Marina Del Rey, CA 90292

Marina del Rey is an affluent unincorporated seaside community in Los Angeles County, California. Fisherman’s Village offers a view of Marina del Rey’s dominant feature, the Marina, the world’s largest man-made small craft harbor with 19 marinas with capacity for 5,300 boats and is home port to approximately 6,500 boats. The harbor, the Los Angeles Times said in 1997, is “perhaps the county’s most valuable resource”.

Marina del Rey falls within unincorporated Los Angeles County and is southeast of the L.A. City community of Venice and north of the L.A. City community of Playa del Rey, near the mouth of Ballona Creek. It is located four miles north of Los Angeles International Airport. The beach-style homes, the strip of land against the beach, west of the harbor, are within the City of Los Angeles limits, but share the same zip code as Marina del Rey. The name of this strip is the Marina Peninsula. Via Dolce and the southern portion of Via Marina are the boundaries between L.A. City and the unincorporated area.

The marina itself, a specially designed harbor with moorings for pleasure craft and small boats, is surrounded by high-rise condos, hotels, apartments, shops, and restaurants. The area also includes the University of Southern California Information Sciences Institute and the UCLA Marina Aquatic Center.

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🏡 March 2024 Luxury Real Estate Market Update & Trends for Marina Del Rey 🌟

🔻 Avg Sales Price: $1.72 million, 📉 down 7%

🔻 Avg List Price $2.78 million, 📉 down 3%

🔻 Properties Sold: 2, 📉 down 33%

🔻 Days on Market: 4 📆, 📉 down 91%

🔻 $/Sq FT: $993, 📉 down 6%

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!

Marina del Rey, renowned for its serene coastal vibe and luxury waterfront living, offers an exceptional lifestyle for those captivated by the ocean. With its world-class marina, upscale condos, and exquisite dining options right on the water, it’s a haven for yacht enthusiasts and those seeking a sophisticated, water-centric way of life. This March, the real estate landscape in Marina del Rey has shown some interesting shifts. The average sales price saw a decrease to $1.72 million, reflecting a 7% drop, signaling a slight cooling from the previous pricing trends. Conversely, the average list price was $2.78 million, dipping about 3%—still showcasing the area’s high-end market appeal. Notably, property sales decreased by 33%, with only two properties closing in March, highlighting a more selective market environment. Despite these changes, the properties that did hit the market moved quickly, with an average of just four days on the market—a staggering 91% decrease in market time. This rapid turnover rate underscores a highly competitive market where desirable properties are snapped up almost as soon as they are listed. Additionally, the price per square foot stands firm at $993, down just 6% from the last cycle, maintaining its value in this coveted locale. For those drawn to the allure of living by the marina, the current dynamics present both challenges and opportunities. The luxury real estate market in adjacent areas like Beverly Hills also reflects similar trends, where discerning buyers and sellers need to navigate carefully to capitalize on their investments. In Marina del Rey, whether you're contemplating buying a dream waterfront home or considering selling your property, understanding these trends is crucial. This neighborhood not only offers a unique lifestyle but also represents a robust investment in the heart of Southern California's luxury coastal real estate market. If Marina del Rey’s chic, marina lifestyle calls to you, now might be the perfect time to explore what this vibrant community has to offer. Connect with a local expert to discover how you can dive into this exclusive real estate opportunity.