Marina del Rey Condo Market Report and Inventory Analysis ~ Inventory is Steadily Dropping!

 Market Activity for Marina Del Rey for the month of October

 147 Active Condominiums on the Market available for purchase.

The most affordable Condo is a One Bedroom, One Bath, approximately 778 square feet located at, 5000 S Centinela Ave. #237  for $193,000.  In the luxury Marina del Rey Condo Market the most expensive Luxury Condo is a three bedroom and three and a half bath Penthouse unit located at Marina Pointe with 3,111 square feet of living space and INSANE views for $4,200,000.00. 

This was an increase in price on the high end and a decrease in the low end. Also there was a decrease in the number of properties on the market compared to September.

  •  –35 Condos currently in Pending Status that are just about close to closing escrow. 
  • – 20 Condos in Backup-Status, where the buyers still have not removed their contingencies.
  • – 3 Condos Have Sold Since October 1st  ( The Sales for September include 21 Condo & Lofts)  This is a large increase of activity compared to the previous month.

Marina del Rey Real Estate Inventory Status Graph ~ Pickings are getting slimmer!

Marina del Rey – number of properties

 

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