Marina Del Rey Condominium Market Report for January 2012

Marina Del Rey Condominium Market Report for January 2012

The Marina Del Rey Condominium Market report is a bit late this month. Nevertheless the information is important and close to two months ahead of the Main Stream media’s reporting of the information.

While the short term economic picture may be mired with uncertainty many indicators point to the financial strength of most companies, hence that will translate to consumer confidence and ultimately will reduce the high unemployment figures. That of course will help the Real Estate Activities. That in turn will help the economy.

So with that said let me recap December 2011’s numbers as well as January 2012’s so we can properly see the trends:

December 2011: There were 73 Active Condominiums on the market for sale; there were 5 accepting Backup Offers; 1 was on Hold (generally a Short Sale); 8 Pending and 27 Sold

January 2012: There were 99 Active Condominium on the market for sale; there were 16 accepting Backup Offers; 1 was on Hold (probably the same from December); 8 Pending to close Escrow and 16 Sold for the month.

The fact that the inventory increased and the Backup Status went up over 300 per cent all are indicators of life in the Marina Del Rey Condominium Market Activity.

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 emails me athomes@endrebarath.comor visit one of my websites athttps://www.endrebarath.comYour Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.