Endre Barath,Jr.

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 1^st 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 a 9% increase in Sales month over month.

As I mentioned above the inventory is shrinking(see chart)

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 EndreBarath@TheMLS.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.

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 Sea Lions sunbathing. So San Francisco eat your heart out we have our own Sea Lions:))

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 EndreBarath@TheMLS.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.

Although my report is late again, it is still interesting. The Century City Condominium Market Report for September 2009 is amazing.

The Active Listings went up by a small margin from the previous month. Currently we had 313 Active Condominium listings as of October 1^st 2009 vs. 309 from the month before.

The Condominiums that are in Escrow waiting to remove contingencies have increased as well from the previous month. The previous month there were 34 and in September there were 39 waiting to remove their contingencies. The properties that were pending in the previous month were at an all time high since the Economic Meltdown. There were 56 pending and as the large number of Pending Condominiums indicated the numbers were still high for September, it was amazingly 48 properties.

Here are some interesting comparisons between September 2008 and September 2009

Let me know if you have any observations or questions.

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 EndreBarath@TheMLS.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.

Playa Vista Market Report for September 2009 First I want to let all my readers know there are a few changes I made to the normal monthly market report. I was very intrigued how little the inventory was, so I did a comparison between September 2008 to September 2009 as well as the month to month in between. I found this quite fascinating and I wanted to share it with you

There were only 26 Active Listings. I was just totally amazed. Compared to September 2008 that is a huge change. Even if you compare it July as well as August you will see this is dramatic. I imdediately started to wonder what this will do to the next few months referrence sales?

At the same time I wanted to let everyone know there were 17 Properties that were in Escrow and the Buyers have not removed their investigation or loan contingencies. In addition to it there were 16 Pending, where the Buyers have removed their Investigation Contingencies.

This is truly an indication, that the loans are taking longer and longer, in light of the fact that compared to last months statistics in Escrow should have generated more sales. Instead there were only five(5) sold in the month of September. I am very much interested what October will have to offer with that many in Escrow.

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 EndreBarath@TheMLS.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.

I have been supporting the race for Rescues for the past few years. This is a great cause to help the various Local Pet Rescue Organizations. This is a great fundraiser for the Animal Rescue Organizations. Please help. Participate in anyway that you can. This is also a great fun time for young and old. See last year's event's photos http://activerain.com/blogsview/683286/help-homeless-animals-of-los-angeles-race-for-the-rescues

This event is FREE to the public unless you want to run in the 5K.

Race Registration Open -- 7:00 am - 8:30 am
Dog & Cat Adoption -- 7:00 am - 12:30 pm
SILENT AUCTION -- 7:00 am-11:30 am
LA Lakers Cheerleaders Appearance -- 8:30 am - 10:00 am
Sean Kanan & Albert Reed kick off race -- 8:30
5K Run/Walk -- 8:30 am - 10:00 am
Dancing With Dogs Demo -- 9:00 am - 9:30 am
1Mile Kids Fun Run -- 9:30 am - 10:00 am
Race Awards Ceremony -- 10:00 am
Adoption Celebration -- 10:00 am - 12:30 pm
Rockin' Adoption Show -- 10:00 am - 11:00 am

To run in the 5K, register here:
http://www.facebook.com/l/4b5f6;RaceForTheRescues.org
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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 EndreBarath@TheMLS.Com or visit one of my websites at http://www.endrebarath.com A pet friendly Realtor who contributes from every one of his commissions to Local Animal Rescue Organizations!