Listing Your Home

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 market trends, like I often […]

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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 to non-existent loan guidelines and […]

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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 room, bathed in natural light […]

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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 comp is set. This has […]

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Amazing New Listing in Primera Terra Open Sunday 10/18/2015 from 2:00-5:00

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 12920 Runway Rd. #211 – 3 Bedroom, 2 bathroom, 1,500 sf, listed for $949,000. Stunning and warm, contemporary single-level condo in LEED Platinum Primera Terra. With 3 stories instead of the typical 4, Primera Terra offers more space between floors for noise reduction & units have nearly 10 foot high ceilings. One of the largest […]

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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 purchased to the end of […]

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Rare, 3 Bedroom/3 Bath Single Level Generates Significant Interest

The Dorian is unquestionably the most prestigious building in Playa Vista.  Even the neighbors at Chatelaine would (or should) admit that Standard Pacific’s version 2.0 45 unit condo project is not only 4 years newer, but is a tad spicier.  While no one can argue Dorian’s appeal, Standard Pacific did not time the release of […]

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Prices Set to Rise in Playa Vista

After several years of price declines, the demand/supply ratio has shifted in 2012.  Pent up demand combined with affordability and consumer confidence in addition to optimism on Playa Vista’s reputation moving forward has contributed to an inventory shortage that will be observed as median price increases before EOY 2012. For 2 bedrooms sold in the last 6 […]

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New Listing – Crescent Walk #349

I know you agents and “experienced” buyers are getting tired of drama caused by short sales.  Well, here’s an equity sale and a mighty attractive one as well.  This Controlled Price Unit in Crescent Walk is just the right mix of open space and coziness for a price under $300,000.  The open floor plan, generous balcony, […]

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Short Sale Counter Offer Strategy

I experienced a first this week. The first time a seller countered an offer from one of my buyers on a short sale asking contingencies to begin right away upon seller-acceptance, not at the time of bank approval. I was immediately taken aback by this almost insulting suggestion – my thought was “you’re asking the […]

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