Malibu, CA Real Estate News

By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Crumbs Bake Shop of Malibu, Beverly Hills, New York & Chicago Do you ever discover something or some place that has been in front of your eyes, but did not notice it before? Well yesterday we did that exactly. We were strolling in Malibu at the Cross Creek Mall. Had a great sandwich (food for another blog postJ) so we saw this sign to Crumbs Bakeshop, we wanted a cup of good coffee. I am not a big fan of the Chain Coffee shops so I am always on the search for small good coffee establishment. So with that my eyes were perked up when we saw this sign. Turns out it is a Cupcake Establishment and Coffee is just an Oh BTW we do that too. As we were there mesmerized by the huge selections and various size of Cupcakes needless to say we walked out with two Lattes and two Cupcakes. Turns out th...
Comments 11
By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
NEW LISTING Open Saturdays & Sundays   1812 Manzanita Park Ave. Malibu, CA 90265 • 3B/2B  • Short Sale  • Secluded Corner Lot • Hardwood Floors • $785,000 Property Website COMING SOON Open Sunday   26335 Lockwood Rd. Malibu, CA 90265 Santa Monica • 1B/1B • 2 Fireplaces • Tranquil Environment • $3,000/mth (Weekly Rates Available) •  Property Website  
Comments 0
By Dom Naidoo, Malibu to the Marina Real Estate
(Westside Properties)
Happy Thursday everyone! I hope you are surviving the week and ready for the weekend ahead.  I have been meeting with Bobby Lehmkuhl, Malibu Association of REALTORS President 2012, and the M.A.R. Education Committee members over the past few weeks regarding my participation and contribution to the Education Committee. Needless to say, I have accepted the honor of sitting the Chair for the Education Committee. I look forward to bringing my passion for technology and Real Estate education to my fellow REALTORS! We are looking forward to having the trainers from the Apple Corporation hold an iPad training later this month.  Brad Anderson, from Zillow and Activerain, will hopefully be gracing us with his technology insights in the next few months. Brad, I look forward to our conversation to...
Comments 1
By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
New home sales fell 2.2% in December to a seasonally adjusted annual rate of 307,000 units from a revised rate of 314,000 units in November. Compared to a year ago, new home sales are down 7.3%. On a year over year basis, pending home sales are up 5.6% and pending home sales, a forward-looking indicator based on signed contracts, fell 3.5% in December after a 7.3% increase in November. On a year-over-year basis, pending home sales are up 5.6%.  The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending January 20 fell 5%. Refinancing applications decreased 5.2%. Purchase volume fell 5.4%. Orders for durable goods, which are items expected to last three or more yearss, rose $6.2 billion or 3% to $214.5 billion in December. T...
Comments 0
By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
Dataquick stated that investors have pushed home sales in Southern California apx. 14% higher in December than November. The real estate research firm also reported that there were a total of 19,247 resale, new homes and condos sold in Southern California California area in December.  Demand grew for homes priced under $300,000. The fact that more lower-cost homes were sold during the period pushed the median Southern California sales price down to $270,000, compared to $275,000 a month earlier. The median home value in the area fell 46.5%, when compared to the medain price of $505,000 in mid-2007. The number of homes that sold for less than $200,000 rose 5.9% from a year earlier, while the number of transactions in the $300,000 to $800,000-price range dropped 10.7%. Sales above $800,00...
Comments 0
By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
Are you looking for Malibu or Topanga Real Estate?  View the list below for this Sunday's Malibu & Topanga open house list below. Open houses are Sundays from 1 - 4p. View all Malibu properties currently on the market at our Malibu Real Estate website. This site also lists the Malibu Short Sales and Malibu bank-owned properties currently on the market.     OPEN HOUSE INFORMATION: Residential Single Family Sunday - January 15, 2012Time: 1 - 4 PM Nelson Shelton & AssociatesMary Mehrnaz Tahbaz DRE:# 01063408310-395-4352MLS Number: 11-545467   30608 LA SONORA DR MALIBU 90265 4 bedrooms    3.00 bathrooms $1,399,000 ActiveListed On: 08/01/2011 VERY BRIGHT SECLUDED 4BEDRM+3BATH WITH MOUNTAIN VIEW, FRESH PAINT AND NEW CARPET, FAMILY ROOM OFF THE KITCHEN, LAUNDRY ROOM, LIV W/FIREPLACE,NICE YARD ...
Comments 0
By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
According to Fannie Mae economists, the housing sector is expectd to take steps forward in 2012, though total originatons will fall on fewer refinances.  They also say that the second half of the year should outpace the first 6 months, with relation to growth, and political uncertainty and fiscal policy in Washington is expected to drive consumer & business activity.   Chief Economist Doug Duncan said positive consumer activity and challenges in housing and the global economy will equate to moderate growth for the year. He stated that we're moving into 2012 with decent employment on the employment side which is resulting in positive consumer and household behaviors.  Total home sales were reported to increase about 3.5% to abouve 4.74 million in 2012 from 2011, and it's expected there w...
Comments 3
By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
    4 Malibu Notary Services Danielle Dutcher | Commission #1873145 23805 Stuart Ranch Rd., Ste 150 & 22967 Pacific Coast Highway  Malibu, CA 90265 O 310.456.3655  |  F 310.218.2117  |   NotaryPublic@4Malibu.com     • $10  per Notarized Signature • REQUIRED: Current/Unexpired Government Issued Identification • Appointments not required, but are encouraged     Mobile Notary Public & Certified Loan Signing Services • Services are provided 7 days a week to the businesses and residents of Malibu. • Off- hours, call 310.773.7556 or email NotaryPublic@4Malibu.com. • Travel fees do apply.     Disclaimer: A Notary Public is not a lawyer, and by law cannot answer any questions you may have about your document(s). Please be sure to contact your lawyer or the individual who provided you with your...
Comments 0
By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
MLS #12-574001 20152 Pacific Coast Highway, Malibu, Ca 90265 For Sale - $2,495,000 Awesome ocean front duplex on 60' of Big Rock Beach. Both units have been extensively remodeled and are in move-in condition. The upper unit is 2 bedrooms and 2.5 baths with all major rooms on the water that open to a huge beach front terrace. Open kitchen to living room with stacked stone fireplace. The lower unit is a 2 bed 2 bath with all major rooms on the water. Big Master suite and sitting area. Large ocean front terrace. Open kitchen to living room with fireplace. Both units with separate private entrances and both have private retractable stairs to beach. 6 car uncovered on site parking. City of Malibu septic operating permit just obtained. Priced to sell quickly. Listed with Pritchett-Rapf - Jeff...
Comments 2
By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
The temporary property anti-flipping rule waiver has been extended through the end of 2012, by the Federal Housing Administration (FHA). The FHA rules prohibited insuring a mortgage on a home that the seller owned for less than ninety days. However, in 2010, the FHA waived this regulation and has extended it through the end of this year. Buyers will be able to continue to use FHA-insured financing to purchase bank-owned properties and HUD-owned with this extension. This waiver will help stabilize prices a revitalize communities with high foreclosure activity. According to the FHA’s Acting Commissioner, the waiver has strict guidelines and conditions which are implemented in order to prevent “predatory property flipping” in which properties are sold quickly at inflated prices.    Additio...
Comments 0
By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
You've heard it before.  Someone you know bought a house without a home inspection and got a big surprise.  Over 40 percent of the previously owned homes on the market have at least one serious defect.  Don't take over someone's problem.  Most "used" homes need some type of attention.  Be sure you are aware of any major problems in a house you are considering purchasing, and what it will take to correct or repair the situation.
 
