Not only does the resale market in Playa Vista have limited inventory, the rental market is very active. One example: last year, a 1,400 sq. ft., 2 bedroom + 2.5 bath condo leased for $2,950 per month. The same floor Continue reading Playa Vista Market Report: Playa Vista Rental Market
Throughout this year, I’ve written frequently about the limited inventory in Playa Vista resale condo market. Normally, when there is limited supply, overall prices may adjust upward as demand continues and desirable listings receive multiple offers. Although we have seen Continue reading Playa Vista Market Report: Seller’s Market, Buyer’s Market, or No Market?
Last week, I reported a bank owned one-bedroom condo that sold for 12% above the asking price. Apparently, that spike is not an isolated incident. There have been four recent escrow closings since the end of September to current in Continue reading Playa Vista Market Report: October Market Report
In the past week, I’ve witnessed several spikes in the Playa Vista condo resale market in spite of the limited inventory. Buyers are drawn to both the great values seen with bank owned REOs and properties that appeal to them Continue reading Playa Vista Market Report: Top Picks for Week of October 7th