Marina del Rey, CA Real Estate News

By Ralph Gorgoglione, Hawaii and California Real Estate (310) 497-9407
(Maui Life Homes / Metro Life Homes)
RainCamp Los Angeles 2010 - Marina Del Rey / Loyola Marymount - Great Day! Great Information! Here at RainCamp Los Angeles at Loyola Marymount University in Marina Del Rey, California. Some really good information regarding Search Engine Optimization and agent websites today. MarketLeader provided us with some information on their services and I will probably end up taking advantage of their website products. Cool T-Shirts are being given out. It was really great meeting everyone in person that I've been seeing on my computer screen for a year now! Here's some pics:
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Speechless Sunday, April 11, 2010     Douggy & Jack are watching El Nino Rain. I know you guys always here me say it is 70 Degrees and Sunshine. Not tonight it is pouring down.       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, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) 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)
Marina Del Rey,CA Condominium Market Report for March,2010. Well the Spring Home buying season is upon us. Major League Baseball had its open games already. So with that let us see how the Marina Del Rey home buyers decided as well as the sellers. The inventory appears to be comparable. For the month of March there were 141 active listings. There were only one more than the previous month. Now properties in Escrow had a dramatic down turn for the month of March, from 79 properties there was an unbelievable drop to 20 properties in Escrow. Of the 20 Condominiums in Escrow 6 are still accepting back- up- offers, and 14 have removed all their investigation contingencies. What is even more interesting that only 10 properties closed this month? For having 53 Pending in the previous month, it...
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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 for February, 2010 I live in Marina Del Rey, CA a small beach community, hence I am always asked (by neighbors and anyone who recognizes me as a Realtor in Restaurants, on the Beach or in the Grocery Store)"... How is the Market...?" I love the question and then I just want to talk....I finally realized it is not always possible to do that. Now I just have a small conversation and direct them to read my Market Report. So to all those who have been patiently waiting for my delayed report, (It was due to my old Laptop's crashing that I am so late) without further delay.... In February there were 141 Active Condominiums listed on the Market. Almost identical to the previous month, the difference is negligible. The numbers of properties in Escrow...
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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 for January 2010. I can hardly believe how fast this month went by. Good news was I was busy handling four Escrows and two of them closed. The others I am trying to keep together. I will not compare  the statistics to last month, since this is a new year, let us see how the numbers are.: There are as of January 31st 2010  139 Active Condominiums on the Market.                                                   22 Are accepting back up offers, where the buyer has not removed their contingencies yet.                                                   33 are Pending waiting for funds to close.                                                   23 Closed transactions for the month of January.   My first impression is, that  this is a large number of ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
There are some very telling numbers and graphs to support the activities in the Marina Del Rey,CA Market Report Summary for 2009. As I mentioned earlier I have never seen such an active November and December as this past year. The numbers are here to confirm that. There was a 286% increase over December of 2008. How about that for people being too busy with the Holidays. The graph above shows you The Number of For Sale Properties by Month. Very interesting how little inventory we have for sale. Equally telling is the Supply & Demand by Month. Inventory is down by 41% and number of sold properties are up by 77%. 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 Cit...
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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 Part #1. (2009 vs 2008 summary and comparison) As I previously indicated the Information will be detailed and very interesting.  My first chart is the Median Sold Price by Month comparison. December 2008 vs. December 2009. The median Sold price is down by 12%. This in the big picture, what we went thru, a tumultous 2009 with the economic and real estate meltdown is very suprizing. I was expecting just like many of you to be worse.   So to recap the  December 2008 the Median Sales Price was $544,000 and in December the Median Sales Price was $569,500. Now let us look at the Median For Sale vs Median Sold This is also very interestind The median price of for sale properties is donw 9% and the median as Imentioned above is d down 12%. Again  afte...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Here is the Condominium Market Report for Marina Del Rey, CA for the month of November 2009.We are approaching the end of the year, planning for next year is heavy on my mind. I am also going to do a year to year month to month comparison at the beginning of January be on the look out, it will have charts and data. Should be interesting. In the mean time enjoy the current numbers.   Monthly Statistics - Condo - November 2009   Sales Volume No. Area Nov 2008 Nov 2009 Oct 2009 2009 To Date 2008 To Date SP/LP SP/OLP 12 Marina Del Rey $7,585,900 $9,004,600 $13,126,600 $117,376,278 $148,184,819 96.19% 88.93% Sales Volume No. Area Nov 2008 Nov 2009 Oct 2009 2009 To Date 2008 To Date SP/LP SP/OLP All Selected Areas $7,585,900 $9,004,600 $13,126,600 $117,376,278 $148,184,819 96.19% 88.93% Media...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
The annual Marina Del Rey Holiday Boat Parade will take place on December 12th from 6:00 to 8:00 p.m.  The parade will start with fireworks at 5:55 p.m. This year's theme is Christmas in Paradise with the boats circling the channel several times and judging taking place later in the evening.For more details please visit mdrboatparade.org.
