Malibu, CA Real Estate News

By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
This Week in 4 Malibu Real Estate  September 18, 2013 Featured Stories Malibu Weekly Sales August Sales Hit High Quick Links Leasing Dept. Property Mgmt.  Malibu Market Stats  Press  Blog   4 Malibu Real Estate Partners 22775 Pacific Coast Highway Malibu, CA 90265 O: 310.456.3655 | F: 310.218.2117 | Info@4Malibu.com www.4Malibu.com  Company Listings | Company Sales     4 Malibu Blog   Malibu's Broad Beach Homes for Sale   Homebuyers View Rising Rates as a Barrier toHomeownership 4 Malibu Launches FREEMobile Real Estate App     Malibu Weekly Sales & Leases | 9/9 - 9/17/13 For those interested in what's going on in the Malibu real estate market, here are the Malibu properties that have leased or sold this past week. There were 4 residential single-family sales, all on the landside. Parad...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  As reported in the Los Angeles Times, by Andrew Khouri, there was a three month supply of existing homes for sale in July in the Los Angeles metropolitan area, as reported by the California Association of Realtors. “Normal” supply is considered to be six to seven months. Home values went up sharply this year, due in part to the improving economy and historically low interest rates. But inventory has been low and those homebuyers faced a lot of competition from all-cash investors. However, mortgage rates have been increasing and affecting would-be homebuyers, as the affordability index goes up. August saw an increase of supply in Los Angeles County, according to Realtor.com, and sales hit a seven year high for the month. As more homes come on the market, we should start see the easing ...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
This Week in 4 Malibu Real Estate  September 11, 2013 Featured Stories Malibu Weekly Sales Malibu Land for Sale Quick Links Leasing Dept. Property Mgmt.  Malibu Market Stats  Press  Blog   4 Malibu Real Estate Partners 22775 Pacific Coast Highway Malibu, CA 90265 O: 310.456.3655 | F: 310.218.2117 | Info@4Malibu.com www.4Malibu.com  Company Listings | Company Sales     4 Malibu Blog   Pepperdine University's9/11 Commemoration    Tunnel Project to Close Malibu Canyon Tunnel 4 Malibu Real Estate  Sales | September 2013  (so far...)     Malibu Weekly Sales & Leases | 9/3 - 9/9/13 For those interested in what's going on in the Malibu real estate market, here are the Malibu properties that have leased or sold this past week. According the the CLAW MLS, there were 6 single family homes that s...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  This past week was a good one for 4 Malibu Real Estate Partners. Friday saw two Malibu closings and today a home in Santa Monica closed. Friday’s Malibu homes sales were both listed with 4 Malibu Real Estate Partners. Both homes are located in highly desired communities, Malibu Country Estates and Pt. Dume. The home in Malibu Country Estates, at 24749 Vantage Point Terrace, Malibu, has Spectacular Ocean and city light views and is situated at the end of a cul-de-sac, adjacent to Pepperdine University. Living here affords you the option to join Pepperdine University’s Crest Club, allowing you use of it’s world-class facilities, such as the gym, pool, track & tennis courts. The family room opens to front patio and to the backyard. There are high, wood-beamed ceilings in living and dinin...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  For those interested in what’s going on in the Malibu real estate market, here are the Malibu properties that have leased or sold this past week. Only three single-family residences sold and eight properties leased out. Two of those sales were Malibu beach homes; one on Latigo Shore and the other farther up off of Broad Beach on Sea Level Drive. 26524 Latigo Shore Dr., was listed at $7,800,000 and closed at $7,140,000. It’s a 4 bedroom, 4.5 bathroom contemporary beach home, situated on approximately 61’ of beach frontage. Additional standout features include a game room, beachfront spa and a bar on every floor. 31633 Sea Level Dr. was listed at $5,595,000 and closed at $5,350,000. It’s located on an exclusive, gated street on one of the most beautiful beaches in Malibu. It has oversiz...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
Malibu Market Stats                             YTD as of September 3, 2013     Active Pending MTD/Sold YTD/Sold (Beach/Landside) Homes 249 48 14 152 (29/123) MMH 23 4 2 31 (0/31) Condos 22 11 9 44 (13/31) Land 178 18 7 28 (4/24) Leases 208 5 28 307 (110/197) Income 2 0 0 1
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  If you’re looking for a Malibu rental, Bobby Lehmkuhl just listed this La Costa gem. It has spectacular ocean, whitewater, Pt. Dume views! Enjoy the views through the floor to ceiling windows in both the living room and master bedroom.  If you need space, there are 2 storage closets and a huge, customized walk-in closet in the master bedroom. There is a powder room on the first floor and both the upstairs guest bedroom and master have separate showers and bathtubs.   The close-in location makes it super convenient to get to Santa Monica. Walk to the beach, restaurants and shops. Click here to view additional photos/info. MLS #13-700541 21323 Rambla Vista #2, Malibu, CA 90265 2B/2.5B Offered at $5,900/mth.  Listed with: Bobby Lehmkuhl | 4 Malibu Real Estate Partners Mobile: 310.365.769...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
