Marina del Rey, CA Real Estate News

By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Marina Del Rey, CA, 90291–90292, 90295 Market Report is published... The inventory is improving, this is clearly a good sign. There are so many people considering making Marina Del Rey as their home, hence this is a fantastic direction the market is heading. Not surprisingly when inventory increases so do the sales statistics. Now as far as I am concerned the next graph is the tell tale as to how fast the market is. It is an indication of is it a seller's or a buyer's market? Or is it heading to a balanced market. Well with this introduction let's see the numbers. Well with these statistics, it is clear that Marina Del Rey, CA has a sellers market. Needless to say when you see that the Median Days on Market is 24 days, if you are a buyer you better be ready to buy and not flinch or ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Having been a Realtor for over twenty-four plus years, I have learned early in my Real Estate career, that the most important challenge any Realtor faces is ‘Time Management and Proper Prioritization of their Tasks’. This business can be chaotic, especially if one does not know how to master the priorities of the business in an efficient manner. Keeping it in mind, this is a universal and a common thread of the real estate profession. It does not matter if you are a Beverly Hills Realtor or a Los Angeles Realtor the principles remain the same. As, Winston Churchill once said “…you create your own universe as you go along…”  I find that, this is such a spot-on observation and so true in Real Estate. I am a firm believer, that you need determination, as well as you must have the proper me...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
 The Marina Del Rey, CA Real Estate Market Trends are just amazing.... just look at these statistics: How would you like to represent buyers of Marina Del Rey, CA condominiums? Clearly the answer you are in for a long and hard search....The good news is that the inventory is starting to increast:​​Needless to say that is still not enough inventory to have to satisfy all the buyers. Hence Sellers are smiling:)If you had any doubts about the market i.e.: is it a seller's or buyer's market, well please check out these statistics and you will get your answer instantly: As the average sales price increases and the days on market decrease that is clearly a Sellers Market. Do not let anyone else tell you otherwise.I remember when it was a ballanced market there were about 200 condominiums on t...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
If it looks too easy think again: going back and correcting mistakes in blog posts written nine years ago is not as easy as it looks. It takes time and effort!Just as a background when I joined Active Rain, I had no idea what I was doing. I could compare how I learned to blog to the way most people have learned how to swim 50+ years ago, i.e.:   using the old sink or swim method.The non-swimmers were thrown into the fast-moving river and their teachers hoped that they learned to swim and not drown. Lucky for me I did learn how to swim that way and I am still here to write about it.At the same time when I joined Active Rain in 2008 it was a very similar experience. Here I am 2421 one blog posts under my belt, I managed to learn how to write. Well let me qualify it and just say, better th...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Have you fulfilled your dream? Diane and I walked along our  old stomping grounds that we called home for eight plus years. Marina Del Rey, CA that is. Now with a different set of perspectives, three years removed we decided to take a stroll with our dog and interestingly we noticed this sculpture. It made me pause and reflect.... Now if you are brave please share here if you have fulfilled your dream or  is it a work in progress? In case you are wondering it is still a work in progress for me.Now if you are looking for a Realtor who is prepared to fulfill your dream by helping you buy your  dream home please reach out to me directly!If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Souther...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
This post was inspired by a call I received from one of my friends, she said did you see the news Marina Del Rey Condominium market has been tanking from a price perspective. My first reaction was anger about the news.... then annoyance of the media putting out information that seemed contrary to what I have been experiencing.Now with that said it was time to do some  quick research. Well here are the results you tell me how the market is in Marina Del Rey, CA!!! OK the Median Sales price is increasing at a modest rate year over year. THIS does not seem so bad?Clearly the number of sales have inceased year over year. Again I fail to see where there is a problemOK inventory is not the best but compared to last year it is pretty good if you asked me. So why the Doom & Gloom? Is the Media ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
 A Winter Lunch in Marina Del Rey, CA 90292As most of you who read my blog posts know I seldom take time out ‘just to relax and be with friends’. Well today’s get together was scheduled six months ago, and it was here in no time. As we speak the next gathering date was locked in as well and that will be here in no time also.All three of us gravitate to having good food, good wine and good ambiance. So where should we meet? The answer was easy, at the same place as we met the last time, in Marina Del Rey at SALT the Restaurant in the Marina del Rey Hotel of course. 13534 Bali Way, Marina Del Rey, CA 90292Phone: (424) 289-8223http://www.marinadelreyhotel.com/  If you are looking for casual, relaxed atmosphere with good food, you owe it to yourself to check out SALT! Today it was a bit chi...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Marina Del Rey Condominium Market Report November 2016Most people have been reading various and conflicting headlines how the Real Estate Market is. I was looking for information how the Marina Del Rey Condominium market has fared. As you can see nothing to be ashamed of. As you can see in the past three years the Median Price Per Square Foot has increased at a moderate rate.  The active inventor is very much on track to what the 2014 numbers were like a bit under but overal very simmilar. Keeping in mind 2014 was a very active year. That is when the Marina Del Rey Real Estate activity cought fire and we just had a tough time believe that it could last. As you can see despite the increase of the price per square foot. The Average Days on market compared to November 2014 is half. Rea...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
On this day, Veterans’ Day, we honor all veterans, living or dead. We stand united to praise the men and women of our armed forces.We shall never forget that, because of them, we enjoy the freedom to vote, criticize our politicians and enjoy all things other nations are jealous of. We stand shoulder to shoulder with all veterans whether we shared the same foxhole or just the same experiences. I wish you all to have a great Veterans Day with friends and family, wherever you may be. When you have, a moment, please thank a Veteran for their service not just today but any day you can show your appreciation.If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Centu...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Marina Del Rey, CA Condominium Market  Report for September is published...Buyers and Realtor watch the listing inventory closely, primarily because that will determine what type of purchase strategy has to be used.  As you can see compared to the previous year there is an increase in the inventory, needless to say compared to two years previously the inventory is still tighter.Equally important indicator is the median Sales Price. That will determine how the market is doing year over year: As you can see the Median Sales Price has increased by 18% since 2014, that is a huge increase when you are looking that is the Median Sales Price.  As you can see that the Days on Market is very much in line. In 2014 there was more inventory and in 2015 there was less hence the Median Days on Ma...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
