Malibu and Coastal California Real Estate and News » Malibu

36 Single Family Homes Sold in Malibu, California on the Land Side from October 1, 2011 to December 31, 2011

kunisaki — Mon, 23 Jan 2012 23:45:57 +0000

36 Malibu Single Family Homes -Land Side – Winter Sale
October 1, 2011 to December 31, 2011

			Living	Sold	Sold	List	Initial
ADDRESS	Bedrm	Bath	SF size	Date	Price	Price	List Price
29500 Heathercliff RD #59	3	2	1750	11/17/2011	400,000	465,000	605,000
26312 FAIRSIDE RD	2	2	1300	12/31/2011	579,000	579,000	699,000
26322 FAIRSIDE RD	2	2	1648	10/4/2011	560,000	584,990	599,900
506 THRIFT RD	3	3	2649	12/14/2011	692,000	695,000	849,000
1735 MANZANITA PARK AVE	3	2	2256	10/6/2011	608,000	699,000	615,000
3560 LAS FLORES CANYON RD	2	2	1488	11/23/2011	795,000	799,900	1,144,700
6223 Frondosa Drive	5	3	2381	11/30/2011	902,699	850,000	850,000
1714 DECKER SCHOOL LN	1	1	1298	11/2/2011	867,027	895,000	895,000
3003 SEQUIT DR	4	3.5	2467	12/16/2011	851,000	899,000	949,000
32918 Calle De La Burrita	2	2	1568	11/22/2011	1,256,000	945,900	945,900
29051 PACIFIC COAST HWY #1/2	5	3	2448	11/18/2011	950,000	1,050,000	1,495,000
6320 VIA CATALDO ST	3	3.5	2549	11/1/2011	1,350,000	1,100,000	1,100,000
24750 W SADDLE PEAK RD	3	3	3233	12/2/2011	1,138,000	1,198,000	1,362,000
18277 WAKECREST DR	3	2	2027	10/26/2011	1,050,000	1,200,000	1,390,000
3600 LAS FLORES CANYON RD	3	3	1942	12/28/2011	1,175,000	1,299,000	1,499,000
29053 Pacific Coast Highway	5	4	3450	12/13/2011	1,200,000	1,375,000	1,375,000
6257 GAYTON PL	3	2	1798	11/2/2011	1,500,000	1,595,000	1,595,000
422 MOONRISE DR	4	5	4007	12/22/2011	1,585,000	1,695,000	1,695,000
5914 FLORIS HTS	4	3	2500	12/20/2011	1,413,545	1,695,000	2,230,000
29351 BLUEWATER RD	3	2	1550	12/30/2011	1,680,000	1,725,000	2,375,000
6363 SYCAMORE MEADOWS DR	4	3	2710	10/18/2011	1,700,000	1,955,000	2,299,900
21609 RAMBLA VIS	3	3	3310	11/22/2011	2,120,000	2,300,000	2,300,000
21452 PASEO PORTOLA	3	3	3359	12/12/2011	2,100,000	2,495,000	2,695,000
31209 PACIFIC COAST HWY	8	10	2802	12/29/2011	2,450,000	2,500,000	2,500,000
3900 RAMBLA ORIENTA	4	2.5	3430	12/7/2011	2,450,000	2,695,000	2,995,000
31663 BROAD BEACH RD	3	3.5	3800	12/22/2011	2,600,000	2,790,000	3,900,000
20247 PIEDRA CHICA RD	3	3	3278	12/1/2011	2,710,000	2,995,000	2,995,000
6218 RAMIREZ MESA DR	5	6	5873	12/28/2011	2,825,000	3,150,000	3,495,000
30441 MORNING VIEW DR	4	2.75	2012	10/11/2011	2,525,000	3,790,000	4,199,000
6737 Wildlife DR	4	2.5	2365	12/23/2011	3,575,000	3,850,000	4,150,000
6228 SYCAMORE MEADOWS DR	3	3.5	3066	10/25/2011	3,150,000	3,995,000	4,795,000
5959 Murphy WAY	6	6	5749	12/15/2011	3,900,000	4,150,000	4,150,000
6415 MEADOWS CT	6	8	9331	10/3/2011	3,900,000	4,499,000	5,999,000
23425 MALIBU COLONY RD	3	4	2477	12/5/2011	3,700,000	4,750,000	8,350,000
7064 FERNHILL DR	5	5	2145	10/13/2011	4,500,000	4,800,000	4,800,000
3270 SERRA RD	6	6	6500	12/15/2011	9,454,000	11,495,000	11,495,000

the information is from Combined LA/Westside MLS data

Average Days on Market [to contract] :			157	days

Average Sold Price/Average List Price:			88.82%

If you are interested in leasing, purchasing a property or selling a property in Malibu, Pacific Palisades, Calabasas or the surrounding Beverly Hills/southern California area then please contact Judy Kunisaki for professional real estate advice in the Westside Los Angeles area, on 310-317-8396 her online contact form on her website.

