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Malibu Luxury Real Estate Renting a Malibu House Versus Owning a Malibu House

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posted: May 11, 2013
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Malibu Luxury Real Estate Home of the Week

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Malibu Beach House for Sale located at: 25322 Malibu Road Malibu, CA Malibu Luxury Real Estate visited this beautiful Malibu beach house for sale located on Malibu Road. This Malibu beach house for sale is a 3 bedroom, 3 bathroom, 1800 square foot Mediterranean style Malibu beach house. The two-car garage of this Malibu beach house for sale is separate which gives the buyer plenty of room to expand this Malibu beach house when and if needed. Before entering the Malibu beach house there is a large, tree filled courtyard hidden behind a privacy wall and gate and a private jacuzzi. Upon entering this Malibu beach house for sale there is an open kitchen that attaches to the living room with a fireplace. Also found down stairs is the office/den/library. A large entertaining deck provides a beautiful view of the ocean and beach. Three bedrooms are found upstairs of this Malibu beach house. One master, one with a shower with a view of the ocean, and one with a private balcony. This Malibu beach house for sale is our home of the week due to its vast possibilities. Of all the Malibu beach houses for sale, this is one of the most affordable Malibu beach houses for sale available on coveted Malibu Road. This could be perfect for a bachelor home or for a small family. But it also has a lot of potential to be expanded. The courtyard is very large and gives an opportunity to extend the home and even adding another room. With beautiful views and close to so many local attractions, 25322 Malibu Road is the Malibu Luxury Real Estate home of the week. posted: August 3, 2012
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Malibu Luxury Real Estate Home Prices & Sales Increase In March

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Home prices across California have jumped 8.3% in March compared to February and 24.7% compared to a year earlier, according to the real estate firm, DataQuick on Thursday.

It was estimated that 37,764 homes were sold which was 31.5% more than the previous month.

Extremely low inventory has led to sharp price increases, as buyers are taking advantage of historically low interest rates. In addition, cash investors are purchasing properties in high numbers to rent or resell.

Southern California saw significant price gains in the month of March.

Please see the full article posted at LA Times on April 18th here:
 
http://www.latimes.com/business/money/la-fi-mo-california-home-prices-sales-20130418,0,4080452.story

Now is a great time for buyers to begin their search for their new home. It is also a great time for sellers to list their home! If you are looking to sell, buy, or lease your home in Malibu, please contact Malibu Real Estate Broker, Mitch Hagerman at (310) 963-4358 and visit our website for Malibu Luxury Real Estate listings.
posted: April 23, 2013
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Malibu Real Estate Prices Poised to Appreciate

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Malibu Luxury Real Estate stays up to date with all of the latest Malibu real estate news. We found an interesting article we would like to share with Malibu Luxury Real Estate clients and visitors. The article, found in the Malibu Times, explains the likely appreciation of Malibu Real Estate for sale- "Sales are rising. Inventory is dropping. Already, there is the hint of prices inching upward. The trends are clear. If these conditions continue, 2013 should see a five percent increase in housing sales in Malibu as total housing sales exceed 200 for the year."
 
Malibu Real Estate Prices Poised to Appreciate
 
http://www.malibutimes.com/articles/2012/10/03/news/news3.txt
posted: October 10, 2012
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Malibu Real Estate Prices Poised to Appreciate

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By Rick Wallace / The Malibu Times
Published Wednesday, October 3, 2012
 
Sales are rising.  Inventory is dropping.  Already, there is the hint of prices inching upward.  The trends are clear.  If these conditions continue, 2013 should see a five percent increase in housing sales in Malibu as total housing sales exceed 200 for the year.
 
First, a quick primer.  When a home sells in Malibu, it may seem like an isolated incidence of negotiation between a seller and buyer, but the deal actually fits into a bigger picture. The sale price is subject to the heavy hidden forces of supply and demand. There may be many factors affecting supply (such as many financially troubled owners needing to sell) or demand (such as low interest rates encouraging motivation). But in the big picture, prices fit nicely within the margins of supply and demand.
 
