With sellers becoming more aggressive, be ready to take advantage of this market. Many of the fence sitters are starting to negotiate excellent terms in the purchase of Malibu property. For more information please email Bobby@4Malibu.com or call (310) 365-7696. 4Malibu.com
|
Beachfront (as of June 8, 2009) |
Landside (as of June 8, 2009) |
|
|
# ofActives |
Price Range |
|
# of Actives |
Price Range |
|
SFR |
75 |
$849,000 - $65,000,000 |
SFR |
280 |
$279,000 - $19,950,000 |
|
Condos |
31 |
$579,000 - $3,875,000 |
Condos |
47 |
$499,000 - $1,995,000 |
|
Leases |
227 |
$1,200 - $200,000 |
Leases |
200 |
$1,495 - $60,000 |
|
Land |
3 |
$3,995,000 - $9,900,000 |
Land |
219 |
$95,000 - $40,000,000 |
Information provided by 4Malibu.com, researched through the Combined L.A./Westside MLS, Inc. 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.
May overview for Malibu, CA. The market is seeing much more activity, especially in the leasing market. Many who are waiting for prices to dip even further are opting to lease a home rather than buy. While others have been taking advantage of beautiful homes at great prices. Some believe we are at the bottom, says Celia Chen, an economist at Moody's Economy.com. He argues the prices in the U.S. housing sector is coming to an end. "Home sales and construction activity are probably at the bottom," Chen told Bloomberg News Tuesday. "Home sales are being boosted by foreclosure sales and that's helping to keep activity stable."
For more information please email Bobby@4Malibu.com or call (310) 365-7696. 4Malibu.com
| MAY 2009 - SALES/LEASES |
| SINGLE FAMILY - LANDSIDE |
| Address | LP | SP | BR | BA | SF | LSZ | YB |
| 61 Paradise Cove | $350,000 | $315,000 | 2 | 1.5 | 800 | 1,500 | - |
| 2128 N Shadow Creek Dr. | $1,595,000 | $1,500,000 | 4 | 4.5 | 4,187 | 154,200 | 2007 |
| 3535 Malibu Country Dr. | $2,395,000 | $1,900,000 | 3 | 2.5 | 3,072 | 13,817 | 1987 |
| 301 Loma Metisse Rd. | $2,695,000 | $2,695,000 | 6 | 5.5 | 6,000 | 257,440 | 2008 |
| 136 Paradise Cove | $2,700,000 | $2,275,000 | 3 | 2 | 2,270 | 6,000 | 1992 |
| 3769 Puerco Canyon Rd. | $5,299,900 | $4,850,000 | 7 | 8 | 7,587 | 51,718 | 2003 |
| 6153 Bonsall Dr. | $5,975,000 | $4,750,000 | 5 | 6 | 6,636 | 50,965 | - |
| 6269 Porterdale Dr. | $5,995,000 | $4,850,000 | 6 | 6.5 | 6,795 | 80,586 | 2007 |
| SINGLE FAMILY - BEACHSIDE |
| Address | LP | SP | BR | BA | SF | LSZ | YB |
| 20606 Pacific Coast Hwy. | $2,699,000 | $2,400,000 | 3 | 3 | 1,980 | 1,829 | 1963 |
| CONDO - LANDSIDE |
| Address | LP | SP | BR | BA | SF | LSZ | YB |
| 29235 Heathercliff Rd. #11 | $427,900 | $680,000 | 1 | 1 | 986 | - | 1974 |
| 6468 Lunita Rd. #113 | $1,495,000 | $1,280,000 | 3 | 2.5 | 2.064 | - | 2000 |
| CONDO - BEACHSIDE |
| Address | LP | SP | BR | BA | SF | LSZ | YB |
