Marina del Rey, CA Real Estate News

By Steven Teoh, Los Angeles South Bay, Palos Verdes
(West Shores Realty)
Marina del Rey November 2015 Real Estate Market Overview In Marina Del Rey there were 4 single family home sales in November 2015, down from 5 in November 2014 and a 20% decrease from the 5 sales closed last month. The average list price for single family home sales in November 2015 was $1,663,750 compared to $2,216,360 for November 2014, representing a 25% decrease. For the three-month period from September to November 2015, the average list price was 19% higher than the same period of the prior year. Average sales price for November 2015 was $1,579,250, compared to that of September through November 2015, which was $1,820,167.These results indicate that the sale price is trending down. Comparing November 2015 to October 2015, Marina Del Rey saw a 26% decrease in average sale price, an...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Almost speechless Sunday: Killer Bobber...If you have ever eaten at Killer Shrimp in Marina Del Rey, CA then I am sure you noticed this Chopper! If not go and eat there you will enjoy the food and the atmosphere is fun too.....     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 at me at 310.486.1002 (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 Steven Teoh, Los Angeles South Bay, Palos Verdes
(West Shores Realty)
Marina del Rey October 2015 Market OverviewIn Marina Del Rey there were 28 condominium sales in October 2015, down from 30 in October 2014and a 8% increase from the 26 sales closed last month. The average list price for condo sales in October 2015 was $1,099,389 compared to $838,712 for October 2014, representing a 31% increase. For the three-month period from August to October 2015, the average list price was 16% higher than the same period of the prior year. Average sales price for October 2015 was $1,066,527, compared to that of August through October 2015, which was $990,943. These results indicate that the sale price is trending up. Comparing October 2015 to September 2015, Marina Del Rey saw a 28% increase in average sale price, and a 30% increase compared to same month of the pri...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
    We're honored that so many of you joined us on Coastal Cleanup Day. Thank you so much to everyone who participated, contributed, or helped prepare for this event. Our beaches were flooded with Cabernet-colored T-shirts, and it was truly inspiring to see how many of you are dedicated to #GivingBack to our communities.  Please feel free to share your success by downloading the event flier and posting it around your office – you might recognize a few familiar faces! You can find more photos from the event on our Facebook page, and additional information in the press release. Again, thank you for dedicating your time and efforts. We know many more successful events will follow!Sincerely, David M. CabotPresident & CEO Mary Lee BlaylockSenior Vice President & General Manager   Facebook   ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
What does your Screen Saver tell about you? Interesting question and it turns out it tells a lot. I used to have an Ocean View in my face every time I turned on my Laptop or my Desk Top... those were the good old days. Next thing I know is we were living in Marina Del Rey, CA.Then I switched and had picture of a home. Next thing you know we bought a home. So since then I have been rotating my Wall Paper on a periodic every few months for no rime or reason.Anyway I ended up with a Lenovo Yoga 3 Pro. this machine is smarter than the operator. I have two Screen Savers and Two Wall Papers.Well here you check it out. The First one is this picture:  Diane is holding a Book and we are at the Beach in Marina Del Rey, CA  Then there is the Second One, this was an apartment complex next to where ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
License plates we find on the road in Los Angeles, CA. Check this out and tell me what you think?    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 at me at 310.486.1002 (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)
Realtors are the most trusted advisers to buyers and sellers, make sure you maintain that status!The new changes will test everyone, Escrow Officers, Mortgage Lenders as well as Realtors.It is imperative that the Team you work with are knowledgeable and up to speed of all the changes. It is not enough to just tell the clients that there will be delays in the closings. It is a Realtor’s responsibility to make sure they are working with a skilled Team who is up to date of the changes.Make sure you are Navigating the Ship in the right direction with the right Team!!!!Here are a few questions to ask your Escrow Company:  What systems do you have in place to protect my client from having their identity stolen from your office?  Do you protect my client in the event of a mistake or error made...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Mark your Calendars September 19th is Coastal Cleanup Day!     You're invited to volunteer on our Coastal Cleanup team on Saturday, September 19.  This is a wonderful opportunity to join your co-workers and members of our local communities at California's single-largest volunteer event. Help keep our beaches clean and sparkling for everyone to enjoy.All you have to do is sign up and head to your local beach:San Diego County - Crown Point ShoresCONTACT: Nelson White - 619.300.1900 orLisa Wevley - 858.523.4940Orange County - Bay Street, Santa MonicaCONTACT: Mary Jespersen - 949.794.5700 Los Angeles County - 6th Street, north side of Huntington Beach PierCONTACT: Karima Hawa - 310.777.7800Ventura/Santa Barbara Counties - C Street/Surfer's PointCONTACT: Lyle Elliot - 805.677.7300   Particip...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Mary Jo’s 86th Birthday Celebration: late but fantastic at Café Del Rey in Marina Del Rey, CA!Diane has known Mary Jo from work for over 16+years, she used to be the Law Librarian in her office. Even after she retired Diane stayed in touch. Long story short, we always made it a tradition to invite her over at the minimum on her birthday, I would cook… and then I was going through a very busy phase of my business and our tradition switched to going out to dinner instead.Needless to say, we always had a good time, did not matter if it was a local hole in the wall or an upscale restaurant. She always had a good time with us and us with her. Well this year we had to cancel, change the venue at least three times, because Douggy our elder statesman cat is going through some rough times. Then ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Speechless Sundays:  Cafe Del Rey, Marina Del Rey, CA 90292   http://cafedelreymarina.com/ 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, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com   Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organization
