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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$2,774,500|
|Per Square Foot||$1,236|
|Days on Market||100|
|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.
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|