| 11882 Starfish Ln. | $725,000 | $680,000 | 1 | 1.5 | 986 | - | 1974 |
| LAND - LANDSIDE |
| Address | LP | SP | BR | BA | SF | LSZ | YB |
| 20636 Whitecap Way | $1,000,000 | $613,000 | - | - | - | 104,980 | - |
| 20620 Whitecap Way | $1,000,000 | $1,225,000 | - | - | - | 103,668 | - |
| 20634 Whitecap Way | $1,500,000 | $613,000 | - | - | - | 208,648 | - |
| 20634 Whitecap Way | $1,500,000 | $1,225,000 | - | - | - | 208,000 | - |
| LEASES - LANDSIDE |
| Address | LP | SP | BR | BA | SF | LSZ | YB |
| 21361 Pacific Coast Hwy. | $1,595 | $1,550 | 1 | 1 | - | 8,830 | 1963 |
| 23901 Civic Center Way #F366 | $2,100 | $2,100 | 1 | 1 | 582 | 1,599 | 1972 |
| 23901 Civic Center Way #102 | $2,995 | $2,800 | 2 | 1.5 | 1,130 | 1,599 | 1972 |
| 28711 Pacific Coast Hwy. #30 | $3,000 | $2,800 | 2 | 1.5 | 1,019 | 2,650 | 1988 |
| 28296 Rey De Copas Ln. | $3,000 | $3,000 | 2 | 3 | 1,306 | 2,957 | 1974 |
| 28394 Rey De Copas Ln. | $3,500 | $3,000 | 3 | 3 | 1,681 | 2,469 | 1974 |
| 28214 Rey De Copas Ln. | $3,600 | $3,000 | 3 | 3 | 1,681 | 2,957 | 1974 |
| 6489 Cavalleri Rd. #211C | $4,300 | $4,300 | 2 | 2 | 1,874 | 5,283 | 1991 |
| 6412 Lunita Rd.#106 | $4,450 | $4,050 | 3 | 2.5 | 1,831 | - | 2002 |
| 6489 Cavalleri Rd. #412 | $4,480 | $4,200 | 2 | 2.5 | 1,828 | 5,283 | 1991 |
| 31373 Pacific Coast Hwy. | $4,500 | $4,300 | 3 | 2 | 1,353 | 79,274 | 1964 |
| 6463 Zuma View Pl. #168 | $4,500 | $4,500 | 3 | 3 | 2,142 | 2,056 | 1999 |
| 6426 Lunita Rd. #134 | $4,500 | $4,000 | 3 | 3 | 2,064 | 12,784 | 2000 |
| 6489 Cavalleri Rd. #310E | $4,800 | $4,800 | 3 | 3 | 2,047 | 5,283 | 1991 |
| 6487 Cavalleri Rd. #326D | $4,855 | $4,855 | 3 | 3.5 | 1,955 | 5,283 | 1993 |
| 6489 Cavalleri Rd. #308 | $5,000 | $4,800 | 3 | 3 | 2,057 | 5,283 | 1991 |
| 6489 Cavalleri Rd. #205F | $5,000 | $5,000 | 2 | 4 | 2,190 | 5,283 | 1991 |
| 6489 Cavalleri Rd. #208 | $5,040 | $5,040 | 3 | 3 | 1,999 | 5,283 | 1991 |
| 6487 Cavalleri Rd. #334F | $5,365 | $5,365 | 3 | 3.5 | 2,190 | 5,283 | 1993 |
| 6487 Cavalleri Rd. 333F | $5,365 | $5,365 | 3 | 3.5 | 2,190 | 5,283 | 1993 |
| 23947 De Ville Way | $6,500 | $6,000 | 2 | 2.5 | 2,242 | - | 2004 |
| 29693 Baden Pl. | $6,500 | $6,000 | 2 | 2.5 | 1,700 | 21,780 | 1971 |
| 6489 Cavalleri Rd. #314 | $7,000 | $7,000 | 3 | 3.5 | 2,438 | 5,283 | 1991 |
| 30739 La Brisa Rd. | $7,000 | $6,500 | 4 | 3 | 2,160 | 16,849 | 1962 |
| 31541 Pacific Coast Hwy. | $7,950 | $7,950 | 4 | 3.5 | 3,000 | 44,867 | 2003 |
| 31157 Anacapa View Dr. | $8,000 | $7,500 | 4 | 4.5 | 3,329 | 45,738 | 2002 |
| 18452 Wakecrest Dr. | $8,900 | $9,900 | 3 | 2 | 2,100 | 6,720 | 1962 |
| 2401 Rambla Pacifico St. | $9,500 | $8,500 | 3 | 4 | 3,915 | 98,445 | 2005 |
| 3633 Serra Rd. | $10,000 | $8,900 | 5 | 5.5 | 4,561 | 27,438 | 1990 |
| 31275 Bailard Rd. | $13,000 | $12,000 | 5 | 5 | 5,701 | 86,680 | 1997 |
