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The Marina Del Rey, CA Condominium Market Trends Report...
The Marina Del Rey, CA Condominium Market Trends Report is published.
 
 
As you can see inventory has increased and this of course has all the buyers excited. Ironically many people were complaining that inventory was scares now they are worried that this is an indication of the market changing.
Now if you had views like this do you need to worry? My answer is no, just enjoy living here... now let's look at how the sales numbers turned out. BTW I took this picture from Killer Cafe' today a fantastic laid back Marina Del Rey Restaurant that is open would you believe it 24/7?
Fewer Sales, have take place compared to month over month if you look at the previous two years. Seeing these numbers I suspect the Days on Market has increased as well.
Realistically this is not surprising, but do not let the media scare you if they quote a 58.8% increase the reality is when sales are under 30 days that is still a very fast Real Estate Market. Do not have short term memory, just because before there were 12 -15 offers on the Condominiums in Marina Del Rey, CA I would suspect the end result is the same if there are ... more

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