The Playa Vista, CA Market Trends Report is published...

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708
https://activerain.com/droplet/5cBk

The Playa Vista, CA Market Trends Report is published... now if you are not familiar with this community to give you a quick refresher. This was the latest planned urban development (PUD) in Los Angeles in the past sixty years. It is located about two miles from the Pacific Ocean between Playa Del Rey, CA and Marina Del Rey, CA. What makes this so desirable is because Google, Yahoo and all the other Tech Start Up Companies are walking distance to this community. It has become so trendy that there are waiting lines for the new construction that is being built.

So with that said let's look at the Statistics:

I decided to do the Median Days on the market to set the stage. Clearly 11 days on the market tells you what is about to follow higher prices and multiple offers.

Now let's look at the homes that are available for sale:

As you can see there is a very tight supply so do not be surprised what direction the prices will be...

As I have been advising all potential buyers on the West Side of Los Angeles,CA nothing changed. My advice is if you are considering buying do not wait. The longer you wait the more it will cost you. Well just look at the above chart for the past three years month over month comparison will tell you DO NOT WAIT, buy now...

If you are looking for a focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly!

If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com  I contribute a portion of my commission to local animal rescue organizations.

 

 

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Rainmaker
1,174,493
Kat Palmiotti
Grand Lux Realty, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Wow, 11 days on the market, and prices 17% higher than last year. That market is sizzling - and being within walking distance of major tech companies certainly  is a big part of that!

Jun 04, 2018 03:29 AM #1
Rainmaker
2,833,469
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

I can understand why this area is so popular with all the tech companies so close. This is a hot market!

Jun 04, 2018 04:09 AM #2
Rainmaker
716,808
Joyce Marsh, Daytona Beach Florida
Premier Sotheby's International Realty - Daytona Beach, FL
Waterfront and Coastal Lifestyle Properties

Playa Vista sounds like great place to live if you are working in the tech field. With such a high demand, and limited properties available, buyers would be smart to consult with you to stay on top of the local market. 

Jun 04, 2018 04:16 AM #3
Rainmaker
4,248,557
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Endre.  Thanks for keeping us informed about the real estate market in Playa Vista, CA.

Jun 04, 2018 04:54 AM #4
Rainmaker
862,741
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Endre Barath, Jr. - Playa Vista is a hot market fueled by all the tech companies within walking distance. Very nice!

Jun 04, 2018 05:34 AM #5
Rainmaker
2,646,531
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Endre. Always interesting to hear about the market in California. It never ceases to amaze me. Enjoy your day!

Jun 04, 2018 05:50 AM #6
Rainmaker
1,318,544
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Endre, your insight on the Playa Vista market is priceless. Spot on advice, do not wait if you're planning on buying. All buyers need to do is contact you to get started. 

Jun 04, 2018 06:16 AM #7
Rainmaker
2,880,201
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Endre- - -while there is some controversy about such development in Los Angeles,  I like seeing how this community has "grown" since its inception.  The advantages are obviously numerous in my opinion. 

Jun 04, 2018 06:43 AM #8
Rainmaker
1,089,073
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Endre

Pretty spectacular price increases fore the last 2 years. cheers cvc

Jun 04, 2018 10:48 AM #9
Rainmaker
2,707,596
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kat Palmiotti  virtually every pocket of Los Angeles is in that 11 day range....Endre

Jun 04, 2018 10:56 AM #10
Rainmaker
3,996,254
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing.

Jun 04, 2018 01:25 PM #11
Rainmaker
1,405,393
Yolanda Cordova-Gilbert
Sitterle Homes - Richmond, TX
Sitterle Homes

Endre,

I was never in the industry when they lined up for new construction now it is very hard work for every sale!

Jun 04, 2018 01:43 PM #12
Ambassador
3,470,066
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Endre 11 average days on the market is hardly enough time for the ink to dry on the sales contract

Jun 04, 2018 05:23 PM #13
Rainmaker
4,601,759
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will appreciate your local real estate market reports.

Jun 05, 2018 06:09 AM #14
Rainmaker
419,701
Michael Eisenberg
eXp Realty - Bellingham, WA
Bellingham Real Estate Guy

And I thought I was in a hot market, your's is sizzling.

Jun 07, 2018 08:16 PM #15
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Rainmaker
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Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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