The Market Pulse — Our 2nd Quarter 2019 Breakdown for the Westside

Each quarter we bring our readers neighborhood data about recent notable sales, changes in the average home prices, a break down of what types of properties sold, what was on the market, and more. As local experts who live and work in these neighborhoods, we love to keep you informed. Feel free to reach out for a complimentary custom home valuation.

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VENICE  –  SANTA MONICA  –  MAR VISTA

CULVER CITY  –  MARINA DEL REY

The second quarter of 2019 saw the average Venice single-family home price fall 7.4% while the price of condominiums fell 4.3% as compared to Q2 of last year.

Single Family Homes

Single Family Homes compared to Quarter two of 2018 in Venice: Properties for sale up 13.8%, Number of homes sold down 30.2%, Average days on market up 18.4%, sold vs list price down 1.8%. Average sold price is down 7.4% and average price per square foot is down 5.6%.

Condominiums

Compared to Quarter two of 2018 in Venice: Condos for sale up 26.7%, Number of condos sold up 42.9%, Average days on market down 25.4%, sold vs list price down 4.4%. Average sold price is down 4.3% and average price per square foot is down 0.3%.

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The second quarter of 2019 saw the average Santa Monica single-family home price rise 1.2% while the price of condominiums rose 10.0% as compared to Q2 of last year.

Single Family Homes

Compared to Quarter two of 2018 in Santa Monica: Properties for sale up 33.8%, Number of homes sold down 23.9%, Average days on market up 14.3%, sold vs list price up 1.7%. Average sold price is up 1.2% and average price per square foot is up 10%.

Condominiums

Compared to Quarter two of 2018 in Santa Monica: Condos for sale up 26.5%, Number of condos sold down 23.3%, Average days on market up 5%, sold vs list price down 1.9%. Average sold price is up 8.9% and average price per square foot is up 0.5%.

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The second quarter of 2019 saw the average Mar Vista single-family home price rise 1.2% while the price of condominiums decreased 3.5% as compared to Q2 of last year.

Single Family Homes

Compared to Quarter two of 2018 in Mar Vista: Properties for sale up 12%, Number of homes sold up 7.4%, Average days on market up 15.2%, sold vs list price down 1.3%. Average sold price is up 1.2% and average price per square foot is down 3.5%.

Condominiums

Compared to Quarter two of 2018 in Mar Vista: Condos for sale up 22.2%, Number of condos sold up 38.5%, Average days on market up 50%, sold vs list price down 4.6%. Average sold price is up 5% and average price per square foot is up 3.8%.

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The second quarter of 2019 saw the average Culver City single-family home price fall 6.8% while the price of condominiums fell 4.3% as compared to Q2 of last year.

Single Family Homes

Compared to Quarter two of 2018 in Culver City: Properties for sale up 63.6%, Number of homes sold up 14.1%, Average days on market up 32.3%, sold vs list price down 2.4%. Average sold price is down 6.8% and average price per square foot is down 2.3%.

Condominiums

Compared to Quarter two of 2018 in Culver City: Condos for sale up 15.8%, Number of condos sold up 17.4%, Average days on market up 51.9%, sold vs list price down 4.1%. Average sold price is down 4% and average price per square foot is down 2.5%.

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The second quarter of 2019 saw the average Marina del Rey single-family home price fall 6.3% while the price of condominiums fell 7.1% as compared to Q2 of last year.

Single Family Homes

Compared to Quarter two of 2018 in Marina del Rey: Properties for sale up 36.8%, Number of homes sold remained the same, Average days on market down 37.8%, sold vs list price down 1.2%. Average sold price is down 12% and average price per square foot is up 30.4%.

Condominiums

Compared to Quarter two of 2018 in Marina del Rey: Properties for sale up 7.6%, Number of homes sold down 5.5%, Average days on market up 40.6%, sold vs list price down 1.8%. Average sold price is down 6.3% and average price per square foot is down 7.1%.

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