Marina Del Rey Condominium Market Report May 2010

Marina Del Rey Condominium Market Report May 2010

There are some interesting developments in the Marina Del Rey, CA Condominium activities.

First there are 155 Active listings for the period of May 1st, 2010 to May 31st, 2010 this is about an 8.6 per cent increase of the inventory from the previous month. Indicating that there will be a be a large selection for buyers to choose from.

 Currently for the same time period there were 29 Properties in Escrow and 13 of those the buyers have not removed their contingencies and 16 have removed their contingencies. A good indication what the month of June will have to offer in closed transactions

 The total closed transactions were 32, almost identical to the previous month’s sales number of 31. This is quite a solid trend for the Marina.

I wanted to see how the days on market statistics fared compared to last year. Since that is a very good indication how robust or lackluster the market is.

As you can see there was a huge drop compared to year over year, 51% to be exact and this is a clear confirmation reflected in the sales activity. Should be interesting what next month brings us.

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.