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Marina Del Rey, CA Condominium Market Report, by Endre Barath,Jr. Those of you who read my Real Estate Market Reports are familiar with a couple points. One I always find that the trends are very important. One should not look at a Market Report that is old or one that does not show the trends.The combination of the two gives the Seller or the Buyer the most accurate picture. Needless to say I will be happy to interpret the data if there questions: The Average days on market jumped  in April to 112 days, clearly one would wonder what happened. The real story is what I have been saying all along one need to look at May & June and one immediately can see theat the average days are in line with the entire 12 month period  and are decreasing as we speak. this past two monts the average was ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Average Days on Market in Marina Del Rey CA is down by 44% Posted on Feb 16, 2015 by Endre Barath in Marina Del Rey Market Report | The Average Days on Market in Marina Del Rey, CA is down by 44%. That is clearly an indication of the fast paced activity of the Marina Del Rey Condominium Market. Coupled with Price increases of 5% month over month in January, then the fact that the Under Contract Activity has increased by 20%. Now add the fact that the days have decreased from 94 days on the market in January 2014 to 53 Days on the Market in January 2015 is virtually hard to fathom. Clearly the Buyers of Condominiums in Marina Del Rey are not hesitating but jumping in with confidence and knowledge of what is to come in the next few months.            The buyers are savvy and recogniz...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
In Marina Del Rey,CA 90292 the Under Contract Properties are up by 20% Posted on Feb 16, 2015 by Endre Barath in Marina Del Rey Market Report |  In Marina Del Rey, CA 90292 The Under Contract Properties, i.e.: the Condominiums are up by 20% year over year. In other word January 2014 vs. January 2015 there are 20% more properties in Pending status. This is a clear indication that in spite of the Price Increases the buyers see a value in purchasing Condominiums in Marina Del Rey,CA. 90292. Under Contract Property statistics are indication of how the next couple months will look like. To me it shows that even though it is still technically the winter,  selling season is behaving as if it was the Spring Sales Market already. Not only is this a sign of improved consumer confidence, but it i...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The Median Sold Price by Month in Marina Del Rey, CA 90292 is up by 5% Posted on Feb 16, 2015 by Endre Barath in Marina Del Rey Market Report | If you look at the Median Sold Price by Month in Marina Del Rey, CA, you will notice that in January 2014 the Median Sold Price was $775,000 for a Condominium. Now if you look at the Numbers for January 2015 you will notice that the Median Sold Price is $811,250. that is an upward change of $36,250. In other words that is an increase of 5%. Keep in mind these are all bedrooms not just one or two bedroom condominiums and it also includes all square Footage of living space. It is truly amazing. This is clearly an indication that Marina Del Rey, CA 90292 still have a huge desirability factor, in spite of all the construction and traffic jam, peopl...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
The 52nd Annual Marina Del Rey Boat Parade If you have never seen this event you must put this on your must see list. If you have no plans for tonight then you are in luck!   Name: 52nd Annual MDR Holiday Boat Parade Date: December 13, 2014 Time: 5:55 PM – 8:00 PM PST Website: http://www.mdrboatparade.org     The biggest challenge is parking and getting there so plan on leaving earlier. Speaking of earlier check out some of my posts about this great event:   The 50th Annual Boat Parade http://actvra.in/MJb The 51st Annual Boat Parade   http://actvra.in/48bH 2010 the Rock & Roll Themed Holiday Boat Parade http://actvra.in/MJ8 Anyway I could go post more and more, instead why don’t you go and you post pictures this year?:) If you are considering buying or selling a home, a luxury home, lu...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
If you walk around and observe you can notice a lot. I happened to walk by this pond in Marina Del Rey,CA and look what I saw: A Koi Fish   If you want to be near the ocean and enjoy nature Marina Del Rey, CA is the place for you to live!   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, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. 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)
 A visual reflection on the Fourth of July, 2014 Fireworks in Marina Del Rey, CA Those of you who read my blog posts regularly know how much I love the Fireworks. This year the Marina Del Rey, CA Fireworks lasted about 20+minutes. The show was jam packed with lots of great firework displays. Clearly an indication of how the Real Estate Market, the Economy and the Consumer Confidence was being reflected by the strong showing of the fireworks displays. It was also evident by the number of boats in the Channel as well as by the massive crowd watching it from both sides of the channel.   It was not that long ago when we even had the Fireworks Cancelled. Clearly I felt it was the wrong message to send. Now the message is clear the economy is rebounding at a fast pace in the greater Los Angel...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
  Pride as a Motivator! Coach John Wooden said it best! Pride is a better motivator than fear. He never thought through fear, punishment or intimidation! He preferred working with individuals who had great personal pride. He also cautioned us: “Remember, pride comes when you give respect” This made me think that when we are representing buyers and sellers in a Real Estate Transaction we need to respect the Agents who represent the other party. Not only should we respect the other agent but treat them with courtesy that the way we would want to be treated as and then just maybe the transaction will be going a bit smoother. Just thinking outloud!       If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Speechless Sundays: Blue Heron perched on his throne in Marina Del Rey,CA! Photo by Endre Barath,Jr. Marina Del Rey,CA Relocation Realtor   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, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.com or visit one of my websites athttp://www.endrebarath.com Your Pet Friendly Realtor. 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: Nature in Marina Del Rey, CA 90292         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, Playa Vista, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.
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