The Venice, CA , 90291 & 90294: Real Estate Market Trends Report...

By
Real Estate Agent with Berkshire Hathaway HomeServices 01238708
https://activerain.com/droplet/5bx5

The Venice, CA , 90291 & 90294: Real Estate Market Trends Report... Yesterday I wrote about the Marina Del Rey, CA Market Trends Report. I would be remiss if I did not write about the neighboring Venice, CA Real Estate Market Trends Report.

Keep in mind both are becoming very convoluted...there was a time when Venice, CA was very bohemian and as the demand for ocean view properties gets more demanding and the Silicon Beach buyers are pushing out or should I say gentrifying the bohemian Venice residents the prices are climbing as well as demand. Now with that said let's look at what is going on in Venice, CA.

As you can see inventory is not increasing rather it is continuing to shrink. This of course is a clear indication of a Seller's Market.

Not surprised when inventory is thight as some people call it "Thinventory" that sales would shrink as well. The two are totally connected.

As you can immagine tight inventory fewer sales translates to a Seller's Market. So with that said if you look at the days on market you will concur that it is a sellers market.

If you are considering selling your home or income property please reach out to me directly for a most beneficial market strategy.

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.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California Los Angeles County Venice
Groups:
INTERNATIONAL REAL ESTATE - Become a global agent rather than a local agent
Local Expert
Market Reports
Hyper-Local
HyperLocal Neighborhood and Community Posts
Tags:
venice real estate
endre barath
endre barath berkshire hathaway beverly hills realtor
venice market trends report

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,205,193
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Endre. Whatever term you use for lack of inventory, agent knowledge is essential. I know an agent by the name of Endre who can help! Enjoy your day!

Mar 28, 2018 04:18 AM #1
Rainer
389,343
Anna Hatridge
Goodson Realty - Farmington, MO
Missouri Realtor with Goodson Realty

Wow your market is truly a sellers market.  Your report has inspired me to double check our numbers; fully knowing that our inventory is lower than it has been for a several years.

Mar 28, 2018 07:37 AM #2
Ambassador
1,651,372
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Endre,

Good to be here.  This low inventory situation is frustrating for buyers since multiple offers become the norm.

Wishing you a successful 2018.

 

Mar 28, 2018 09:54 PM #3
Rainmaker
4,796,627
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Endre.  Thanks for the information and update about the Venice, CA real estate market.

 

Mar 29, 2018 05:34 AM #4
Rainmaker
1,006,061
Gloria Todor
Century 21 Absolute Realty - Springfield, PA
& Doug Durren (484) 431-3686 in SE PA

Endre, "Thinventory" an interesting new term for me.  I remember Venice Beach, yes Bohemian in my memory from years ago.  Hope the flavor of it does not change too much.

Mar 31, 2018 06:43 PM #5
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 

Apr 01, 2018 11:08 AM #6
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
3,186,896

Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
Ask me a question
*
*
*
*
Spam prevention