Westside Real Estate - Playa Vista, Marina del Rey, Santa Monica, Culver City

Playa Vista:
93 Playa Vista condos have sold in 2010 - On paper some seemed like phenomenal deals, however, those that visited the least expensive homes saw some serious problems like smoke damage, extremely dark, filthy or damaged. Those buyers willing to do renovation can get deals, but it's cautioned that renovations can be expensive.  More here

Primera Terra newest properties Pre-sales anticipated 2011 - Modern single level loft condominiums with spacious and open floor plans by KB Homes.

Percent of Americans likely to rent their next home grows, survey indicates -Southern California housing market weakens in October. The mortgage financing company's chief economist, Doug Duncan, used the word to headline his analysis of Fannie Mae's new national survey of public attitudes about housing. What it found shouldn't surprise anybody who has paid any attention to home sales: Consumers feel cautious about home buying. Story here

Culver City Market Update - The news continues to be positive for the real estate market in Culver City, the number of homes selling, the price they are selling at, the difference between the list price and the final sales price are all solidly running at the same pace they have pretty much all year. More here

Santa Monica and Westside inventory numbers may be high enough, and the economy weak enough, to follow the path of two years ago (late 2008 into spring 2009) that brought the 20%+ drop in Santa Monica benchmark prices.

 

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