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Judy Kunisaki – CA DRE license 00963582

56 Single Family Home Sales on the Land portion in Malibu, California from June 1, 2011 to September 30, 2011

kunisaki — Sat, 08 Oct 2011 21:28:55 +0000

56 Malibu Single Family Homes – Land Side – Summer Sales
June 1, 2011 to September 30, 2011
			Living	Sold	Sold	List	Initial	Final Price
ADDRESS	Bedrm	Bath	SF size	Date	Price	Price	List Price	Reduction
3920 MALIBU VISTA DR	4	2	1943	9/30/2011	1,100,000	1,000,000	1,000,000	-100,000
6210 OCEAN BREEZE DR	5	7	6500	9/30/2011	4,500,000	4,999,000	5,450,000	950,000
6614 DUME DR	3	2.5	2300	9/29/2011	2,400,000	2,550,000	2,875,000	475,000
12440 YELLOW HILL RD	3	2	2313	9/28/2011	3,500,000	4,250,000	4,250,000	750,000
23814 MALIBU CREST DR	6	6.5	5289	9/23/2011	4,300,000	4,998,500	4,998,500	698,500
26258 FAIRSIDE RD	4	3.5	2600	9/22/2011	719,000	747,500	788,000	69,000
23304 W POMPANO ST	4	3	2732	9/20/2011	1,387,500	1,495,000	1,495,000	107,500
23304 W POMPANO ST	4	3	2732	9/20/2011	1,387,500	1,495,000	1,495,000	107,500
20659 Rockcroft Drive	3	3	3323	9/16/2011	1,916,000	2,400,000	24,000,000	22,084,000
27522 LATIGO BAY VIEW DR	7	9	8000	9/9/2011	6,000,000	7,950,000	7,950,000	1,950,000
25919 DARK CREEK RD	6	8	9100	9/7/2011	8,000,000	8,000,000	13,000,000	5,000,000
26600 OCEAN VIEW Drive	3	2	1560	9/1/2011	550,000	599,000	699,000	149,000
34067 MULHOLLAND HWY	3	3.5	3678	8/30/2011	1,050,000	1,295,000	1,295,000	245,000
5603 Sea View Drive	5	7	7260	8/29/2011	3,225,000	3,825,000	3,825,000	600,000
23302 W BOCANA ST	3	3	2457	8/26/2011	1,457,000	1,495,000	1,895,000	438,000
6148 BUSCH DR	4	3	3576	8/25/2011	1,175,000	1,395,000	1,570,000	395,000
6288 PORTERDALE DR	5	5.5	8137	8/24/2011	3,500,000	4,250,000	4,500,000	1,000,000
21633 PACIFIC COAST HWY	3	3	2496	8/19/2011	1,600,000	1,695,000	1,695,000	95,000
30065 MORNING VIEW DR	4	3	4449	8/19/2011	2,000,000	3,195,000	1,400,000	-600,000
31581 SEA LEVEL DR	3	3.5	2654	8/19/2011	2,196,250	2,500,000	3,495,000	1,298,750
1075 Yerba Buena RD	2	2		8/10/2011	1,150,000	1,499,000	1,995,000	845,000
32026 PACIFIC COAST HWY	4	3.5	3400	8/5/2011	1,650,000	1,795,000	1,999,950	349,950
6408 TRANCAS CANYON RD	4	2.5	2164	8/3/2011	2,175,000	2,475,000	2,975,000	800,000
1351 Decker Canyon Road	4	4	4350	8/2/2011	1,580,000	1,657,525	1,657,525	77,525
3505 COAST VIEW DR	4	2.5	3018	8/1/2011	1,640,000	1,745,000	1,995,000	355,000
3203 RAMBLA PACIFICO	4	5	3737	7/27/2011	1,550,000	1,695,000	2,150,000	600,000
20340 BIG ROCK DR	3	3	3109	7/22/2011	1,975,000	1,999,000	2,095,000	120,000
29754 BADEN PL	6	5	5924	7/22/2011	4,100,000	5,495,000	6,995,000	2,895,000
23422 W COPACABANA ST	4	3	2690	7/21/2011	785,257	800,000	1,000,000	214,743
6340 CAVALLERI RD	5	5.5	4741	7/18/2011	2,825,000	2,995,000	3,150,000	325,000
2939 GORGE RD	3	2.5	2642	7/15/2011	1,131,323	1,240,000	1,240,000	108,677
18133 WAKECREST DR	4	3	2121	7/12/2011	1,595,000	1,689,000	1,689,000	94,000
24609 SKYLINE VIEW DR	3	2.5	2340	7/11/2011	1,625,000	1,695,000	1,695,000	70,000
24442 PIUMA RD	3	3	2875	7/8/2011	1,500,000	1,675,000	1,875,000	375,000
6155 PASEO CANYON DR	3	2	1647	7/7/2011	1,100,000	1,299,000	1,695,000	595,000
21642 RAMBLA VISTA	3	4	3077	7/7/2011	1,815,000	1,995,000	2,200,000	385,000
2301 KANAN RD	6	9	7641	7/6/2011	2,537,500	2,995,000	2,995,000	457,500
9351 Deer Creek RD	1	1		6/27/2011	1,050,000	1,450,000	2,695,000	1,645,000
20651 Seaboard Road	3	2	1638	6/26/2011	1,650,000	1,400,000	1,599,999	-50,001
24536 Vantage Point Terrace	5	5	4923	6/26/2011	2,400,000	2,550,000	2,550,000	150,000
3615 Seahorn Drive	3	3	2564	6/24/2011	1,175,000	995,000	995,000	-180,000
3655 MCANANY WAY	5	6	5964	6/24/2011	5,650,000	5,900,000	5,900,000	250,000
2977 SEABREEZE DR	4	3.5	2900	6/23/2011	1,345,000	1,495,000	1,595,000	250,000
27044 SEA VISTA DR	4	2	2030	6/16/2011	1,625,000	1,625,000	1,675,000	50,000
24657 BLUE DANE LN	3	2.5	2502	6/16/2011	1,985,000	2,195,000	2,395,000	410,000
26901 PACIFIC COAST HWY	8	9	9971	6/16/2011	7,430,000	9,750,000	10,900,000	3,470,000
4336 Hillview Drive	4	3	3120	6/15/2011	730,000	750,000	847,000	117,000
21017 LAS FLORES MESA DR	2	2	1991	6/14/2011	1,272,625	1,690,000	2,270,000	997,375
32910 CAMINO DE BUENA VENTUR	4	3	2696	6/13/2011	1,600,000	1,800,000	1,800,000	200,000
3607 SURFWOOD RD	4	3	2136	6/12/2011	1,300,000	1,399,000	1,399,000	99,000
20276 INLAND LN	4	3	3200	6/10/2011	2,187,000	2,390,000	2,495,000	308,000
6728 WILDLIFE RD	3	2	1925	6/6/2011	2,075,000	2,150,000	2,150,000	75,000
28873 SELFRIDGE DR	4	2.5	2700	6/3/2011	2,088,200	2,395,000	2,595,000	506,800
18449 CLIFFTOP WAY	3	2	1997	6/1/2011	1,115,000	1,149,000	1,199,000	84,000
20491 ROYAL STONE DR	3	2.5	2347	6/1/2011	1,400,000	1,495,000	1,495,000	95,000
6020 BONSALL DR	7	8	9311	6/1/2011	8,500,000	9,850,000	9,850,000	1,350,000

