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Marina Del Rey CA Condominium Market Report for the Month of September 2010

Posted on Oct 4, 2010 by in Active Rain | 0 comments

Marina Del Rey CA Condominium Market Report for the Month of September 2010

Marina Del Rey CA Condominium Market Report for the Month of September 2010

As most of you know Marina Del Rey, CA is a beach community and one can consider it as a Suburb of Los Angeles CA. Depending  where you live the beach can be walking distance of a few feet or furthest around 2-3 miles from the beach. Needless to say depending if you buy a Townhome, or a Single Family Residence, or a Condominium the Value increases if you have an Ocean View Property as well as the distance of the Proximity to the beach. Sellers and buyers are very proud of the size and distance of the Ocean View.

Now with that said, let’s see how the Real Estate Activity fared in the Marina for the month of September.

There 163 Active Condominium listing for Sale on the Market in Marina Del Rey for the month of September. This is a slight drop from the previous month of 169. All in all this is relatively negligible

There was a decrease in the Accepting Back up Offer category as well. From the previous month’s 23 this decrease was to 18. This would not seem much provided you add in the Pending Sales and they are favorable. Otherwise it becomes noteworthy to watch. In this instance no reason for concern, since the Pending Sales increased from 38 of the previous month to 47 for the month of September.

The Sold Condominiums dropped from 26 to 14. Now this is a huge drop. The good news is that there was a respectable increase in the Pending Sales; hence I attribute the drop in sales to delayed Mortgage Closings due to slowness of the paperwork moving thru the bank’s channels.

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 http://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

 

 

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