What’s Falling In The LAX Area

The other day, I posted the changes in home prices for the Playa del Rey, Playa Vista, and Westchester homes from February 2007 to February 2008. It seems Playa Vista home prices have plummeted, while Playa del Rey has actually increased the sales price (beachside living, anyone?). And my own neighborhood, Westchester, is showing a slight decrease in home sale prices. I thought some of you might want to know which specific homes have dropped in price recently.

Playa del Rey is an insulated beach community with a small town feel, multi-million dollar homes, and a cozy, but less glamorous stretch of sand (when you compare to places like Manhattan Beach and Santa Monica). However, you’ll find the condos here are much more affordable than the single-family homes. Specifically, 8707 Falmouth Avenue, #113 has dropped in price from $469,000 to $459,000. And for that 2% reduction, you get two bedrooms, two bathrooms, and 970 square feet of space.

In Playa Vista, land of the upscale condos, walking distance amenities, and densely packed living, we have 5935 Playa Vista Dr., #205. This two-bedroom, two-bathroom corner unit in the Villa d’ Este complex has dropped from $729,000 to $689,000. You get 1,502 square feet of space, putting this home at $459 per square foot.

In Westchester, home to family-oriented neighborhoods, easy access to tasty international cuisine, and the sound of the LAX planes overhead, we have 8812 Airlane Avenue. The price has come down from $879,000 to $859,000. This four-bedroom, two-and-three-quarter bath home apparently has had extensive reconstruction. The square footage is elusive though. PropertyShark lists it as 1,220 square feet, but that looks like the old square footage because this home is much bigger than that.