As Market Rebounds, Overpriced Listings Return

We are starting to see a resurgence of overpriced listings, not just in Playa Vista, but everywhere.   Back in the good ol’ days, (2000-2005), people would overprice their homes and buyer’s would get in line to pay.  Who could blame them?  It was what the market would bear.  Buyers who …

Rare, 3 Bedroom/3 Bath Single Level Generates Significant Interest

The Dorian is unquestionably the most prestigious building in Playa Vista.  Even the neighbors at Chatelaine would (or should) admit that Standard Pacific’s version 2.0 45 unit condo project is not only 4 years newer, but is a tad spicier.  While no one can argue Dorian’s appeal, Standard Pacific did …

Prices Set to Rise in Playa Vista

After several years of price declines, the demand/supply ratio has shifted in 2012.  Pent up demand combined with affordability and consumer confidence in addition to optimism on Playa Vista’s reputation moving forward has contributed to an inventory shortage that will be observed as median price increases before EOY 2012. For 2 bedrooms …

New Listing – Crescent Walk #349

I know you agents and “experienced” buyers are getting tired of drama caused by short sales.  Well, here’s an equity sale and a mighty attractive one as well.  This Controlled Price Unit in Crescent Walk is just the right mix of open space and coziness for a price under $300,000.  The …

Short Sale Counter Offer Strategy

I experienced a first this week. The first time a seller countered an offer from one of my buyers on a short sale asking contingencies to begin right away upon seller-acceptance, not at the time of bank approval. I was immediately taken aback by this almost insulting suggestion – my …

Myth Buster – Listing Your Home in December is a Bad Idea

While the holiday season it may not always be the most convenient time for Playa Vista home sellers to have their home ready to sell, I can say that doing so might be worth the inconvenience. It is my opinion that it does not matter when you list your Playa …

Short sales – Don’t Always Believe The List Price

While getting a great deal on a short sale in Playa Vista is enticing, it there is always someone on the other end of that trade, who might not be.  With very little besides a “marketing savvy” listing agent and an already underwater seller who may be facing foreclosure determining …

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