Home Values

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 the first half of the […]

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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 options, but condo and single […]

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A Bidding War is Not a War

Over the past few years in what could be considered a seller’s market in most areas, including Playa Vista, many properties for sale have generated offers from multiple buyers. Some call this a “bidding war” and some buyers want to avoid this situation. It is important to remind people that competition is a sign of […]

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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 more “normal” conditions are reducing […]

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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 which banks lend other banks […]

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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 years, but jeez, this is […]

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Seabluff Flats Sales Registration Begins Tuesday

Seabluff Flats, the long-awaited condo project by The New Home Company, being built on the site of the former farmers market parking lot is beginning priority sales registration on Tuesday, January 9th at 10:00 AM. Playa Vista dot com states that units are being offered “from the low $1 Millions” with the smallest units being microscopic […]

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Entry-Level Inventory Coming Soon

Has it been 15 years already? Beginning this April, homeowners who purchased Controlled Price Units (CPU’s) will no longer be bound by maximum resale price restrictions and will be able to start selling these properties for market value. For over 100 units with an original sale date in 2003, the lifting of this maximum price restriction is likely […]

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How Will Tax Reform Impact Playa Vista Homeowners?

Unless you’ve had your head in the sand the past few months, you already know that the Republicans recently pushed through tax reform, which will take effect next week. In addition to slashing the corporate tax rate and adjusting the tax brackets, these new laws will change the taxation involved in owning and selling real estate more than […]

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Why You Shouldn’t be Waiting for Google

I posted a blog a few days ago on why inventory should come back in a big way in Playa Vista at some point. One of the reasons is that investors are waiting for Google corporate offices, expected in mid-2018 to open up before selling. This post has resulted in some comments and there are differences of opinion […]

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