Playa Vista | Home Sales | Real Estate | Homes & Condos For Sale | REO

Playa Vista Market Report: Unveiling The New Homes in Phase 2, Playa Vista…

May 9, 2013 – 10:21 pm
Discussion of the Next Phase of Playa Vista has been aloft for months. This week, Playa Vista debuted its official new website, www.PlayaVista.com, which features a stylish new look and releases key information about the homes planned in the next phase of the community. That these homes are designed to be a significant step up from the majority of the homes here in Phase One is very perceptible. For example: One distinct feature for the new collection of homes is that they will have their own private 2-car garage! Two of the neighborhoods will consist of approx. 1,600 to 2,500 sq. ft. of single level condominiums with 3 to 4 bedrooms above private, 2-car garages. The other three neighborhoods will consist of detached single family homes, ranging from 2,100 sq. ft. to 4,000 sq. ft. with 3 to 5 bedrooms. Below are schematic drawings and information about each of these exciting developments. Should ...

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Playa Vista Market Report: 3 Bedroom Options in Playa Vista

May 3, 2013 – 10:43 am
Recently, I’ve been getting a lot of inquiries for 3-bedroom units in Playa Vista. These homes are typically categorized as the move-up homes that can accommodate growing families or homeowners that are downsizing from a much larger home. In Phase Two of Playa Vista, some of the early releases will have floor plans that address this growing demand. In the meantime, if you’re in the market for a 3-bedroom home, I have posted some options for your consideration below. At the top end, you will find detached single family homes with private garages, also a 2,700 sq. ft. top floor condo with 3-bedrooms plus a loft. Next, there is the ever popular Primera Terra, with a smart floor plan layout all on the same level. Lastly, there are two 3-bedroom conversions where owners were able to strategically close off a den to constitute an enclosed bedroom. Below, you will find the available ...

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Playa Vista Market Report: Great picks of the week!

April 26, 2013 – 11:34 pm
Among the closings in April, properties are selling, on average, 102% above asking price. This is also, true for the 10 pending listings this month as the majority of them are in escrow for at or above their asking price. On the flip side, a handful of listings were withdrawn this week due to sellers not able to get their asking price.  This was disappointed and unexpected, having an effect on overall inventory, which dropped back down to less than 20. This by no means indicates a problem with the properties. So, if you’re looking to buy now is still the time to do so.   Below are my top three picks for the week:   5935 Playa Vista Dr. #412 – 2bd+ofc+2.5ba, approx. 1,399 sq. ft. This is a real gem in one of the most sought-after buildings in Playa Vista. Picture the serene, top floor, townhouse-style condo, located in the Spanish style Villa d'Este ...

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Playa Vista Market Report: Runway construction is underway.

April 19, 2013 – 9:11 pm
With a handful of new available Playa Vista condo listings during the past week, several lucky sellers are now in negotiation, considering multiple offers. With many of the new listings debuting in the $700K or less price range, most of the activities are focused on these entry level homes in Playa Vista. However, the higher-end or move-up properties are also getting their fair share of interest. Last week, a three bedroom single family home, listed at $1.25M, returned to the market. In less than a week, after multiple offers, this home was back in escrow. This week, both The Wall Street Journal and the Los Angeles Times posted news releases that Runway construction is well underway for the mixed use lifestyle center, offering shopping, dining, and entertainment all within walking distance from the homes in Phase One. Some of the future stores at Runway will be: Whole Foods, Cinemark, CVS, and ...

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