With only 2.8 months of inventory, Marina remains a seller's market. Home prices have increased 10.8% in the past month alone. With 2.8 months of supply, Marina's inventory levels remain relatively tight. Properties are selling within just 8 days on average, much faster than the historical norm of 35 days. A significant 40.9% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 37.5% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Marina market with the affordability index at 367.5. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
Marina, CA has a total population of 31,582 residents. White residents make up 36.1% of the population, Hispanic/Latino residents represent 18.0% of the population. with Asian residents representing 9.3%. This creates a relatively diverse demographic makeup for the area. As a smaller community, Marina, CA offers a close-knit residential environment.
Crime analysis for Marina, CA shows 212 total incidents across all categories. The most prevalent crime type is Assault (51.9% of all incidents). This is followed by Property Crime at 32.1%. The crime rate in Marina, CA is relatively low, with violent crimes being more common than property crimes. While crime exists, Marina, CA maintains reasonable safety levels for most residents.
Market predictions for Marina, CA show an upward trend in home prices, with values increasing by 9.0%. This indicates a moderate but notable price trend. The current median home price in Marina, CA is approximately $948,277.871. Based on current trends, home prices in Marina, CA are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
Marina, CA features 2 investment hotspots with varying levels of activity. The average nightly rate of $135 suggests an affordable market for travelers. The average rating of 4.0/5 indicates moderate guest satisfaction. With an average hotspot score of 0.75, these areas show good investment opportunities. With only 11 hotels, this represents an emerging market with potential for growth.
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