This Week in 4 Malibu Real Estate  August 28, 2013 Featured Stories Freddie Mac Jumps Things to Do at Work Quick Links Leasing Dept. Property Mgmt.  Malibu Market Stats  Press  Blog   4 Malibu Real Estate Partners 22775 Pacific Coast Highway Malibu, CA 90265 O: 310.456.3655 | F: 310.218.2117 | Info@4Malibu.com www.4Malibu.com  Company Listings | Company Sales     4 Malibu Blog   Malibu Sales & Leases  Update | 8/18 - 8/26/13   4 Malibu Property  Management Services 3 Malibu Lease Opportunities | Ultimate Beach Living   Freddie Mac 30-Year Mortgage Jumps Highest in 2 Years Freddie Mac reported that mortgage rates are at the highest they've been in two years. Thirty- year home loans are being offered at an average of 4.58%, which is up from last week's average of 4.4%. This is the highes...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  Malibu Condos/Townhomes Sales Only two Malibu condos sold this past week. One unit in Malibu Canyon Village (23901 Civic Center Way #379), that was listed at $499,000 just closed for $478,000.  The 3B/2.5B unit at the Pointe(6477 Zuma View Pl. # 125) was listed at $889,000 and closed at $865,000. Malibu Leases Seven properties leased out. A 2B/2B unit at 18147 Coastline Dr. leased for $3,550. Three of the properties leased out at their asking price. The Malibu Canyon Village 2B/2B unit leased at its full asking price of $2,850. A 2B/2B in Villa Malibu leased out at its full asking price of $3,750. One 2B/2B unit in Malibu’s Outrigger leased out for $10,000. Three single family residences leased out; 6122 Tapia Drive off of Trancas Canyon leased out for a substantial discount at $4,000...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  Do you have a morning routine? Did you know that the first few hours of your workday have a significant effect on your level of productivity for the day? Eat a proper breakfast. This will help you have the mental energy needed to last throughout the day and deal with everything thrown your way. It will also help you stay more physically fit. Arrive on time. Although this may be obvious to most, not everyone gets it. If you arrive late, your entire day can be thrown off. If you arrive on time, you will feel a better sense of accomplishment. Take a deep breath. Many people deal with stressful stuff at home, prior to leaving for work. Then many face a horrendous commute and then they have to dive right into work stuff. Slowing down and taking a deep breath can help. Make this a part of y...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
If you’re looking for a great Malibu rental, 4 Malibu Real Estate Partners has three very distinct, different opportunities. For those looking for a furnished Malibu rental, there’s a great ocean view unit in the Malibu Villas. Pepperdine students are welcome! You’re just a few minute walk to Paradise Cove. The Malibu Villa complex offers a pool, spa and community clubhouse. Just pack your clothes and a toothbrush. Everything else you need is already here. Offered at $3600/mth and listed by Tamara Ravsten. Click here to view additional photos/info. 28386 Rey De Copas Ln., Malibu, CA 90265 MLS #13-693237 For those wanting to live in a house, versus a Malibu condominium complex, 505 Thrift Rd. may be the perfect fit. Conveniently located, you’re just minutes to Malibu beaches or the 101 f...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  Freddie Mac reported that mortgage rates are at the highest they’ve been in two years. Thirty- year home loans are being offered at an average of 4.58%, which is up from last week’s average of 4.4%. This is the highest rate Freddie Mac has reported in over two years. The popular alternative to a thirty-year fixed loan, the fifteen-year fixed loan, was also up to 3.6%, from last week’s 3.44% and last year’s 2.89%. These rate jumps have had their impacts. Wells Fargo, the number one mortgage lender, is cutting nearly 2,300 of it’s employees within the next two months blaming it on that fact that there is way less demand for refinancing, as compared to last year. Also, there are fewer foreclosures and delinquencies than last year. A Wells Fargo representative said the layoff impact in th...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  This Week in 4 Malibu Real Estate  August 21, 2013 Featured Stories LA Housing Market Tiny Houses Quick Links Leasing Dept. Property Mgmt.  Malibu Market Stats  Press  Blog   4 Malibu Real Estate Partners 22775 Pacific Coast Highway Malibu, CA 90265 O: 310.456.3655 | F: 310.218.2117 | Info@4Malibu.com www.4Malibu.com  Company Listings | Company Sales     4 Malibu Blog   Malibu's Super Yacht  Weekend with the Luna & Invictus July's Southland Home Prices Stay the Same as  June's, but Sales Increased Just Listed by Bobby  Lehmkuhl Malibu Ocean View Town Home   Los Angeles County entering new housing market cycle As reported on the Herald Online, Redfin's Local Insights report as summarized below is based on stats compiled from the Multiple Listing Service, agent interviews, and public s...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
