Venice CA Real Estate | Market Reality

By
Real Estate Agent with eXp Realty California

Venice California Real Estate Market Reality

It is a true Buyer's Market in Venice California real estate market for single family homes. Very few closed sales last month compared to active listings on the market.

Here is my latest analysis of Venice CA real estate:

Single Family Homes in Venice

August 2010 sales total: 10

Current Pending Sales: 28

Active Listings: 93

Distressed Single Family Property Watch in Venice, CA:

There are 2 single family home Bank-Owned/REOs for sale in Venice

There are 9 single family Short Sales for sale in Venice

This represents that 12% of the Venice single family home real estate market is distressed properties for sale.

Active Single Family Homes for Sale in Venice by price range (click on the link to find Venice Homes for sale by price range):

Under $1,000,000: 38

$1,000,000 - $1,500,000: 22

$1,500,000 - $3,000,000: 24

$3,000,000 + : 9

Single Family real estate sales (August 2010) in Venice CA by price range:

Under $1,000,000: 5

$1,000,000 - $1,500,000: 4

$1,500,000 - $3,000,000: 1

$3,000,000 +: 0

Burn rate varies greatly by price range, anywhere from 6 to 24 months!

Condominiums in Venice, CA

July 2010 sales total: 6

Current Pending Sales: 13

Active Listings: 31

Distressed Condominium Property Watch in Venice, CA:

There is 1 Condominium Bank-Owned/REO for sale in Venice, CA

There are 2 Condominium Short Sales for sale in Venice, CA

This represents that 10% of the Venice condominium real estate market is distressed properties for sale.

Active Condominiums for Sale in Venice by price range (click on the link to find Brenwood Condos for sale by price range):

Under $500,000: 3

$500,000-$750,000: 3

$750,000-$1,000,000: 9

$1,000,000 + : 16

Condominium real estate sales (August 2010) in Venice CA by price range:

Under $500,000: 1

$500,000-$750,000: 0

$750,000-$1,000,000: 3

$1,000,000 +: 2

Burn rate is approximately 3-8 months, and varies by price range.

If you are interested in a detailed analysis of any other Westside Los Angeles real estate market besides the Brentwood real estate market, don't hesitate to call me at: 310-487-0099 begin_of_the_skype_highlighting              310-487-0099      end_of_the_skype_highlighting.

Curious about how this compares to the National Real Estate Market? Check out this great video.

 

Posted by

    

Dana Ehrlich

Luxury, Investor & Pre-Foreclosure Specialist

eXp Realty, California
DRE License #01402859

2701 Ocean Park Blvd., Ste 140 Santa Monica, California 90405

(310) 487-0099

dana@danaehrlich.com

www.bestsideofthewestside.com

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