With 19,718 residents, Marina is a larger than average city in California. Also, with a 3.7% increase over the last 10 years, its population is growing about even with other parts of the state. Homes in Marina are relatively old with a median age of 34 years. Leading the list of best schools in the city are Ione Olson Elementary School and Los Arboles Middle School.
Comments:

$950K  
Sales in the Marina market remained level with 12 homes sold over the past 30 days. However, the number of sellers reducing their listing price is still in the midst of a downward trend with eight price reductions in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. Pricing in Marina remains consistent from last week to this week, with the median sales price at $532,750 again. In spite of flat sales, a low two months of inventory signals that Marina is a strong seller's market.
Comments:

$495K  
The Marina market seems to be softening, as the number of contracts executed fell to 15, the lowest levels since May. Meanwhile sales came in at 11 homes sold over the last 30 days. In comparison, Salinas had 91 contracts executed in the same time frame, the most of all nearby cities. Potential buyers should note that prices went up in Marina, with the median for this period rising from $512,500 to $538,500. There are only two months of inventory available in Marina, so it's still strong seller's market, even with the shrinking contracts numbers.
Comments:

$950K  
The Marina market took a break this week but was still better than normal as sales sank 28.6% to 15 homes sold over the last 30 days. Within the same time frame, Salinas had 52 sales, the most of all cities in the area. The median sales price climbed to $512,500 over the latest reporting period for Marina, up from $500,000. There is only one month of inventory available in Marina, so it's a definite seller's market, even with the decrease in sales.
Comments:

$950K  
The Marina market pulled back this week but was still better than normal as sales dropped 4.5% to 21 homes sold over the last 30 days. Within the same time frame, Salinas had 59 sales, the most of all cities in the area. Months of inventory is on a four-week downward trend, this week hitting one months. Despite the slip in sales from last week to this week, the low inventory indicates that Marina is still a strong seller's market.
Comments:

$950K  
Over the last 30 days, the sale of 22 homes took place in the Marina market. This shows a 18.5% reduction from the prior period but the area remains on a confirmed upward trend. The median sales price dropped to $485,000 over the latest reporting period for Marina, down from $500,000. There is only one month of inventory available in Marina, so it's a definite seller's market, even with the decrease in sales.
Comments:

Marina is a somewhat affluent city in California with a median income of $50,842 per household. The population is also considered much older than most with a median age of 34 years. Marina is an area where most people lease the homes they live in, with a renting ratio of 53.9%. Leading the list of top schools in the city are Ione Olson Elementary School and Los Arboles Middle School.
Comments:

$530K  
The Marina market was active this week and remained above its average as sales rose 13.6% to reach 25 homes sold over the last 30 days. Within the same time frame, Salinas had 65 sales, the most of all cities in the area. Prices are rising in Marina, and the median sales price this period increased from $505,000 to $512,500. With just one month of inventory available and sales going up, Marina is a strong seller's market.
Comments:

$453K  
The Marina market looked very active in this week's report, as the number of home sales spiked 69.2%, pushing the total to 22 homes sold over the last 30 days. Within the same time frame, Salinas had 63 sales, the most of all cities in the area. The median sales price dropped to $505,000 over the latest reporting period for Marina, down from $520,000. With just one month of inventory available and sales going up, Marina is a definite seller's market.
Comments:

$485K  
The number of home sales in the Marina market climbed 8.3% to 13 homes over the last 30 days. Within the same time frame, Salinas had 53 sales, the most of all cities in the area. The median sales price dropped to $520,000, down from last week's $532,500. The rising sales and a low two months of inventory point to Marina being a definite seller's market.
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