Marina del Rey Real Estate Market Update - October 2015

Marina del Rey October 2015 Market Overview

In Marina Del Rey there were 28 condominium sales in October 2015, down from 30 in October 2014and a 8% increase from the 26 sales closed last month. The average list price for condo sales in October 2015 was $1,099,389 compared to $838,712 for October 2014, representing a 31% increase. For the three-month period from August to October 2015, the average list price was 16% higher than the same period of the prior year. Average sales price for October 2015 was $1,066,527, compared to that of August through October 2015, which was $990,943. These results indicate that the sale price is trending up. Comparing October 2015 to September 2015, Marina Del Rey saw a 28% increase in average sale price, and a 30% increase compared to same month of the prior year.

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