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
I have been so consumed by three different transactions that I just did not have any time for the Market Report for Marina Del Rey  for the month of October. Late as it may be, here it is. To make up for the lateness I have added the following for added value. Let me know what you think: Monthly Statistics - Condo - October 2009   Sales Volume No. Area Oct 2008 Oct 2009 Sep 2009 2009 To Date 2008 To Date SP/LP SP/OLP 12 Marina Del Rey $15,143,000 $12,756,600 $16,359,300 $108,001,678 $140,598,919 94.35% 91.64% Sales Volume No. Area Oct 2008 Oct 2009 Sep 2009 2009 To Date 2008 To Date SP/LP SP/OLP All Selected Areas $15,143,000 $12,756,600 $16,359,300 $108,001,678 $140,598,919 94.35% 91.64%   Median Sales Price No. Area Oct 2008 Oct 2009 Sep 2009 2009 To Date 2008 To Date 12 Marina Del Re...
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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 Activity Report for September 2009  September was a very busy month for many Realtors in the Marina. Every one I spoke to seemed to be going into or coming out of Escrow. I have noticed many times that it takes two attempts before something closes.  Looking at the Active Condominiums as of October 1st there has been a nine per cent drop in the inventory. Coming from 184 Active listing to 169 tells a lot, fewer choices in the next few months to pick from.  The Condominiums that are currently in Escrow consist of 23 still waiting to remove their contingencies and 40 are solidly pending. The total number is identical to the month before. How fascinating is that?  Interestingly there were more sales in the month of September then in August. There was ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
I love writing about Marina Del Rey, CA. I live here and I am passionate about this seaside town that is only 47 years old. Los Angeles is famous for many things, one is the Entertainment industry and the other is Los Angeles loves everything that is new. Hence in the big picture Marina Del Rey is New. A suburb of Los Angeles,CA.  Thanks to President Eisenhower's signing of the River and Harbor Act in 1954 the building of Marina Del Rey came about. The workers broke ground around 1957 and the rest is history.  With that introduction let me show you the pictures we took this past Sunday on a casual stroll. How can you not be passionate about living here?   I understand it is starting to get cold everywhere else but here:) If you look at the slip to the right of the boat you will see the ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
I have compiled the Marina Del Rey Condominium  Market report for August.  The numbers seem very consistent with July’s Active Listings. Currently there are 184 Active Condominiums on the Market, compared to July it is one more. Properties that are in Escrow and Accepting Backup offers as well as Pending are amazingly similar as well. There are 26 properties where the Buyers have not removed their contingencies and there are 37 that have removed all their contingencies. The numbers are virtually identical.  I just read somewhere that the Pending Sales Index has only been tracked since 2001. This I found quite interesting, since the Pending numbers are the indication what the following month will look like. As I look at these numbers I can see that the momentum continues for the better a...