Those forces can be measured, and particularly over the long term, by simply tracking the number of homes sold and homes that are for sale.  Homes sold demonstrate demand that is fulfilled with completed purchases.  Homes for sale is the inventory, the measurement of supply.
 
The above chart provides a comprehensive history of Malibu home sales since 1997.  It describes the change in the median price each year.  More so, the relationship between homes sold and homes for sale shows how prices must adjust to the circumstances of the marketplace at the time.
 
As demonstrated in the chart, the price of a home in Malibu has gone up every year since 1997, except for 2001, and then the last three years.  The five percent increase for 2012 is a projected increase based on nine months activity.  The median price went up 37 percent in 1999 alone, and over 30 percent in 2004.  It dropped 26 percent in the collapse year of 2009.
 
The solid line represents homes for sale, each time with September as a base number.  The inventory of homes for sale goes down steadily from summer to winter and then back up again, maximizing in summer months.  The September line in this chart is representative of year-to-year trends.  Note that coming out of the doldrums of the 1991-1996 real estate market, more than 300 homes were for sale.  That tally dropped steadily (other than the anomaly year of 2001) until only 128 homes were for sale in September 2005.  Then the market changed and the inventory rose to a new height last year, at 282 homes.  This year, the inventory is down markedly to about 230.
 
The number of actual sales in Malibu (the dotted line) has shown dramatic changes. As the market was recovering in 1997, sales ballooned above 300 every year (again, except in 2001), and did not fall below 300 until 2005.  Then the bottom really dropped out; 2006-2011 represented six years in a row of depressed real estate activity. This year, the 200 level will be topped, with sales projected to the 215 level, or thereabouts.
 
Obviously, prices adjust based on the tug-of-war of buyers and sellers competing and essentially bidding prices lower or higher. A short review of Malibu real estate history for the past 15 years:
 
As sales stayed above 300 after 2007, and as the inventory dropped steadily, price increases were guaranteed. It was just a matter of how much price increase. The 325 sales in 1998 brought a 37 percent increase in prices in 1999.
 
In 2000, with a staggering 353 homes selling and inventory down to 213, the only reason prices did not go up a lot more than 14 percent was because the market was already exhausted by 37 percent increases the year before.  That exhaustion further played out in 2001 (further paused by the 911 terrorist attacks shutting down business), as the sales dropped t0 246 and inventory rose to 237.
 
The incredible years of 2002-2006 will never be forgotten and there is good reason why. Sales levels were above 300 and inventory levels were increasingly below 200 levels. The market had no choice but to skyrocket. The average annual increase in prices during those years was 20 percent. That means that any buyer who put down 20 percent to buy a house in Malibu doubled their money in one year, and each year after.
 
In 2006, however, doom was clearly on display. When the inventory leaped to 206, and sales dropped to 182, the market had its last wind with a 14 percent price increase, but the sails had come down and there was no valid hope of much more price appreciation based on the trends. In 2007-2008, prices inched upward only to the shoulders of a relatively mild inventory levels. Had the hardship cases and distress factors kicked in for Malibu they already were around the state and country, inventory levels would have risen faster and prices would have dropped quicker. Malibu had a two-year reprieve. But the writing was on the wall in bold print.
 
As sales dropped to 117 in 2009 and 111 in 2010, while inventory levels rose, the huge drop in prices was inevitable. (While many sellers would not listen, Malibu did not get a special pass from fundamental economic conditions that had otherwise made a lot of those sellers rich in years earlier.)
 
Inventory levels close to 300, and sales struggling to top 150 the past few years? It has not been so much doom saying in the news as much as simply doom reporting. Prices have had no choice but to go down. A price, after all, is the end result of market forces.
 
Which brings us to now. As mentioned before, the conditions are ripe. Sales are increasing, inventory is dropping, prices are inching higher.
 
