October 29, 2020 #1 Local News, Forum, Information and Event Source for Venice Beach, California.

Venice Prices Continue Upwards

by Kate Sutton

The second quarter of the year is generally L.A.’s “hottest” selling season, with more inventory listed for spring and families settling into new school districts. That trend was certainly apparent in the single family home market in Venice during Q2-2017, the average sales price increased by 11.3% compared to the same period last year. Venice homes are also getting snapped up quicker and spending less time on the market.

The condo market in Venice was also strong during Q2, with average sales price increasing 8.1% to $1.5M. Condo’s are also being sold quicker in Venice than this time last year with a 34.7% decrease in days on the market.

The average sales price for single family homes in Venice has increased by 11.3%
The average sales price for single family homes in Venice has increased by 11.3%. Courtesy: Thinkstock.

Thanks to our resident stats guy and all round legend Morgan Ball at Compass we are able to see how the market in Venice has fluctuated from this time in 2016 to now.

I hope the accompanying graphs and statistics can be an advantage for you when deciding to buy or sell in one of the worlds most famous and loved beaches.

Kate Sutton is a local real estate agent with Compass. If you are thinking of buying or selling, contact Kate. [email protected] or 310.500.7793 

Related Posts

LA County Considering Allowing Restaurants to Implement COVID-19 Surcharge

October 28, 2020

October 28, 2020

Plan would allow restaurants, breweries and wineries to add COVID-19 surcharge By Kerry Slater Los Angeles County is considering allowing...

Edify TV: Halloween Amid COVID-19

October 27, 2020

October 27, 2020

With LA County health officials prohibiting many Halloween activities and discouraging trick or treating, costume stores like Ursula’s Costumes in...

Local Spa Owner Admits Price Gouging in Sale of Scarce N95 Masks

October 27, 2020

October 27, 2020

Niki Schwarz, owner of Tikkun Holistic Spa, pleads guilty to federal charges A local day spa owner was charged this...

Reese-Davidson Project Hearing Postponed: YO! Venice Show – October, 26, 2020

October 26, 2020

October 26, 2020

Local news and culture in under 5 minutes. * Reese-Davidson Project Hearing Postponed * Early Voter Turnout Close To 50,000...

Two Developments with 100+ Units Underway Near Venice High School

October 25, 2020

October 25, 2020

Duo of multifamily apartments on Venice Boulevard beginning to rise By Kerry Slater Over a year after breaking ground, a...

Edify TV: Development Replacing Local Car Wash

October 25, 2020

October 25, 2020

A Sawtelle lot that once held a car wash will soon be the site of a multi-family housing development. Learn...

MedMen Founder Chris Ganan Sells Brentwood Home for $9.9M

October 23, 2020

October 23, 2020

Today on Westside Cribz, 5 questions to ask before you refinance, MedMen founder Chris Ganan sells Brentwood home, and local...

‘Recall Newsom’ Head Hanging From Venice Ballerina Clown

October 21, 2020

October 21, 2020

Cardboard cutout of Gov. Newsom’s head hanging from iconic Venice art installation By Sam Catanzaro A cardboard cutout painting of...

L.A. County COVID-19 Cases Partly Driven Teenagers

October 20, 2020

October 20, 2020

68 percent of new cases among people between ages of 12 and 50 By Sam Catanzaro Los Angeles County health...

Free Flu Shots at Palms Middle School for Students and Family

October 20, 2020

October 20, 2020

Los Angeles Unified and Health Net offering free vaccinations for seasonal flu to students and families By Chad Winthrop Los...

Mark Twain Middle School Community Raising Money to Restore Mural

October 19, 2020

October 19, 2020

Colorful mosaic mural in front of school in need of repair By Sam Catanzaro Mark Twain Middle School community members...

Intravenous Vitamin Therapy: A Natural, Effective Solution for the Flu

October 19, 2020

October 19, 2020

By Dr. Mahboubeh Hashemi, ND and Dr. Matthew Cavaiola, ND  As fall and winter are fast approaching, many people, and...

Three-Story Apartment Building Planned Near Venice Canals

October 18, 2020

October 18, 2020

1940s triplex could be replaced by co-living facility By Toi Creel Plans are in the works to demolish a 1940s...

Edify TV: Deal to House Homeless People Near Freeways

October 18, 2020

October 18, 2020

After months of negotiations, the City and County of LA reached a $300 million deal to house thousands of homeless...