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Playa Vista, CA Market Report, for January 2009

One of my clients asked why I have not been providing Market Reports for the Playa Vista community. I explained that there has been another agent who has been doing that. My client informed me that this person has not done it in three months or longer. Hence, since there is a need, let me provide it. By the way if you are interested in Market Data for any other area, feel free to contact me directly and I will be more then happy to provide it for you.

For January 2009 there were 51 Active Listings on the market in this semi private community. Two (2) properties are in Escrow and the buyer has not removed the contingencies yet. There are three (3) properties that are in solid escrow. As well as the most valuable data is three (3) properties sold in January of this year.

This all seems like a market snap shot, so what I would like to do is frame this in relation to 2008 as well as 2007.

The 2008 figure is not much different then the 2009, in January 2008 four (4) properties sold.

The data is interesting, that everywhere in 2007 near by, there was a much larger volume of sales. So let's see how Playa Vista fared. Interestingly there were six (6) sales in January of 2007.

So you are wondering why there is such a minor difference. This is a planned community, the first one in fifty years in Los Angeles proper. Not everyone is attracted to such a community, as well as there is an additional cost that you have to pay above and beyond the community fees, that is for the infrastructure such as roads, sewer system etc.

So not every one can or wants to pay for that.

I love this community, since it was planned out so well. See my post about the Parks (Playa Vista ,CA. Parks Part #1).

So in conclusion starting today, I will provide you with monthly Market data as well as an annual summary for Playa Vista.

If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com or visit one of my websites at http://www.endrebarath.com

Posted by Endre Barath,Jr. on 02/05/2009 03:08 AM

Comments (12)

January 2009 Market Report, Playa Vista,CA in the ActiveRain Channel

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12 Comments on Playa Vista, CA Market Report, for January 2009

FEB

Thanks Endre. Playa Vista is a great area and this makes it easy to keep up.

Good post Endre. Helpful market information about the Playa Vista area. All the best.

FEB

Bradley, I agree it is such a well thought out community. I am glad you find this helpful.

Dominic, Thank you for dropping by and commenting. I am glad you find it helpful as well.

FEB

Hello Endre - Playa Vista, CA Market Report - Nicely Done!

Teresa, Thank you for commenting, nice to see you here,:))

FEB

Hi Endre, I think everyone takes a different approach to market reports, so I don't worry about someone else doing one as well. And just as every report might be different, readers also appreciate different ways information is presented to them. Good job!