the information is from Combined LA/Westside MLS data

2 homes actually had healthy competition with the final price increased from $100,000 to $600,000. 54 homes generally had price reductions that ranged from $69,000 to $5,000,000. Lessons to sellers — if the property is priced right, it sells. Lessons to buyers — now is a good time to be pre-approved with a lender/mortgage broker and pick up the bargains. Call me!

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Judy Kunisaki – CA DRE license 00963582

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.

kunisaki — Sun, 10 Jul 2011 22:16:32 +0000

The recent Wall Street Journal article “Tighter Lending Crimps Housing” gave a good perspective on the obstacles endured by legitimate buyers today. It takes persistence and patience by the serious buyer to endure the race to complete the loan.

The notable quotes in this article include the following:

“’as the noose on credit availability tightens, credit is being choked off at a time when the housing market is extremely fragile,’ says Laurie Goodman, senior managing director at Amherst Securities Group LP.

‘There’s no question that accessible credit is a problem,’ says David Stevens, chief executive of the Mortgage Bankers Association, an industry group.”

The lenders are back to the basics of underwriting and quality control guidelines to evaluate majority of the transactions including the upper echelon borrowers. Wall Street Journal notes “in all, the nation’s 10 largest mortgage lenders denied 26.8% of loan applications in 2010, an increase from 23.5% in 2009”
Additionally, “nearly four in 10 banks reported tighter mortgage lending conditions for the 12 months ended in February, according to a survey published
this week by the government’s Office of the Comptroller of the Currency.” Note that this loan standard is impacting all price strata from the multi million dollar loans to the conforming loans – impacts all price levels.

