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Insider's Guide to Real Estate in Playa Vista
7/16/2022: 5 signs the housing market is finally cooling down
This Week's Contents
1. This Week in Playa Vista
2. A Yorkie's Guide to Visiting Dog-Friendly Playa Vista, CA
3a. Phase 1 - Single Family Homes For Sale: 2 listings (1 new!)
3b. Phase 2 - Single Family Homes For Sale: 2 listings
3c. Phase 1 - Condos/Townhomes For Sale: 11 listings (3 new!)
3d. Phase 2 - Condos/Townhomes For Sale: 4 listings (1 new!)
4. This week's avg 30-yr fixed-rate: 5.51%
5. 5 Signs the Housing Market Is Finally Cooling Down
6. As the US Housing Market Starts to Cool, Researches Say These Cities Are Primed for a Price Drop
7. Statistics - Playa Vista Homes Recently Sold
8. Illustrated Playa Vista Map
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A Yorkie's Guide to Visiting Dog-Friendly Playa Vista, CA
by Roger Wellington The Travelling Yorkie, Wetnose Escapades, 7/13/2022
On the Westside of Los Angeles lies the ultra-hip neighborhood of Playa Vista, an up-and-coming area that started developing in 2002 as a planned residential, commercial and retail community. Playa Vista is one of the few areas in Los Angeles where homelessness is practically nonexistent. WOOF, yet it makes pawfect sense — as in the words of my human's friend who just bought property here, Playa Vista feels like "a gated community without any gates." Just minutes away from the beach and LAX, this neighborhood with roughly 10,000 residents and 3,400 homes may feel like a separate entity from the city of Los Angeles; however, it is actually part of the city with its own zip code.
Read more by Roger Wellington The Travelling Yorkie at: Wetnose Escapades
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A. Phase 1 - Single Family Homes For Sale
Last week: 1 listings at $1,987,000
This week: 2 listings, $2,081,000 avg price, 1 new!
Capri Court, 5740 Kiyot Way
$1,987,000 | 3BR, 4BA | 2376 SF
MLS #22-165123
Matisse, 13019 Bluff Creek Drive
$2,175,000 | 4BR, 3BA | 2532 SF
new! MLS #SR22145188CN
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B. Phase 2 - Single Family Homes For Sale
Last week: 2 listings, $2,687,500
This week: no change
The Collection, 12673 Bluff Creek Drive
$2,700,000 | 3BR, 4BA, | 2624 SF
MLS #22-174225 - open Sat (7/16) & Sun (7/17)
The Collection, 12652 Seacoast Place
$2,675,000 | 3BR, 4BA, | 2624 SF
MLS #22-161853 - open Sat (7/16) & Sun (7/16)
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C. Phase 1 - Condos/Townhomes For Sale
Last week: 9 listings, $1,409,667 avg price
This week: 11 listings, $1,347,455 avg price, 3 new!
Carabela #110, 12975 Agustin Place
$1,399,000 | 3BR, 3BA | 1860 SF
new! MLS #22-162137 - open house Sat (7/16)
Carabela #321, 12975 Agustin Place
$1,299,000 | 3BR, 3BA | 1840 SF
MLS #22-119317 - open house Sun (7/17)
Chatelaine #406, 5721 Crescent Park
$1,895,000 | 3BR, 3BA | 2346 SF
MLS #22-164329
Coronado #319, 7100 Playa Vista Drive
$997,000 | 2BR, 2BA | 1210 SF
new! MLS #22-178585 - open house Sat (7/16)
The Dorian #106, 6241 Crescent Park
$1,700,000 | 3BR, 3BA | 2400 SF
MLS #22-165995
The Lofts #217, 13020 Pacific Promenade
$1,149,000 | 3BR, 2BA | 1480 SF
new! MLS #22-173739 - open house Sun (7/17)
Paraiso #103, 13173 Pacific Promenade
$1,350,000 | 3BR, 3BA | 1812 SF
MLS #22-158985 - open house Sun (7/17)
Primera Terra #161, 12920 Runway Road
$1,295,000 | 3BR, 2BA | 1310 SF
MLS #22-175753 - open house Sun (7/17)
Tapestry, 5700 Seawalk Drive #11
$2,090,000 (increased) | 3BR, 4BA | 3207 SF
MLS #22-135999
Waterstone #227, 6400 Crescent Park
$799,000 | 2BR, 1BA | 960 SF
MLS #22-160153
Waterstone #417, 6400 Crescent Park
$849,000 | 2BR, 1BA | 1010 SF
MLS #22-171207 - open house Sat (7/16)
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D. Phase 2 - Condos/Townhomes For Sale
Last week: 3 listings, $2,006,333 avg price
This week: 4 listings, $2,103,500 avg price, 1 new!
