Marina del Rey, CA Real Estate News

By Marcus Anderson, Mortgage Broker & Agent | Westside Los Angeles, CA
(MortgageBrokerSantaMonica.com)
Real Estate Agent Marina Del Rey | Increased Leverage: What You Need to Know About Homebuying TodayReal Estate Agent Marina Del Rey – With the real estate market rapidly evolving, savvy homebuyers need to stay up to date on the latest trends and strategies. Increased leverage is one of the strategies that have been gaining popularity in today’s market. From contingencies making a comeback to sellers being more willing to help with closing costs, understanding how to use leverage to your advantage can help you make the most of your home-buying process. In this blog, we’ll explore the different ways increased leverage can benefit you as a homebuyer, and what you need to know about taking advantage of it.Contingencies are BackIn the past year, the real estate market has been hot and buyers...
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By Marcus Anderson, Mortgage Broker & Agent | Westside Los Angeles, CA
(MortgageBrokerSantaMonica.com)
Real Estate Agent Marina Del Rey | Why Buy a Home?Real Estate Agent Marina Del Rey – Maybe your friends, family, and colleagues have been telling you to buy a house, and you’re still not sure if it’s the right move. That’s totally normal! The more you educate yourself on the benefits of homeownership, the better equipped you’ll be to make that decision.Here are our top eight reasons that will answer your question “Why home buying?”Main Points to Remember Considering buying a home? It’s a big move, but there are lots of benefits to it – totally worth taking a look! The pride of ownership, home value appreciation, mortgage interest deductions, and potential property tax deductions are all the best answers to “Why home buying?” Other perks include capital gains exclusion, preferential tax ...
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By Marcus Anderson, Mortgage Broker & Agent | Westside Los Angeles, CA
(MortgageBrokerSantaMonica.com)
Real Estate Agent Marina Del Rey | What are the most important selling points of a house?Real Estate Agent Marina Del Rey – When it comes to selling a house, there are many important aspects to consider. From curb appeal and pricing to marketing and negotiation, all of these elements can make or break a sale. However, some selling points will always be more important than others in determining if a buyer is interested in a particular property. Here are the most important selling points of a house.1. LocationLocation is by far the most important factor when it comes to selling a home. Buyers should be looking for a house that is conveniently located near key amenities such as public transport, schools, shops, and restaurants. Buyers should also consider the overall neighborhood; how safe...
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By Marcus Anderson, Mortgage Broker & Agent | Westside Los Angeles, CA
(MortgageBrokerSantaMonica.com)
Marina del Rey, CA Real Estate & Homes for SaleMarina del Rey is an ideal destination for those looking to invest in a new home. The area offers a variety of homes for sale ranging from condos to single-family homes. These homes feature stunning views of the marina, ocean, and downtown Los Angeles. The area is close to the beach, restaurants, shopping, and entertainment. Marina del Rey also offers a variety of amenities and activities including sailing, boating, kayaking, stand-up paddle boarding, fishing, and more. The area is perfect for those looking to invest in a vacation home or a full-time residence. With its close proximity to the beach, variety of homes, and many amenities, Marina del Rey is an ideal place to find a new home. View Marina del Rey, CA Real Estate & Homes for Sale...
