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Insider's Guide to Real Estate in Playa Vista
11/26/2022: New-Home Sales Rose in October, Boosted by Higher-Priced Homes
This Week's Contents
1. This Week in Playa Vista
2. Sweet and Savory Gift Ideas to Kick Off the Holidays
3a. Phase 1 - Single Family Homes For Sale: none
3b. Phase 2 - Single Family Homes For Sale: 2 listings
3c. Phase 1 - Condos/Townhomes For Sale: 5 listings
3d. Phase 2 - Condos/Townhomes For Sale: 6 listings
4. This week's avg 30-yr fixed-rate: 6.58%
5. New-Home Sales Rose in October, Boosted by Higher-Priced Homes
6. Here's Why Home Depot and Lowe's Are Booming in a Housing Market Bust
7. Statistics - Playa Vista Homes Recently Sold
8. Illustrated Playa Vista Map
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THIS WEEK IN PLAYA VISTA
1. Farmers' Market
11/26 (Saturday) - 9am to 2pm along Millennium Drive
2. Zofia Day Co. Trunk Show
11/26 (Saturday) - 11am to 6pm at Alchemy Works (inside Free Market)
* Experience Zofia Day Co.'s new collection for a piercing party & trunk show
3. Small Business Saturday at Parker Clay
11/26 (Saturday) - 11am to 7pm at Parker Clay (inside Free Market)
* Get a head-start on sustainable gifting with the 30% sale
4. Cocoa & Carols
12/2 (Friday) - 6pm to 8pm at Runway Town Center next to the Ginger Bread House!
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Sweet and Savory Gift Ideas to Kick Off the Holidays
By Michele Stueven, LA Weekly, 11/22/2022
From pans to plates, snacks to SmorgasMart, and a sweet touch of Tahitian Gold, here are some sweet and entertaining gift ideas for the holidays.
...
Always a winner: One of our all-time favorite farmers market vendors, Arnett Farms, has a delightful selection of produce-inspired gifts including their pie-in-a-jar fillings like cherry, apple and peach, as well as their butters including pistachio and gingerbread almond. There’s also an assortment of jams including peach bourbon, Meyer lemon ginger marmalade, mission fig with orange zest, tangerine with chili flakes and strawberry lavender. Mix and match and make your own personalized gift box. Available online and at the Mar Vista, Culver City, Sherman Oaks, Calabasas, Playa Vista, Hollywood, Studio City, Larchmont Village and Manhattan Beach farmers markets.
Read more by Michele Stueven at: LA Weekly
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A. Phase 1 - Single Family Homes For Sale
Last week: none
This week: none
There are no new listings this week!
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B. Phase 2 - Single Family Homes For Sale
Last week: 2 listings, $3,939,995
This week: no change
Asher, 5825 W Seaglass Circle
$2,899,990 | 4BR, 4BA | 2757 SF
MLS #TR22239015MR
Jewel, 5912 Village Drive
$4,980,000 | 4BR, 6BA, | 4279 SF
MLS #SB22204850MR
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C. Phase 1 - Condos/Townhomes For Sale
Last week: 5 listings, $1,337,600 avg price
This week: no change
Concerto Lofts #109, 13045 Pacific Promenade
$1,040,000 | 1BR, 2BA | 1220 SF
MLS #22-218021
Coronado #407, 7100 Playa Vista Drive
$1,699,000 (reduced) | 4BR, 4BA | 2108 SF
MLS #22-203807
The Metro #136, 5625 Crescent Park
$1,250,000 | 2BR, 3BA | 1675 SF
MLS #22-189789 - open house Sat (11/26)
The Metro #320, 5625 Crescent Park
$1,499,000 | 3BR, 3BA | 2180 SF
MLS #SB22243806MR
The Metro #341, 5625 Crescent Park
$1,200,000 (reduced) | 2BR, 3BA | 1670 SF
MLS #22-209695
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D. Phase 2 - Condos/Townhomes For Sale
Last week: 6 listings, $1,978,000 avg price
This week: no change
Camden, 12887 Runway Road #4
$1,849,000 (reduced x2) | 3BR, 3BA | 1875 SF
MLS #22-207590 - open house Sun (11/27)
Camden, 12895 Runway Road #2
$2,200,000 (reduced) | 4BR, 4BA | 2224 SF
MLS #21-100687
Mason, 5848 Suncatcher Place #5
$1,845,000 (reduced) | 3BR, 2BA | 1780 SF
MLS #OC22158583MR
Seabluff #408, 6030 Seabluff Drive
$1,349,000 | 3BR, 2BA | 1300 SF
MLS #22-217191 - open house Sun (11/27)
Skylar, 12642 Sandhill Lane #1
$2,345,000 (reduced) | 4BR, 4BA | 2638 SF
MLS #OC22156006MR
Skylar, 12695 Sandhill Lane #2
$2,280,000 | 3BR, 3A | 2026 SF
MLS #22-218334 - open house Sun (11/27)
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This week's avg 30-yr fixed-rate: 6.58%
Mortgage rates continued to tick down heading into the Thanksgiving holiday. In recent weeks, rates have hit above seven percent only to drop by almost half a percentage point. This volatility is making it difficult for potential homebuyers to know when to get into the market, and that is reflected in the latest data which shows existing home sales slowing across all price points.
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New-Home Sales Rose in October, Boosted by Higher-Priced Homes
by Nicole Friedman, Mansion Global, 11/23/2022
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Here's Why Home Depot and Lowe's Are Booming in a Housing Market Bust
by Diana Olick, CNBC, 11/18/2022
As the U.S. housing market falls hard from its pandemic-driven highs, home improvement retailers like Home Depot and Lowe's don’t seem to be feeling the same pain. In fact, they’re faring better than expected.
While homebuilding and home remodeling are integrally connected, the market forces behind each can be different, and that’s what’s happening now.
Read more by Diana Olick: CNBC
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Statistics - Playa Vista Homes Recently Sold
Condominiums - Sold in August
Avg List Price of homes sold: $1,087,375
Average Sold Price: $1,105,029
Average Sold $/SF: $832.10
No. Homes Sold: 8
Sold Range: $815,000 - $1,410,000
Single Family Homes - Sold in August
Avg List Price of homes sold: $2,231,650
Average Sold Price: $2,213,942
Average Sold $/SF: $873.92
No. Homes Sold: 3
Sold Range: $1,950,000 - $2,671,825 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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