Playa Vista Market Report: February is Tackling Home Sales, Home Price Index, Plus This Month’s Calendar!

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 escrow and 3 additional homes are in negotiations with multiple offers. The latter 3 homes will likely carry the ball into escrow by early next week.

S&P Dow Jones Indices released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. The recent Data released for November 2017 indicates that home prices remained constant in their rise across the country over the last 12 months. The National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.2 percent annual gain in November, up from 6.1 percent in the previous month. The 10-City Composite annual increase shows 6.1 percent, up from 5.9 percent over the previous month. The 20-City Composite posted a 6.4 percent year-over-year gain, which is up from 6.3 percent the over previous month. Seattle, Las Vegas, and San Francisco reported the highest year-over-year gains among the 20 cities. Here is a summary for November 2017 numbers:

Part of the enjoyment of living in Playa Vista is the relaxed and walkable lifestyle. The February calendar of community events is here and the two events that I will be attending are:

Playa Vista Community Blood Drive
Sunday, February 11th
The CenterPointe Club Great Room
9am – 3pm
Help save lives by donating blood at the Playa Vista community blood drive! Sign up today on the American Red Cross website!

Friends of Ballona Wetlands Beginner Birding & Creek Cleanup
Saturday, February 17th
303 Culver Blvd., Playa Del Rey
9am – 11:30am
Help the Friends of Ballona Wetlands restore the creek while learning about native birds, plants and our coastal ecosystems. Ages 7+ recommended and closed shoes are required. Gloves and equipment are provided. For more information please call (310) 306-5994 or visit the Friends of Ballona Wetlands website.

For the complete list of events, please see the link here:

February Fun in Playa Vista

Finally, several buyers asked me about the move of Amazon and Apple to nearby Culver City. Although it was in last week’s newsletter, here is a quick recap – Apple will be leasing 128,000 square feet of office spaces in nearby Culver City’s fashionable art gallery district and Amazon will be expanding its SoCal presence with an additional 280,000 square feet of space in downtown Culver City. This is welcome news that these two tech giants will be joining in expanding the Silicon Beach footprint to the east. Our community continues to grow and thrive!

For more information about any of the new homes or other properties featured in this newsletter or this week’s open house schedule, please feel free to contact me. I am happy to offer you additional insights about the community, Playa Vista Elementary School and the dynamic marketplace.

Enjoy your Super Bowl weekend!

Winnie Licht
Broker, Realtor ®
CalBRE #01272501
Palm Realty Boutique
Phone: 310-745-7468

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