It seems every week breaks the selling record of the previous week and last week was no exception with yet another record breaker for the Playa Vista condo resale market. On Monday, the already low inventory temporarily dipped to just Continue reading Playa Vista Market Report: Another record breaking week!
Three new listings debuted last week ranging from a small two bedroom condo offered at $450K to a rare three bedroom townhouse listed at $830K. All three properties received multiple offers. Prices were bid up from as low as 5% Continue reading Playa Vista Market Report: 10% – 15% Price Gain from a Year Ago!
The official numbers are in. Per a recent article in The Los Angeles Times, ‘32.4% of all home sales in California in 2012 were cash purchases.’ This staggering number is more than twice the amount that was seen when Continue reading Playa Vista Market Report: Cash buyers on the rise!