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Insider's Guide to Real Estate in Playa Vista
7/23/2022: Here's what Southern California's housing market cool-down means for buyers, sellers
This Week's Contents
1. This Week in Playa Vista
2. A 'Feline Frenzy' Will Pounce, Playfully, in Playa Vista
3a. Phase 1 - Single Family Homes For Sale: 1 listing
3b. Phase 2 - Single Family Homes For Sale: 3 listings (1 new!)
3c. Phase 1 - Condos/Townhomes For Sale: 11 listings (2 new!)
3d. Phase 2 - Condos/Townhomes For Sale: 5 listings (1 new!)
4. This week's avg 30-yr fixed-rate: 5.54%
5. Here's What Southern California's Housing Market Cool-Down Means for Buyers, Sellers
6. Southern California Home Prices See First May-To-June Drop In 12 Years
7. Statistics - Playa Vista Homes Recently Sold
8. Illustrated Playa Vista Map
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A 'Feline Frenzy" Will Pounce, Playfully, in Playa Vista
by Alysia Gray Painter, NBC Los Angeles, 7/20/2022
A feline frenzy can take on many fanciful forms, from several kittens all leaping in adorable unison for a single string of yarn, to a tumble of tender-footed cuties dashing for the dinner dish.
But when we've reached the middle portion of "Kitten Season," when shelters are full of home-needing felines, you can bet that the frenzy in question will involve adoption.
And that shall be the cute case at the Wallis Annenberg PetSpace on Saturday, July 23, when a "Marathon Kitten Adoption Event" will tumble and leap into our laps, hearts, and minds.
Read more by Alysia Gray Painter at: NBC Los Angeles
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A. Phase 1 - Single Family Homes For Sale
Last week: 2 listings, $2,081,000 avg price
This week: 1 listing at $2,175,000
Matisse, 13019 Bluff Creek Drive
$2,175,000 | 4BR, 3BA | 2532 SF
MLS #SR22145188CN
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B. Phase 2 - Single Family Homes For Sale
Last week: 2 listings, $2,687,500
This week: 3 listings, $2,682,667, 1 new!
The Collection, 12673 Bluff Creek Drive
$2,700,000 | 3BR, 4BA, | 2624 SF
MLS #22-174225 - open house Sun (7/24)
The Collection, 12652 Seacoast Place
$2,675,000 | 3BR, 4BA, | 2624 SF
MLS #22-161853 - open Sat (7/23) & Sun (7/24)
Everly, 5933 Coral Place
$2,673,000 | 3BR, 4BA, | 2449 SF
new! MLS #22-172961
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C. Phase 1 - Condos/Townhomes For Sale
Last week: 11 listings, $1,347,455 avg price
This week: 11 listings, $1,447,455 avg price, 2 new!
Carabela #110, 12975 Agustin Place
$1,399,000 | 3BR, 3BA | 1860 SF
MLS #22-162137 - open Sat (7/23) & Sun (7/24)
Carabela #112, 12975 Agustin Place
$1,399,000 | 3BR, 3BA | 1860 SF
new! MLS #22-178921 - open Sat (7/23) & Sun (7/24)
Carabela #321, 12975 Agustin Place
$1,299,000 | 3BR, 3BA | 1840 SF
MLS #22-119317 - open Sat (7/23) & Sun (7/24)
Chatelaine #406, 5721 Crescent Park
$1,895,000 | 3BR, 3BA | 2346 SF
MLS #22-164329
Coronado #205, 7100 Playa Vista Drive
$1,150,000 | 2BR, 2BA | 1500 SF
new! MLS #SB22156613MR - open Sat (7/23) & Sun (7/24)
Coronado #319, 7100 Playa Vista Drive
$997,000 | 2BR, 2BA | 1210 SF
MLS #22-178585 - open Sat (7/23) & Sun (7/24)
The Lofts #217, 13020 Pacific Promenade
$1,149,000 | 3BR, 2BA | 1480 SF
MLS #22-173739
Paraiso #103, 13173 Pacific Promenade
$1,350,000 | 3BR, 3BA | 1812 SF
MLS #22-158985 - open house Sun (7/24)
Paraiso #202, 13173 Pacific Promenade
$1,899,000 | 3BR, 3BA | 2660 SF
MLS #22-163545
Primera Terra #161, 12920 Runway Road
$1,295,000 | 3BR, 2BA | 1310 SF
MLS #22-175753 - open house Sun (7/24)
Tapestry, 5700 Seawalk Drive #11
$2,090,000 (increased) | 3BR, 4BA | 3207 SF
MLS #22-135999
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D. Phase 2 - Condos/Townhomes For Sale
Last week: 4 listings, $2,103,500 avg price
This week: 5 listings, $2,142,800 avg price, 1 new!
Camden, 12518 Fielding Circle #1
$1,779,000 | 3BR, 2BA | 1601 SF
MLS #22-176297 - open house Sun (7/24)
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
Seabluff #112, 6030 Seabluff Drive
$2,300,000 | 3BR, 3BA | 2005 SF
new! MLS #22-178029
Skylar, 12642 Sandhill Lane #1
$2,395,000 | 4BR, 4BA | 2638 SF
MLS #OC22156006MR
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This week's avg 30-yr fixed-rate: 5.54%
The housing market remains sluggish as mortgage rates inch up for a second consecutive week. Consumer concerns about rising rates, inflation and a potential recession are manifesting in softening demand. As a result of these factors, we expect house price appreciation to moderate noticeably.
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Here's What Southern California's Housing Market Cool-Down Means for Buyers, Sellers
by Andrew Khouri, Los Angeles Times, 7/20/2022
The Southern California housing market is finally slowing down after a two-year pandemic boom fueled in large part by record-low borrowing costs.
Now, with mortgage interest rates on the rise, home sales are down, inventory is up and the prospect of home value declines is around the corner.
In June, the Southern California median home price fell 1.3% from May, despite the fact it usually increases between those two months.
Read more by Andrew Khouri at: Los Angeles Times
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Southern California Home Prices See First May-To-June Drop In 12 Years
by Jeff Collins, Orange County Register, 7/19/2022
A cooling trend sparked by rising mortgage rates continued to chill Southern California’s housing market, with home prices and sales dropping at a time when they typically are on the rise.
Home prices dipped from May to June for the first time since 2010. Sales fell from May levels for the first time since 2013.
Despite the cool down, experts say a market crash still appears unlikely.
Read more by Jeff Collins at: Orange County Register
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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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