Next year may bring a reversal of those trends, or any anomaly year such as 2001, or even a lag in reaction time with prices, as we have seen. Possibly interest rates will rise, for example, causing less demand and fewer sales. But if inventory continues to drop and sales numbers continue to increase, whatever the reasons, Malibu will absolutely have higher prices, all things being equal.
 
These statistics apply to single family homes of 1-4 units in the 90265 ZIP code, based on information culled from the multiple listing service and several other sources each year. Condominiums, mobile homes, and homes outside the Malibu ZIP code are excluded, though they would surely show a similar result.
 
Finally, it should be noted that the average annual increase in prices the last 16 years in Malibu has been 8.7 percent. The average annual number of sales has been 243. The average inventory (using September) has been 226. It is fair to say, in theory, that any year that sales hit 243 and the September inventory is 226, prices will rise about 9 percent. Extrapolating in any other year off those numbers can give an investor a good idea how prices will likely change–in advance!
 
Rich Wallace has been a Realtor in Malibu for 25 years.
posted: November 5, 2012
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Malibu Luxury Real Estate Offers Digital Ink

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Malibu Luxury Real Estate now offers clients a quicker and better solution to obtaining signatures on paperwork called Digital Ink. Digital Ink allows customers to digitally sign documents, revolutionizing the customer experience and getting rid of tedious paperwork. Digital Ink has a user friendly interface, making it easy and straight forward for customers to understand and quickly sign documents. Malibu Luxury Real Estate prides itself on staying up to date with current trends including technology. By using Digital Ink, Malibu Luxury Real Estate ensures that your real estate experience will be quick, easy, and secure. posted: July 19, 2012
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Malibu Luxury Real Estate Home of the Week

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Malibu Beach House for Sale located at: 31839 Sea Level Dr. Malibu Luxury Real Estate visited this beautiful contemporary style Malibu luxury home for sale. This Malibu beach house measures a little over 4,700 sq. feet and has Malibu Oceanfront Property views. This Malibu home for sale boasts four bedrooms and three and a half bathrooms on four levels in a private gated oceanfront Malibu estate. This Malibu beach house for sale is just steps from a secluded Malibu beach. An incredible game room is found on the ground floor of this Malibu house for sale and an all glass elevator makes this Malibu home unique and very desirable. This Malibu beach home is listed for $3.695 million and and given the Malibu Oceanfront location and its natural pristine beauty of it makes it the Malibu Luxury Real Estate Home of the Week. For questions about this Malibu Beach House for Sale, or other Malibu Homes for Sale, please contact Malibu Real Estate Broker, Mitch Hagerman at 310-963-4358. Please also feel free to search Malibu Real Estate for Sale on www.MalibuLuxuryRealEstate.com ROOMS: Bonus, Breakfast Area, Dining, Living, Patio Open, Powder EQUIP: Alarm System, Built-Ins, Ceiling Fan, Dishwasher, Dryer, Elevator, Freezer, Garbage Disposal, Microwave, Network Wire, Range/Oven, Refrigerator, Trash Compactor, Washer AIR: Central HEAT: Central FLOOR: Carpet LAUNDRY: Inside,Room FIREPL: Living Room,Master Bedroom PARK: Attached, Garage VIEW TYPE: Ocean WATERFRONT: Beach Rights SEC: Community, Gated SEWER: Septic DISC: As Is SZONE: Coastal Commission posted: August 9, 2012
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Malibu Home for Sale: 6756 Dume Dr.

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Malibu Luxury Real Estate visited this 3 bedroom, 2 bath Malibu home for sale located at 6756 Dume Dr.  Originally listed at $1,899,000 this Contemporary Mediterranean Malibu home for sale is now listed at $1,795,000.
 
This Malibu home for sale comes with coveted beach keys for private access to Riviera III.

