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!

[idx-listings city=”Marina Del Rey” propertytypes=”511″ orderby=”Price” orderdir=”ASC” count=”150″]