| 28969 Cliffside Dr. | $14,400 | $13,500 | 5 | 4.5 | 4,603 | 44,867 | 1978 |
| LEASES - BEACHSIDE |
| Address | LP | SP | BR | BA | SF | LSZ | YB |
| 26666 Seagull Way #C104 | $2,250 | $2,250 | 1 | 1 | 672 | 1,690 | 1973 |
| 26664 Seagull Way #B117 | $2,950 | $2,500 | 1 | 1 | 724 | 1,690 | 1973 |
| 25236 Malibu Rd. #2 | $3,500 | $3,500 | 1 | 1 | 700 | 6,486 | 1952 |
| 26664 Seagull Way #A209 | $3,500 | $3,300 | 1 | 2.5 | 1,201 | 1,690 | 1973 |
| 22860 Pacific Coast Hwy. #205 | $3,595 | $5,000 | 1 | 1 | - | 14,375 | 1955 |
| 6992 Whitesands Pl. | $10,000 | $11,250 | 2 | 2 | 2,000 | 44,867 | 1949 |
| 23006 Pacific Coast Hwy. | $11,000 | $9,000 | 3 | 3 | 1,848 | 4,356 | 1948 |
| 25272 Malibu Rd. | $12,000 | $10,000 | 2 | 2 | 3,120 | 4,530 | 1991 |
| 33634 Pacific Coast Hwy. | $15,000 | $16,000 | 3 | 2 | 1,232 | 90,169 | 1953 |
| 20826 Pacific Coast Hwy. | $20,000 | $17,000 | 3 | 2 | 1,615 | 5,415 | 1924 |
| 7089 Birdview Ave. | $30,000 | $22,000 | 2 | 2.5 | 2,571 | 26,136 | 1964 |
| 23678 Malibu Colony Rd. | $55,000 | $55,000 | 7 | 7 | 5,127 | 14,366 | 1930 |
| 23556 Malibu Colony Rd. | $110,000 | $110,000 | 5 | 6 | 4,200 | 6,956 | 2009 |
Information provided by 4Malibu.com, researched through the Combined L.A./Westside MLS, Inc. 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.
Take advantage of these times, there is going to be plenty of opportunity in this market. Consumer confidence rose again in May and represented the largest two-month rally since records began in 1967. According to the National Association for Business Economics, the consensus of a recent survey of 45 professional forecasters called for the recession to end in the second half of this year, but the recovery is to be more moderate than the previous survey. Housing continues to be a drag on the economy, however. Although single-family existing home sales rose 2.5 percent in April, inventories of homes for sale also rose to 9.6 months from 9.0 in March, according to the National Association of Realtors® (NAR). Moreover, the NAR noted that sales of distressed homes made up 45 percent of the purchases in April. Such types of sales mixed with a large supply of unsold homes keep depressing house prices. For example, a new research report from the Federal Housing Finance Agency found that sales of distressed homes accelerated the measured decline in California's home values by 5.3% from the peak in 2006 through the first quarter of 2009. (Information provided by Max Byfuglin of The Mitchell Group / First Capital)
For more information please email Bobby@4Malibu.com or call (310) 365-7696. 4Malibu.com
Malibu Real Estate Overview
Avg. Listing Price $3,915,934 (Wk ending May 13)
Median Sales Price $1,100,000 (Feb '09 - Apr '09). This is a decrease of over half a million dollars from a year ago.
