The prices in real estate in Marina Del Rey, in the California region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Marina Del Rey has fallen in the last 6 months. In June, the average price per sq.feet was $1,003. In July this price pretty much remained the same at a value of $981 per sq.feet. The price for the following two months in (August, September) decreased 88 % with regard to the prior two months. The price per sq.feet has decreased 88 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $930.5 to $822.5 during October, and November.
Based upon to the price in Marina Del Rey (cities), this has fallen considerably in the last 6 months. The average price for June is $2,576,571. During July the price had a considerable reduction till $2,029,866. During the following two months (August, September) the average price had a considerable reduction of 72 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $1,975,261.75 to $1,488,805.5, which means a 75 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,510,111 they are 47 % more affordable than the average price for Marina Del Rey. The properties with the highest average price have 4 bedrooms, Their price is 126 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,655,426.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $790 / sq.feet, with an average $827 / sq.feet price in Marina Del Rey. The properties with the highest average prices have 4 bedrooms. They are 18 % more expensive than the average followed by properties with 2 bedrooms with a price at $858 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $1,510,111 it is 29 % cheaper than the average price in Marina Del Rey. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $1,281,333 it is 94 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $712 / sq.feet followed by "Land" priced at $714 / sq.feet. "House" is the most costly type of property with a $991 / sq.feet cost followed by "Condo" with an average price of $852 / sq.feet.