Ellis Posner

Venice, CA 90291

Single-Family Homes

ellisposner.com



Venice, CA 90291

Mon Jun 17 2019
This week the median list price for Venice, CA 90291 is $2,450,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 81. Click here to stay informed with the Venice market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Venice, CA 90291

Mon Jun 17 2019
This week the median list price for Venice, CA 90291 is $2,450,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 81. Click here to stay informed with the Venice market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Venice market.
Median List Price $2,450,000
Per Square Foot $1,243
Days on Market 75
Price Decreased 40%
Price Increased 1%
Relisted 25%
Inventory 81
Median House Rent $8,500
Most Expensive $7,849,888
Least Expensive $1,250,000
Market Action Index
Slight Seller's Advantage
32

Prices in this zip code seem to have settled around a 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
$4,322,000 3,293 0 - 4,500 sqft 4 3 5 4 4 76
$2,995,000 2,400 0 - 4,500 sqft 3 2 20 3 1 100
$2,222,000 2,144 0 - 4,500 sqft 3 2 71 1 1 51
$1,749,000 1,266 0 - 4,500 sqft 3 1 72 2 3 74