Upon entering the home, a beautiful kitchen is seen to your left, a stairway leading downstairs is found on your right and the main common area is found directly in front of you. The view from the main common area of this Malibu home for sale is incredible.  This Malibu home is lushly landscaped with breathtaking ocean views.

Downstairs in this Malibu home another smaller common area is found with multiple bedrooms including the master bedroom.  After spending some time in this Malibu home you realize that it is designed in a very "unique" way which could benefit with some minor design tweaks. One of the balconies has a water setup which would be ideal for either a spa or a another bathroom to be added.  The views of this Malibu home for sale also seem to be constricted. There is so much opportunity to open the house up more, getting rid of some walls and adding windows.

The location of this Malibu home for sale is perfect in Point Dume. It offers incredible views, but the Malibu home itself needs more work to show its true potential. We think that it is a great buy at its reduced price and once a little work is done it has a lot of potential and upside.
 
For questions about this Malibu home for sale, finding out what your Malibu home might be worth in today’s Malibu real estate marketplace or about interest in purchasing other Malibu homes for sale, please contact Malibu Luxury Real Estate Broker, Mitch Hagerman at 310-963-4358.

Please also feel free to search Malibu Real Estate for sale at www.MalibuLuxuryRealEstate.com
posted: September 21, 2012
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Malibu Luxury Real Estate 1st Quarter Rises!

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Malibu Luxury Real Estate reports on the key market data indicators for Malibu houses for sale closed in first quarter of 2012 versus the first quarter of 2013. Malibu Luxury Real Estate pulled all data from the MLS. The number of Malibu houses for sale which have closed in the first quarter of 2012 versus the number of Malibu houses for sale that have closed in the first quarter of 2013 is a testament to the Malibu real estate market recovering. 
 
Here are the relevant statistics: Number of Malibu houses for sale closed in first quarter of 2012: 51. Number of Malibu houses for sale closed in first quarter of 2013: 52. This represents an increase of 2% in the total number of houses for sale that closed in the first quarter of 2013 over the first quarter of 2012.
 
Average Days on the Market (DOM) for a Malibu house for sale to close in the first quarter of 2012: 192 Days. Average Days on the Market (DOM) for a Malibu house for sale to close in the first quarter of 2013: 152 Days. This represents a 26% decrease in the number of days it took for Malibu houses for sale to close in the first quarter of 2013 than it took for Malibu houses for sale to close in the first quarter of 2012. 
 
Average Price point achieved for Malibu houses for sale in first quarter of 2012: $1,600,000. Average Price point achieved for Malibu houses for sale in first quarter of 2013: $1,681,450. This represents an increase of 5% in the average price point achieved from all Malibu houses for sale from the first quarter of 2012 versus the first quarter of 2013 for Malibu houses closed. 
 
All of the above market data researched by Malibu Luxury Real Estate show a small recovery from the 2012 Malibu real estate market and are good signs of a healthier market for Malibu houses for sale achieving significantly more transactions, at a quicker turnover rate and at higher price points in the first quarter of 2013 versus the first quarter of 2012. For questions about buying or selling a Malibu house, please contact Malibu Luxury Real Estate Broker, Mitch Hagerman at (310)963-4358.

posted: April 25, 2013
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Malibu Luxury Real Estate: 2011 Q1 Malibu Houses for Sale Closed vs 2012 Q1 Malibu Houses for Sale Closed

