The Malibu Real Estate Blog

New update. There are at least a dozen properties for sale in the Malibu Real Estate market ranging from $500k to $5m in various stages of distress. Easy to email and we had a dozen request this week to be on the priority list. Just drop me an email and your price range and you’ll get the list.I won’t bug you and you can call me when you’re ready to see something. I’ll also sign you up for a Malibu watch list that will email you new listings when they get price reductions AND disclose if they are in short pay, foreclosure, reo, or bank owned state.

A lot of you are searching for these things so tomorrow morning I’ll an update on what’s available. Get your cash ready because there is going to be a bit of action as summer approaches! Email if you want to be on my priority list where Ill be firing out email blasts the second I hear about a distressed property.

Here’s two quick teasers.
1944 CORRAL CANYON RD MALIBU, CA 90265
MLS description…

BANK OWNED FORECLOSURE. CHARMING 1BED/1BATH HOME IN THE CANYON OF MALIBU! HW, TILE, & CARPET. KITCHEN APPLIANCES. BIG GARAGE. VIEWS FROM MANY ANGELS! INFO HEREIN IS NOT VERIFIED BY AGENT. BUYER TO VERIFY ALL INFO. & RELY ON THEIR FINDINGS. ALL OFFERS MUST BE SUBMITTED ON CAR FORM W/PRE-APPROVAL (NOT PRE-QUAL), COPY OF EARNEST MONEY CHECK +PROOF OF FUNDS (IF CASH OFFER) & AGENCY DISCLOSURE. FOR A GUARANTEE RECEIPT OF YOUR OFFER PLEASE CHECK OUR PRVT. REMARKS FOR FAX COVER & FAXING INSTRUCTIONS.

1 bedroom 1 bath $589,000!!!!! Small house but at a condo price,… who cares!

Listed with Joyce Essex CB

11770 PACIFIC COAST HWY #T MALIBU, CA 90265

MLS description…
BEAUTIFUL 2 STORY FEE SIMPLE AT THE POPULAR COUNTY LINE SURFERS’ PARADISE! 3 BEDROOM, 3 FULL BATH + MEDIA ROOM/OFFICE. BRIGHT KITCHEN WITH GRANITE COUNTERTOPS & NEW S/S APPLIANCES. SEPARATE LAUNDRY & STORAGE ROOM. ATTACHED 2 CAR GARAGE, EXTRA GUEST PARKING. PADDEL TENNIS & HALF COURT BASKETBALL COURT. VERY LIGHT, SPACIOUS, COZY. BEACHFRONT WHALERS VILLAGE GATED COMMUNITY. SUBJECT TO SELLER’S LENDER APPROVAL PER SHORT PAY OFF. FRESH EXTERIOR PAINT IN ENTIRE COMPLEX. PERFECT INTERIOR CONDITION.

3 bedroom 3 bath$999,000

Listed with Tiffany L Wortinger

Do you think I should dedicate a page to Malibu Pictures or just have a side  slideshow widget?

Early in the week you could tell something different was in the air. It was hot and humid, and the cool northwesterlies were absent from the shores of Zuma. By Wednesday there were rumors of rain but the skies above Malibu were free from the tell tale cumulus nimbus clouds. Late Wednesday some unusual clouds started coming up from the south. I ran down to the beach and shot a few sunset pics. Still no rain. Around 11 pm I started to hear some thunder and a few minutes later saw some faint blasts of lightning. Over the next few hours the storm built in strength and was right on top of Malibu by 1 am. I was already in bed but the dog was acting up and I soon realized I would not be sleeping until the storm passed. I went online to wunderground.com and looked at the storm track function and could see that the system was going to move right over Point Dume and up the shore along Zuma beach. I grabbed the camera and headed up to Encinal above El Pescador beach and here are the results. These images were shot around 2am. Exposures were between 2-3 minutes long. Limited edition Prints will be available. Please email me at Maliburealestate@mac.com

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Here are the numbers showing what’s happening to land-side homes in Malibu  from Nov. 06 YTD to Nov. 07 YTD. 

• The number of new listings decreased from 444 to 389  or -12.99%  
• The number of  sold units decreased from 177 to 146 or -17.51%
• The median sales price increased from $1,865,000 to $2,197,500 or an increase of +17.83%!

Here are the numbers  for real estate on the beach.

• The number of new listings increased from 106 to 117  or +10.39%   
• The number of sold units increased from 36 to 44 or +22.22%
• The median sales price increased from $4,247,521 to $6,407,531 or an increase of +50.85%!
  

Click here to see the chart.  http://forms.themls.com/forms/la_times_news/12_16_07_LA_Times_Article.pdf