The Marina Del Rey, CA Condominium Market Trends Report is published... Marina Del Rey has always been very desirable, most people like the convenience to being close to all the action of Santa Monica and the convenience of being less than five miles from LAX also known as Los Angeles International Air Port. Then to boot to be less than nine miles to Beverly Hills and still have the Pacific Ocean as your back yard.
Hence this desirability, maintained and increased the entry point to be a home owner in Marina Del Rey, CA. Then when Silicon Valley became cost prohibitive for most of the Tech Start Ups. Marina Del Rey became a magnet. Hence Playa Del Rey, Playa Vista, Santa Monica and Marina Del Rey was called Silicon Beach. Hence with such background I am sure you will not be surprised what the Market Trends Report will look like:)
So with that said let's look at the inventory numbers:
As you can see inventory is not so bad if you compare it to 2016, unfortunately the tendency is most people have short term memory and only look back year over year. So with that said inventory has improved.
The reality is there are still more buyers therefore demand is high and not much difference in the Days on Market compared to year over year and if you look at compared the 2016 it is still a fast market.
Hence I am not surprised at the price increases. Now tell that to those who are saying that the market has slowed in the greater Los Angeles area. I have just published my third market trends report in three different market that consist of the greater Los Angeles Real Estate Market and there is one common link: Prices have increased and this eliminated many buyers and agents but the Real Estate Market is still solid.
Now, if you are looking for top notch service in the Greater Los Angeles Area for Real Estate, please reach out to me directly!!
Now, if you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly!
If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 (m) or firstname.lastname@example.org or visit one of my websites at https://www.endrebarath.com I contribute a portion of my commission to local animal rescue organizations.