Real Estate

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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State of the Playa Vista Market

There’s only one word to describe the recent run up in housing prices in Playa Vista – unbelievable! Homes such as an Asher plan 3 which sold new a year ago in the $1.6’s, recently closed for $2,250,000.  Tapestry homes are selling for $250-$300K more than the same models traded for last year. Entry level […]

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Buyer Loyalty is a Two-Way Street

In my 9 years as a broker, my database has not always been flush with clients. Starting out in early 2006 was challenging since it takes time for seeds to grow.  Being new to town and looking much younger than my age of 26 did not help.  Just as I started to get a pretty good […]

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Disclosures to Buyers Reduced as Lenders Ask for More and More

It has become the expectation in a residential real estate transaction that the seller of a property in a standard sale should notify buyers of all known material facts about their property.  While there is often plausible deniability as to what is “known” and differences in opinion as to what is “material”, California Association of Realtors […]

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Interest Rates Need To Go Up

At this point the government has done all they can to stimulate housing and they have done a good job.  Financial incentives for buyers, encouraging banks and underwater homeowners to do short sales, refinances and principal reductions to prevent some foreclosures.  Great job, gov’t, but we need to take a step back and cut housing from the proverbial […]

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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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