Marina Del Rey, CA Condominium Market Report for February 2011

Marina Del Rey, CA Condominium Market Report for February 2011

Most of you, who read my Market Reports know that I am a big proponent of the Theory that Real Estate is local, Not only local and more so there are Micro Markets within the local areas. At the same time you have to look at the Housing Trends not only for the local but the larger picture as well.

If you take all that into consideration the probability is very likely that you will make the right decision about buying or selling.

Now with that said let us look at the numbers and see how the Marina Del Rey Condominium Market fared for the month of February.

There were 146 Active listings which was a small drop from 151 Active listings from the previous month.

The Backup status & Pending status appear to be increasing to the previous month’s numbers.

There were 25 Backup vs. 24 the previous month and a there were 30 Pending vs. 24 the previous month.  This is a very positive trend.

This is great news, because this Trend is an indication that the Housing Market is improving.

Now to look at the most important figure the Sold properties how they fared. Month over Month there was a drop, last month we had 21 Sold and this month vs. we had 15 reported Sold transactions.

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 homes@endrebarath.com  or visit one of my websites at https://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations