These days people are always looking for a deal, but look no further because what I’m about to inform you of is almost a steal! 11916 Whalers Lane is the most inexpensive ocean side condo in Malibu. Recently taking a  dramatic price cut from $579,000 to $484,995, this condo is screaming for an owner’s affection. The one bedroom, one bathroom home can also be leased for $1,975.

This is a bachelor’s and student’s dream space. Contact our office now, this is priced to sell!

Tomorrow Prudential Malibu Realty is hosting the following Open Houses:

622 7th Street, Santa Monica; $1,637,000; Janice Burns/ Nancy Sill

23926 De Ville Way, #D, Malibu; $925,000; Judy Van Schoyck

21161 Colina Drive, Topanga; $899,000; Fariba Tiffany

29734 Mulholland, Malibu; $1,995,000; Marcus Beck

According to the LA times the average price of homes rose to $278,000. This shift is fueled by buyers moving from inexpensive inland markets to pricier coastal markets. Buyers are looking for deals where normally there would be none. However, the future of the market  is unclear due to the potential effects of  the dwindling tax incentives. When the first time home buyer tax credit is dry, there is a possibility sales will go down. However, in a previous Prumalibu Blog, a survey recently showed that the tax credit would not deter buyers. Also the consumer confidence report shows optimism too. So while there is reason to be cautious, the future does hold hope for continued or sustained growth.

Home improvements are always a bonus, but how much of a bonus depends on what you’re improving. According to Realtor Magazine there are certain home renovation projects that produce higher returns on re-sales than other. Home buyers seem to be more appreciative of exterior upgrades. Projects producing higher returns include, Kitchen upgrades, window replacements and wood deck additions, all producing at least an 83% return. However, projects including home office re-model, installing a back–up power generator and adding a mid-range sunroom produced no more than a 60% return. Before initiating projects for your Malibu home take a look at the Cost vs. Value report. http://www.realtor.org/rmohome_and_design/Articles/1001_costvsvalue_2009

Below are three beautiful, scenic properties on open house.

31008 Broad Beach Road – Tony Mark- $35,000/month

21956 Carbon Mesa Road- Lea Johnson- $2,495,000

11834 Pacific Coast Hwy-Lea Johnson- $3,500,000

In a game of Catch Phrase, a player gives clues about their selected word. They say “location, location, location” and right away you know the phrase is Real Estate! Although location is obviously key in the Real Estate industry, we often forget an equally key component, “presentation, presentation, presentation”. Especially here in Malibu where location is an inherent benefit, presentation is crucial. Whether it’s an open house, photos for the MLS, or a tour of the garage or shed; presentation should always be one’s top priority.

Here in Malibu we have some great news! All of Malibu’s beautiful, iconic, scenic beaches have passed the grade. For the first time in several years, Malibu has no beaches on the top 10 Beach Bummer List. The City has shown much improvement. In continuation with the spirit of celebration Prudential Malibu Realty is hosting an Epic Open House event. Together both Prudential Malibu and Prudential California realty will have over a hundred open houses.   Below is a peak of just some of the epic properties to check out!

• 1746 Deerhill Trail, Topanga
• 31008 Broad Beach Road, Malibu
• 28929 Bison Ct, Malibu
• 24657 Blue Dane Ln, Malibu
• 11834 Pacific Coast Hwy, Malibu



The end of the home buyer tax credit does not mean the end of an improving market. In a recent Prudential Real Estate Outlook Survey, most respondents said the tax credit’s expiration will not affect their decision to purchase a home. Only 8 percent of the sample said it would make them much less interested in buying a new property.  This is definitely sweet music to the ears after a nice three day weekend here in Malibu.