Interest Rates Resume Rapid Rise

After a steep decline in mortgage interest rates from November through the end of January, rates have quickly returned to the up-side in February with the 10-year treasury yield rising over 50 basis points during that time. Following this rise in treasury yields, the average 30-year fixed conforming loan rate …

Where is the Playa Vista Market Heading?

It is inaccurate to speak of the real estate market in general in terms of good, bad, or otherwise. Markets vary by location, price point, and localized supply and demand trends. It is similarly inaccurate to refer to the Playa Vista market in general terms since there are wide array …

Drop in Interest Rates Spurs Market Enthusiasm

The Playa Vista real estate market has rebounded from a dreadful second half of 2018 and a lukewarm first couple of months of 2019 to become red hot in late March and early April. While some of this may be attributable to the finally dry weather conditions, this seems mainly …

The Santa Slump – Why December Should be the Best Month to Buy a Property

After participating in a few slow open houses in Playa Vista this weekend, it got me thinking, why isn’t home buying more popular in December? While there are obvious reasons why it could be inconvenient to buy in December – shorter days, worse weather, shopping and social obligations, or waiting …

This is Not Your Mother’s Real Estate Market

I admit it. It has been pretty easy to sell real estate in Playa Vista from 2011 to 2017. There are things I would do to prepare properties to show better, create the best leverage, negotiate the best deal, and create the best experience for my clients, but honestly, some sales that were layups …

Supply Coming Back With a Vengeance in Playa Vista. Inventory Mix in LA Fails to Satisfy Buyers

As of this writing, inventory is up significantly in Playa Vista with 31 single family homes and condos on the market. Granted it is late summer when supply tends to peak, but this is a dramatic increase in active listings from the teens, which had been consistent through much of …

First Half Observations of the Playa Vista Market

We have reached the halfway mark in 2018, which is unbelievable. Are years getting shorter? It has been an unremarkable, albeit steady, year so far in Playa Vista with modest price gains and still low inventory. New construction at The Collection, Jewel, and Seabluff continues to trickle out giving buyers …

Buyers Becoming More Selective in Playa Vista Market

After the dearth of inventory in the 4th quarter and the trickle of listings that got quickly gobbled up in the early months of 2018, supply has begun to normalize. Inventory for condos and single family homes stands at 19, which includes one listing currently under construction at Seabluff. These …

The Effect of Rising Interest Rates on the Playa Vista Market

This week the federal reserve raised the Fed Funds interest rate by a quarter point (.25%) for the sixth time since the financial crisis. They signaled that they expect to raise rates another two times this year and three times next year. The Fed Funds rate is the rate at …

How Did We Get Here? DocuSign Theory Revisited

While pondering life and best strategies to get an offer accepted in 2018 when there are often between 10-15 offers on every property my clients want to buy, I began to wonder “how did we get here”? Things didn’t used to be like this. The market has been gradually getting more competitive for …

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