The Topanga Real Estate Blog

One of the best things a home buyer can see before making an offer is how much and how many times a seller has reduced the price of their home. If you see aggressive reductions on a fairly consistent basis, then that should be your target home for finding a good deal. Here are a few that are on my radar within the Topanga Real Estate market.

20939 Hillside Dr. DOM 136 OLP $979,000->$899,00,->$859,000

STYLISHLY UPDATED 2 BEDROOM & 2 BATH MAIN HOUSE FEATURES LIVING ROOM WITH HARDWOOD FLOORS & FIREPLACE, OVER-SIZED MASTER BEDROOM WITH FIREPLACE & VAULTED CEILING, OFFICE, AND NEWER KITCHEN & BATHROOMS. ALSO INCLUDES DETACHED 1+1 GUEST HOUSE AND RUSTIC STONE STUDIO PERFECT FOR ARTIST OR MUSICIAN. SITUATED ON 4 PARCELS WITH LARGE LAWN AREA, REDWOOD VIEW DECK, AND A PATIO THAT’S GREAT FOR ENTERTAINING.

Listed with Melissa Oliver Coldwell Banker

20089 Stites Dr. DOM 155 OLP $1,369,000->$1,249,000,->$1,189,000

EXCELLENT FERNWOOD LOCATION! LARGE 3 BEDROOM CONTEMPORARY VIEW HOME INCLUDES SEPARATE 1+1 GUEST UNIT. FEATURES NEW KITCHEN, HUGE LIVINGROOM WITH HARDWOOD FLOORS AND FIREPLACE, FAMILY/BONUS ROOM, AND OFFICE. GREAT OPEN FEELING WITH WALLS OF GLASS OPEN TO INCREDIBLE CANYON AND MOUNTAIN VIEWS. LARGE COVERED DECKS OFF THE LIVING AND DINING AREA PLUS A BEAUTIFUL BRICK COURTYARD. SITUATED ON APX. 1/2 ACRE WITH COLORFUL GARDENS, SHADY OAKS, & MATURE FRUIT TREES. DETACHED 2 CAR GARAGE

Listed with Melissa Oliver Coldwell Banker

Here are a few tips for finding the best deals in the Topanga Real Estate market. First you want to find homes for sale that has been on the market longer than 90 days. Then you want to see a consistent pattern of price reductions. That’s what I call motivated seller and here are a few that fit the criteria. OLP is old listing price and DOM is days on market.

19834 Montau Dr. Topanga

OLP $1,450,000 Current Price $999,000 DOM 566 days

Listed w/John Saver Prudential 

21415 Encina RD Topanga

OLP $1,685,000 Current Price $1,385,000 DOM 272 days

Listed w/ Melissa Oliver Coldwell Banker

1300 Greenleaf Canyon RD Topanga

OLP $3,400,000 Current Price $2,999,000 DOM 175 days

Listed w/ Elisabeth Halsted Prudential 

20089 Stites Topanga

OLP $1,369,000 Current Price $1,189,000 DOM 134 days

Listed w/ Melissa Oliver Coldwell Banker

Here’s a great video that can be applied to any home. The emphasis on home inspections is very important especially with homes for sale within the Topanga Real Estate market. 

If you are looking for real estate in Topanga and want to see who’s a real seller or not, look for two things; price reductions and homes that have been on the market for several months. 

Here are a few to consider that have had price reductions in the last 2 weeks.

20944 Waveview Drive   Was $1,299,000 now at $999,000
 

Listed with Christine Lightheart Pritchett-Rapf

20265 Croydon was $1,199,000 now at $1,025,000

Listed with Christine Lightheart Pritchett-Rapf

19562 Cave Way was $1,275,000 now at $1,249,000

Listed with Christine Kapetan Pritchett-Rapf

2630 Santa Maria Road was $4,195,000 now at $3,395,000

Listed with Carol Bird WEA

2303 Tuna Canyon was at $1,925,000 now at $1,750,000

Listed with Geoff Parcells Remax

21110 Brunnell Court was at $1,699,000 now at $1,549,000

Listed with Teresa Penner of Prudential Malibu Realty

Good sales volume and significant price reductions define the current real estate market in Topanga, California. 9 homes sold during the last 30 days and one is of particular note. 1126 Parkway Trail was originally listed at $3,850,00 and sold for $2,695,000 so don’t be afraid to write low offers! 

Call me for more info on price reductions and how to find motivated sellers in Topanga.

3445 Old Topanga Canyon Road originally $799,000 now $675,000

Listed with Karen Dannenbaum

21097 Altaridge Drive originally listed at $1,375,000 now at $1,325,000

Listed with Karen Dannenbaum

20556 Betton Way originally listed at $2,700,000 now at $2,349,000

listed with Gary Harryman

2630 SANTA MARIA RD  TOPANGA, CA 90290 

Originally $5,600,000 in 07. After several price reductions it is now listed $3,950,000.

Here is the MLS description…..