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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 for July 2009. I have been covering three different micro market areas on the West Side of Los Angeles and the trends are very similar. Month over month since January the volume of sales have increased.  This is interesting news for the over well being of the Real Estate Market. I am particularly interested in the Marina Del Rey Condominium Market, since not only do I sell here, but I live here as well.  Currently as of July 31st 2009 there are 183 Active Condominiums on the Market  Accepting Back Up Offers are 26 Condominiums  There are 33 Condominiums where the buyers have removed all contingencies and are solidly pending.  For the month of July we had 22 Condominiums that Sold.  If you compare to the month of June you will be pleasantly su...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Well here we are and it is the 5th of July, 2009, I have been busy showing homes, condominiums as well as even land.  It is the half way mark for the calendar year, so let us review the numbers and analyze the statistics.          January                 February               March               April              May              June   Active:   180                     185                      191                    199               184               197 Pending:  10                      13                         19                      20                  21                30                      Accepting Backup:  11       15                        11                      17                  23                20 Sold:  12                             7                          16 ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Since Real Estate has picked up, I have been so busy that I did not have time to take a stroll by the beach. Yesterday I decided to take a walk. I was amazed at the number of people by the Channel, did not think much of it and I continued on my stroll. Then I saw two News Media vehicles, now my curiosity was peaked. What is going on?  Had a watched the news for the past few days, I would have discovered that since last Friday we had a 20-foot-long California gray whale in our channel. Evidently the whale would go out eat and return to the channel. How exciting is that, needless to say I did not have a camera with me, no need anyway, the whale has not been seen since 08:30am according to the ones in the know.  So I came home disappointed and turned on the news, sure enough the News Media...
Comments 8
By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
As I indicated in my other Market Reports, I have noticed a large increase in Activity, from traffic at Open Houses to Offers being written. There seemed to be activity of the caliber, what we were used to as Realtors in previous years. I am referring to the 2001 to 2002 timeline. When buyers were looking for "good deals" and writing offers on properties that seem to be listed 15-20% below market.  The Active Condominium listings have dropped from the month before to 184 for the snapshot of May 31, 2009. The least expensive listing is a one bed room one bath Condominium in the Marina City Club at a list price of $329,900.00. The most expensive listing is located on Ocean Front and the asking price is $5,400,000.00 this is a four bedroom four and a half bath home waiting for a discrimina...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Marina Del Rey Condominium Market Report for April 2009  April has been a very interesting month. A challenging environment to say the least, the market has been changing almost daily. So I was just as curious as you to see how the numbers came out.  Every agent I have talked to felt that there has been more activity recently then before.  Now with this introduction let's see the actual numbers.  The inventory has again increased. There are currently 199 Active Condominium Listings in Marina Del Rey, CA Interestingly enough there were 17 properties that were accepting Back up Offers. This is a huge increase over the previous month. Also increase were the pending over last month. There are currently 20 properties pending. Overall I report last month that there was a huge spike in the act...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Marina Del Rey Condominium Market Report for March 2009   I am very excited to report to the  readers, the Month of March had a lot of positive  activity. This trend is confirmed in the surrounding areas as well.  The inventory has increased to 191 Active Listings in Marina Del Rey. The good news is there were 11 properties that were accepting Back up Offers, since the contingencies have not been removed yet. At the same time there were 19 Pending, contingencies removed waiting to close. (See last months report http://activerain.com/blogsview/964148/Marina-Del-Rey-Condominium-Market-Report-for-February-2009)  The best news of all, there were 16 closed transactions for the month of March. As you might remember there were only seven closings last month. This is a huge spike in the activit...
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By JB Brookman, High School Senior Portrait Photographer
(JB Brookman Photography)
Marina del Rey Sheriff's Community Advisory Committee Meeting Monday March 23rd 4:00pm At the Del Rey Yacht Club 13900 Palawan Way   The guest speaker is retired Sergeant Early Lincoln.  He will be speaking on Elder Abuse.  The CAC chair, Lorinee Jackson, wrote that "this is an important subject to be informed about unfortunately is is happening more than you may think, maybe to an elderly neighbor or even a family member." Tens of thousands of elderly Americans are abused in our country every year.  It happens in their homes, in their families' homes and even in elderly care facilities.  By learning the signs to look out for, you can help prevent elder abuse and know how to act in their best interests.  You may know someone who you suspect is being taken advantage of.  This could be em...
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