Marina Del Rey Homes For Sale: 2012 vs. 2013

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Marina Del Rey Homes For Sale: 2012 vs. 2013

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

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

Number of Marina Del Rey homes for sale closed in 2012: 39
Number of Marina Del Rey homes for sale closed in 2013: 40 

These statistics represent a minor increase of 2.5% in the total number of Marina Del Rey homes that closed escrow in the year of 2012 versus the number of Marina Del Rey homes that closed escrow in the year of 2013.

Average Days on the Market (DOM) for a Marina Del Rey home for sale in the year of 2012: 87 Days on the Market.
Average Days on the Market (DOM) for a Marina Del Rey home for sale in the year of 2013: 74 Days on the Market.

This represents a statistically significant decrease of 17.5% in the number of days it took for a Marina Del Rey home sale to close in the year of 2012 versus those in the year of 2013. Even though there was a slight increase in the amount of homes sold in 2013, the time it took to sell a home in 2013 in Marina Del Rey decreased dramatically. This observation represents an increase in demand for a home in Marina Del Rey, as well as an on the rise real estate market. 

Median price for a Marina Del Rey house sold in the year of 2012: $1,565,000
Median price for a Marina Del Rey house sold in the year of 2013: $1,723,750

In comparison to the year 2012, 2013 had a much higher median selling price for a Marina Del Rey home, with a substantial 10% increase in median price. Even in a market that is starved for homes for sale, this is an obvious indication of a stronger real estate market. In only a years time, the median price of a home in Marina Del Rey rose, an economical indication that the real estate market is becoming stronger. 

Currently, there are only 9 homes 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 homes for sale. The Marina Del Rey real estate market generally achieved more closed Marina Del Rey homes for sale, with significantly less time required to sell down the limited amount of homes for sale.

For questions about buying or selling a 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 Marina Del Rey homes for sale closed in the year of 2012 versus Marina Del Rey homes 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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