Ellis Posner

Venice, CA 90291

Single-Family Homes

ellisposner.com



Venice, CA 90291

Sat Aug 17 2019
This week the median list price for Venice, CA 90291 is $2,825,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has held steady at or around 86. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Venice, CA 90291

Sat Aug 17 2019
This week the median list price for Venice, CA 90291 is $2,825,000 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has held steady at or around 86. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Venice market.
Median List Price $2,825,000
Per Square Foot $1,270
Days on Market 85
Price Decreased 50%
Price Increased 0%
Relisted 28%
Inventory 86
Median House Rent $7,500
Most Expensive $7,449,000
Least Expensive $979,000
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
$5,350,000 3,500 4,500 - 6,500 sqft 4 4 16 2 1 92
$3,379,000 2,901 0 - 4,500 sqft 4 3 29 2 1 72
$2,422,500 2,241 0 - 4,500 sqft 3 2 66 0 4 115
$1,721,500 1,232 0 - 4,500 sqft 2 0 74 2 3 61