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Marina Del Rey CA Condominium Market Report for the month of August 2011
Marina Del Rey CA Condominium Market Report for the month of August 2011
 There has been a lot of Turbulence in the world as well as the US economic arena. This always makes me pause and wonder what effect it will have on Real Estate in my geographic area of practice. Interestingly I have finished posting three other micro real estate markets and they all fared very well. So with that said, let’s see how the numbers were in Marina Del Rey, CA.

 
Currently there are 139 Active Condominiums on the Market available for purchase.  This was a huge drop from the previous month. The least expensive one is One Bedroom of approximately 778 square feet of living space for the asking price of $189,000.   At the other extreme, the most expensive Luxury Ocean view Condominium is a three bedroom and three and a half bath with 3,848 square feet of living space for $3,950,000.00.
 
There were 9 Properties in Backup-Status, where the buyers still have not removed their contingencies. This is a huge increase from the previous month. There was 1 Condominium in Hold Status; this is an indication of Short Sales, where buyers and sellers are ... more

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