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By Marcus Anderson, Mortgage Broker & Agent | Westside Los Angeles, CA
(MortgageBrokerSantaMonica.com)
Real Estate Agent Marina Del Rey | What Homebuyers Must Know Before Buying a Foreclosed HomeWhat should homebuyers know if they’re considering buying a foreclosed home?Real Estate Agent Marina Del Rey – Homebuyers considering purchasing a foreclosed home should be aware of the unique aspects of the process.– Foreclosed homes are typically sold “as-is”, so buyers should take the time to inspect the property for any issues that may need to be addressed.– Buyers should be aware of the timeline involved in the foreclosure process and plan accordingly to accommodate any delays that may arise.– Homebuyers should be prepared to undertake a thorough home inspection and be aware of potential issues with the property, such as code violations and structural damage. – Finally, buyers should be know...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
There is no place like home, not just for the holidays... there is no place like home all year around. I was just thinking top of my head:1. No worries of rent increase2. No worries about the lack of response from management3. No complaining about the neighbors making loud noises because they know management is off duty.4. No worries about the neighbor's dog barking and no one is home5. No worries about not having hot water and cannot get hold of the management. 6. No worries how many pets you have aka cats and dogs.The best part is up or down market your equity on the home keeps increasing in the long run. So, with that said if you are tired of your landlord, I am working during the holidays to find you a home. Feel free to reach out to me.   Wishing you a safe and healthy life and I l...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Speechless Sunday: a fun Sunday afternoon in Marina Del Rey, CA 90292 well Diane wanted to stop by the beach. It was a perfect Sunday afternoon, my deals were being auto pilot hence I was all for stopping in where we used to live for ten years of our lives. So with that said we took Holly along for the ride. This was the second time she has been to the Marina and she loved it. She enjoyed sniffing and it was just perfect many other dogs were around and the beach was not crowded. Clearly she loved walking on the sand too.  In case you are wondering Marina Del Rey is next to Venice Beach and the vibe is totally different.  Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
In case you did not know, the Los Angeles Country Department of Beaches Harbors has jurisdiction over the Land Leases in Marina Del Rey, CA. Many people are surprised to hear that Marina Del Rey is remarkably as  in London the property owners do not own the land. They lease if from the County, the State or the Country.One of the last remaining “Old Marina Del Rey” is Fisherman’s Village and Mariners Village (another post to follow). As you drive from LAX (Los Angeles International Airport) heading to Marina Del Rey as you make the first turn to the Marina, the first sight you see is the blue and white lighthouse. It reminds you of a quaint New England fisherman’s village with the colorful buildings on the water  front. The view is utterly New England or alternatively could remind you of...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
As some of you who read my posts know I am not only a Wine Snob but a Coffee Snob as well. With that said we buy our coffee beans fresh and make each morning fresh brewed.... if you are looking for a reasonably priced "fantastic coffee" and it happens to be a chain, you will not be disappointed... much better than the "green competitor"....  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, luxu...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Marina Del Rey, CA  Condominium Market Trends Report is published!Those of you who read my blog posts know, that we used to live in Marina Del Rey for about ten years. Then about five years ago we moved. Hence Marina Del Rey has a special place in my heart. Living near the Pacific Ocean has some truly wonderful benefits. When life’s stress needs to be relieved, take my word for it walking five hundred yards to the Beach is very therapeutic.Then to boot, Marina Del Rey has been going through a transition and has a young vibe to it. So, if you love the idea of seeing, hearing or being near the waves then you will love this Market Trends Report.Now keep in mind Marina Del Rey has become a magnet to Tourists from all over the Globe. Generally, they all go to Santa Monica and then meande...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Most people who are not from the Greater Los Angeles area are surprised what a large rental population we have. So with that said let us look at the Marina Del Rey, CA Community Overview: This is not unusual if you saw what ocean view condominiums are selling for as well as townhomes that are walking distance to the ocean, then you will understand that it is actually a relatively low number. When we lived in Marina Del Rey, we used to see many well known Sports figures as well as entertainment industry people whom even I recognized:))Yes, Marina Del Rey, CA has a very hip and young vibe to it. Clearly when we lived there Diane and I used to say wow we should have moved here 20 years ago:))Now if you are looking for a knowledgeable Realtor to represent you in the purchase or the sale of ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Early Voting can be a challenge. Over the years I have wondered what the benefit of early voting is? Then I was pondering why would one want to vote early? I understand that when you are in the military you need to vote early so your vote can count.   When I was in the military life was simpler. Most of the US Mail was delivered. No one questioned will your votes not be counted.Fast forward to 2018 and we are always concerned will our votes be counted. So, when the National Association of Realtors decided without input from the membership that there should be a gathering in Boston, MA during the Mid-Term Elections, my first reaction was WHY? Then to boot, why Boston, MA when it gets cold and rainy at this time? Needless to say, I am digressing.Clearly this decision by NAR, created some ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
