Buyer Loyalty is a Two-Way Street
In my 9 years as a broker, my database has not always been flush with clients. Starting out in early 2006 was challenging since it takes time for seeds to grow. Being new to town and looking much younger than my age of 26 did not help. Just as I started …
Inventory Watch and Market Trends – December 2014
For the third straight year, resale inventory in Playa Vista is approaching single digits as we move toward the end of the year with only 12 resales listed as “active” per the MLS. It is more surprising this fall since hundreds of new phase II homes have been completed and …
Paraiso Buildings on Sea Walk Drive have New Address
Finally, in an appeal to reason, the Paraiso HOA has legally changed its address for it’s second phase of buildings (2-A, 2-B, and 2-C) located on Sea Walk Drive. After realizing it did not make sense to travel several hundred feet to the North on Sea Walk Dr. to enter one’s …
New Businesses/Restaurants Announced for Phase II
Recently retailers and a very good selection of restaurants have signed leases to locate themselves in the new Runway shopping development of Playa Vista. These businesses join anchor tenants Whole Foods and CVS as well as movie theater Cinemark, and the ever present Starbucks and Chase and Wells Fargo Banks. …
Disclosures to Buyers Reduced as Lenders Ask for More and More
It has become the expectation in a residential real estate transaction that the seller of a property in a standard sale should notify buyers of all known material facts about their property. While there is often plausible deniability as to what is “known” and differences in opinion as to what is …
Current State of the Playa Vista Market
It has been a wild 2+ years, but all good things must come to an end sooner or later. Exit the major supply and demand imbalance that has led to 30-40% price increases since the beginning of 2012 and enter market equilibrium. What a crazy thought that is as we …
Phase II Builders Endeavor to Prevent Buyer’s Agent Involvement
It seems so long since there has been any meaningful new construction on the Westside, but in Playa Vista Phase II, which is currently under construction, the homebuilders are again showing that they will do whatever it takes to scrape a profit at the expense of their customers. All of the …