Shadow Inventory Watch
Year over year median sold prices for condos in Playa Vista have increased by about 9% from October 2015-October 2016 per Core Logic published statistics. This would indicate to an outside observer that it is still a seller’s market and housing is strong. In analyzing data to look for future …
State of the Playa Vista Market – October 2016
It’s been a wild ride for the housing market over the past 5, 10, 15 years. Whatever time frame you are looking at, there have been very few extended periods of flat housing conditions: 2001-2006: Boom Times – Large price increases due to strong demand, albeit somewhat artificially inflated conditions due …
Carabela #131 Open Tuesday 1/12
The new listing in Carabela will be open Tuesday 1/12 from 11:00-2:00 and a twilight from 5:00-7:00 PM. This is a 2 bedroom, 2.5 bath, den upgraded townhome-style condo offered for $899,000. Breezy Mediterranean corner unit in the popular Carabela complex. Open concept with masterful integration of living and dining …
2016 Will Be The Year The Inventory Returns
For the past 3+ years, the Playa Vista market has been characterized by an extreme lack of inventory. This has been the largest reason prices have increased more than 50% during this time. Bidding wars have led to a “do whatever it takes” mentality, and each time a new, higher priced …
Amazing New Listing in Primera Terra Open Sunday 10/18/2015 from 2:00-5:00
12920 Runway Rd. #211 – 3 Bedroom, 2 bathroom, 1,500 sf, listed for $949,000. Stunning and warm, contemporary single-level condo in LEED Platinum Primera Terra. With 3 stories instead of the typical 4, Primera Terra offers more space between floors for noise reduction & units have nearly 10 foot high …
State of the Playa Vista Market
There’s only one word to describe the recent run up in housing prices in Playa Vista – unbelievable! Homes such as an Asher plan 3 which sold new a year ago in the $1.6’s, recently closed for $2,250,000. Tapestry homes are selling for $250-$300K more than the same models traded …
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. …