The Topanga Real Estate Blog

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. 

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.