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

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.

Posted by Endre Barath,Jr. on 10/13/2009 12:20 AM

Comments (9)

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

OCT

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

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.

This type of information is very helpful for consumers.

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.

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:))

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

OCT

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

OCT

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

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

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