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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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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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Paraiso Buildings on Sea Walk Drive have New Address

Finally, in an appeal to reason, the Paraiso HOA has legally changed its address for it’s second phase of buildings (2-A, 2-B, and 2-C) located on Sea Walk Drive.  After realizing it did not make sense to travel several hundred feet to the North on Sea Walk Dr. to enter one’s building and still have a […]

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Current State of the Playa Vista Market

It has been a wild 2+ years, but all good things must come to an end sooner or later.  Exit the major supply and demand imbalance that has led to 30-40% price increases since the beginning of 2012 and enter market equilibrium.  What a crazy thought that is as we have been going through dramatic boom […]

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To Sell Now or Later?

According to the MLS, 11 homes are currently for sale in Playa Vista.  This is less than one month’s worth of inventory, which virtually ensures that if you properly price and market a home, it will sell quickly.  Demand has lessened since the spring and summer with buying properties as cash flow rentals no longer making sense for […]

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Phase II Builders Endeavor to Prevent Buyer’s Agent Involvement

It seems so long since there has been any meaningful new construction on the Westside, but in Playa Vista Phase II, which is currently under construction, the homebuilders are again showing that they will do whatever it takes to scrape a profit at the expense of their customers.  All of the builders that will be selling homes […]

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Playa Vista Phase II Pricing Released

With much anticipation, Playa Vista has released the early pricing for the size Phase II communities with sales expected to begin next year.  Potential buyers, it is very important that you have your own representation by a broker not affiliated with the builder.  Please contact me for more information and before visiting a sales office: Camden: […]

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My Case for Keeping Fannie and Freddie

Recently President Obama announced he was planning to start winding down loan insurers Fannie Mae and Freddie Mac.   Most of my clients get loans backed by Fannie and Freddie.  Almost all with loan amounts under $625,000 – I personally have three of them.  While I appreciate free market economics, I think Fannie and Freddie are […]

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Brookfield Releases Phase II Property Information

Brooksfield Homes, residential developer of Playa Vista Phase II recently released the first tangible information and interest list of what the coming phase homes may look like.  http://playavista.com/live-here/.  There are not too many details, but early indications are that there the units will be on the larger side (many 3+ bedrooms) and there will be more […]

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Increasing Inventory Will Test Market Strength

Rapid price increases over the past 9 months in Playa Vista have brought a lot of would-be sellers off the fence in recent weeks.  The number of homes for sale in Playa Vista has gone from a low of 9 in February to 22 as of today.  Prices rising over 15% in less than a […]

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