PRIVATE RETREAT. TRANQUIL 37+ ACS FULL OF ROMANCE & ROOM TO BREATHE…ONLY SONGS OF BIRDS AND CRICKETS, SWAYING TREES, STARS CLEAR & BRIGHT. ROCK CLIMB, EXPLORE CAVES, WANDER STREAMS, RIDE TRAILS IN STATE PARK, IN YOUR OWN ARENA OR PLAY POLO AT THE CLUB ACROSS THE STREET. ROMANTIC SUN-FILLED HACIENDA W/3BR (MSTR CONSUMES ENTIRE 2ND FL), POOL, LAWNS, SEP 2BR GST HSE, STABLES, ARENA AND ACS OF PASTURES. AWARD WINNING SONGS & STORIES BORN ON SITE…INSPIRATION AND PEACE ARE INCLUDED IN THE PRICE.

The home is listed with Carol Bird/WEA

Topanga Real Estate sales have been one of the bright lights in the dark days of the “housing crisis”. Here are some price reductions for those waiting for a good deal. 

1909 N Topanga Canyon- Originally $1,350,000 now at $999,999

RARE C2 ZONED CREEKSIDE BUILDING OR A SIMPLE CONVERSION TO SFR. 16 FRENCH DOORS LEAD TO DECKS AND VIEWS OF OAKS, CREEK AND BEYOND. 33 PARKING SPACES, ELECTRIC CART TO SHUTTLE TO AND FROM PARKING LOT. 2 HANDICAPPED COMPLIANT BATHROOMS WITH A VARIANCE ON ACCESS. 40X40 GREAT ROOM UPSTAIRS AND 2 DOWNSTAIRS ROOMS 17 X 23 AND 14 X 23 BOTH WITH 11 FOOT CEILINGS. NOTICE OF SALE FILED

21476 Encina Rd- Originally $1,950,000 now at $1,499,999

$200K PRICE REDUCTION!MUST LOVE VIEWS! THIS TURN-KEY CAPE COD PROPERTY WOWS YOU. A LONG TREE LINED, PEBBLE FINISHED DRIVEWAY LEADS YOU TO A PROUD 2900 SF THREE BEDROOM AND 3 BATH HOME STEPS AWAY FROM TOPANGA STATE PARK.THE KITCHEN WAS RECENTLY REMODELED WITH CHERRY CABINETS, GRANITE COUNTERS, STAINLESS APPLIANCES, SLATE FLOORS, AND FIREPLACE. FRENCH DOORS AND WINDOWS ARE THROUGHOUT THE HOUSE ALLOWING MAXIMUM LIGHT TO BRIGHTEN EVERY ROOM. NEWLY REFINISHED DECKING TAKES IN THE EXTRAORDINARY VIEWS

Both Places are listed with Christine Lightheart/Photos MLS

1291 Will Geer- Originally listed at $7,000,000  now at $4,199,000

Listed with Jaime Estes/Amalfi Estates

647 Old Topanaga Canyon- Originally listed at $4,595,000 now at $4,295,000

Listed with Melissa Oliver/ Coldwell banker

2867 Marquette DR-Originally listed at $3,650,000 now at $2,750,000

 Listed with Gary Harryman/Pritchett-Rapf

now at $2,750,000
21881 Koontz Way -Originally listed at $725,000 now at $665,000

Listed with  Jeffrey Chertow/Pritchett-Rapf

The highest price home currently for sale in Topanga Canyon is listed at $4,995,000. The Spanish Hacienda on 6 acres features a large, approx. 4700 sq.ft. house, a 10 stall barn, and dressage arena.
Here is the MLS description.
HACIENDA LIBELULA IS THE AREA’S PREMIER SPANISH COLONIAL ESTATE AND WORLD CLASS PRIVATE EQUESTRIAN FACILITY. RESTING ATOP A NATURAL SANDSTONE FORMATION THIS MAGNIFICENT RESIDENCE IS ADORNED WITH EXOTIC FINISHES IMPORTED FROM AND PLACED BY ANDEAN CRAFTSMAN ON SITE. EXPLORE 6.5 ACRES OF COLORFUL GARDENS, RARE NATIVE MANZANITA FOREST, HUGE LAWNS, AND 35 FOOT WATERFALL WITH POOL. AN OLYMPIC SIZED DRESSAGE ARENA, 10 STALL BARN, AND TRAINERS QUARTERS.
Click here for the website.

The home is listed with Melissa Oliver and Paul Ferra of Coldwell Banker

The least expensive home in Topanga is a one bedroom, 365 sq.ft home and is listed at $215,000. The list price is the opening bid when it goes to auction.

Here is the MLS description.

AUCTION *This single family residence was previously valued to $500,000. The list price of $215,000 is the suggested opening bid. This is a rare opportunity to bid on a South Bay home starting well under 50% of its previous market value. This property will be sold “AS-IS” with no contingencies.

The home is listed with Anthony Fitzgerald of Premiere Estates Auction Co. Van not included.