Posts Tagged ‘Home Values’

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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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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Takeaways from Buyer Trends Panel

Last week I participated on a panel of agents from around North America at Keller Williams’ Family Reunion convention in Dallas.  Represented were an agent team from Ottawa, Ontario that closed over 300 transactions last year among nine agents.  Also on the panel were agents from Nashville and Chicago whose teams closed between 50-100 each last […]

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Phase II Housing and What it Means for You

We’ve known for some time that there is more housing coming to Playa Vista, East of the current development.  It’s only recently that it has been announced what some of the new home product will be.   The following (partial) list of properties expected to be built was taken from Playa Vista Today: 1.  Brookfield homes will be […]

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Holidays to Start Early for Potential Playa Vista Sellers, Buyers: “Memo Not Received”

Having recently been through three multiple offer situations for one buyer client and finally securing the third and best property over the weekend, it is clear that this is not a healthy real estate market.  Sellers have not been in a position of power like this in 7 years and now wield their long-relinquished power […]

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Supply and Demand Issues and Implications for Playa Vista Buyers and Sellers

The title of this post seems like the title for a dissertation.   There is certainly plenty to write on the subject, however this will be a synopsis of the issues as I realize this blog post is meant to be interesting as well as informative. As you may know, there was a higher percentage of distressed properties […]

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Rare, 3 Bedroom/3 Bath Single Level Generates Significant Interest

The Dorian is unquestionably the most prestigious building in Playa Vista.  Even the neighbors at Chatelaine would (or should) admit that Standard Pacific’s version 2.0 45 unit condo project is not only 4 years newer, but is a tad spicier.  While no one can argue Dorian’s appeal, Standard Pacific did not time the release of […]

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Prices Set to Rise in Playa Vista

After several years of price declines, the demand/supply ratio has shifted in 2012.  Pent up demand combined with affordability and consumer confidence in addition to optimism on Playa Vista’s reputation moving forward has contributed to an inventory shortage that will be observed as median price increases before EOY 2012. For 2 bedrooms sold in the last 6 […]

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Playa Vista Elementary Set to Open in August 2012

Last night a preliminary parent meeting was held at LMU for parents of prospective Playa Vista Elementary School students. PV Elementary is set to open August 14, 2012 and will be the official elementary school zone of all residents of 90094. With the toddlers and infants who moved with their parents to Playa Vista and […]

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