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http://www.venicebeachliving.com
VENICE REAL ESTATE MARKET UPDATE 6-YEAR VENICE HOME SALES ANALYSIS SHOWS MARKET IS TRENDING UPWARD ... 2010 year-to-date single family home sales statistics are showing an definite upturn in all the comparison data that I maintain. I compared the annual figures for each and every one shows an increase in this year-to-date figures as compared with the previous years. Below are four graphs that distinctly show the trend.
APRIL SALES STATS DIP VS PREVIOUS MONTH ... Eleven Venice single family homes closed escrow in April ... down 45% over the preceding month; however, up 57% over the number sold in April 2009. The April average sale price decreased about 7% as compared to March's figure. The price per square foot decreased by 9.7%. All of the April figures were above April a year ago except the average selling price. According to the Multiple Listing Service, over the past 4 weeks, the number of active single family listings (as of May 25th) increased by 4 to 80; and the number of homes in escrow increased to 41 (7 more than a month ago). There was a significant decrease in the days on market for active listings and a slight decrease for pending listings. DOM for active listings decreased 23.2% to an average of 63 days; DOM for listings in escrow increased 4.9% to an average of 64 days. The average list price for the active listings decreased slightly from last month to $1,584,114. Of the 80 current listings, 23 (28.8%) are listed below April's average sale price of $1,028,773 and 57 (71.2%) are listed above that average sale price. The average list price for the homes in escrow is $1,028,902 ... the same as April's average sales price and 35% lower than the average list price of the active listings. See below for a list of all of the properties sold in Venice during April 2010. APRIL VENICE SALES ...
Sales are for all of Venice and do not necessarily represent sales of CJ & Jay Cole. Information is compiled from DataQuick and the MLS/CLAW. Sources are deemed reliable; however, no representation of any kind is made as to its accuracy. HOW DOES THIS COMPARE ???
For a look of all of the Venice property sales by month since 1999, visit my web site at http://venicebeachliving.com/sa/index.html. NEW LEASE LISTING ...
424 CARROLL CANAL . VENICE CANALS ENJOY THE AMBIANCE OF THE VENICE CANALS !!! Fabulous 2 bedroom 1 bath Canal-front home for lease. This cozy lower-unit abode was rebuilt just four years ago and is packed with state-of-the-art amenities ... hardwood floors throughout, recessed lighting, cable, satellite, built-in speakers. The cozy living/dining areas face a wall of windows and French doors that open out to a great waterfront deck and yard ... perfect for a bar-be-que with friends or an intimate dinner. The open kitchen is equipped with stainless range, refrigerator and dishwasher plus a built-in microwave and ample cabinets. A dreamy spa bath is very spacious and has a separate shower, therapy tub, pristine white cabinetry and tile. Each bedroom has great closet space ... the master is very nice sized. Parking is a single garage plus one outside space and one shared guest space. Minimum one-year lease. Pets are OK !!! Unit: Approximately 900 s/f ... Lot Size: 2850 s/f EXCLUSIVELY OFFERED FOR LEASE AT ... $3,500 /month Download the Brochure To arrange a showing or for more information contact CJ at 310.823.3129. VERY SPECIAL !!! NEW LISTING ...
702 CALIFORNIA AVENUE . VENICE PROVENCE IN VENICE ... Private, walled villa reminiscent of the South of France! Just steps to the action of Abbot Kinney and a few blocks to the beach! Dramatic, open architecture with skylights, 10' ceilings, French doors + hardwood floors throughout! Centered on a lush courtyard and surrounded by greenery! 3 bedrooms, 2 baths in the 2100 s/f main house + 500 s/f artist’s studio/guest quarters with 3/4 bath! Perfect for an artist, writer or musician! Published, sophisticated and impressive! Through the custom wood gates ... the serenity of a different world !!! Home: Approx 2100 s/f ... Studio: Approx 500 s/f ... Year Built:1993 ... Lot Size: 5400 s/ EXCLUSIVELY OFFERED FOR SALE AT ... $1,975,000 Download the Brochure To arrange a showing or for more information contact CJ at 310.823.3129. FABULOUS BUY !!! NOW FURNISHED !!!
2213 GRAND CANAL . VENICE CANALS EXCEPTIONAL WATERFRONT HOME !!! On the hip Venice Canals, this stunning architectural home features a huge loft-like great room with 10' ceilings, gleaming wood floors & walls of glass + a stainless, wood & granite gourmet kitchen on the ground level. A master suite w/luxurious spa bath, 2 guest bedrooms, guest bath & office nook comprise the second level. An open penthouse studio/media room, full bath & 2 roof terraces make up the 3rd level. This is very cool Venice beach location...only steps to the sand & great restaurants. Home: Approximately 3265 s/f ... Year Built: 2001 ... Lot Size: 2700 s/f EXCLUSIVELY OFFERED FOR SALE AT ... $2,375,000 Download the Brochure To arrange a showing or for more information contact CJ at 310.823.3129. FAST FACTS California median home price - March 2010: $301,790 (Source: CAR) California highest median home price by CAR region March 2010: Santa Barbara So. Coast $890,000 (Source: CAR) California lowest median home price by CAR region March 2010: High Desert $$122,970 (Source: CAR) California First-time Buyer Affordability Index - First quarter 2010: 66 percentt (Source: CAR) Conforming mortgage rates - week ending
5/21/10 Please keep us in mind when you have family, friends or associates who are Thanks ... CJ & Jay
CJ COLE, BROKER Phone: 310.823.3129 . 310.773.6945 |
