Real Estate

Words of Wisdom From a Real Estate Legend

Last week I learned of the death of Stan Ross, the former chairman of the USC real estate program whom I looked up to. We were not close and did not even know each other well, but we met briefly a few times during my year getting my masters degree in real estate development and I listened to him speak a few other […]

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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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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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The Downsides of Working With Real Estate Agent Teams

Over the past few years, there has been a growing trend toward real estate agent teams. These groups range in size from 4 or 5 people up to 20 or more. Some team members are agents, some admin staff, some marketing, etc.. Usually these teams are led by one or two top producers in an attempt to leverage themselves […]

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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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Why January is a Great Time for Sellers and Challenging for Buyers

If you’re a buyer looking to lock up a new place early this year, sorry, I don’t have good news. January has typically been a great month to put a property on the market. As a listing agent, my listing might be the only game in town, so I can usually count on multiple offers and sales […]

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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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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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