July 10, 2025 #1 Local News, Forum, Information and Event Source for Venice Beach, California.

Venice Real Estate Market Monthly Data | May 2014

Jeffery Marino at Redfin contacted us about the idea of running monthly stats on the local housing market, and given that we are big fans of numbers and chart porn, we agreed. Here’s Jeffery’s wrap up for May 2014:

The latest real estate data is in from real estate brokerage Redfin, and it looks like Venice is still pretty darn hot compared with the greater L.A. area.

In May, the median sale price for all of L.A. was $475,000 – a 10.5% increase over last year. While this price appreciation is significant, it’s nowhere near the highs seen in mid-2013. L.A. as a whole also saw inventory increase by about 15% from last year.

In Venice the median sale price was $1,427,500, which is 21.5% higher than in May of last year! A significant portion – 43.8% – of Venice homes sold above their listing price and homes spent an average of just 13 days on the market in May.

This all likely has a lot to do with the fact that Venice is still suffering from low housing inventory. There were 17.6% fewer homes for sale in May compared with the same time last year.

So, while things are leveling out for the rest of So Cal, Venice remains a tough market for buyers. But hey, demand is always high to live in the coolest city in L.A.

You can check out Redfin’s full report here – but the Venice data is exclusive to Yo! Venice!

Screen shot 2014-06-30 at 8.14.57 PMCLICK the image to ENLARGE

 

Related Posts

Multi-Family Venice Property on Rare Double Lot Lists at Over $5M

July 7, 2025

July 7, 2025

In total, the four units provide 5,398 square feet of living space A multi-family property located one block from Venice...

Vacant Alphabet Streets Lot Lists for $1.99M After Price Cuts

July 7, 2025

July 7, 2025

The site previously held a 6,001-square-foot residence built in 2018, which included a basement, possibly streamlining the permitting process for...

Three-Bed Palisades Highlands Townhouse Hits Market for $1.7M

June 30, 2025

June 30, 2025

The Mediterranean-style property, located at 1529 Michael Lane, is part of a 71-unit community A remodeled 1,919-square-foot townhouse in the...

Six-Bed Mar Vista Hilltop Home Under Construction Lists for $5.3M

June 29, 2025

June 29, 2025

The private backyard is complete with a pool, spa, fire pit, built-in BBQ, and areas for outdoor dining A stunning...

Real Estate Trends Emerge in Palisades as Rebuild Begins

June 23, 2025

June 23, 2025

With an estimated 2,000 properties affected by the fires, these initial sales represent only a fraction of what’s expected In...

Renovated Riviera Estate Hits Market for $25M

June 16, 2025

June 16, 2025

Inside, floor-to-ceiling windows flood the home with natural light, with nearly every room opening to a private deck or patio...

Newly 15-Unit Mar Vista Complex Goes for Nearly $10M

June 15, 2025

June 15, 2025

Thirteen of the units are exempt from Los Angeles city rent control, allowing greater flexibility for future rent adjustments A...

ICE Detentions Confirmed in Culver City and Westchester Car Washes Amid Federal Raids

June 11, 2025

June 11, 2025

Families Say Loved Ones Taken Without Warning; Viral Video Shows Teen Screaming  While the focus has been on cities such...

Charlie Chaplin and Sam Francis’ Former Santa Monica Retreat Hits Market for $12.5M

June 9, 2025

June 9, 2025

The home’s entrance, framed by 500-year-old repurposed monastery gates, opens to lush landscaping designed by JohnstonVidal A luxurious Santa Monica...

Hundreds of Palisades Land Listings Hit Market, Outpacing Sales Post-Wildfire

June 9, 2025

June 9, 2025

The reopening of Pacific Coast Highway and ongoing repairs to Temescal Canyon Road are expected to ease access and support...

Marina del Rey Peninsula Home Sheds Nearly $1M Off Initial Asking Price

June 8, 2025

June 8, 2025

The tri-level property features 40 feet of direct beach frontage with panoramic views stretching from Malibu to Catalina Island A...

Historic Venice Building Envisioned by Abbot Kinney Hits Market for $2.29M

June 1, 2025

June 1, 2025

Kinney envisioned the building as part of an institutional foundation to rival Renaissance Italy, focusing on education and culture A...

Palisades Village to Reopen in 2026 with Revamped Retail, Dining, and Community Spaces

May 29, 2025

May 29, 2025

Elysewalker Set to Return With Park Reconstruction, Holiday Events, and Streetscape Upgrades Palisades Village, the open-air shopping and lifestyle destination...

Hollywood Man Charged in Deadly Attempted Robbery on 3rd Street Promenade

May 19, 2025

May 19, 2025

Santa Monica Police Say Planned After-Hours Sale Turned Violent Hollywood resident Karen Melikyan, 41, has been arrested and charged in...

Elon Musk’s Tesla Renews Santa Monica Lease for 82,000-Square-Foot Service Center

May 19, 2025

May 19, 2025

Tesla Keeps California Roots with Santa Monica Service Center Renewal Despite relocating its corporate headquarters to Texas, Tesla has reaffirmed...