The average price per square foot as of Feb-Apr 09 is apx. $693, a drop of over $300 from a year ago.
------------------------------------------------------------
From the MLS (Multiple Listing Service)
Beachside and landside properties actively listed on the market as of 5/22/09:
SFR (326) ranging from $499,000 - $65,000,000
Mobile Homes (38) ranging from $279,000 - $2,100,000
Condos - (79) ranging from $499,000 - $3,875,000
Land - (230) ranging from $95,000 - $40,000,000
Lease - (423) ranging from $1,200 to $110,000
Provided by Trulia & MLS
For more information please email Bobby@4Malibu.com or call (310) 365-7696. www.4Malibu.com
For those sitting on the fence, waiting for things to get better. If you are not paying cash, take a look at the Key Interest Rate Chart below. Rates have been good for quite a while now, but not this good. Ask your mortgage professional about programs that are available and see what you qualify for. Take advantage of these times, I don't see how any entrepreneur would not be out buying all the real estate they can. If you sincerely want to create more wealth, buy real estate! For more information please email Bobby@4Malibu.com or call (310) 365-7696. www.4Malibu.com
| Key Interest Rates | Latest | 6 Mos Ago | 1 Yr Ago |
| Prime Rate | 3.25 | 4.00 | 5.00 |
| Fed Discount | 0.50 | 1.25 | 2.25 |
| Fed Funds | 0.25 | 0.28 | 1.96 |
| 11th District COF | 1.627 | 2.769 | 3.280 |
| 10-Year Note | 3.13 | 3.78 | 3.86 |
| 30-Year Treasury Bond | 4.08 | 4.24 | 4.58 |
| 30-Yr Fixed (FHLMC) | 4.86 | 6.14 | 6.01 |
| 15-Yr Fixed (FHLMC) | 4.52 | 5.81 | 5.60 |
| 1-Yr Adj (FHLMC) | 4.71 | 5.33 | 5.18 |
| 6-Mo Libor (FNMA) | 1.56500 | 3.12125 | 2.9650 |
|
Sources: IBC's Money Fund Report; Bank Rate Monitor; Federal Home Loan Bank of San Francisco |
*2011, 2012 Director Region 17 - California Association of REALTORS® *2012 President - Malibu Association of REALTORS®
4 Malibu Real Estate Partners, Inc.
California Real Estate
• Superior Service
• Capital Growth
● Maximization of Capital Growth
• Sound Investments
● Asset Management & Protection
● Experienced Consultation
• Specialization in California Real Estate Markets
4 Malibu Real Estate Partners, Inc. Mission Statement
We are a real estate company dedicated to providing exception returns for our clientele, who include a diverse range of homeowners and individual investors, through prudent leadership, unparalleled industry expertise, and our unwavering commitment to customer service.
We always strive to present excellent opportunities to create wealth and we always aim to meet the needs of our clientele to sustain a long and enduring business relationship over the years. We adequately prepared to offer complete client satisfaction and profitable solutions in all areas of the real estate endeavor.
About 4 Malibu Real Estate Partners, Inc.
We are a premier, full-service real estate company serving California, with the highest level of ethical standards and a strong set of business values. We have a proven history of superior and quality customer service and we provide in-depth knowledge and superb expertise of local and regional real estate markets in California. To efficiently and effectively serve our clientele, we specialize in specific segments of the real estate market, thereby allowing us to develop a strong level of knowledge and capability.
