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Marina Del Rey,CA Condominium Market Report for March,2010

Posted on Apr 7, 2010 by in Active Rain | 0 comments

Marina Del Rey,CA Condominium Market Report for March,2010. Well the Spring Home buying season is upon us. Major League Baseball had its open games already. So with that let us see how the Marina Del Rey home buyers decided as well as the sellers.

The inventory appears to be comparable. For the month of March there were 141 active listings. There were only one more than the previous month.

Now properties in Escrow had a dramatic down turn for the month of March, from 79 properties there was an unbelievable drop to 20 properties in Escrow. Of the 20 Condominiums in Escrow 6 are still accepting back- up- offers, and 14 have removed all their investigation contingencies.

What is even more interesting that only 10 properties closed this month? For having 53 Pending in the previous month, it is a strong indication that Loans are taking a long time to close. Way to long for my taste. This delay throws of the normal statistics, hence when the media compares year over year, month over month they get the wrong impression, hence their analysis is off.

If you would like to have current, accurate analysis, feel free to get in touch with me directly.

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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