The Malibu Real Estate Blog

The Los Angeles Times has mentioned the Malibu Real Estate Blog in the online addition and will be in print this weekend. The article is about how the high-end market has shifted and why sellers need to rethink the way their homes are priced. I look at the positive side of this article in that buyers can pick up some great deals that a few years ago were out of reach.
I was referenced in a section about “chasing the market”. The article says it’s when a seller continually lowers the price of a home until a buyer is found. It is that but more. Chasing the market is when a seller has the price a little to high while the market is falling and when they lower the price it’s always a bit to late. The cycle repeats. Often, offers they said no to, end up being more than  to what they lowered the price to. I have seen this happen numerous times in this market when the tides started to turn. Check out the link here.
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For seriously straight talk about actually buying a home and living in Malibu, call me on my cell at 310 699 8428.

I have had an overwhelming response after this house first appeared in my blog and then in the LA Times. I have scheduled several showings between now and New Years Day and will show it anytime. Get on this because it’s a great house and the bank will want to move it. Call 310 699 8428

Just got back from a showing. Here is the Low Down…..
The home is located up Las Flores Canyon roughly 2.3 miles. See Google Map
There is ocean view. Not Huge, just a wedge, but there.
Is it a fire zone? Yes, but I would say that about 95% of Malibu.
It is on the Eastern or Southern end of Malibu.
Apprx 2002 sq.ft.
About 20 minutes to Santa Monica.
The landscaping is great and most of the property has been used for grass, hardscapes, bbq area, fruit trees, etc.
The house is three levels. Top is master bedroom, mid is kitchen and den, bottom is another bedroom.
There are two driveways.
Not an ideal starter/ family home but great for older couple/work at home/single types.

Price is $1,599,000. Check out the MLS description below. Call 310 699 8428 for more info.
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LENDER OWNED. REO. YOU SAW IT ON CBS SERIES “SHARK” (EXTERIOR SHOTS). STRIKING HOME ON ALMOST AN ACRE OF LAND WITH OUTDOOR PATIO KITCHEN, GAS FIRE PIT, AND ROOM FOR A POOL. ASSESSOR STATES 3 BEDROOMS, BUT MOST LIKELY USE IS AS 2 BEDROOM. OPEN FLOOR PLAN WITH GOURMET KITCHEN. CANNOT LAST AT THIS PRICE. MUST BE SEEN. SEE PRIVATE REMARKS BEFORE CALLING.

I got a lot of calls today regarding this property. It is available for showings. Check out the Google Map below.

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Malibu REO

Malibu REO

Call for a showing 310 699 8428
Listed with Joan Shultz Dilbeck Realtors