INVENTORY INCREASES OVER A MONTH AGO. There are 25 single family homes for sale on the MLS as of February 18th ... 2 more than last month. There are 9 more income properties and 4 more condos than a month ago. The number of homes in escrow increased by 9 to 20. The number of income properties in escrow remained the same at 10. The condo in-escrow number increased by 1 to 13.
The average list price for the active single family listings is $1,671,956 ... an decrease of 26% from last month and 33% higher than the average sales price in January. Of the 25 current single family listings, 10 (40%) are listed below January's average sale price of $1,259,409 and 15 (60%) are listed above that average sale price.
The average list price for the homes in escrow is $1,605,575 ... 27.5% higher than January's average sales price and 4% lower than the average list price of the active listings.
There is one active short pay condo currently on the market in Venice. There are two short pay homes currently in escrow. There are three short pay condos in escrow. Four short pay income properties are in escrow.