This June was a better month for Malibu Real Estate. With Sellers adjusting and buyers realizing value in the market we had increased activity from May 2009. In June we had 13 single family homes sell, 18 pending transactions, and there are 291 active listings. The condo / town-home market had 5 sell, 3 pending transactions, and there are 85 active listings. Malibu Land had 8 properties sell, 3 pending, and 236 active listings. The Lease Market has been steady, with 209 leases sold in 2009, and we still have a great selection of 379 leases available. These are the days for those buyers that have been waiting for opportunity, don't miss it!
For more information please email Bobby@4Malibu.com or call (310) 365-7696. 4Malibu.com
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Beachfront (as of July 7, 2009) |
Landside (as of July 7, 2009) |
|
|
# of Actives |
Price Range |
|
# of Actives |
Price Range |
|
SFR |
72 |
$849,000 - $65,000,000 |
SFR |
291 |
$279,000 - $22,900,000 |
|
Condos |
32 |
$579,000 - $3,875,000 |
Condos |
51 |
$499,000 - $1,995,000 |
|
Leases |
208 |
$1,200 - $110,000 |
Leases |
178 |
$1,495 - $60,000 |
|
Land |
27 |
$198,500 - $14,000,000 |
Land |
210 |
$37,500 - $40,000,000 |
Malibu, CA Real Estate - Search for Homes Like an Agent - 4Malibu.com
Everyday something new comes on the market to enhance the real estate business. New websites, new links, new programs, new marketing tools, etc. The list goes on. I pride myself in keeping up-to-date on all these new products and services so that I can provide my clients with the ultimate service, so that their ultimate goal is reached - finding the perfect property.
Listingbook is that ultimate service.
What is Listingbook, you ask? This is a phenomenal new service that I provide to my clients allowing them to have 24/7 access, from any computer any where in the world, to the database real estate agents use so that they are provided with up-to-the-minute data on all properties listed in the MLS.
Listingbook allows my clients to search for any home in the Multiple Listing Service, just like I do. It allows them to make informed decisions on finding their dream home, as well as options such as receiving automatic notifications of price reductions and new listings within their specified criteria.
Visit my website today and sign up for a free account. It's loaded with powerful, helpful tools unique to this site.
Bobby Lehmkuhl
4Malibu.com • 310.365.7696 • 4MalibuRentals.com
Pritchett~Rapf & Associates
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
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California Real Estate Broker with Outstanding Service!
For over 50 years, Pritchett-Rapf has offered and represented the finest homes in Malibu, California-and inimitable enclave that attracts celebrities, entertainment professionals and those seeking an exclusive yet relaxed atmosphere.
Our clients have found beachfront properties, magnificent estates, ranches, canyon homes, and have built their dream homes on acres of exquisite land. We also specialize in properties in Topanga Canyon; a unique, rural, artistic community that possesses breathtaking natural beauty.
We're recognized as a premier real estate firm because our founding partners, Jack Pritchett and Jim Rapf, have made professional integrity, personal attention loyalty to our clients the benchmarks of everything we do. Like the California coastline itself, our image of exclusivity is only enhanced by our relaxed approachability.
Our International partners share our dedication to personal service and offer access to luxurious, hand-picked properties throughout the world.
California Real Estate Broker License
Specializing In
* Real Estate Appraisal
* Legal Aspects of Real Estate
* Real Estate Finance
* Property Management
* Foreclosure, REO & Short Sale Negotiation
"Bobby worked with us to find our first home, which we purchased the end of December, 2008. 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 [Pritchett~Rapf] is very lucky to have such an asset to their company!"
Brent Green
"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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