Playa Vista, CA Market Report, for January 2009

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708

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  

 

Comments (12)

Bradley Giles
The Heger Company - Los Angeles, CA

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

Feb 05, 2009 12:14 PM
Dom Naidoo
Westside Properties - Venice, CA
Malibu to the Marina Real Estate

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

Feb 05, 2009 12:33 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

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

Feb 05, 2009 07:59 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

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

Feb 05, 2009 08:00 PM
Teresa Berry
Seattle, WA

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

Feb 06, 2009 05:03 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

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

Feb 06, 2009 06:44 PM
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

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!

Feb 08, 2009 11:39 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Silvia, thank you for your positive and constructive input.

Feb 08, 2009 06:42 PM
Toula Rosebrock
Diane Turton, Realtors, Forked River, NJ - Lacey Township, NJ
Broker/Sales Associate, Realtor, Lacey Township,

Hi Endre:

Nice market reports you do for your areas.

Glad to hear that you are busy there...I'm sure it will translate into $ale$ soon!

ToulaRosebrock.com

Feb 11, 2009 10:53 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Toula, Thank you for stopping by.

Feb 15, 2009 10:42 AM
JB Brookman
JB Brookman Photography - Franklin, TN
High School Senior Portrait Photographer

Endre- thanks for the market report on Playa Vista!  Keep em coming- great job!

Feb 15, 2009 05:58 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

JB  will have one next month as well, thank you for dropping by.

Feb 16, 2009 05:43 PM