Yes, this practice reverberates to borrowers in Beverly Hills, CA; Bel Air, CA; Brentwood, CA; Malibu, CA; Calabasas, CA;Westlake Village, CA; Pacific Palisades, CA. It
seems to be felt even stricter for the self employed applicants who are “hitting barriers to loans—hurdles they didn’t face in the past.” The lenders are critical of those who had
interrupted periods of income.

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Judy Kunisaki – CA DRE license 00963582

Malibu, California real estate market is heating up compared to last years activitiy

kunisaki — Mon, 06 Jun 2011 19:40:43 +0000

The Hollywood Reporter June 4th, 2011 article notes that the Malibu, California real estate market is heating up in both sale purchases and leases. There are several notable properties on the market that includes several celebrities as well as unique spectacular property location. Chad Rogers at Hilton and Hyland is quoted in the article as saying “This market is value-driven. When prices come down to fair market value, there are definitely buyers out there ready to buy.” That is exactly what is happening – many of these luxury transactions end up as all cash transaction. One should read this article - offered in the links.

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Judy Kunisaki – CA DRE license 00963582

Duke’s restaurant in Malibu, California prepares to re-open after a rain deluge for the first time in 38 years.

kunisaki — Sun, 03 Apr 2011 21:13:25 +0000

Duke’s Restaurant is a landmark here in Malibu, California – oceanfront dining that is one of the Malibu “must-sees” to anyone visiting Malibu. The food is delicious, the ambience superb — what can I say, if you love Hawaii then you will love Duke’s.

On March 20th, 2011 – a memorable day for the annual Los Angeles Marathon -it become an indelible date in Duke’s history book too.

The Malibu Patch covers this story well – how all hell broke loose around 5:30 p.m. on that day as the rain deluged Malibu unexpectedly. Duke’s suffered flooding in the Barefoot Bar [never knew it was built with bullet proof windows], banquet rooms, and the restaurant dining area. Click on the Malibu Patch link and capture this well told adventure. The best part is Duke’s will be re-opening April 8th — time for a welcoming party!

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Judy Kunisaki – CA DRE license 00963582

Luxury Home Purchase is up 3 times more than 2009 in Los Angeles County – includes Malibu, California

kunisaki — Fri, 01 Apr 2011 19:20:30 +0000

Today the Yahoo Times announces the largest home sale has just taken place in San Francisco area — namely in Los Altos, California.

Russian billionaire Yuri Milner reportedly paid $100 million for a 25,500 square foot living area home up in Los Altos, California. He is a majority shareholder in Facebook, Groupon and Farmville. Here is a brief comment about “Milner, the 49-year-old founder of Internet investment firm Digital Sky Technologies and chairman of Mail.ru Group, has no immediate plans to move into the mansion, spokesman Leonid Solovyev told The AP. Solovyev and another spokesman for the billionaire declined any further comment.”

Additionally, the same article exudes comments by Betty Graham as follows:

“The mansion’s price tag dwarfs the $50 million paid for the three-story, 48,000-square-foot Le Belvedere mansion in Bel Air last year, said Betty Graham, president of Coldwell Banker Previews International, which listed that property. Graham said the number of homes that sold for more than $20 million last year in the Los Angeles area tripled from 2009, a sign that the luxury market has been strengthening.

“The smart money is back in real estate,” Graham said.”

In Malibu, California – the luxury homes above $10 million had the following activity in 2009 and 2010 had the following activity according to the Multiple Listing Service:

2009: 6 beachfront homes closed escrow in the final sales price that ranged from $10,600,000 to $17,500,000

2009: 2 land side homes closed escrow in the final sales price that ranged from $12,000,000 to $13,443,800

2010: 8 beachfront homes closed escrow in the final sales price that ranged from $10,988,845 to $21,475,000

2010: 2 land side homes closed escrow in the final sales price that ranged from $11,500,000 to $13,500,000.

There are higher sales quietly reported that are not in the Multiple Listing Service. One concludes that in Malibu, California – luxury home sales above $10 million is up 30 percent.

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Judy Kunisaki – CA DRE license 00963582

Happy 20th Birthday Malibu

kunisaki — Mon, 28 Mar 2011 19:18:25 +0000

Malibu City

It is a special week of celebration for Malibu, California for its 20th anniversary as an incorporated city. Truly remarkable that Malibu maintains its rural standings — the clean ocean air, healthy natural foods, hiking, beach sports, horse back riding, fishing sports, relaxed lifestyle, etc. What are you waiting for?
In the midst of all the high tech hustle and bustle, it is a relief that one can come and refresh their inner beings and come to a sense of “the why we exist” state. Malibu has all the modern conveniences — the television- Verizon FIOS [super fast internet connection], most areas has water, electricity, phones, gas, internet and high technology available.

