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 …
Retail Center for Phase II Moving Forward
The California Supreme Court recently declined to hear the legal challenge to the 111-acre Village at Playa Vista, paving the way for a central shopping area providing for wide ranging services such as grocery shopping, pharmacy, restaurants, and a movie theater that the area has lacked. This commercial element had been in the works for years …
Recent Trends in Buyer Demand in Playa Vista – A Plea to Developers of Phase II
In the last few months, I have noticed a few things about buyer demand trends in Playa Vista: – 2 bedroom units under $450,000 are scorching, even smaller ones. – 1 bedrooms are less in demand than previously, probably due to the large drop in prices for small 2 bedroom …