Ellis Posner

Venice, CA 90291

Single-Family Homes

ellisposner.com



Venice, CA 90291

Wed May 27 2020
This week the median list price for Venice, CA 90291 is $2,774,500 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has held steady at or around 86. Click here to stay informed with the Venice market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Venice, CA 90291

Wed May 27 2020
This week the median list price for Venice, CA 90291 is $2,774,500 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has held steady at or around 86. Click here to stay informed with the Venice market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Venice market.
Median List Price $2,774,500
Per Square Foot $1,236
Days on Market 100
Price Decreased 34%
Price Increased 0%
Relisted 9%
Inventory 86
Median Rent $7,500
Most Expensive $9,400,000
Least Expensive $1,150,000
Market Action 33
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,598,000 3,488 0 - 4,500 sqft 4 4 30 1 0 110
$3,100,000 2,983 0 - 4,500 sqft 4 4 9 4 1 88
$2,446,000 1,996 0 - 4,500 sqft 3 3 66 1 0 111
$1,859,000 1,428 0 - 4,500 sqft 3 2 96 1 5 91