🏡 June 2024 Luxury Real Estate Market Update & Trends for Venice 🌟
🏡 June 2024 Luxury Real Estate Market Update & Trends for Venice 🌟
🔻 Avg Sales Price: $2.38 million, 📉 down 11%
🔻 Avg List Price $3.19 million, 📉 down 6%
🔻 Properties Sold: 11,📉 down 20%
🔻 Days on Market: 42 📆, 📉 down 11%
🔼 $/Sq FT: $1,398, 📈 UP 6%
Unlock the hidden wealth in your Venice property! 🗝️💼 Curious about your home equity 💰? Thinking of buying in Venice? 🏠🌴 Let's chat! Send a DM or call us at 📱 310-777-6342 for expert insights!
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Venice, renowned for its eclectic spirit, beachfront lifestyle, and bohemian chic residences, continues to attract a diverse array of artists, professionals, and tech-savvy individuals from Silicon Beach. This vibrant and unique area of Los Angeles is always buzzing with energy, making it a highly desirable place to live.
Here's the latest on the Venice real estate market for June 2024:
- Average Sales Price: The average sales price in Venice is currently about $2.38 million, which is down approximately 11% from the previous months. Despite this dip, Venice remains a prime location for luxury living.
- Average List Price: The average list price sits at about $3.19 million, showing a decrease of around 6%. This could present a great opportunity for buyers looking to invest in this iconic neighborhood.
- Properties Sold: There were 11 properties sold in June, a 20% decrease from the previous 90 days. This might indicate a more competitive market for sellers, but also a chance for buyers to find their perfect Venice home.
- Days on Market: Properties in Venice are averaging 42 days on the market, which is down by 11%. This shorter market time suggests that well-priced homes are still in high demand and moving quickly.
- Price per Square Foot: The price per square foot has risen to $1,398, up 6% from the previous period. This increase highlights the continued value and appeal of Venice real estate, even amidst shifting market dynamics.
Venice offers a unique blend of beachside charm and modern conveniences, making it a top choice for those seeking a dynamic lifestyle. Whether you're drawn to its artistic vibe or its proximity to tech hubs, Venice has something for everyone.
Why Venice is a Great Place to Buy Right Now
With the current market trends, now might be the perfect time to consider buying in Venice. The slight decrease in average sales and list prices provides a window of opportunity for potential buyers to secure their dream home in this coveted area. Plus, the rising price per square foot underscores the long-term value of investing in Venice real estate.
Your Next Steps
If you're curious about your home equity or thinking of buying in Venice, let's chat! Our team is ready to provide expert insights and help you navigate the Venice real estate market. Don't miss out on unlocking the hidden wealth in your Venice property. Contact us today at 📱 310-777-6342 for personalized advice and assistance.