Playa Vista Real Estate
Playa Vista with it’s perfect beach-side weather is one of the first planned L.A. community in many years, with its open parks, and all low rise development. Construction began in 2002, Playa Vista Real Estate is still growing. Today it is home to major tech companies as Google , Facebook, YouTube, Yahoo, Microsoft. Playa Vista now features Whole Foods, CVS, Cinemark movie theater, and a variety of organic and gourmet restaurants. Playa Vista Real Estate should be a great buying choice, and as a local as as a 10 year local realtor , I can help find the perfect home or condo for sale in Playa Vista.
In the Playa Vista condo resale market, currently inventory is low but expected to pick up early this year. In the single-family home market, the only properties available for sale are brand new residences from Brookfield Residential. So far in this month, the majority of activities is focused in the leasing market .
Expected are The Seabluff building, which is rapidly under construction, located just east of Coffee Bean. The 75-unit condo complex will boost inventory by bringing 75 contemporary apartments and townhomes for sale in early 2018!
Upgrades at Concert Park are underway and by summer , we will be able to enjoy the additional grass and picnic areas.
Prices in Playa Vista have risen significantly in the last few years, Like other Silicon Beach- areas, prices have risen 20 to 35% in a few years.
Venice, where Google has offices, saw an increase of 10% in sales volume last quarter. Neighboring communities have also benefited from rapid growth in the area. Tech companies such as Snap inc. , Facebook and Google have moved to these areas, and many employees of these companies are looking for homes near their offices. Venice is getting more expensive, which is pushing people to move to Marina del Rey, where you get a lot more for your money.
An influx of development in and near Marina Del Rey ,Trader Joes, new restaurants, hotels and entertainment, are also attracting people to purchase homes in the “Oxford Triangle” and the surrounding areas. Median prices for single-family homes in Santa Monica and pacific Palisades will likely continue to rise due to the limited inventory.