Metro 1,650 SF Condo for Lease: Best Price in Playa Vista

For Rent: 2BR/2BA Condo in Playa Vista, CA, $2,900/month


Bedrooms: 2
Baths: 2
Square Feet: 1,650 SF
Building: The Metro
Security Deposit: $2,900
Description: Pristine corner unit, single level floorplan on 3rd level. This unit is immaculate with every upgraded feature imaginable. Wood and stone flooring; plantation shutters. Fireplace in family room leads to gourmet kitchen with built-in stainless steel appliances, granite counters and breakfast bar. Spacious and open living & dining room with patio. Mirrored wardrobe closets in second bedroom. Luxurious master suite with retreat and private balcony; over-sized marble bath and walk-in closet. Inside laundry with washer and dryer. Side-by-side parking. Lease includes: water, trash, basic CATV, hi-speed internet, and all Playa Vista amenities. No pets/animals and non-smoker policy.
Available: February 1, 2010

Simply the best priced* unit for lease in Playa Vista. Based on square footage, the average price leased (per square foot) since June 2005 is $1.91/SF. Interested? E-mail/call us for a showing.

* Data provided by Combined L.A./Westside MLS, Inc.

Playa Vista Market Report: December 2009

As the economy and real estate markets continue to change, the nuances between different areas and different neighborhoods are becoming increasingly magnified.

One neighborhood may show a sales increase, while another neighborhood just blocks away may be experiencing a dramatic drop in sales from the previous year.

While the media publishes its statistics based on national, state, and county trends, this distorts the public’s perception of what could actually be happening in their own neighborhood. We at the Cherniss Group have observed that our local micro markets are often behaving quite differently.

Our observations reveal:
Neighboring markets may be performing very differently from each other and national averages.

In a tough lending environment, knowing specific market trends in the neighborhood you are considering is crucial for a successful transaction.

What is actually happening in your market is often different from what you might think or feel.

Don’t mistake feelings for facts.
Having all of the facts will help you make an informed decision, whether you are thinking about a purchase or sale in the high end market or entry level market.

Here are the December 2009 figures for Playa Vista.

DECEMBER 2009 CONDOS/TOWNHOUSES

(% Change from December 2008)

Total Sold Dollar Volume:................................. $ 5,863,750

(+116.18%)

Average Selling Price:....................................... $ 586,375

(-13.53%)

Average List Price:............................................ $ 576,765

(-20.28%)

Average Sales Price / Average List Price:............. 101.67%

(+8.47%)

Median Price:.................................................. $ 556,000

(-20.57%)

Average Days on Market:................................... 37

(+117.65%)

Number of Listings Sold:.................................... 10

(+150%)

DECEMBER 2009 HOUSES (% Change from December 2008)

Total Sold Dollar Volume:................................. $ 905,000 (N/A)

Average Selling Price:....................................... $ 905,000 (N/A)

Average List Price:............................................ $ 919,000 (N/A)

Average Sales Price / Average List Price:............. 98.50% (N/A)

Median Price:................................................... $ 905,000 (N/A)

Average Days on Market:................................... 254 (N/A)

Number of Listings Sold:.................................... 1 (N/A)