Marina Del Rey, CA Condominium Market Report for October 2010

Marina Del Rey, CA Condominium Market Report for October 2010

I f you have been keeping an eye on the weather in addition to the election results, you would have noticed that we had a Heat wave now for the past three days. Los Angeles was backing and 97 degrees was the daytime temperature. Here in the Marina it was a comfortable 74 degrees. We complained that we did not have a summer, well October an now November is making up the difference. BTW I have not heard anyone complaining here.

Not only the weather has been heating up, so has the Real Estate Activity in the Marina. Luxury Condominiums, Ocean View Condominium or near the beach condominiums all are moving.

The inventory has a small uptick from 163 of the previous month to 169 Active Listings for the month of October.

There were 12 properties Accepting Backup Offers and 42 properties that were solidly Pending. These numbers were very a decrease to the previous month of 18 & 47 respectively.

The incredible increase in the Sales was beyond expectations. September there was 14 Sold Luxury Condominiums. October just went off the Charts there were 27 Sold Condominiums in Marina Del Rey, CA.

This increase appears to be continuing for the upcoming month, I am getting calls from buyers at all hours. This is very unlike November beginning, the start of the Slow Season.  Realtors and Sellers are not complaining. We are all grateful.

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 homes@endrebarath.com  or visit one of my websites at https://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations