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Marina Del Rey,CA Condominium Market Report Part #1 (2009 summary)

Posted on Jan 3, 2010 by in Active Rain | 0 comments

Marina Del Rey,CA Condominium Market Report Part #1. (2009 vs 2008 summary and comparison)

As I previously indicated the Information will be detailed and very interesting.

 My first chart is the Median Sold Price by Month comparison. December 2008 vs. December 2009. The median Sold price is down by 12%. This in the big picture, what we went thru, a tumultous 2009 with the economic and real estate meltdown is very suprizing. I was expecting just like many of you to be worse.

 

So to recap the  December 2008 the Median Sales Price was $544,000 and in December the Median Sales Price was $569,500.

Now let us look at the Median For Sale vs Median Sold This is also very interestind The median price of for sale properties is donw 9% and the median as Imentioned above is d down 12%. Again  after what we went thru this past twelve months  these  numbers are not  as scarry as we would have guessed.

The most interesting number I saved for last. The Number of Sold Properties by Month. This number is a combination of many parts. The return of Consumer Confidence, Tax Insentives, Low Interest Rates and I could go on and on. So with that I just want you to know that the numbers are up. They are actually way up. There is a 77% increase Deceber 2008  vs. December 2009.

 

 

Please enjoy reading and reviewing these statistics. I will work on providing some additional information within the next day or two. In the meantime should you have any questions, please feel free to contact me directly via e-mail or mobile. Have a Happy & Prosperous 2010.

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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