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Playa Vista Condominium Market Report for April 2011

Posted on May 6, 2011 by in Active Rain | 0 comments

Playa Vista Condominium Market Report for April 2011

Since some readers of my blog are not familiar with Playa Vista. Hence I decidedmention a few interesting tidbits about this great community here. Play Vista was the first New Community built on the Westside of Los Angeles in about 50 years. It consists of approximately 1087 Acres of land.

There are open space areas, dog parks, play grounds and natural habitat protection as well. This is a small town within the city limits of Los Angeles. There is a library, retail establishments, restaurants and coffee shops to mention a few.

There is the Center Point Club, which is approximately 26,000 square feet of multipurpose community center with a Frank Lloyd Wright inspired design.

The community is bordered by the Bellona Wetlands and Lincoln Boulevard on the West and the Bellona Creek on the North and the Del Rey Hills bluffs on the south. This community is approximately 3.5 miles north from LAX (Los Angeles International Airport)

 

Now with that said let’s look at how the Real Estate Market fared compared to the previous month.

Currently there are 26 Active Listings compared to the 28 for the previous month.

There are 15 Condominiums accepting Backup Offers vs. the previous month’s 17.

There are 0 properties on Hold just as there were 0 the month before, an Indication of Short sales waiting for approval.

There were 13 Condominiums that were Sold last month over the 10 Sold the previous month.

 

As you can see there is an increase in the Sold numbers, which has been the trend for the past few months. I am a firm believer that Trends are important for Real Estate and we need to pay particular attention to the Local Trends in the various micro pockets as the Playa Vista community.

 

 

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, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call  310.486.1002   (USA) or email me at homes@endrebarath.com  or visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

 

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