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Marina Del Rey Condominium Market Report for April 2011

Posted on May 10, 2011 by in Active Rain | 0 comments

Marina Del Rey Condominium Market Report for April 2011

As you know I have been blogging for years about the benefits of living in Marina Del Rey. Those of you who know me are aware I live here and I am a bit biased. So for some of you who are not familiar with Marina Del Rey, it has a population of approximately 8200 people with about 19 marinas that have a capacity for about 5300 boats. The entire Marina Del Rey consists of only 1.5 square miles of which only .9miles is land and .6 is water. So if you want some Ocean View Homes or Ocean View Condominiums you will understand it is almost easier to find one with the views rather than without one.

Now with that said I hope you enjoyed the pictures and the little bit of information you might not have been aware of. Now let us look at how the Real Estate Market has fared compared to the previous month.

There were 156 Active Listings compared to the previous months 143 Active Listings. This is again as I said before good. The greater the selection a buyer can choose from, the better the opportunities to negotiate and buy a condominium at a fair price.

Many lenders and real estate agents I have been talking to were telling me that the market has picked up. Well the following statistics will confirm this fact.

In March there were 11 properties accepting Backup Offers and 11 were Pending now in April there were 28 properties accepting Backup Offers and 21 were Pending. This confirms that the Marina Del Rey Real Estate activity is getting quite robust.

So let us look at the Sold Condominium numbers: March there were 29 Sold and in April 18 Sold.

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  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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