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 …

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 …

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 …

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 …

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) …

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: …

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 …

Retail Center for Phase II Moving Forward

The California Supreme Court recently declined to hear the legal challenge to the 111-acre Village at Playa Vista, paving the way for a central shopping area providing for wide ranging services such as grocery shopping, pharmacy, restaurants, and a movie theater that the area has lacked.  This commercial element had been in the works for years …

Recent Trends in Buyer Demand in Playa Vista – A Plea to Developers of Phase II

In the last few months, I have noticed a few things about buyer demand trends in Playa Vista: – 2 bedroom units under $450,000 are scorching, even smaller ones. – 1 bedrooms are less in demand than previously, probably due to the large drop in prices for small 2 bedroom …

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