Venice Beach Living ... CJ & Jay Cole
 
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JANUARY 2015
       
 

THIS MONTH'S TAKAWAY ...

JANUARY HOME SALES ARE DOWN FROM DECEMBER; UP OVER LAST YEAR.

THE INVENTORY OF PROPERTIES FOR SALE HAS LEVELED.

THE AVERAGE AND MEDIAN SALES PRICE FOR THE COMBINATION OF ALL VENICE PROPERTY SALES IN JANUARY INCREASED ABOVE A YEAR AGO ... BUT FELL BELOW LAST MONTH'S FIGURES.


 
   
     
 
JANUARY 2015 VENICE PROPERTY SALES ...
 
       
   
All Venice Properties sold in January 2015
 
       
   
Sales are for all of Venice and do not necessarily represent sales of CJ & Jay Cole. Information is compiled from CoreLogic® and the MLS/CLAW. Sources are deemed reliable; however, no representation of any kind is made as to its accuracy.
 
       
 
SINGLE FAMILY SALES COMPARED WITH LAST MONTH AND A YEAR AGO ...
 
       
   
Comparison of January 2015 Venice home sales
 
       
   
JANUARY HOME SALES DOWN FROM PREVIOUS MONTH; UP OVER A YEAR AGO ... The total sales dollar volume and the number of single family home that sold in January decreased significantly (down 31% and 18% respectively) as compared to last month. The total volume increased 21% over January a year ago. January's average sales price was higher than January 2014 but lower than December 2014. The average dollars per square foot increased 33% year-over-year and 12% over last month.
 
       
 
VENICE SALES PRICE COMPARISONS FOR JANUARY 2015 ...
 
       
   
Venice Property Sales Grid
 
       
   

AVERAGE AND MEDIAN SALES PRICE FOR THE COMBINATION OF ALL VENICE PROPERTY SALES INCREASED ABOVE A YEAR AGO ... BUT FELL BELOW LAST MONTH'S FIGURES. Single family home sales continued to show significant increases year-over-year.

 
       
 
SALES STATS FOR THE PAST YEAR COMPARED BY MONTH ...
 
       
   
SALES STATS FOR THE PAST YEAR COMPARED BY MONTH
 
       
 
CURRENT INVENTORY (2/26/2054) AS COMPARED WITH THE PROPERTIES IN ESCROW AND THOSE SOLD IN JANUARY ...
 
       
   
2/26/15 inventory compared with properties sold in January 2015
 
       
   
Property inventory stats for 2/26/15
 
       
 
PAST YEAR LOOK AT INVENTORY OF PROPERTIES FOR SALE ...
 
       
   
Venice real estate inventory graphs for past year
 
       
   

SINGLE FAMILY HOME INVENTORY REACHES "NORMAL" ... As of February 26th, there were 33 single family homes actively listed in Venice; one less than last month. The number of multi-family listings increased by one to 30 while the condo number decreased by one to 6. There are 6 more homes in escrow this month than last. See the charts above for a graphic look at what has happened with inventory and days-on-market over the last year.

 
       
 
THE PAST 3 YEARS VENICE SALES BY QUARTER ...
 
       
   
Past three year Venice single family home stats by quarter
 
     
 
THE BIG PICTURE ... A LOOK AT THE PAST 11 YEARS VENICE SALES ...
 
       
   
VENICE HOME SALES FOR THE PAST 11 YEARS
 
     
 
A NOTE ON HOW I COMPILE MY STATS ...
 
       
   

WHY MY STATISTICS ARE MORE ACURATE than either those from the Multiple Listing Service or the Los Angeles County Tax Records (used for the Los Angeles Times reports) ... First of all, I must state, no sources are absolutely perfectly accurate (even mine) !!! However, by merging the data from both of the sources, the resulting data is much more accurate. The accuracy of any statistics is solely dependent upon the accuracy input data.

The MLS inaccuracies are, for the most part, a result of agent input errors ... wrong property type, inaccurate sale date, wrong MLS-defined area, missing square footage, and duplicate MLS entries. The County Records (obtained from CoreLogic®, a paid service) often do not report the sales price and, therefore, those sales are not included in their stats. Additionally, there are a number of properties that sell without a Realtor® which are discovered in CoreLogic®; but do not show in the MLS stats.

 
     
 

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