Our team of professionals and network of real estate affiliates not only provide vast knowledge and experience, but they also add value and help for our clientele so that they can maximize their real estate investments and receive exceptional returns. Our network of service provides includes, but is not limited to the following: attorneys, investment consultants, mortgage lenders, rehabilitation construction contractors, real estate appraisers and home inspectors.
4 Malibu Real Estate Partners, Inc. Real Estate Investing
Buying and owning real estate can be complicated and risky at times if one is not prudent and experienced. We have developed a straight-forward system to help minimize this risk, so our investors can take advantage of every opportunity to make big gains in the real estate market.
Our track record is that of great success when it comes to real estate investing. We provide an attractive selection of venture options and give superb customer service so that each and every investor receives a solid return on their investments.
Our services are available to any client, whether they are a novice or seasoned investor, interested in building their wealth through real estate. We look forward to building strategic business relationships that result in financial success for all.
* California Department of Real Estate Broker License
* 2012 President, 2010,2011 Director - Malibu Association of Realtors®
* 2012, 2011 Director Region 17 - California Association of Realtors®
* 2010,2011 The MLS® / CLAW Board of Directors
Specializing In
REO SERVICES
EDUCATION
"Bobby worked with us to find our first home, which we purchased the end of December. Bobby is very friendly, great to work with, and he made us very comfortable. He is very outgoing, positive, and has a great attitude. He asked what we were looking for and showed us houses that fit our needs. He made it very fun to look for our home.
When we called him, he returned the call the same day. He worked so hard every day to find the home with everything we were looking for and in our price range. He had so much patience and kept putting offers in for us. When we did not have time to go look at a house, he would go look at it for us to see if it met our standards.
Buying a first home can be very stressful, but Booby made it so easy for us. Any question we had, he would answer completely and more. We worked with a real estate agent before we worked with Bobby, and she was nice, but we didn't have complete trust in her ability and we weren't sure that she understood what we were looking for. Bobby knew exactly what we were looking for and he found it for us. He got us a great deal and saved us a lot of money. We got everything we wanted in a first home. It is perfect.
It was a pleasure working with Bobby. We were so satisfied with his services that we have already referred our friends and family, who is working with right now, to get their homes. We appreciated Bobby so much and will never use another agent for our future home purchases. He knows exactly what he is doing and we trust him. We are so grateful for Bobby's help that we would strongly recommend him for anyone looking to buy a home."
-Evette Michaelis & Hector Garcia
"We would like to thank you for your help in the sale of our home in North Ranch. We sincerely appreciate your availability and your constant enthusiasm through a difficult sale in a situation that was less than perfect. You were able to keep a positive attitude and work through the difficult times in ways other realtors were not willing to do so. We were amazed at your ability to turn our home in to a "diamond-in-the-rough". Not only do we have a realtor that we could trust, we also have a friend! We look forward to a long and mutually profitable future."
Yours truly,
Karl, Kai and Shauna Schwerdtfeger
My favorite thing about the house hunting experience was anytime that we asked about a particular area he took us there to show us a property. I really feel that helped us make a decision because we were never pushed, never felt obligated to do anything or rushed. When we found the property that really excited us we told him that we liked and wanted it. With Bobbys assistance we put an offer together that we all felt was fair. I had never done a real estate transaction but was never lost or confused to due to Bobbys constant information of what we were doing and what was going to happen next. Then shortly after I received a phone call telling me that we were homeowners, an achievement that I always dreamed of accomplishing. It was a great experience, with a great person who I would refer anyone in my family or recommend to any of my friends! I also believe 4Malibu is very lucky to have such an asset to their company!"
"We would like to take a special moment to let you know how happy we were with your services. We never imagined how a person, like yourself, could make that complicated process be so enjoyable. We appreciated the extra steps you took to put us at ease every step of the way. Your constant commununication assured us that the transaction was going smoothly. We have already told all our friends about you and have given them your number. We love our new home and feel we owe it all to you! A very special thank you from our family."
The Bloch Family
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