Posts Tagged ‘Real Estate’

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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Major Lenders Underwhelm in Customer Service

On two recent listings, I have been dismayed at the customer service of two major lenders that were obtaining financing on behalf of the buyer, the tweedle dumb and tweedle dumber of residential lending, Wells Fargo and Chase. On the Wells Fargo transaction, the buyer requested a 45 day escrow which was agreed to by […]

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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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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 units. – Nice, large 3 […]

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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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