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Marina Del Rey, CA Condominium Market Activity Report for September 2009

By Endre Barath, Jr.

Real Estate Agent with Berkshire Hathaway HomeServices California Properties 01238708

October 12, 2009 05:20 PM

September was a very busy month for many Realtors in the Marina. Every one I spoke to seemed to be going into or coming out of Escrow. I have noticed many times that it takes two attempts before something closes.

Looking at the Active Condominiums as of October 1^st there has been a nine per cent drop in the inventory. Coming from 184 Active listing to 169 tells a lot, fewer choices in the next few months to pick from.

The Condominiums that are currently in Escrow consist of 23 still waiting to remove their contingencies and 40 are solidly pending. The total number is identical to the month before. How fascinating is that?

Interestingly there were more sales in the month of September then in August. There was a 9% increase in Sales month over month.

As I mentioned above the inventory is shrinking(see chart)

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 EndreBarath@TheMLS.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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Tim Lorenz

TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA

949 874-2247

Very interesting we are seeing a bit of slowing in our market, but I would actually call it flat.

Oct 12, 2009 05:22 PM

Ralph Gorgoglione

Metro Life Homes - Palm Springs, CA

California and Hawaii Real Estate (310) 497-9407

I just got through showing condos at the Marina City Club on Friday.

The building was alright. There was just a little touch of outdatedness here and there, but still a great full-service type of complex.

Oct 12, 2009 05:27 PM

Will Nesbitt

Nesbitt Realty at Condo Alexandria - Alexandria, VA

Nesbitt Realty is a family-run brokerage.

This type of information is very helpful for consumers.

Oct 12, 2009 11:36 PM

Endre Barath, Jr.

Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA

Realtor - Los Angeles Home Sales 310.486.1002

Tim, sorry to hear your market is slowing. We are entering the Holiday Season and usually every where there will be slowdowns. Hope your year will be good inspite the slowdown.

Oct 13, 2009 06:00 AM

Ralph the City Club is one of the Oldest Condo Complexes in the Marina if you are looking for newer ones there are a few full service buildings walking distance from there. They just do not have that resort style grounds, nor the history. If the walls could talk:))

Oct 13, 2009 06:02 AM

Will thank you for stopping by. There is always more information available to the consumer.

Oct 13, 2009 06:03 AM

Haris Dedic

Villager Realty 847-878-2588 - Glenview, IL

Glenview Real Estate - Chicago North Shore

Hi Endre, after reading few of your market reports I have to subscribe to your blog. How do you make the graphs?

Oct 13, 2009 05:56 PM

Haris, thank you fro the complement and your subsciption to my blog. Feel free to contact me directly and I will clarify the graphs.

Oct 18, 2009 09:35 AM

Thanks Endre you and few other agents who made me jealous with great market reports and cool graphs.

Oct 18, 2009 09:47 AM

Marina Del Rey, CA Condominium Market Activity Report for September 2009

Comments(9)

Endre Barath, Jr.

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