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