Venice, CA 90291 Market Trends Report: February 2018...

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708
https://activerain.com/droplet/5bgv

Venice, CA  90291 has always had a Bohemian spirit and feel to it...when we relocated to Los Angeles, CA., Diane did not like the "feel" too many tourists, muscle beach weird people and the list goes on and on. Venice, CA was one of the most under priced beach towns, because of all those points Diane did not care for.

www.endrebarath.com

Clearly I loved the idea of investing into a community that I saw would have an upside to it. Now with that said over the past seven years Venice, CA has become the last frontier for the entertainment industry and yes you guessed it the prices and the demand have skyrocketed.

Today thanks to all the Internet Startup Companies and the demand it is now part of the coveted "Sylicon Beach" which simply translates to that the Bohemian Spirit is being pushed out as well as Gentrification is taking place at lightening speed.

So with that said let's just look at the last three years and watch for the trends:

As you can see the prices are heading UP and just to compare to Marina Del Rey, CA  and Santa Monica, CA the price points are still more reasonable hence the only place they will go is up if the current trend continues!

Now that the prices have increased you would think the market would change. As you can see it is still a fast market. Hard to fathom under 30 days for sales in these price points. Clearly you understand it is the Internet Money that has pushed the price points so high. Most of the Internet Money has a Bohemian Spirit, hence the desirability factor remains high.

As you can see when the prices are high there is an easy checks and ballances, to see if the numbers are not skewed! Check out the  Price Per Square Foot  and that will confirm the answer.

Now with that said if you are looking for a Realtor who understands your needs, please reach out to me directly for a confidential consultation.

If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com.  I contribute a portion of my commission to local animal rescue organizations.

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Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Mar 12, 2018 02:59 AM #1
Rainmaker
644,939
DeeDee Riley
Lyon Real Estate - El Dorado Hills CA - El Dorado Hills, CA
Realtor - El Dorado Hills & the Surrounding Areas

Big difference between your market and ours Endre!  Wow.  Your square foot price of $1,315 compared to ours of $237 is crazy!  Even our luxury market ($1Mil and above) is selling for an average $270 per sq ft. and that gets you a house 4,500 sq ft or more. Great market update for Venice!

Mar 12, 2018 09:49 AM #2
Rainmaker
3,186,198
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Gita Bantwal  thank you for your support, Endre

Mar 12, 2018 11:01 AM #3
Rainmaker
3,186,198
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

DeeDee Riley  in my blue collar neighborhood $500 per sq ft is the least expensive most are between $600 -$800 a sq ft...Endre

Mar 12, 2018 11:02 AM #4
Rainmaker
3,269,242
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Endre -  Venice, Ca certainly has a certain appeal for some people.  It makes a lot of sense it continues to be a popular destination. I don't see Diane living there. 

Mar 13, 2018 08:14 AM #5
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Rainmaker
3,186,198

Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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