Thursday, January 1, 2009

Marina del Rey Meltdowns

13650 Marina Pointe Dr. #1607, 90292
2+2, 1795 sqft, Sold for $835K on 11/13/08, $465/sqft

13650 Marina Pointe Dr. #1107, 90292
2+2, 1795 sqft, Sold for $1,015K on 6/4/08, $565/ sqft


Same size unit, 5 floors higher, dropped $180K (-17.7%) in less than 6 months.
Annual Rate of Decline (ARD) = (-38.0%)

2 comments:

latesummer2009 said...

According to Melissa Data, during the month of December, measured Year Over Year (YOY):

90292

(-83.5%) drop in Total Sales Volume
(+55.5%) increase in Average Sales Price ($1,025K)

latesummer2009 said...

Latest from Melissa Data for January, 2009 (YOY)


Total Sales Volune $4,228,000 (-78.1%)
Average Sales Price $604,000 (-21.8%)


Market Leader #2 to the downside...