Playa Vista Market Report: Vanishing Inventory, Rising Home Values & a Beautiful New Townhouse Open this Weekend!

With only 5 active listings on the Playa Vista condo resale market, new listings are debuting as quickly as they disappear from the MLS.

This week’s article on October 24th in the Los Angeles Times titled; “Home prices in Southern California reach bubble-era highs” discussed what we’re seeing in Playa Vista is simply a reflection of what is happening in the overall SoCal real estate market. Median housing prices have risen considerably in the six-county region from one year ago. Although this is an affordability concern throughout the state, the rise is driven by the improving economy and not risky sales. Furthermore, housing inventory is low due to neighborhood opposition and environmental regulations that hinder construction of new homes. Fortunately, that may change in the near future.

This week, we’re thrilled to introduce a top floor, 2-story, townhouse style residence. Come join us for the open house as this is a can’t miss opportunity! Here are the details:

FIRST OPEN HOUSE on Sunday, 10/29, from 2pm to 5pm!
Carabela #309 – 12975 Agustin Place #309 | 3 Bd + 2.5 Ba + 2 Balconies + 2 Side-by-Side
Approx. 1962 Sq. Ft. | Total HOA for PVPAL & Carabela is $731 | Offered at $1,195,600

Perfectly located just a heartbeat away from restaurants and stores, and right around the corner from The Resort and Whole Foods – Welcome to the quintessential Playa Vista home. This top floor, townhouse-style condo exudes the warmth & elegance of a traditional home. It features a versatile & popular floor plan with two bedrooms upstairs and a full size den (or possible 3rd bedroom) downstairs. Other highlights of this exceptional residence also include: a cook’s kitchen with SS appliances, warm-hued granite counters, full-height designer back-splash, raised panel cabinetry and a generous, eat-at center island perfect for causal Sunday brunch; a Great Room with 10 foot soffited ceilings & dual-sided fireplace; balcony access from living room and den; a splendid Master suite with extra-high ceilings, French door to open balcony, spa-like master bathroom & walk-in closet; recessed lighting for added ambiance; full sized laundry room; and Side-by-Side parking. Pleasing to all the senses, you will love calling this home.

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 information about the community, Playa Vista Elementary School and the dynamic marketplace.

Have a magnificent 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

 


Featured Homes

IN ESCROW in just one week!
Tempo #442 – 6020 Seabluff Dr | 2 Bd + 2 Ba + Balcony + 2 Non-Tandem Parking Spaces
Approx. 910 SF | Total HOA for PVPAL & Tempo is $556 | Offered at $755,500

IN ESCROW quickly!
Coronado #408 – 7100 Playa Vista Drive | 2 Bd + Ofc + Loft + 3 Ba + Tandem Parking
Approx. 1,892 SF | Total HOA for PVPAL & Coronado is $688 | Offered at $1,145,000

JUST SOLD FOR $70,000 OVER ASKING! HIGHEST PRICED PLAN 3 IN ESPLANADE!
Esplanade #404 – 13080 Pacific Promenade | 2 Bd + 2 Ba + Storage + Side-by-Side Parking
Approx. 1,355 SF | Total HOA for PVPAL & Esplanade is $547 | Offered at $895,000

JUST SOLD FOR $25,000 OVER ASKING! HIGHEST PRICED HOME SOLD IN ICON-CIELO IN 2017!
13077 Bluff Creek Drive in Icon | 4 Bd + 2 Ofc + 3 Full Ba + 2 Powder + 2 Balconies
Approx. 3,860 SF | Total HOA for PVPAL & Icon is $481 | Offered at $2,360,000

1JUST SOLD FOR $13,000 OVER ASKING!
The Lofts #213 – 13020 Pacific Promenade | 2 Bd + 2 Ba + Large Balcony
Approx. 1,090 SF | Total HOA for PVPAL & The Lofts is $670 | Offered at $812,000

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SOLD AS THE HIGHEST PRICED PLAN 3 IN BRIDGEWAY MILLS!
Bridgeway Mills #19 – 5400 Playa Vista Dr. 
| 2 Bd + Loft +2.5 Ba + 3 Patios + 3-car garage Approx. 2,050 SF | Total HOA for PVPAL &  BWM is $690 | Sold at $1,240,000

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LEASED!
6315 Para Way | 3 Bd+Den+3 Full Ba+2 Powder+3-Car Garage
Approx. 3,585 SF | Offered at $8,300 per month

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IN ESCROW IN JUST 1 WEEK AND SOLD FOR $35,000 ABOVE ASKING!
Serenade #128 – 13031 VIllosa Place #128 
| 2 Bd + Office +2.5 Ba + 2 Patios + Storage cage
Approx. 2,020 SF | 
Total HOA for PVPAL & Serenade is $759 | Sold at $1,225,000

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IN ESCROW WITHIN 3 DAYS AFTER DEBUTING & SOLD AT ASKING!
Tapestry II #3 – 6020 Celedon Creek 
| 3 Bd + Large Room of Garage + 2.5 Ba + 2-car garage Approx. 2,140 SF | Total HOA for PVPAL & Tapestry II is $630 | Sold at $1,376,500

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SOLD FOR $123,000 OVER ASKING AND CLOSED IN 21 DAYS!
Esplanade #309 – 13080 Pacific Promenade | 2 Bd + Office + Alcove + 2.5 Ba + 2 Balconies Approx. 1,653 SF | Total HOA for PVPAL & Esplanade is $572 | Sold at $1,108,000

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SOLD FOR $20,000+ OVER ASKING IN 1 WEEK!
Carabela #336 – 12975 Agustin Pl 
| 2 Bd + 2.5 Ba + Patio | Approx. 1,640 SF
Total HOA for PVPAL & Carabela is $650 | Sold at $950,00 

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