2012 Vs. 2013: Luxury Marina Del Rey Homes Sold Over $3,000,000

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Marina del Rey Real Estate

2012 Vs. 2013: Luxury Marina Del Rey Homes Sold Over $3,000,000 



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

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


Number of luxury Marina Del Rey homes for sale closed over $3,000,000 in 2012: 1

Number of luxury Marina Del Rey homes for sale closed over $3,000,000 in 2013: 1


This represents a statistical difference of 0% in the number of luxury Marina Del Rey homes sold between the years of 2012 and 2013. These statistics also show how deprived Marina Del Rey is of luxury homes over $3,000,000, in correlation to only 1 home selling a year in 2012 and 2013. 

Average Days on the Market (DOM) for a luxury Marina Del Rey home sold over $3,000,000 in the year of 2012: 106 Days on the Market.

Average Days on the Market (DOM) for a luxury Marina Del Rey home sold over $3,000,000 in the year of 2013: 275 Days on the Market.

This represents a drastic statistical increase of 159% in the number of days it took for a luxury Marina Del Rey home sale over $3,000,000 to close in the year of 2013, versus those that closed in the year of 2012. These statistics also represent a much longer length of time it took to sell a luxury Marina Del Rey home in 2013, as compared to 2012. 


Median price for a luxury Marina Del Rey home sold over $3,000,000 in the year of 2012: $7,750,000

Median price for a Marina Del Rey home sold over $3,000,000 in the year of 2013: $4,750,000


In comparison to the year of 2012, 2013 had a drastically lower median selling price with a decrease of 63% for a luxury Marina Del Rey home sold over $3,000,000. This represents a slight decline in the demand for a more expensive luxury home in Marina Del Rey to be bought, with homes being sold less in price in 2013, as compared to 2012. These statistics are obviously distorted though because of the very low amount of luxury Marina Del Rey homes sold in the years 2012 and 2013, with only one each year.


Currently, there are 4 luxury homes in Marina Del Rey actively for sale with a listing price over $3,000,000.

All the market data pulled from the MLS researched by Marina Del Rey Real Estate shows a steady rate in the demand for the luxury Marina Del Rey real estate market, in combination with a very limited supply. The luxury Marina Del Rey real estate market drastically decreased with the time it took for a home over $3,000,000 to sell. All the market data pulled from the MLS researched by Marina Del Rey Real Estate shows a reasonably constant rate of demand for a luxury Marina Del Rey home over $3,000,000. 

For questions about buying or selling a luxury Marina Del Rey home, 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 luxury Marina Del Rey homes for sale closed in the year of 2012 versus luxury Marina Del Rey homes sold in the year of 2013.  


Best Regards,

Mitch Hagerman
Associate Broker
DRE#01897348


posted: February 6, 2014 - Marina del Rey Real Estate - Blog
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