There they go again: Zillow with another doom and gloom observation…. the end is near….To paraphrase then Governor Ronald Reagan’s comment to President Jimmy Carter in the 1980 presidential debates…. There They Go Again with another doom and gloom observation.In case you missed it, Zillow determined and announced, based on a combination of Hocus Pocus and data from the National Oceanic & Atmospheric Administration’s data and Climate Change information that Marina Del Rey, CA is not a good long term investment, because by 2100 AD parts of Marina Del Rey, CA or most of it will be under water.Now keep in mind this information is touted by the company that has admitted by their own words that Zestimates are just estimates and may vary widely from the actual value of a home. In February of 2...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Tight Inventory has been the plague of the greater Los Angeles Real Estate market for the past few years. In addition to tight inventory is also the high entry price point. The threshold to enter the Los Angeles Real Estate Market.Needless to say you have heard me complain about it via my comments or my blog posts. The second challenge has been the entry price point to purchase a home. This is actually just as difficult of an obstacle to overcome.Many buyers are left behind and have hard choices to make. If they can not afford to buy a multi million dollar Single Family Residence in the specif area they want to live.They only have two choices, one is to RENT the other is to buy a CONDOMINIUM. So with that said let's look at these numbers.If you are considering buying a Condominium in Pa...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
This photo was taken at another one of my favorite Beach Restaurants in Marina Del Rey, CA. Non other than  having Brunch at Cafe Del Rey, in Marina Del Rey, CA     If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at  http://www.endrebarath.com.  I am a Pet Friendly Realtor and I contribute a portion of my commission to local animal rescue organizations
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Speechless Sundays: looking for Meathead? Well you found him!  If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at  http://www.endrebarath.com.  I am a Pet Friendly Realtor and I contribute a portion of my commission to local animal rescue organizations 
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Speechless Sunday: Marina Del Rey, CA View   If you are looking for an Ocean  View Home or an Ocean View Condominium in Marina Del Rey,CA please reach out to me directly!  If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at  http://www.endrebarath.com.  I am a Pet Friendly Realtor and I contribute a portion of my commission to local animal rescue organizations 
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Marina Del Rey, CA Condominium listings remain very tight from an inventory perspective. Look at the three year comparison and you can see why buyers and their agents are complaining about the need for more inventory: Needless to say with the lack of inventory not surprisingly the Pending Sales are down as well. Surprisingly not as much as I would have anticipated.  I am sure as you saw the above two statistics you can guess what this has done to the Days on Market Statistics. Amazing a property that is listed is virtually Pending in days.... If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Marina Del Rey, CA 90292 Condominium Market Report is published. Check it out, the statistics are very telling!Those of you who consistently read my posts have seen me lamenting about a shortage of inventory. As you can see. There are legitimate reasons I have been complaining about the lack of inventory. As you can see what little inventory there is on the market virtually is sold within a few days. This is a clear indication that the demand is still there and the buyers are ready to become Condominium owners or Townhome owners in Marina Del Rey,CA 90292. As you can see the Pending Status shows what ever comes on the market is virtually sold. The Marina is going through a transition, the age group is changing to a younger and more affluent community. Needless to say that is a subje...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Marina Del Rey Condominium Market for February 2016 has been very interesting and I have been meaning to share with you. Keep in mind these numbers include the ultra luxury penthouses as well as the townhomes that are a couple miles from the beech. You have heard me and everyone else grousing about the lack of inventory well just look at the three year comparison and it is very telling. I recall not that many years ago we used to have an average of 200 plus units for sale.Now if you look at the New Listings that came on the Market it will be part of the above statistics but is gives you a better understanding.  Clearly shows that the trend is not improving as we speak. Let's keep in mind we are about to enter the Spring Market which is generally more robust with activity than the Wi...
Comments 12
By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Marina Del Rey, CA "The La Villa Marina Complex".  It has been years since I highlighted this quiet undervalued pocket of Marina Del Rey, CA. The year was 2012, most people preferred living by the beach in those days and this area was considered too far. Keeping in mind it is less than a mile from the beach. Things change, desirability increased as the prices have increased being next to or on  the beach.I always loved and still love this pocket of Marina Del Rey, because it has a resort style living. There are many other complexes in this hidden community of Townhomes. Funny part is three years later is is considered  being in the heart of Marina Del Rey,CA.Ever since, the industrial part of Marina Del Rey, CA has been converted to Condominiums and Lofts of lesser size and virtually no...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
SALT the Restaurant in Marina Del Rey, CA 90292We decided to meet our friends from Boston at SALT, that is the Restaurant in the Marina Del Rey Hotel which is now part of the Pacifica Hotel chain, in Marina del Rey, CA, 90292. It has been years since I stepped on the ground, many years ago we used to have my parents stay in the Hotel. It was very convenient, we lived less than a mile from there so I could pick them up in the morning and drop them off in the evening…. Since the last time my father was visiting it was very hard for me to bring friends there…. Mercifully they did a huge update and it was closed for a few years.Needless to say after a $25 million dollar make over they reopened. I have been following the Restaurant and the reviews for some time. The Executive Chef is Mark Go...
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