Playa Del Rey, Ca (Los Angeles, CA)
By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Few people outside of Angelinos are aware that Playa Del Rey, CA not only has Condominiums but there are a few Single Family Homes as well. Some of them have fantastic Ocean Views that rival Marina Del Rey, Venice and Santa Monica views.So with that said let's look at the Market Trends.For Playa Del Rey I consider this a nice inventory, since there are not a large amount of Single Family Homes. Based on the Inventory I consider this as  very good amount of home sales. Particularly since in many of the neighboring communities there has been a cooling off the number of sales. I attribute the reason it has not cooled here is simple. Where else can you buy homes this close to the ocean in the price points, well when I say that I mean in the Greater Los Angeles area.The Days on Market number...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Playa Del Rey, CA, Condominium Market Trends are clearly show that this is a good time for investors to step in the market. At the same time it is a wonderful opportunity for first time buyers to take advantage of the lower prices.As you can see inventory even though shows a huge per cent gain year over year, in actuality there is very little inventory.Not surprisingly when there is little inventory the downside is there will be fewer sale. Part of it is the fact that here in the greater Los Angeles area potential buyers where influenced by the News or the made up News and they took a pause in the buying. Again if you just look at the per cent difference you would be panicking. The actual numbers are quite good. When you can sell a home by being on the average 21 days only that is p...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Playa Del Rey, CA Annual Condominium Market  Trends Report aka the Review for 2018 is published....Playa Del Rey used to be the best kept secret for Los Angeles Condominium buyers. This community is nestled in between Los Angeles International Airport and Marina Del Rey. Hence it is a Beach Community, but was not considered very hip or cool and trendy... needless to say they Prices reflected it compared to Marina Del Rey, Venice and Santa Monica. Then interestingly when all these communities became out priced for the average home buyer, then to boot when all the Internet Start Ups moved to Los Angeles the prices have kept climbing. After Playa Vista, Playa Del Rey became the last frontier. So if you are looking to live near the Pacific Ocean without having to pay an extreme premium,...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Playa Del Rey, CA Condominium Market Trends Report is published. Should you have any questions please reach out to me directly:As you can see the numbers are clear Inventory has been tight for the past couple of years. compared to 2017 there has been a bit of an increase, never the less you can still see that it is a tight market when it comes to few Condominiums on the market.I have to smile when potential buyers ask me how is the Playa Vista Condominium Market. I tell them when a property is sold under 30 days that is a clear sign of a seller's market. As you can see the past three years clearly show a sellers market.That is a clear indication that prices will be and have increased over the past few years: As you can see from the above statistics that if you want to buy in Playa D...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Playa Del Rey, CA Community Information... over the years I have written many posts about the best kept secret in Los Angeles being the Playa Del Rey, CA area... needless to say with the arrival of Silicon Beach the secret was exposed. As Marina Del Rey, Venice and Playa Vista became cost prohibitive Playa Del Rey has joined the same status as the other communities I just mentioned. So with that said let's look at the Community Information: The Housing Inventory is always a good indication of the community Community Summary Population Growth (since 2000) 5% Population Density (ppl / mile) 4,355 Household Size (ppl) 1.821 Households w/ Children 24.1% Housing Stability Annual Residential Turnover 21% 5+ Years in Residency 26% Median Year in Residency 2% Population Demographics (FAQ) The p...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Playa Del Rey, CA Condominium Market Report is published. Read all about it and if you have more questions or are considering buying or selling a Condominium please reach out to me directly!Inventory remains tight do not look at the year over year per cent change, 17 Condominiums on the market is virtually  nothing. Clearly with proper pricing and marketing it will be sold quickly!As I mentioned above this graph that it will sell fast. Here it is confirmed that the supply vs. demand is still dictating that the Average Days on Market has been dropping year over year. Now with that said this tells me that well priced condominiums will be in multiple offers and above asking price agreed to.This is no surprise to me that the prices have increased, with that said if you are considering b...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Playa Del Rey, CA Market Trends Report is published.... over the years I used to write. that it was the best kept secret for beach properties... well I guess the word did get out. Especially when the Tech aka Dot.com companies moved to Los Angeles and gobbled up all the Beach Communities such as Venice, Santa Monica and Marina Del Rey... there was only once left... Playa Del Rey, CA.So with that said let's take a closer look..As you can see inventory is tight!In spite of a tight inventory you can see that there is a great deal of sales taking place as we speak.As you can see the days on market are incredible. Clearly you and I know it is a sellers market.Inspite of all this the best value for a condominium or an ocean view home is still Playa Del Rey, CA compared to all the other co...
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