Marina Del Rey, CA Condominium Market Report for February 2012
Marina Del Rey, CA Condominium Market Report for February 2012
Recent data suggest that the worst may be over and that the housing sector has begun to stabilize. This was on MSN.com a widely read portal on the internet.
“While we still have a long way to go back to normal, the latest numbers are one more indication that housing is slowly turning the corner,” Bob Nielsen, chairman of the National Association of Home Builders, said recently. David Crowe, the association’s chief economist, added, “We anticipate continued, slow improvement in housing starts and sales through 2012.”
Comments like this are being mentioned more often than what we have been used to seeing in the past two years. Now with that said I am still a firm believer that Real Estate is Local and in the Local statistics there are even Micro Markets.
One of the main reasons I love Marina Del Rey, CA is, since it is one of the most centrally located Beach Communities in Los Angeles. Marina Del Rey is bordered by the Pacific Ocean on the West and next door to the World Famous Venice Beach on the North . On the South there is Playa Del Rey. The best part is it is only about six miles to Beverly Hills. So let us look how the Real Estate Activity fared in Marina Del Rey CA. Also let’s not forget I live 300 yards from the Pacific Ocean.
Now with that said let’s see how the Real Estate Market Activity fared in Marina Del Rey, CA.
February: There were 114 Active Listings, Accepting Backup Offers were 12, Pending 7 and Sold 17.
I have noticed a decrease of inventory from the previous month and a slight decrease of Sold properties on the other hand Pending properties have increased. This is a mixed sign well see it for yourself:
January: there were 73 Active Listings, 5 in Backup position, 1 on Hold and only 8 Pending and 27 Sold. Part of this I attribute to the sellers believing in the old adage not to list their property in the winter rather than in the spring, the decrease in sales are directly related to the challenges of getting loans as well as appraisals in today’s turbulent Economic Times!
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 310.486.1002or emails me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.comYourPet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.