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 wh...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Marina Del Rey, CA Condominium Market Report is published...The biggest attraction to Marina Del Rey for buyers and renters is the close proximity to the Pacific Ocean as well as Santa Monica and Beverly Hills to name a few. All reachable and are less then ten miles from Marina Del Rey. Needless to say another great benefit is to be three miles to Los Angeles International Airport aka LAX.As you can see there is still a very tight inventory for potential buyers of Condominiums in Marina Del Rey.Even though the days on market have increased, do not be fooled it is still very much a sellers market.  The only benefit buyers can see is that they have an opportunity to think over what they plan on offering for the property, instead of the standard "give me your best and final". If this t...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
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 le...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Just received a call from one of my many referral sources who know that I lived ten years in Marina Del Rey, CA and knew that I have a special spot in my heart for Marina Del Rey, CA. She wanted to know how the Condominium Market is doing. Needless to say I always enjoy sharing information, but in this instance I thought I would share with all my readers as well.Just like everywhere else inventory is tight well see for yourself! Clearly you can see Days on Market is incredibly fast, hard to visualize that for two years consistently the sales have taken place in less than 12 days...  Not surprizingly the Average Sales Price has been increasing as well. Now if you are considering selling or buying a Condominium in the Marina Del Rey, CA area please reach out to me for a confidential conve...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Marina Del Rey, CA is one of the best beach towns in the greater Los Angeles area. It never gets old it has a vibrant and young feel to it. I have lived in Marina Del Rey, CA for about eight years and I have wonderful memories of my time here. Needless to say always love to help buyers and sellers either move up or move into this community. So with  that said let's look at the Condominium Inventory: As you can see inventory remains very tight and buyers need to be ready to step in when they see a Condominium that fits most of their needs and wants otherwise they will miss out to another buyer!Let's look at the Days on Market Numbers:  Marina Del Rey, CA 90292 remains a very strong and fast seller's market. I do not even have to see the sold statistics. I am confident prices have increas...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The latest California Trends: Electric Scooters time to regulate them…Just to give you a little background: I have been one of the early proponents of the Bike Share Program when politicians were studying them in Beverly Hills, CA and Santa Monica, CA. I have written way back then about the foolish waste of money and time that both local governments were about to spend when all they had to do was look at the feasibility study that Boston, MA did way before and were already implementing it successfully.Many years later you can see the Bike Share program working extremely successfully all over Venice, CA, Santa Monica, CA, and Beverly Hills, CA and Los Angeles, CA to name a few of the local communities.Recently in the past six months I have noticed abandoned Electric Scooters in Marina De...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Marina Del Rey, CA Condominium Market Trends Report is published.. Those of you who read my Blog Post regularly might think that I am just cutting and pasting my last Market Reports. Honest it is new information but the message sounds familiar. Inventory is tight, there are few listings and prices are increasing.So with this introduction let's see how the Marina Del Rey, CA Condominium Market has fared...Clearly you can see inventory remains tight. So therefore I would not be surprised that Days on Market has been shrinking as well. I noticed that the Condominium Market was fast in Marina Del Rey, CA but even I was shocked how fast the market is moving. Clearly I am not surprised that the prices have increased. The answer is easy, interest rates have been inching up and Marina Del R...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Marina Del Rey, CA Condominium Market Trends Report is published. Should you have specific questions please reach out to me directly via email or feel free to call me. As you can see for the past three years inventory has been tight. I was accustomed to when we had three or four times more Condominiums for Sale and it was not that long ago....Now let us look at the Days on Market statistics, they are usually very telling...I knew it was a fast market but these numbers really surprised me. if the average is 12 days that tells me that most of the listings sold on the first or second day. Hence the odds are very likely that they all sold in Multiple Offers...After seeing the Days on Market statistics the next chart will not surprise me...let me guess prices have increased year over yea...
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