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

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

I live in Marina Del Rey, CA a small beach community, hence I am always asked (by neighbors and anyone who recognizes me as a Realtor in Restaurants, on the Beach or in the Grocery Store)”… How is the Market…?” I love the question and then I just want to talk….I finally realized it is not always possible to do that. Now I just have a small conversation and direct them to read my Market Report. So to all those who have been patiently waiting for my delayed report, (It was due to my old Laptop’s crashing that I am so late) without further delay….

In February there were 141 Active Condominiums listed on the Market. Almost identical to the previous month, the difference is negligible.

The numbers of properties in Escrow have dropped a bit. For the month there were 6 Properties that were accepting Backup Offers and 14 pending.  This is a huge drop from the month before. I was surprised at the large difference from the previous month. There seemed to be no logical explanation of why.

Equally lackluster was the number of properties that Sold compared to the previous month. I find it interesting that our expectation is so short sited. February had 10 Sales.  Last year the months that hit ten sales we were praising as a successful month. Now we are not satisfied with it because the last month was so fantastic.  So with that let us look forward to next month’s Market Report.

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.