63 Single Family Homes closed escrow in Pacific Palisades, California from October 1, 2011 to December 31, 2011. The average days on market for this period is 60 days from the properties listed. The average sales price is 95.66% to the list price.
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63 Single Family Homes Sold in Pacific Palisades, California from October 1, 2011 to December 31, 2011
Also posted in Judy Kunisaki, Pacific Palisades Tagged Home Sales, Winter Sales in 2011 - Pacific palisades Leave a comment
53 Single Family Homes Sold in Calabasas, California from October 31, 2011 to December 31, 2011
53 Single Family Homes closed escrow in Calabasas, California from October 31, 2011 to December 31, 2011. The average days on the market is 101 days [until the property went to contract on the last listing]. The average sales price is 94.65% of the last list price.
Also posted in Calabasas, Judy Kunisaki Tagged Calabasas Homes Sales, Winter Sale in 2011 for Calabasas California Leave a comment
36 Single Family Homes Sold in Malibu, California on the Land Side from October 1, 2011 to December 31, 2011
36 Single Family Homes closed escrow in Malibu, California on the Land portion from October 1, 2011 to December 31, 2011. On average, these properties were on the market for 157 days [until the properties went under contract]. The average sales price was 88.82% of the last listed price.
Also posted in Judy Kunisaki, Luxury Homes, Malibu Tagged Luxury Real Estate, Malibu Land Home Sales, Winter 2011 Sale in Malibu California Leave a comment
4 Single Family Home Sales in Malibu, California from October 1, 2011 to December 31, 2011
According to the Combined Los Angeles Westside Multiple Listing Service Data – 4 homes closed escrow, average sold price is 84.46% to the last list price, average days on market is 83 days for the Malibu Beach Front area in Malibu, California.
BiPartisan Senate Bill introduced – to encourage qualified foreign buyers to purchase homes in the United States
The new bill -VISIT-USA Act proposes changes to the visa policies that encourages foreign buyers who are able to afford a home here and also assist in obtain VISA. There are restrictions but this article covers the main points so it should be read in its entirety. It is short and direct to the point.
Also posted in Malibu Mortgage and Finance, Real Estate Tagged Foreign Buyers, VISIT-USA Act Comments closed
New York Times relevant mortgage news article named “Triggers for Rejection”
New York Times article on 10/06/2011 – notes 6 key areas that triggers loan rejections — 1) insufficient income 2) cloudy financial picture 3) bad credit 4) low appraisal 5) property problems 6) information mix-ups.
56 Single Family Home Sales on the Land portion in Malibu, California from June 1, 2011 to September 30, 2011
56 single family homes sold on the land portion in Malibu, California – for the period June 1, 2011 to September 30, 2011 — what a fantastic summer. Overall, some bargains were picked up — final price reductions ranged from $69,000 to $5,000,000 at the end tally. Interesting surprises as there were 2 homes that sold above the initial asking price that ranged from $100,000 to $600,000 above the initial price–signs that multiple offers were taking place.
Now is a good time to be pre-approved for a loan and pick up the bargains. If the homes are priced right, properties sell and sometimes the price is even driven up by the buyer competition. Call me!
Also posted in Malibu, Malibu Sales on the Land Side Tagged 2011 Summer Malibu Sales, Malibu Land Side Sales Comments closed
Malibu California Beach Front Home Sales from June 1, 2011 to September 30, 2011
11 single family homes sold in Malibu, California during June 1, 2011 to September 30, 2011. This analysis is focused mainly on pricing – including the difference between final sold price and the original list price — I have summarized it as the final price reduction.
Also posted in Beach front real estate in Malibu, Luxury Homes Tagged Beachfront Property, Malibu single, Summer 2011 Malibu Beachfront home sales Comments closed
Housing is still impacted by tighter lending practices – it impacts buyers moving to high end homes too such as Malibu, CA;Beverly Hills, CA, etc.
Wall Street Journal on June 25, 2011 notes that the tight lending practice is crimping the housing industry. They have denied 26.8% of loan applications in 2010 (higher in 2010) than in 2009 – 23.5%. This practice impacts all pricing strata including the upper end, not just the conforming loans.
Also posted in Calabasas, Judy Kunisaki, Malibu Tagged finance - malibu, lending obstacles, self employed borrower, tight loan practice Comments closed
Review of the WSJ – “Why It’s Time To Buy”
Wall Street Journal on June 4, 2011 wrote the article “Why It’s Time to Buy” – some of the gems include rent versus buy depends on the market, financing is still available though tightening for nontraditional loans and buyers are motivated by attractive pricing, low interest rates and desire to take the next step in their lives.
Also posted in community, Judy Kunisaki, Luxury Homes, Malibu Mortgage and Finance Tagged Home Purchase, Mortgage Rates, US Economy Comments closed
