The Marina Del Rey, CA Condominium Market Trends Repost is published..
By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
The Marina Del Rey, CA Condominium Market Trends Report is published. Should you have specific questions please reach out to me directly via email or feel free to call me. As you can see for the past three years inventory has been tight. I was accustomed to when we had three or four times more Condominiums for Sale and it was not that long ago....Now let us look at the Days on Market statistics, they are usually very telling...I knew it was a fast market but these numbers really surprised me. if the average is 12 days that tells me that most of the listings sold on the first or second day. Hence the odds are very likely that they all sold in Multiple Offers...After seeing the Days on Market statistics the next chart will not surprise me...let me guess prices have increased year over yea...