Marina Del Rey Condominium Market Report for August

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708

I have compiled the Marina Del Rey Condominium  Market report for August.

 The numbers seem very consistent with July’s Active Listings. Currently there are 184 Active Condominiums on the Market, compared to July it is one more.

Properties that are in Escrow and Accepting Backup offers as well as Pending are amazingly similar as well. There are 26 properties where the Buyers have not removed their contingencies and there are 37 that have removed all their contingencies. The numbers are virtually identical.

 I just read somewhere that the Pending Sales Index has only been tracked since 2001. This I found quite interesting, since the Pending numbers are the indication what the following month will look like. As I look at these numbers I can see that the momentum continues for the better and I anticipate a robust sales numbers for the month of September as well.

The most important number outside predicting next month is the Sold numbers. Last month there were 26 Condominiums that changed hands in Marina Del Rey, CA. that is an increase of 8 per cent again. Compared to the national statistics, Marina Del Rey, CA has had an increase month over month in sales now for the past 8 months vs. the national numbers have been six months in a row in creasing.

I just want to remind everyone do not wait too long, since the tax incentive for buying will be ending on November 30th. That means you have less then 60 days to take advantage of this great benefit.

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  

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
California Los Angeles County Marina del Rey
Groups:
Everything California
International Real Estate
Agents who want REFERRALS!
Posts to Localism
Ultimate Real Estate Network
Tags:
buying
realtor
condominium
first time home buyer
tax credit
luxury condominiums
marina del rey ca
endre barath

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,202,680
Ralph Gorgoglione
Maui Life Homes / Metro Life Homes - Kihei, HI
Hawaii and California Real Estate (310) 497-9407

I had a buyer who was about to write an offer on some new construction in Marina Del Rey.

She changed her mind after seeing that 2 other new construction buildings on the same street went bankrupt before they were sold.

Sep 02, 2009 01:36 PM #1
Rainmaker
3,221,646
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Sorry to hear about your buyer, you could have been part of these  statistics. Good luck and thank you for commenting.

Sep 02, 2009 02:37 PM #2
Ambassador
942,152
Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

Hi, there, Endre.  I just wanted to drop by and say how much I enjoy your market reports.  Have a great weekend!

Aug 17, 2012 05:26 AM #3
Rainmaker
3,221,646
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Hey Suzanne, I guess I need to start doing them, there has been a lot of requests for them recently!

Aug 17, 2012 05:48 AM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
3,221,646

Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
Ask me a question
*
*
*
*
Spam prevention