I have been reporting a rather dreary lack of housing inventory for several months now. As a result, the effect is a sizable drop in the number of homes sold. As reported by California Association of Realtor®, statewide, “the housing market dropped Continue reading Playa Vista Market Report: Check Out a New Luxury Home That Deserves the Olympic Gold!
For the majority of the past two years, we have become accustomed to mortgage rates being under 4%. The last upswing in interest rates was immediately after the 2016 election when mortgage interest rates shot up almost 0.40% in a Continue reading Playa Vista Market Report: Mortgage Rates to Rise Soon and Phase One Pricing Released for Seabluff Playa Vista!
As of today, there are 8 active listings in the Playa Vista condo resale market. Since the start of the new year, nine new listings have gone into escrow. The new inventory becoming available is at or about the same rate Continue reading Playa Vista Market Report: Digit Inventory Inspires Buyers to Pay More and Concerto Lofts is Leasing a Beauty!
We are just starting the first week of February, the market is definitely scoring some touchdowns! Among the 7 new listings that kicked off last week in the Playa Vista condo resale market, 4 of them are already pending in Continue reading Playa Vista Market Report: February is Tackling Home Sales, Home Price Index, Plus This Month’s Calendar!