If one chooses a rest from high technology - Malibu offers a refuge to the tired soul. It is a perfect place to rest with no television or radio [it is still available but some people prefer to just enjoy conversation and scenery] – where people enjoy reading from hardcover books or paperbacks [fast becoming a thing of the past] and they enjoy doing things together [annual Chili-fest, annual Easter egg hunt for children, summer open air movies at Bluff Park]. Neighbors who care about each other — sometimes giving that helping hand whether it is a cup of sugar, couple eggs or that ride to go somewhere close by. This is not the country — but close enough and still go into the city within 20 minutes for shopping, movies, etc.

The Malibu Patch wrote an excellent article about the how and why this wonderful City came about – a link is provided so just click on the link titled “Malibu remains a Rural City”. Malibu remains a highly solvent city, excellent public school system, clean air and natural resources, land – ocean to enjoy, plus upscale markets and stores to supply anything you wish. Moreover -Malibu is close to Santa Monica, Calabasas and Westlake Village — what more can one want?

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Judy Kunisaki – CA DRE license 00963582

Visit Malibu Beach – several pristine beaches to enjoy

kunisaki — Mon, 31 Jan 2011 23:40:54 +0000

Just look at this photo — and enjoy the Malibu, California vibe. Where else can we enjoy the cool beach weather almost all year round consistently? So many choices, but the main reason we live here is to enjoy this precious asset – the beach.

Health is so important – so come and enjoy the clean air, stroll on the beach or if you prefer, jog on the beach — running/walking in the sand is most therapeutic for your health and mind.

For the creativity jolt, enjoy the water sports – yes, surfing, kayaking, paddle surf, wind surf and spear fishing — if you can swim! Of course, one can look out and enjoy the dolphins and other natural sea life that co-habitat in the sea.

For those who enjoy hiking – Malibu offers many different scenic trails – ranging from easy to difficult. If you like to ride horses, that is available too. Motorcycle enthusiasts also enjoy the roads and scenes. So come out and thaw out – be a snowbird and rent for a month in Malibu, California. Enjoy the ‘Bu life. Live, Laugh, Love Malibu!

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Judy Kunisaki – CA DRE license 00963582

U2 Malibu, California project hits a road block by the California Coastal Commission

kunisaki — Mon, 31 Jan 2011 21:59:25 +0000

The word was out on Friday – Jan 28^th, 2011 that “the California Coastal Commission staff says the project would violate state law by ruining a wild area and scarring hillsides visible from Pacific Coast Highway.”

U2 – band member – David Evans also known as “the Edge” is proposing a 5 estate development known as “Leaves in the Wind”. According to the coastal report, “the five homes would straddle a “significant ridgeline” visible from the pier and Malibu Lagoon, which are state parks, and from PCH, which is a state-protected scenic route where new development must be screened from view.”

The Coastal Commission will review it at the upcoming February 10^th meeting.

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Judy Kunisaki – CA DRE license 00963582

Real Estate Ending 2010 on Positive Note – Happy New Year in Malibu, CA and Calabasas, CA and Pacific Palisades, CA and Santa Monica, CA

kunisaki — Fri, 07 Jan 2011 23:40:39 +0000

Real estate is ending 2010 on a positive note with President Obama recently extending tax credits that add value to home ownership and home improvements. On the 17th of this month Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. The Act extended tax benefits, reduced payroll taxes and extended a variety of energy efficient tax credits. The extension of the tax credits for energy efficient improvements include those for new homes, existing homes, and building credits. The credits are good for improvements made throughDecember 31, 2011.

Thus far the year is also ending with the mortgage interest deduction (MID) in place, a vital benefit to home owners everywhere this allows homes owners to write off the interest paid on mortgages. While the MID is being threatened to be reduced or eliminated as a way to recover money and reduce government debt, it hasn’t been altered yet, making homeowners throughout the United States grateful for the time being.

Home sales are holding their own as mortgage rates remain hovering above historic lows. Re-financing and buying real estate is benefiting greatly form these low rates. The low interest rate is helping boost sales, appearing to stay put until recovery is in full swing. All in all real estate is ending 2010 in a good position to pick up speed in 2011.

Click here to learn more about real estate provisions that are a part of Obama’s latest tax bill.

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Judy Kunisaki – CA DRE license 00963582

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