Malibu, CA Real Estate News

By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  This past week in Malibu sales were up. 5 single family homes sold; 1 was on the beachside. 2 condos sold; both on the landside. 2 manufactured mobile homes sold and 1 landside piece of land sold.  Leases were up from last week, with 5 on the landside and 1 on the beach. The following are the Malibu residential single-family homes sales for the past week. 32852 Pacific Coast Hwy. has 4B/4.5B, is apx. 5,353 sq. ft. on an apx. 35,263 sq. ft. lot, and was listed for $18,995,000 and sold for $14,700,000, $4,295,000 less than asking. It was on the market for a consecutive 790 days. This was an architectural home and had an infinity pool & spa and amazing views. 23854 Malibu Crest Dr., located in the Malibu Knolls neighborhood, has 3B/3.5B, is apx. 3,500 sq. ft. on an apx 48,204 sq. ft. lot...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  If you’re a homebuyer searching for a home in a hot location, such as Los Angeles, (which was recently listed in an article on FoxBusiness.com as one of the top 10 luxury markets for flipping), inventory has dropped drastically over the last year, according to the National Association of Realtors. Finding a home can be challenging. Depending on where you’re looking, you need to be prepared to compete in this hot market. Since homes in certain areas are flying off the shelves, make sure you’ve crossed all your t’s and dotted all your i’s, such as getting pre-approved for your mortgage before even looking at homes. There are many different strategies to help you be ahead of the curve and secure the home of your dreams. Pocket listings, which are homes that are not listed in the multiple...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  The National Association of Realtors recently released data showing U.S. home sales at their highest since February 2007. In the US, the supply remains low and the demand remains high. Also reported were steadily increasing property values, 9 consecutive months in “year-over-year figures.” Image courtesy of njaj at FreeDigitalPhotos.net What is the real estate market trend and activity in your area? Do you feel that the rising mortgage rates are hindering property sales? Experts say that many buyers are quicker to close deals due to fears that the mortgage rates will continue increasing. And we’re still seeing many multiple offer situations because of the low housing supply, so that in turn can make the prices to increase to unrealistic levels. In August, the average days on market fo...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  This past week in Malibu sales, there were only 2 landside residential single-family sales, which were down 3 from last week.  1 landside parcel of land sold and leases were up from last week, with 4 on the landside and 1 on the beach. The following are the Malibu residential single-family homes sales for the past week. 6712 Portshead Rd. has 7B/6B, is apx. 6,500 sq. ft. on an apx. 52,606 sq. ft. lot and was listed at $5,500,000 and sold for $5,150,000, $350,000 less than asking. It was on the market for 184 days. This is an ocean view compound that comes with the coveted Pt. Dume beach rights. It’s gated, with a guest house, pool, spa and tennis court.   26223 Ingleside Way, has 2B/1B, is apx. 948 sq. ft. on an apx. 6,085 sq. ft. lot, and was listed at $634,000 and sold for $625,000,...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  This past week in Malibu sales, there were 5 residential single-family sales, all on the landside.  One condo sold on the landside and there were 4 leases, 2 of which were on the beach. The following are the Malibu residential single-family homes sales for the past week. 22407 Carbon Mesa Rd. has 5B/5B, is apx. 5,200 sq. ft. on an apx. 89,300 sq. ft. lot and was listed at $6,595,000 and sold for $6,115,000, $480,000 less than asking. It was on the market for 176 days. This home has whitewater views and was completely redone a few years ago. It has seamless indoor/outdoor living. 28981 Cliffside Dr. has 3B/3B, is apx. 2,724 sq. ft. on an apx. 48,001 sq. ft. lot and was listed at $4,995,000 and sold for $4,500,000, $495,000 less than asking. It was on the market for 228 days. This ranch...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  At our recent Thursday 4 Malibu Real Estate Partners’networking mixer, we had three great sponsors, not to mention a great time. Nikita, Malibu’s latest and greatest Mediterranean-Italian restaurant, owned by Larry Ellison, provided superb appetizers, which were devoured minutes after hitting the tables.  A special thank you to Ashlee, Erin and Tracy who coordinated all the goods and spread from Nikita.        Our in-house preffered lender Max Byfuglin/Citibank provided lots of free swag as well as Kari Trostler with Portfolio Escrow. Kari also provided us with her homemade desserts, which were just as big of a hit as the Nikita appetizers!     Our 4 Malibu Private Events Lounge was full of great people who contribute great things to the Malibu community. A few mentions include, Meril...
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By Bobby LehmKuhl, Exceeding Every Clients Expectations. Every Time.
(4 Malibu Real Estate)
  Make repairs and get organized before marketing your home in any fashion.  This particular rule should apply whether you have already moved and your house is vacant or if you are still occupying the space. Liven up your house with fresh flowers and plants; however be careful not to overwhelm the space. Safely placed candles can also add to the ambience Play soft and soothing background music Bake Cookies to emit fragrances that trigger “homey” feelings, arrange bowls of potpourri, install air fresheners, or burn oils that release proven natural comfort aromas, like vanilla, apple or cinnamon. If appropriate, in colder months have a fire in the fireplace. Brighten up dark corners by turning lights on every room Keep window treatments and blinds open to provide unobstructed views. Leave...
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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 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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