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Malibu Luxury Real Estate has analyzed market data avaialble to it from the MLS to analyze Malibu Homes for Sale that closed escrow in Q1 2011 versus Malibu Homes for sale that closed escrow in Q1 of 2012. Please note Malibu Luxury Real Esate used data from Section 33 of the MLS so this is not Malibu beach real estate market data relating to Malibu Beach Houses for sale that closed in these time periods. This Malibu real estate market data is regarding Malibu Houses for Sale that are on the mountain side of PCH. For specific data on Malibu beach real estate relating to Malibu beach houses for sale that closed Q1 2011 versus Malibu Beach Houses for Sale that closed in Q1 2012 please see a previous blog post on Malibu Luxury Real Estate which focuses purely on Malibu Beach Houses for sale only. Q1 2011 Malibu Luxury Real Estate Research: The total Malibu houses for sale that closed escrow in the Q1 2011 Malibu real estate market were only 22 Malibu houses out of a significant pool of inventory of Malibu houses for sale. The average number of days Malibu houses for sale were on the Q1 2011 Malibu real estate market before the Malibu houses for sale closed escrow was a significant 214 days on the Malibu real estate market. Of all the Malibu houses for sale in Q1 2011, the Malibu houses for sale that sold and closed achieved an average sale price of $2.318m. Some of the Malibu luxury homes for sale sold in excess of $6 million even though not a Malibu beach house. Q1 2012 Malibu Luxury Real Estate Research: The total number of Malibu houses for sale on the Malibu real estate market that closed escrow in Q1 of 2012 was 38 Malibu houses sold. This represented an increase of 72.7% Malibu houses for sale that sold in Q1 2012 Malibu real estate market over Malibu houses for sale that sold in Q1 2011 Malibu real estate market. The average number of days on the Malibu real estate market in Q1 2012 for Malibu houses for sale going from listing to a close of escrow was 160 days versus 214 days in Q1 2011 Malibu real estate market. This represents a 25% faster turnover of Malibu houses for sale selling. The average price for a Malibu house for sale that closed escrow in the Q1 Malibu real estate market was $1.763 Million versus $2.318 Million in the Q1 2011 Malibu Real Estate market place. So what does all this data tell us? Malibu Luxury Real Estate believes the Malibu real estate market has bottomed and that savvy people in the know of the Malibu property market have re-entered the market place to scoop up under priced Malibu homes for sale while they are still priced at bargain pricing. This resulted in a lot more Malibu homes for sale closing (72.7% more), and the Malibu homes for sale selling in a shorter duration (25% faster). Why did the average Malibu home for sale drop in price from $2.318m to $1.763m. Malibu Luxury Real Estate has a couple theories about this. First, Malibu Luxury Real Estate believes that there was a glut of inventory of Malibu homes for sale in 2011 and with moderate demand for Malibu real estate for sale, desparate sellers dropped prices for their Malibu homes for sale driving the pricing achievable for Malibu homes for sale downward. Second, Malibu Luxury Real Estate believes that a significant amount of demand has been generated for Malibu homes for sale under $2 million by historically low interest rates which make the real cost of owning a Malibu house significantly less. Since most or at least many purchasers of Malibu luxury homes for sale in excess of $2 million are cash buyers for Malibu luxury homes, and since financing jumbo loans in excess of $2 million is both more difficult and in many instances less desirable or a hassle for "the 1%", the low cost financing for Malibu homes for sale that are less than $2 million has fueled demand for the lower priced Malibu homes for sale. Malibu Luxury Real Estate believes this is in part an explanation for the lower average Malibu home price. Malibu Luxury real estate believes it was dealing with a small sample of data (only 22 Malibu homes and 38 homes respectively ), and that a 25 reduction in the average price paid for a Malibu home for sale is not soley represented by a loss of value, but partially represented by the types of Malibu homes selling in Q1 2012 Malibu real estate market versus the Q1 2011 Malibu real estate market being lesser expensive and lesser valuable Malibu homes as Malibu homes for sale that are valued and priced at under $2 million are simply more easy to be financed and the historically low finance rates are driving up demand. To receive additional market updates like this from Malibu Luxury Real Estate please sign up to be on the Malibu Luxury Real Estate email list. For questions about the current Malibu real estate market, about what your Malibu luxury home might be worth in today's hot Malibu real estate market, or to find the best values in Malibu homes for sale, please contact Mitch Hagerman, Malibu real estate broker DRE#01897348. Mitch can be reached at 310-963-4358 or at Mitch@MalibuLuxuryRealEstate.com posted: June 29, 2012
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