As reported on the Herald Online, Redfin’s Local Insights report as summarized below is based on stats compiled from the Multiple Listing Service, agent interviews, and public sales record data. The report states that Los Angeles real estate is moving towards becoming a more balanced market, and in this transition, it is moving away from a intense seller’s market.  Median sales prices between June 2013 and July 2013 rose nearly 26% due to low inventory and increased demand, which resulted in bidding wars. The Los Angeles real estate market has been inundated with foreign buyers, investors, flippers and first-time home buyers since last year, mid-year, due in part to low mortgage rates and rising home prices. Although this frenzied buying pace has begun to slow down, Los Angeles County r...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
      DataQuick reported that Southern California’s July home prices remained flat, as compared to June as interest rates rose and more houses went on sale. The six county region median sales price was $385,000 for both June and July. The median price is over 25% higher as compared to last year in July. Many are questioning how long these home price gains will continue. Prices have risen quickly this year in part due by an improving economy, investor demand and low inventory. Buyers purchased a reported 25,419 new and resale single family and condominiums. John Walsh, the President of DataQuick believes the increase in activity is due to the rising inventory of homes for sale. Economists believe that price increases will begin to moderate as more owners put their homes on the market and...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  As reported in the LA Times last month, a report released by global real estate firm, CB Richard Ellis stated that the Chinese will be spending billions of dollars on U. S. real estate within the next few years. Realtor.org reported China as being the top three foreign buyers in real estate. The top three countries of choice for these Chinese buyers are the United States, Canada and Australia. Particular cities of choice where they are on quite the spending spree in the high-end market are New York, San Francisco and Los Angles. According to the Chinese real estate website Juwai.com, in 2011, Chinese buyers bought over $10 billion of U.S. real estate and they account for 9% of foreign U.S. house buyers. These Chinese investors see real estate in the United Stats as a big bargain, due ...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  We’ve all seen some seen some pretty bad paint jobs on houses before, but this one is raising a lot of negative attention. One homeowner in East Hampton, N.Y., greatly upset his neighbors when he posted a sign outside his house stating; “Help paint a starving artists house. Throw a pint.” His whole house, even the windows and doors are now covered with splashes of paint. One angered neighborhood told the East Hampton Patch that it degrades the whole neighborhood and everyone’s property value goes down. He asked, “Why would you buy a house next to him?” The homeowner was issued notices of violation by town officials over the state of his property months back. The homeowner did not respond and he is not required to go to court. This is not the first time this particular homeowner has ha...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  According to California Home & Style blog, the top five California Beach Escapes are Cayucos, Santa Barbara, Sonoma Coast-Bodega Bay, Coronado Island and last, but not least, Malibu. Santa Barbara, a.k.a. the “American Riviera” is about one hundred miles north of Los Angeles. Some of Santa Barbara’s best know beaches areEl Capitan Beach and State Park, Goleta Beach, Leadbetter Beach and Hendry’s Beach, to name a few. Santa Barbara is also famous for its outdoor recreation, wineries, dining and restaurants. (Photo courtesty of Flikr.com) Cayucos, the coastal town located halfway between Los Angeles and San Francisco is known as one of the “last California beach towns.” It remains relatively untouched by major development and continues to hold its small town charm with its boutique stor...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  As reported on the LA Weekly blog by Dennis Romero, Los Angeles real estate today is mirroring the market in 2006. All cash offers, investors flipping properties, multiple offers, over-asking offers… Real estate broker Red fin says things cooled off in May this year, slightly. It was reported that Los Angeles real estate showed just over 86.1% of listings had competitive bids in May versus April’s 86.2%. What does that mean? 8 to 10 listings are seeing multiple offers. Los Angeles was only beat out by San Francisco. Orange County came in third, followed by San Diego. Los Angeles and Orange Counties faced competition on more than 8 out of 10 offers. Los Angeles real estate competition saw just a .1% drop from April to May in the rate of offers met by other bidders.
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
The 5 Hottest LA Real Estate Neighborhoods Los Angeles County real estate has been on fire. Experts are saying that economic recovery does not even come close to explaining the ridiculous levels of interest in home buying. Cash is king and bidding wars are common. Many will be surprised to learn that some of the hottest areas with some of the highest price increases do not include a Malibu 90265 zip code or a Beverly Hills 90210 zip code.  According to a report by Redfin, the five hottest Los Angeles real estate neighborhoods just so happen to be inner city communities. From June 2012 to June 2013, these areas reported the highest increases per square foot. Check out their top five listed cities. Top Los Angeles Real Estate City #5 – Mid-Wilshire The median price per square foot is $551...
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