Author Archive

Sales as a Percentage of Listings are Down in a Big Way in ’19

Sometimes it is necessary to create a metric to support an assumption based on one’s experiences. The experience in question is that in 2019 a lot of listings are not selling. The metric I created is sales as a percentage of listings (SL Percentage). This is calculated by dividing the number of sales since the […]

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The Legal Ramifications of Emojis in the Modern World

Can a knife emoji double as a threat to kill someone? Does a heart emoji from a manager constitute sexual harassment? More emojis are showing up in court cases throughout the United States. Attorneys are having to argue for different interpretations of the small illustrated characters that are used to express emotions, activities or objects. […]

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Price Per Square Foot – The Most Overrated Metric in Valuing Residential Real Estate

There are a lot of misleading metrics in real estate, but the most misused or irrelevant one that is so commonly referred to when attempting to value a property is price per square foot. Price/sf is only useful in valuation when comparing properties that are apples to apples or when evaluating a large sample size […]

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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 of price points, Phase I […]

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Dealing With HOA’s

In Playa Vista and many other places, HOA’s or Home Owners Associations are a fact of life. They create and enforce rules that add stability to communities and manage common facilities that no one owner would have the manpower to manage. On the other hand, many people find them intrusive, expensive, and overly regulatory. However, […]

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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 due to lower interest rates, […]

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Key Points from Housing Seminar at Loyola Marymount University

For the third year in a row, I was fortunate to be invited to speak as the residential real estate expert at the LMU faculty housing seminar, which was conducted this week on campus. The turnout generally consists of tenure or tenure track faculty who are looking to put down roots in LA and hope […]

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Stock Market Implosion Threatens Real Estate Values

In recent weeks, major U.S. stock markets have lost between 16-26% of their value. A 20% loss in value is considered a bear market, so we have now entered that territory in the NASDAQ and are close with the Dow Jones and S&P 500. After nearly 10 years of a bull market, the longest in […]

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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 on year-end bonuses, the failure […]

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How Will The SoCal Fires Affect the Playa Vista Real Estate Market?

For the past week, Ventura County and Malibu have been suffering from one of the worst fires these locations have ever seen. While the Camp Fire in Northern California is the most destructive ever in terms of loss of life and property damage, the Woolsey Fire located in Malibu, and Southern Ventura County has been […]

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