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Marina Del Rey, CA Condominium Market Activity Report for September 2009

Posted on Oct 13, 2009 by in Active Rain | 0 comments

  Marina Del Rey, CA Condominium Market Activity Report for September 2009

 September was a very busy month for many Realtors in the Marina. Every one I spoke to seemed to be going into or coming out of Escrow. I have noticed many times that it takes two attempts before something closes.

 Looking at the Active Condominiums as of October 1st there has been a nine per cent drop in the inventory. Coming from 184 Active listing to 169 tells a lot, fewer choices in the next few months to pick from.

 The Condominiums that are currently in Escrow consist of 23 still waiting to remove their contingencies and 40 are solidly pending. The total number is identical to the month before. How fascinating is that?

 Interestingly there were more sales in the month of September then in August. There was a 9% increase in Sales month over month.

 As I mentioned above the inventory is shrinking(see chart)

 

   

If you are a consumer  who is considering buying  or selling  a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com  or visit one of my websites at http://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of My commission to Local Animal Rescue Organizations.

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