Playa Vista Market Report: Seabluff Sales Gallery Opens Saturday, Market Activities Building with New Property & PVES Enrollment Tours!

This weekend is the highly anticipated opening of the sales gallery at Seabluff by The New Home Company. The builder will share virtual tours, floor plans, information about the buying process and a projected timeline. There may also be information about potential price ranges, but keep in mind that actual pricing information for individual units won’t be released until closer to an actual sales date. The Sales Gallery opens Saturday, January 20th, from 10am to 5pm. Thereafter, hours will be Monday through Friday 10am to 6pm, except Wednesday, which is 1pm to 8pm, and weekends 10am to 5pm. Below is a peek of a rendering of Seabluff showing a contemporary vibe, blending sustainable material and minimalist clean lines:

For the Playa Vista condo resale market, the very first listing in 2018 already went pending after receiving multiple offers. This past week, 3 new listings debuted and we’re slowly seeing signs of more activity building in the marketplace.

Many buyers are eagerly waiting for more inventory and wonder what might be expected in the coming months, especially when Google moves into the 319,000 “Spruce Goose” in October of this year. Here is an insightful and relevant post from the ever popular real estate website, Curbed LA, reporting What Will LA Homebuyers Face in 2018? The short answer is, “increased pricing and plenty of competition.” In a recent Zillow report, nationwide in 2017, 24.1% of homes sold did so at above list price. Per the same report, in Los Angeles, which is a more competitive market, 38% of homes sold above asking price last year. Per my recap of Playa Vista 2017 Market Report, over 65% of all condos sold, in 2017, concluded at or above the asking price! The numbers speak to the demand in Silicon Beach!

COMING SOON!
Coronado #411 – 7100 Playa Vista Drive | 2 Bd + 2 Ba + Full-sized Office + Balcony
Approx. 1,210 SF | Total HOA for PVPAL & Coronado is $649/month

A new home for the new year! Come enjoy the best of California coastal living in your very own, top floor, single level condo in Silicon Beach! This east facing condo is ideally located with stunning views of the LMU bluffs and swaying palm trees. The versatile floor plan comes with a full-size den that’s perfect as a home office, or can be closed off and transformed into a guest room. The designer kitchen features solid counters, light mocha cabinets and an open breakfast bar. Warm, wood-like, porcelain tile floors cover the main living area that opens to a sunny balcony with extra storage overlooking a tree-lined street. The master suite with extra high ceilings includes dual vanities, luxe soaking tub & oversize walk-in closet. Best of all, this home is centrally located across the street from the pools & gym at The CenterPointe Club and is a short walk to sports courts, playgrounds & the elementary school. Come and fall in love. We’re sure you’ll agree – THIS ONE REALLY HAS IT ALL!

Finally, a quick PSA about our neighborhood school. If you are interested in learning more about enrolling your child at Playa Vista Elementary School for the 2018-2019 school year, there are only two upcoming PVES tours. One on Tuesday, January 30th, and on February 13th. Click here to sign up.  All tours begin at 9am, and last approximately one hour.

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.

Have a great weekend!

Winnie Licht
Broker, Realtor ®
CalBRE #01272501
Palm Realty Boutique
Phone: 310-745-7468
Email: winnie@winnielicht.com
www.PlayaVistaHomeSales.com
THE PLAYA VISTA SPECIALISTS


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