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🏡 May 2024 Luxury Real Estate Market Update & Trends for Venice, California 🌟

🏡 May 2024 Luxury Real Estate Market Update & Trends for Venice, California 🌟

By Christophe Choo Posted Jun 18, 2024 Latest Updates, Market Activity, Real Estate Advice for Buyers & Sellers, Videos

🏡 May 2024 Luxury Real Estate Market Update & Trends for Venice 🌟

🔻 Avg Sales Price: $2.31 million, 📉 down 10%

🔻 Avg List Price $3.29 million, 📉 down 6%

🔼 Properties Sold: 15, 📈 UP 32%

🔻 Days on Market: 22 📆, 📉 down 56%

⚪️ $/Sq FT: $1,354, no change 0%

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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Welcome to our latest update on the Venice Beach real estate market for May 2024! Venice Beach, part of the vibrant Silicon Beach area of Los Angeles, is renowned for its eclectic spirit, beachfront lifestyle, and bohemian chic residences. This diverse neighborhood attracts artists, professionals, and tech companies alike, making it a unique and dynamic place to live. Let's dive into the latest market trends and data for Venice Beach.

Average Home Prices

The average home price in Venice Beach currently stands at $2.31 million. This represents a 10% decrease from the previous 90-day cycle. Despite this dip, Venice Beach continues to be one of the most desirable areas in Los Angeles, offering a unique blend of coastal living and urban convenience.

Listing Prices

The average list price in Venice has also seen a decline, dropping 6% to $3.29 million. This adjustment in list prices reflects a more competitive market, potentially offering great opportunities for savvy buyers looking to invest in this trendy neighborhood.

Properties Sold

May 2024 was a busy month for real estate in Venice, with 15 properties sold. This is a significant 32% increase from the previous 90-day cycle. The uptick in sales indicates a strong demand for homes in this area, as buyers are eager to secure their piece of the Venice lifestyle.

Days on Market

One of the most striking trends this month is the reduction in the average days on market. Properties in Venice are now selling in just 22 days, down 56% from the previous period. This rapid turnover suggests that buyers are acting quickly, likely motivated by the competitive pricing and the onset of summer.

Price Per Square Foot

The price per square foot in Venice Beach remains high compared to other parts of Los Angeles, holding steady at $1,354. This figure highlights the premium nature of real estate in this area, driven by its desirable location and unique cultural appeal.

Why Venice Beach?

Venice Beach offers an unparalleled lifestyle, combining the charm of its iconic boardwalk with modern conveniences. Residents enjoy roller skating, bicycling, and soaking in the cool, eclectic vibe that defines this beachfront community. For those seeking a blend of creativity and tech-driven energy, Venice Beach is the place to be.


The Venice Beach real estate market in May 2024 shows a dynamic mix of pricing adjustments, increased sales, and quick market turnover. Whether you're looking to buy or sell, understanding these trends can help you make informed decisions. If you're dreaming of a beach lifestyle with all the amenities of urban living, Venice Beach might just be your perfect match.

For more insights into the Beverly Hills real estate market, home prices, market updates, and properties sold, stay tuned to our blog. If you're ready to explore your options in Venice Beach or Beverly Hills, feel free to contact us today!


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