The Playa Vista Real Estate Market Activity Review for 2018 is published...
Most of my regular readers are familiar that this is the latest Planned Urban Development in Los Angeles. Before this one the last Planned Urban Developement (PUD) was about 60 plus years ago.
This is a community with its own Post Office, Numerous Restaurants, Banking Facilities, Dry Cleaners and the list goes on an on. There is virtually no reason to leave the community. Hence the New Start Up Company employees, the Google & Yahoo employees by natural progression have gravitated to this community. Hence in the past few years the prices have dramatically increased.
The other benefit is that it is less than three mile to the Pacific Ocean and less than two miles to Los Angeles International Airport (LAX). the best part is you do not hear the planes since it is not in the take off or landing patterns of LAX.
So let me show you the actual numbers:
Listing Status
| Status | Count |
|---|---|
| Active | 29 |
| Active-Contract | 3 |
| Pending | 4 |
| Sold | 100 |
| Total | 136 |
Statistical Summary
| Statistic | Bedrooms | Bathrooms | Square Feet | List Price | Sold Price | DOM |
|---|---|---|---|---|---|---|
| Minimum | 1 | 1.00 | 642 | $466,530 | $466,530 | 0 |
| Average | 2 | 2.75 | 1,594 | $1,157,103 | $1,162,941 | 35 |
| Median | 2 | 3.00 | 1,550 | $998,500 | $1,032,500 | 27 |
| Maximum | 4 | 4.00 | 3,130 | $2,395,000 | $2,360,000 | 135 |
| Total Volume | $157,366,092 | $116,294,168 |
DOM and Average % of List Price received on Solds Statistics
| Statistic | 0-30 Days | 31-60 Days | 61-90 Days | 91-120 Days | 120+ Days |
|---|---|---|---|---|---|
| No. of Listings | 59 | 30 | 7 | 4 | 0 |
| Breakdown % | 59.00 | 30.00 | 7.00 | 4.00 | 0.00 |
| Avg SP%LP | 100.76 | 99.56 | 99.51 | 100.99 | 0.00 |
If you are looking for a knowledgeable, 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 https://www.endrebarath.com I contribute a portion of my commission to local animal rescue organizations.
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