Here are some of the more serious defects to watch out for: 1.Insect infestation -- termites, ants, etc. 2.Chimney settling or separation 3.Foundation cracks 4.Major house settlement 5.Cracked heater exchange 6.Failing air-conditioning 7.Hazards including lead paint, radon, water contamination, asbestos, and underground storage tanks 8.Moisture in the basement ...
Comments 2
By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
 OPEN HOUSE INFORMATION: Residential Single Family Sunday - January 08, 2012Time: 1 - 4 PM Nelson Shelton & AssociatesMary Mehrnaz Tahbaz DRE:# 01063408310-395-4352MLS Number: 11-545467   30608 LA SONORA DR MALIBU 90265 4 bedrooms    3.00 bathrooms $1,399,000 ActiveListed On: 08/01/2011 VERY BRIGHT SECLUDED 4BEDRM+3BATH WITH MOUNTAIN VIEW, FRESH PAINT AND NEW CARPET, FAMILY ROOM OFF THE KITCHEN, LAUNDRY ROOM, LIV W/FIREPLACE,NICE YARD ROOM FOR POOL,VERY CLOSE TO SCHOOLS, BEACH AND PRIVATE CLUB,EASY TO SHOW, FOR LEASE $6250 PER MONTH, SELLER WILL CONSIDER LEASE OPTION  OPEN HOUSE INFORMATION: Residential Lease Sunday - January 08, 2012Time: 1 - 4 PM Nelson Shelton & AssociatesMary Mehrnaz Tahbaz DRE:# 01063408310-395-4352MLS Number: 11-545473   30608 LA SONORA DR MALIBU 90265 4 bedrooms...
Comments 0
By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
The Malibu Association of REALTORS hosted an evening at Duke's Malibu last month to install its 2012 Board of Directors and acknowledge the accomplishments of members over the past year. 2011 President Dan Ross was awarded "Realtor of the Year" for his dedication and accomplishments over the past year, then passed the gavel to incoming President Bobby Lehmkuhl.  Lehmkuhl currently serves on the Board of Directors of the California Association of REALTORS and the Combined L.A. Westside Multiple Listing Service. In his acceptance speech, Lehmkuhl thanked his mentors, friends and supporters. He credited his drive and ambition to having spent his formative years as part of the Malibu community. Lehmkuhl's first job in real estate was with Realtor, mentor and friend Chris Cortazzo, who was a...
Comments 0
By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
The best reading on pending homes sales since a federal home buying tax credit expired appeared to encourage traders on Wall Street. In November, the number of Americans who signed contracts to buy homes rose to the highest level in a year and a half. 