Camden, 12518 Fielding Circle #1
$1,779,000 | 3BR, 2BA | 1601 SF
MLS #22-176297 - open house Sun (7/17)
Camden, 12895 Runway Road #2
$2,375,000 | 4BR, 4BA | 2224 SF
MLS #21-100687
Mason, 5848 Suncatcher Place #1
$1,865,000 | 3BR, 2BA | 1880 SF
MLS #TR22135463MR - open Sat (7/16) & Sun (7/17)
Skylar, 12642 Sandhill Lane #1
$2,395,000 | 4BR, 4BA | 2638 SF
new! MLS #OC22156006MR
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This week's avg 30-yr fixed-rate: 5.51%
Mortgage rates are volatile as economic growth slows due to fiscal and monetary drags. With rates the highest in over a decade, home prices at escalated levels, and inflation continuing to impact consumers, affordability remains the main obstacle to homeownership for many Americans.
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5 Signs the Housing Market Is Finally Cooling Down
by Sarah Hansen, Money, 7/12/2022
Talk about a turnaround: After two years of extreme bidding wars, packed open houses and sky-high prices, the housing market is finally starting to cool off.
While experts generally agree that the United States is not headed for a housing crash like the one that precipitated the Great Recession, some say there’s a risk of a correction — a type of pullback that’s typically more common and less intense than a crash.
Whether you're predicting a cooldown or correction (or neither), there’s no doubt the housing market today is very different than it was in 2020. Nobody can predict the future, but for those determined to read the tea leaves, here are five signs the U.S. housing situation may be finally slowing down:
Read more by Sarah Hansen at: Money
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As the US Housing Market Starts to Cool, Researches Say These Cities Are Primed for a Price Drop
by Lauren Bird, Moneywise, 7/14/2022
If you’ve been squeezed out of the tight housing market over the past couple of years waiting for the opportunity to buy, you might finally be getting your chance – and some places are already looking more attractive for buyers.
The housing market is beginning to cool and cities that have seen an “influx of affluence” as Rick Palacios, Jr. calls it, may see prices drop the farthest.
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He’s predicting a significant downturn in the housing market in Boise, Austin, Nashville, Phoenix, Sacramento and other cities where prices climbed during the COVID-19 pandemic as more people moved to them.
Read more by Lauren Bird at: Moneywise
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Statistics - Playa Vista Homes Recently Sold
Condominiums - Sold in May
Avg List Price of homes sold: $1,303,989
Average Sold Price: $1,328,236
Average Sold $/SF: $867.73
No. Homes Sold: 10
Sold Range: $858,000 - $2,000,000
Single Family Homes - Sold in May
Avg List Price of homes sold: $2,959,333
Average Sold Price: $2,976,667
Average Sold $/SF: $908.91
No. Homes Sold: 3
Sold Range: $2,055,000 - $3,500,000 source: data compiled from The MLS
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Brought to you by Playa Vista Premiere
The hardest working team in real estate
Dennis Hsii, MBA
CalDRE License #01919746
dennis@playavistapremiere.com
(844) 99-PLAYA
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