The Calm Before the Storm for Playa Vista Real Estate
Is this the calm before the storm? Late fall and winter 2017 has been one of the slowest stretches in memory for Playa Vista real estate listings. As of today, December 19th there have been four new MLS listings (condo and single family) since November 1st and with the holidays …
New Year, New Market
After a long and earlier than usual election-fueled seasonal slowdown, the market has bounced back in December and especially in January. Even heavy rain won’t stop these buyers who come from far and wide looking for that perfect $1M starter home in Silicon Beach. Despite the change in presidential philosophy …
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 …
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 …
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 …
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 …