With the index of sales, a reading of 100 is considered to be healthy. The Realtors group said Thursday that its index of sales agreements jumped 7.3 percent last month to a reading of 100.1. The last time the index was that high was in April 2010, one month before the tax credit expired. 

 There's generally a one- to two-month lag between a signed contract and a completed deal. 

Contract signings usually indicate where the housing market is headed. Homes are the most affordable they've been in decades. Prices in most metro areas have ...
Comments 0
By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
Refrigerator/freezer Energy-efficiency experts tell us to focus our efforts on the biggest energy hogs in the house, and that definitely includes the fridge. Because it cycles on and off all day, every day, the refrigerator consumes more electricity than nearly every appliance in the home save for the HVAC systems. The average refrigerator costs about $90 per year to operate, according to the U.S. Department of Energy. The good news is that a few simple adjustments can trim roughly $38 to $45 off those utility bills. 1. Adjust the thermostat. By setting the thermostat colder than it needs to be, you might increase your fridge's energy consumption by as much as 25% on average. Adjust the refrigerator so that it stays in the 37-40 degrees F range. For the freezer, shoot for between 0-5 de...
Comments 4
By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
The nation's average mortgage interest rates are finishing 2011 near all-time historic lows, helping to keep homebuyer affordability high. The Freddie Mac  mortgage market survey showed the 30-year, fixed-rate mortgage averaged 3.95% for the week ending Thursday, up from the prior week's average of 3.91%. Last year at this time, the 30-year FRM averaged 4.86%. This week's 15-year FRM, a popular refinancing choice, averaged 3.24%, up from last week when it averaged 3.21%.A year ago, the average rate for a 15-year FRM was 4.2%. Five-year, Treasury-indexed hybrid adjustable-rate mortgages averaged 2.88% this week, up slightly from 2.85% the prior week and lower than 3.77% a year earlier. And one-year Treasury-indexed ARMs averaged 2.78%, barely rising from last week when it averaged 2.77% ...
Comments 2
By Arete Estates Luxury Real Estate, All About LA Luxury Real Estate
(Arete Estates)
The 10 Deadly Mistakes You Can Make in Selling your Home Here's some helpful tips from other sellers who have already gone through the process. 1. Buying a replacement home before selling the old one. The temptation may be great to buy a replacement home first.  That way you'll know where you are going and how much you'll be paying.  And you don't have to worry about being left out in the cold with nowhere to go if your home sells quickly. However, the financial risks of buying first are great.  It's far better to sell your current home first and endure the inconvenience of moving to an interim rental -- which rarely happens -- than it is to end up owning and paying for two homes when you only want one. 2.  Basing the list price of your home on the price you would like to get rather th...
Comments 0
By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
A home energy audit will pinpoint areas and suggest the most effective measures for cutting your energy costs.  You can conduct a simple home energy audit yourself, you can contact your local utility, or you can call an independent energy auditor for a more comprehensive examination.  (Many utilities conduct energy audits for free or for a small charge.)  The first step to taking a whole house energy efficiency approach is to find out which parts of your house use the most energy. Check out the two charts.  On the left, you will see the categories and percentages of energy loss due to insulation weaknesses in the typical home. On the right is the percentage and type of energy consumed in the typical home. For do-it-yourselfer's, here are some tips. Check the insulation levels in your at...
Comments 0
By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
Are you looking to buy or lease a home? Or maybe you just want to see what's out there. There are several open houses taking place this weekend in Malibu and Topanga. For information on the open houses, including details about the homes and vacant properties as well as the schedule, go to the 4 Malibu Real Estate Partners weekend open house page.  View all Malibu homes for sale.   
Comments 2
By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
Check your condo rules before you put up that menorah or Santa decoration, or you might find yourself taking your holiday decorations down a lot sooner than you planned.   I want to flout condo rules and put up holiday decorations despite an HOA rule banning them. What’s going to happen to me? Option 1: Nothing may happen because the HOA rules aren’t enforced. Option 2: You might get a letter asking you to take down your decor. Option 3: You might get fined for breaking condo rules. Constructive ways to balance your need to deck the halls with condo rules that ban decorations:Talk to your neighbors. If it’s your first holiday in your new home, check with your neighbors to find out what's really allowed. Condos that ban lights and signage most of the year may ignore illegal decorations d...
Comments 0