Playa Vista Home Sales Real Estate Blog

Playa Vista Neighborhood News - 3.5.2010

March 5, 2010 – 7:25 am
There have been many new developments in recent Playa Vista community news, so I thought I would share some of the updates with you and report more about the real estate market next week. Wednesday night, more than 350 Playa Vista residents united in a tremendous show of encouragement for Councilman, Bill Rosendahl, as he pledged his support for the Village plan, already unanimously approved by the City Planning Commission.  Next Tuesday, the city council will cast its first vote on the Village and I will share all the exciting new developments with you as they unfold. One other thrilling development in the neighborhood is that the Los Angeles Unified School District has taken the next step in establishing a new K-5 elementary school.  According to the latest issue of The News of Playa Vista, Los Angeles, “On January 22, 2010, LAUSD became the owner of the four-acre school site adjacent to ...

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L.A. City Council planning committee to review recirculated EIR for the Village at Playa Vista - The Argonaut

March 4, 2010 – 1:29 pm
L.A. City Council planning committee to review recirculated EIR for the Village at Playa Vista The Argonaut – March 4, 2010 One of the most anticipated environmental analyses in recent years will soon be heard by a Los Angeles City Council committee that will help decide whether the second stage of a Westside development will gain steam or lose traction.The recirculated environmental impact report for the Village, Playa Vista’s commercial component of its planned community structure, will come before the city’s Land Use and Planning Committee Tuesday, March 9th. Playa Capital, the developers of the Village and Phase I, the residential component of the affluent bedroom community, are confident that their document has covered all the necessary bases, and hailed the support of the Los Angeles County Federation of Labor, AFL-CIO. “There is tremendous support citywide for the passage of the Village,” said Steven Sugerman, a Playa Vista spokesman. “The big boost of support, ...

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Loan Programs For Buyers With Less Than 20% Down Payment - 2.26.2010

February 26, 2010 – 7:20 am
Although there are 30 active condo listings in today’s Playa Vista resale inventory, I know that five of them have already received multiple offers and are at various stages in the process of negotiation.  I expect these properties will enter ‘pending’ status shortly. In this market, well-priced properties with attractive upgrades in desirable locations and views are what attract the attention of qualified buyers. Properties like these are receiving multiple offers within the first week they list on the market.  For buyers competing to purchase these top-rated properties, it is more crucial than ever to have a good understanding on how to structure your finances, understand the loan programs available to you, and have pre-approval with a lender of your choice before finding the home of your dreams! Did you know that not all lenders offer the same type of loans?  Direct lenders, such as local retail branches of Bank of America, ...

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Three Top Picks in February - 2.19.2010

February 19, 2010 – 7:10 am
Last week, I reported an active market, a lack of inventory and the reluctance that sellers have for putting their homes on the market.  Perhaps I spoke a little too soon. Actually, market activities are still on the rise as five new condo resale listings entered the market along with two new condo releases from Dorian, one of the last brand new condominium complexes in Playa Vista.  Eager buyers are out in force, making offers on well-priced properties.  Last week, a 2,050 sq. ft. townhome with attached two-car garage became available on the market in the mid $600,000 price range, receiving multiple offers within the first week.  It will most likely go into escrow within the next few days.  All price points of the market are equally active, including a bank owned, single family home at Icon with 3 bedroom + 3.5 bath + 3-car attached garage, which listed at $1,059,300.  ...

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