Current Property Trends for Real Estate

Find a Real Estate agent 90094 to explain the current property trends

The area of Southern California known as Playa Vista has seen a housing boom in the past few years, with more and more property buyers expressing an interest in the future of the Playa Vista community. In order to give you a good idea of the latest trends and tendencies, and the current demands for properties in the area, it is a good idea to speak to a specialized Realtor, who can help you to learn more about the area. Discussions of home values, new trends and the latest movements in the property market can give you a better idea of what you should be looking for in a Playa Vista home.

Playa Vista Real Estate

The first substantial chances for Real Estate of 2015

Early indications are that there have been fewer properties available in the first 6 months of this year. During the same period in 2014, there were 106 homes available for sale, while the current year has only seen 73. Despite these lower numbers, there has been a significant rise in the number of homes that are sold. This is in contrast to the rest of the Southern California area, where the percentage of sales has fallen.

Percentage changes

Your real estate agent 90094 expert will be better able to explain to you exactly what these changes mean, but you can learn a few basic facts about the current trends in Playa Vista. Firstly, the dip in new listings discussed above shows a drop of 31% in the number of new homes available to the market. Secondly, the number of homes sold in the same period shows a rise of 32%, from 56 homes sold in 2014 to 74 sold in the same period in 2015. In addition, there were also changes to the value of each property of around 17.2%, so that an average house would sell for $767,000 in 2014, and is now selling for $899,000 in the current year.  Homes are also being sold more quickly, with 54 days on the market in 2014 to only 48 days currently.