Playa Vista is located in the western portion of Los Angeles County in northern Westchester just minutes north from Los Angeles International Airport (LAX). A relatively young community, residents are treated to cool ocean breezes from the Pacific, excellent shopping opportunities within the community and just minutes away in neighboring Los Angeles, events and activities, and a lifestyle that balances state-of-the-art amenities with a strong sense of community.
Playa Vista is noted for its sustainable building practices and "environmentally friendly planning." According to the city website, Playavista.com, the White House selected Playa Vista and five other national communities to participate in PATH, the Partnership for Advanced Technology in Housing, in 1998. In addition to environmentally-friendly built homes, water conservation is another feature that is highly regarded in the community; the community utilizes 100% reclaimed water for landscaping and Energy Star appliances.
Playa Vista's real estate market includes a healthy mix of affordable homes, luxury housing, and retail and commercial space. Always looking to accommodate to the ever-growing residential populace, Playa Vista is currently making plans to move forward with The Village, which will include 2,600 homes, 200 assisted living units, about 50,000 square feet of office space, over 195,000 square feet of retail space, and about 40,000 square feet of community space, which may include a pool and gym.
Playa Vista Real Estate Market: Prices of Playa Vista Houses for Sale
Playa Vista, CA is a desirable community to live in, offering residents and future homeowners an assortment of real estate options that include Mediterranean style single-family dwellings, beachside condos and townhomes, waterfront properties and estates, gated communities, retirement living, and plenty of investment opportunities. Listings for single family homes in Playa Vista are very few and far between, but when they are available prices start from $870,000 to upwards of $1 million for custom built homes in neighborhoods like Cielo at Playa Vista. Playa Vista is mainly known for its condo communities, many which are located close to the beach, shopping and dining areas, and the marina. Prices for condos and townhomes in Playa Vista range between $260,000 and $875,000.
Playa Vista Real Estate Stats and Trends for the week of May 14th, 2012: homes priced around $686,211 compared to $750,557 the previous week, showing a decrease of less than -9%. For Friday, May 18th, the current national mortgage rate for a 30 year fixed mortgage is 3.73%; the 15 year fixed rate is at 3.03%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.39%, while the 15 year jumbo rate currently is at 3.60%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Playa Vista CA. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Playa Vista to help you find the best home!