Playa Vista (Los Angeles, CA)
By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Playa Vista, CA which is the latest Planed Urban Development has become one of the most desirable communities in Los Angeles all thanks to the Internet Companies arrival such as the Google, Yahoo, Amazon and the list goes on and on. There are more Internet start up companies  near Playa Vista than anywhere in the country. It is a City withing Los Angeles for all practical purposes. only four miles to the Pacific Ocean and about six miles to Beverly Hills.Here in Los Angeles there is a desirability for things "NEW" and many of the Condominiums have been built recently and the Youth Centric Community loves it. Buy it and nothing to fix....When inventory increases generally that is a benefit for buyers, they have more properties to chose from hence sales increase.When demand is high not su...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Playa Vista, CA Condominium Market Trends Report is published... To most Los Angeles residents it is common knowledge that Playa Vista, was the latest Planned Urban Development in over fifty years. As time went by and there was an exodus from Silicon Valley by the Tech Start up Companies they all migrated to Playa Vista and vicinity hence the name Silicon Beach was coined. This in turn increased values for all the neighboring communities. Now armed with that information, let's look at the Market Trends for the Playa Vista Community. As you can see the streets are wide, there are sidewalks and the list goes on and on.    Inventory is comparable to 2016 and that is a good sign. Keep in mind these are all resale Condominiums. There are other Developments that are still in the process o...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Yesterday, I published the Playa Del Rey, CA Condominium Market Trends Report. Now with that said I would be remiss if I did not publish the Playa Vista Condominium Market Trends Report today. After all Playa Vista is the epicenter of Silicon Beach. Hence due to the high demand in this Planned Urban Community all the neighboring areas are reaping the benefits as I mentioned yesterday. As you can see that inventory has increased a bit, part of that is due to the fact that there are still new construction that are being sold by the developers, hence the resale units for sale have increased . Most buyers appreciate that they actually have choices. Not wanting to give missinformation as you can see that the Days on Market is still very fast. As long as inventory is tight and there is a larg...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Playa Vista, CA Market Trends Report is published... now if you are not familiar with this community to give you a quick refresher. This was the latest planned urban development (PUD) in Los Angeles in the past sixty years. It is located about two miles from the Pacific Ocean between Playa Del Rey, CA and Marina Del Rey, CA. What makes this so desirable is because Google, Yahoo and all the other Tech Start Up Companies are walking distance to this community. It has become so trendy that there are waiting lines for the new construction that is being built.So with that said let's look at the Statistics:I decided to do the Median Days on the market to set the stage. Clearly 11 days on the market tells you what is about to follow higher prices and multiple offers.Now let's look at the h...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Living and driving in Silicon Beach can be fun, especially if you are driving on April 1, 2018. Things you notice on the road can also be even more entertaining. All you must do, is, look around and observe your surroundings. A tech guru's April Fools Fun!!! Diane and I were heading home on Lincoln Blvd. in Playa Vista, she noticed and pointed to a Road Construction Sign. I cracked up laughing and said I must turn around😊. Exactly, she said “…oh for your “Speechless Sunday Post”?...” I said of course this will be a fun photo.Now with that said, I did a U-turn at the next light. Keep in mind, this created a 500-yard back tracking…. She took the picture and said something about it did not work with her cell phone. The camera started flashing and so did the sign. Small disagreement later, ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
     Market Trends Report for Playa Vista, CA: ground zero for Silicon Beach homes...If you have not  been to Playa Vista, CA in four years you will not recognize it. Full of Restaurants, outdoor seatings, water fountains and the list goes on and on. The main gathering point is Whole Foods. As you walk around you will notice the demographics consist of I-pad and I-phone users south of 35 years of age.  The demand for home is just hard to describe. Well let me start out with there is virtually no inventory for resale. Developers are building as fast as they can. Never the less there demand is higher than the inventory!These statistics are strictly about the resale properties. The new properties that are coming on line are smaller and more expensive. Keep that in mind.If you had any doubt...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
LAPD Pacific Area's National Night OutCome out and meet your neighbors and Police Officers. This is a FREE Community Event aka a family event. Over 800 people attended last year. A Free BBQ, other food, beverages, displays, fun for kids, resources tables and more. All LAPD Pacific Area Senior Lead Officers, Captains, Community Relations etc. will be on hand. This is an annual community-building campaign that promotes police community & neighborhood partnerships. National Night Out provides a great opportunity to bring police and neighbors together under positive circumstances. Law enforcement agencies throughout the US on the same day will host a community event.    Tue, Aug 1, 6:00 PM - 9:00 PMConcert Park, Pacific Promenade, Playa Vista, CA In case you are wondering the Pacific Divisi...
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