,000 550,000 550,000 550,000 550,000 995 552.76 N/A N/A N/A --

Hold -- -- -- -- -- -- -- -- -- -- -- -- --

Pending 7 167 375,000 985,000 9,500,000 4,082,857 3,646,667 2,611.33 1,396.48 4,599,167 6,626.17 694.09 --

Sold LP 15 121 2,600 5,000 11,900,000 1,023,741 163,593 2,953.17 55.40 1,023,741 333,443.07 3.07 --

Sold SP ** 15 121 2,500 5,000 10,300,000 898,408 153,426 2,953.17 51.95 898,408 333,443.07 2.69 87.76%

Expired 24 234 2,100 599,500 22,500,000 1,881,025 954,979 2,275.16 419.74 2,119,663 198,924.89 10.66 --

Canceled 2 143 3,250 999,625 1,996,000 999,625 999,625 1,701 587.67 999,625 7,083 141.13 --

Withdrawn 14 205 2,600 505,000 5,840,000 1,010,643 826,846 1,789.77 461.98 1,277,833 299,377.33 4.27 --

* = Square footage calculations do not include those listings with a reported square footage of zero (34 such listings were found).

*** = Lot size calculations do not include those listings with a reported lot size of zero (25 such listings were found).

** = All calculations in the "Sold (Sold Price)" column do not include those Sold listings with either a reported square footage of zero or a reported Selling Price of zero (0 such listings were found) or a reported lot size of zero (0 such listings were found).

Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals.

Westside Properties is a full-service real estate boutique brokerage based in Pacific Palisades serving the entire Westside of Los Angeles. We proudly represent the finest properties throughout the Westside.
We work as a team and combine our extensive real estate experience, powerful resources and connections to benefit you whether you are looking you buy or sell a home in today's exciting and lucrative real estate market.

Call us now to get started on the road to buying or selling your next home.

310.459.8191 or email info@wsprops.com

To preview the finest real estate and the best deals on the Westside of Los Angeles including Pacific Palisades, Santa Monica, Malibu, Brentwood, Bel Air, Beverly Hills, West L.A., Marina Del Rey & Mar Vista please visit our website: http://www.westsidehomefinder.com/ When you are ready to view the properties or just have a question, please contact us: 310.459.8191 or info@wsprops.com

Search for homes in your city:

PACIFIC PALISADES - SANTA MONICA - MALIBU - BRENTWOOD

BEVERLY HILLS - WESTWOOD/CENTURY CITY - MARINA DEL REY

VENICE - TOPANGA - CULVER CITY - PLAYA DEL REY - PLAYA VISTA

WEST L.A. - BEL-AIR - BEVERLY HILLS PO - BEVERLY CENTER/MIRACLE MILE

Malibu, an area of Los Angeles that contains some of the most expensive real estate in Los Angeles County and is home to countless movie stars, is about to lose the bulk of its septic tank systems after years of fierce debate.

The septic tank system has been popular in the area because it hindered growth in a neighborhood coveted for its wide open spaces and beautiful views. But detractors fought against the ocean and beach pollution caused as a result.

The switch to a sewer system will come at great expense to residents in the areas affected, around $500 a month. Businesses will pay $20,000 a month. There is a compromise which would shrink the affected areas and allow owners in commercial areas to comply by 2015 and residents in Malibu Knolls, Serra Retreat, and Malibu Colony by 2019.

Septic tanks were a major consideration in Malibu becoming an incorporated city in 1991 to stop Los Angeles County installing a sewer system in the area. Residents were afraid of over-development.

The stench in the area, especially after a rainstorm is famous and called the "Malibu smell". Not what one would imagine in such an upscale neighborhood.

In an area full of beachgoers and famous for its surfer, getting rid of this polluting factor can only be a good thing.