The latest Playa Vista Market Trends Report is published...

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

Most of you who read my blog posts know I love the latest Planned Urban Development in Los Angeles. It has been the first one since about fifty years ago that was created and it is like a little mini city within Los Angeles with everything you can immagine. Dog Park, Community Center, Pool, Gym and numerous Restaurants and Grocery Stores to name a few.

 www.endrebarath.com

By popular demand a few of you asked could you share more about Playa Vista, CA. So with that said I had to take  some one of my previous posts and share with you a cut and paste, for those who missed it:

 

Playa Vista has an interesting background. Geographically it is located north of Los Angeles International Airport affectionately known by the locals as LAX. This used to be the headquarters of Hughes Aircraft Company from 1941 to 1985. Howard Hughes developed Marina Del Rey for his employees to make it convenient for them to go to work i.e.: less than two miles.

The original location of Playa Vista was the home, or should I say this is where Howard Hughes began developing and constructing the “Spruce Goose” aircraft also known as the Hughes H-4 Hercules. Prior to the Hughes Aircraft Company most of the land was wetland connected with a large salt-march also known as Marina Del Rey. These wetlands were part of the larger Ballona Creek watershed which was Playa Del Rey, Venice and part of Los Angeles.

So, it is very appropriate that today the Playa Vista development has become the go to address for technology, media and entertainment business and now affectionately known as Silicon Beach.

 www.endrebarath.com

Just to give you an idea when Diane & I  relocated from Boston, MA to Los Angeles ( 1998), Playa Vista was still mostly marshland and Dream Works had visions of building a movie Studio. The neighboring price speculations caused properties to skyrocket and then Dream Works stopped the project and so there was a huge drop in price points. In the mean time other developers were working with the city and the country to create the most modern, green development using energy saving systems and design techniques that promoted conservation. Numerous Battles with environmentalist, political back door maneuvers Playa Vista became a Reality.

 

 

These are the ones that are Re-Sale figures only. They of course compete with some of the new homes that are still coming on line. Interestingly the newer ones are a bit smaller, hence the re-sale ones become more desirable.

 

 

We have went through an adjustment period and you can see the difference in the properties pending not just in Playa Vista but neighboring communities as well.

 

In the big picture you can see things are not as bad as we preceive them if you look at the three year comparison it is virtually identical.

 

www.endrebarath.com

 

Hope you will enjoy my new Google Map which shows where Playa Vista is Geographically, between Marina Del Rey, LAX as in Los Angeles International Airport and Westchester.

 

 

 

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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Rainmaker
572,839
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

Great report on Playa Vista, Endre. An experienced Realtor like yourself can interpret the data for interested home buyers. I love the addition of the map. Good job!

Apr 07, 2019 09:29 PM #1
Rainmaker
3,153,621
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Pat Starnes-Front Gate Realty thank you for stopping in, you inspired me to do the Google Maps and it was a bit challenging:) but thanks to Liz and Bill Spear  explanation, I managed to get it done, Endre

Apr 07, 2019 09:33 PM #2
Rainmaker
795,728
Diana Zaccaro
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Endre, The map is a nice touch and really does give a visual idea of location. I need to start inserting charts and graphs in my market reports as you do. They really make it easy for anyone to see the market at a glance. Diana

Apr 07, 2019 10:09 PM #3
Rainmaker
3,153,621
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Diana Zaccaro  a work in progress, I just learned the map feature:)Endre

Apr 07, 2019 10:19 PM #4
Rainmaker
977,468
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Great marketing report. I need to do the same for me.

All the best,

Sam Shueh

Apr 08, 2019 09:13 AM #6
Ambassador
1,899,076
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Endre Barath, Jr. Now we can see exactly just where you are. The map is an awesome touch on your Playa Vista Market Report. When my clients are going to relocate to LA you are the agent that comes to mind. I would feel confident in referring them to you. 

Apr 09, 2019 02:28 PM #8
Rainmaker
3,153,621
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Sam Shueh  thank you for stopping in, Endre

Apr 09, 2019 04:15 PM #9
Rainmaker
3,153,621
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Hannah Williams  I will start this approach now for most of my Market Trends Reports, thank you for the inspiration and the kind words, Endre

Apr 09, 2019 04:16 PM #10
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Rainmaker
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Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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