Uncategorized

Sales as a Percentage of Listings are Down in a Big Way in ’19

Sometimes it is necessary to create a metric to support an assumption based on one’s experiences. The experience in question is that in 2019 a lot of listings are not selling. The metric I created is sales as a percentage of listings (SL Percentage). This is calculated by dividing the number of sales since the […]

Read More >>

The Legal Ramifications of Emojis in the Modern World

Can a knife emoji double as a threat to kill someone? Does a heart emoji from a manager constitute sexual harassment? More emojis are showing up in court cases throughout the United States. Attorneys are having to argue for different interpretations of the small illustrated characters that are used to express emotions, activities or objects. […]

Read More >>

Where is the Playa Vista Market Heading?

It is inaccurate to speak of the real estate market in general in terms of good, bad, or otherwise. Markets vary by location, price point, and localized supply and demand trends. It is similarly inaccurate to refer to the Playa Vista market in general terms since there are wide array of price points, Phase I […]

Read More >>

Dealing With HOA’s

In Playa Vista and many other places, HOA’s or Home Owners Associations are a fact of life. They create and enforce rules that add stability to communities and manage common facilities that no one owner would have the manpower to manage. On the other hand, many people find them intrusive, expensive, and overly regulatory. However, […]

Read More >>

Key Points from Housing Seminar at Loyola Marymount University

For the third year in a row, I was fortunate to be invited to speak as the residential real estate expert at the LMU faculty housing seminar, which was conducted this week on campus. The turnout generally consists of tenure or tenure track faculty who are looking to put down roots in LA and hope […]

Read More >>

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 […]

Read More >>

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 […]

Read More >>

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 […]

Read More >>

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 […]

Read More >>

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 […]

Read More >>