The Malibu Real Estate Blog

Here are some signs that your agent is from another epoch.
-Tries to photograph your listing with an old film camera
-Does not text message
-Doesn’t use sign riders with domain names or text messaging codes for mobile devices
-Still believes that a full page print ad is a “big time” marketing campaign and that it alone will sell the home
-Thinks a bowl of stale peanuts will get other agents to come to the broker’s open
-Does not use or understand social media Continue Reading »

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 week from all cash buyers looking for “deals”
• I’m getting word from agents in the valley that there are multiple offers hitting homes that are priced right and I think the C.A.R. numbers will be very positive.
• One of our Santa Barbara agents reported a significant upswing in transactions on the lower end in SB ( $500k-$1m)
• There’s an overall feel from buyers that we are coming out of the recession and that it’s time to look for a home.

With positive stock market news, talk of coming out of recession, buyers looking for deals, I’d say now is the time to seriously consider that purchase you’ve been putting off.

I would love to hear your comments about this.

First, let me point out an example of a sale where you might be encouraged to write a low offer. This house was originally listed for sale on the Malibu Real Estate market at $4,400,000 and was then reduced to $3,795,000. The sale just closed at $3,000,000 and you can imagine what the original offering price must have been like! Now that the house has sold the owner, famous author of sex self-help books, has decided to have a huge garage sale.

Receive one of the author’s Best Selling books with each Purchase (While supplies last).
When: Saturday, February 28th and Sunday, February 29th from 9am to 5pm. (No
early birds! Gates will not be open until 9am)
Where: 6311 Gayton Place, Malibu 90265 (Closest Main Cross Streets: Kanan &
PCH) Look for signs on the day of the Estate Sale.
What’s for Sale:

Custom Built Office Filing Cabinets,Allan Desk with Hutch,Leather Office Chairs & Swivel Desk Chairs,Sofas & Sectionals,Modern Leather Chairs with Coordinating Ottomans,Carlisle Four Poster California King Size Bed,California King Mattress,Dinette and 4 Chairs,Mirrors & Art & Tiffany Styles Lamps,Oriental Rugs,Mitsubishi Big Screen TV & Electronics,Mac Computers, Printers, Faxes, Misc Office Supplies,Stereo Equipment & Speakers,Telephones,Camping Equipment,Sporting and Workout Equipment,Designer Clothes & Shoes,Building & Household Materials: One Anderson Single Pane French Door, Boxes of Light bulbs, Flashlights, Tools, Boxes of Nails & Screws, Ladders,
Pressure Washers…etc.,Heaters, Fans, Massage Equipment, and much much more!!!!

Local agent Madison Hildebrand shows his “Real Estate” on the cover of PlayGirl. Right next to Body Building Hunks Showing Off Their “Junk”!

A new listing hit the Malibu Real Estate market this morning with an asking price of $27,000,000. The 1 story Fred LLoyd Wright design sits on 5 acres of coastal bluff directly above the Pacific with it’s own private trail down to the sand. There are currently a dozen or more listed and unlisted properties for sale in Malibu over $15,000,000. Many will set new price records if they sell. Call for showings 310 699 8428 

The home is listed with Paul Randall/Coldwell Banker

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 has just closed at $3,500,000. 

Check out the listing history below.The home was listed with Sandra Miller