🏡 June 2024 Luxury Real Estate Market Update & Trends for Marina Del Rey 🌟
🏡 June 2024 Luxury Real Estate Market Update & Trends for Marina Del Rey 🌟
🔼 Avg Sales Price: $2.73 million, 📈 UP 28%
🔻 Avg List Price $2.66 million, 📉 down 6%
⚪️Properties Sold: 7, no change 0%
🔼 Days on Market: 41 📆, 📈 UP 43%
🔼 $/Sq FT: $1,150, 📈 UP 21%
Unlock the hidden wealth in your Marina Del Rey property! 🗝️💼 Curious about your home equity 💰? Thinking of buying in Marina Del Rey? 🏠🌴 Let's chat! Send a DM or call us at 📱 310-777-6342 for expert insights!
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Welcome to the enchanting coastal community of Marina del Rey, a paradise for boating enthusiasts and lovers of the relaxed, seaside lifestyle. This vibrant area, known for its marina, high-rise condos, and waterfront dining, offers a unique blend of luxury and tranquility. If you own a boat or yacht, Marina del Rey is the perfect place to call home, with its stunning oceanfront properties and easy access to the water.
So, what’s happening in the Marina del Rey real estate market as of June 2024? Here’s an exciting and fun breakdown of the latest trends and data, enriched with insights about the greater Los Angeles and Beverly Hills real estate scene:
1. Rising Average Sales Price: The average sales price in Marina del Rey has surged to an impressive $2.73 million, marking a 28% increase. This rise indicates a strong demand for luxury coastal living in this beautiful community.
2. Slight Dip in Average List Price: While the sales prices are climbing, the average list price has seen a slight decline of 6%, settling at $2.66 million. This slight dip might suggest a more competitive market, offering potential buyers some intriguing opportunities.
3. Steady Property Sales: The number of properties sold in June remains stable at seven, showing no change compared to the previous 90 days. This stability is a good sign of a balanced market, where supply and demand are in harmony.
4. Increase in Days on Market: One noticeable trend is the increase in the average days on market, which has risen by 43% to 41 days. This could indicate that buyers are taking a bit more time to make their decisions, perhaps due to the competitive pricing.
5. Boost in Price per Square Foot: The price per square foot in Marina del Rey has seen a significant boost, now at $1,150, up 21% from the previous months. This rise reflects the increasing value and desirability of properties in this coastal haven.
Living in Marina del Rey: Marina del Rey offers a unique lifestyle that blends luxury with relaxation. Whether you're dining at a waterfront restaurant, enjoying the scenic marina views, or setting sail on your yacht, this area has something special for everyone. The market trends show a thriving community with a robust real estate market, making it an ideal time to consider buying or selling a property here.
Comparing with Beverly Hills and Greater Los Angeles: When we look at the broader real estate market in Los Angeles, including prestigious areas like Beverly Hills, we see similar trends of rising home prices and competitive markets. Beverly Hills, renowned for its opulent estates and celebrity homes, continues to attract high-net-worth individuals seeking luxury and exclusivity. The overall market dynamics in LA show a healthy demand for upscale properties, supported by the city's appeal as a global lifestyle destination.
Final Thoughts: If you're curious about your home equity or thinking of buying in Marina del Rey, now is a great time to explore the market. The combination of rising home values and a desirable coastal lifestyle makes this area a hotspot for luxury real estate. Let’s connect to discuss your real estate goals and unlock the hidden wealth in your Marina del Rey property!
For more information and personalized insights, feel free to send a DM or call us at 📱 310-777-6342. Let’s make your real estate dreams a reality in this beautiful coastal community!