See below for a list of all of the properties sold in Venice during March 2012 and the charts showing the comparisons.
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.
STATS SHOW SOME DECREASES OVER LAST MONTH AND LAST YEAR … Eight Venice single family homes sold in March, the same number as last month but 50% below the number sold in March last year. Home prices averaged $956,988, down 23.7% from February and up slightly above a year ago. Price per square foot was down.
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As of April 19th there are 51 single family homes actively listed for sale on the Multiple Listing Service … one less than last month. The number of homes in escrow increased by 8 to 34. The average days on market (DOM) for active listings dipped by one to 71 and the average DOM for listings in escrow decreased by 9 days to an average of 72 days. The average list price for the active listings is $1,716,630 … an increase of 10% from last month and 79% higher than the average sales price in March. Of the 51 current listings, 12 (23.5%) are listed below March’s average sale price of $956,988 and 39 (76.5%) are listed above that average sale price. The average list price for the homes in escrow is $1,168,868 … 22% lower than March’s average sales price and 32% lower than the average list price of the active listings. Of the 51 active single family homes there is one short pay. This remained the same as a month ago. Seven short pay homes are currently in escrow There is one active bank-owned condo and 2 short pay condos in escrow. Two short pay Income properties are actively listed; 3 short pay and 4 bank-owned are in escrow. |
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