Marina Del Rey Condominium Market Report for March 2009
I am very excited to report to the readers, the Month of March had a lot of positive activity. This trend is confirmed in the surrounding areas as well.
The inventory has increased to 191 Active Listings in Marina Del Rey. The good news is there were 11 properties that were accepting Back up Offers, since the contingencies have not been removed yet. At the same time there were 19 Pending, contingencies removed waiting to close. (See last months report http://activerain.com/blogsview/964148/Marina-Del-Rey-Condominium-Market-Report-for-February-2009)
The best news of all, there were 16 closed transactions for the month of March. As you might remember there were only seven closings last month. This is a huge spike in the activity.
In conclusion, what I see is, that the Tax incentives, coupled with the ability to negotiate as well as the banks have allowed potential borrowers to buy again at a still very low interest rate, has increased the Sales Activity in the Marina as well as surrounding areas.
Should you like sales information/data about any other part of Los Angeles, please feel free to contact 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, 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 EndreBarath@TheMLS.Com or visit one of my websites at http://www.endrebarath.com