Marina Del Rey Condos For Sale: 2012 vs. 2013

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Marina Del Rey Condos For Sale: 2012 vs. 2013

Marina Del Rey Real Estate reports on the key market data indicators for Marina Del Rey condos for sale closed in the year of 2012 versus Marina Del Rey condos sold in the year of 2013.

Marina Del Rey Real Estate pulled all data regarding the number of closed Marina Del Rey condominiums for sale, average days on the market (DOM) and the median price achieved for the Marina Del Rey condominiums for sale in the two different time periods with data pulled from the Multiple Listing Service (MLS).

Number of Marina Del Rey condos for sale closed in 2012: 287

Number of Marina Del Rey condos for sale closed in 2013: 308

These statistics demonstrate a minor increase of 7.3% in the total number of Marina Del Rey condos that closed escrow in the year of 2012 versus the number of Marina Del Rey condos that closed escrow in the year of 2013.

Average Days on the Market (DOM) for a Marina Del Rey condominium for sale in the year of 2012: 101 Days on the Market.

Average Days on the Market (DOM) for a Marina Del Rey condominium for sale in the year of 2013: 74 Days on the Market.

This represents a statistically significant decrease of 36.5% in the number of days it took for a Marina Del Rey condo sale to close in the year of 2012 versus those in the year of 2013. Even with the increase of condos on the market during the year of 2013 versus the year of 2012 in Marina Del Rey, the time it took to sell a condo has decreased dramatically within a year’s time, representing an increase in demand and a thriving real estate market.

Median price for a Marina Del Rey condo sold in the year of 2012: $595,000

Median price for a Marina Del Rey condo sold in the year of 2013: $696,250

In comparison to the year 2012, 2013 had a much higher median selling price for a Marina Del Rey condo, with a dramatic 17% increase in median price. This represents an indication of a strong market, in which the median price of a Marina Del Rey condo had increased tremendously in only a years time.   

Currently, there are 83 condominiums in Marina Del Rey actively for sale. 

All the market data pulled from the MLS researched by Marina Del Rey Real Estate shows a reasonable increase in the demand in the Marina Del Rey real estate market in combination with an increased supply, and are good indicators of a stronger market for Marina Del Rey condos for sale. The Marina Del Rey real estate market generally achieved more closed Marina Del Rey condos for sale, with significantly less time required to sell down the increased condo inventory.

For questions about buying or selling a Marina Del Rey condominium, please contact the broker of Marina Del Rey Real Estate, Mitch Hagerman at 310-963-4358 and visit our website at www.MarinaDelReyRealEstate.co Marina Del Rey Real Estate reports on the key market data indicators for Marina Del Rey condos for sale closed in the year of 2012 versus Marina Del Rey condos sold in the year of 2013.  

Best Regards,

Mitch Hagerman
Associate Broker
DRE#01897348
posted: February 5, 2014 - Marina del Rey Real Estate - Blog
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