The Week in Venice Estate - Week Ending October 26, 2014

A weekly recap and behind the scenes look at what happened in Venice real estate home sales for the week ending 10/26/2014.  For details on last week's real estate sales, click here.

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Active Homes for Sale in Venice: 39 (same as last week) - prices ranging from $975,000 to $6,600,000

  • 9 luxury homes for sale (over $3,000,000) - Average cost per foot:  $1236 (↑)

Pending Home Sales: 31 (up from 30 last week) - prices ranging from $950,000 to $10,850,000

  • 2 pending luxury homes  (over $3,000,000) - Average cost per foot:  $3320 (↑)
  • 5 pending homes sales from $2 to $3 million - Average cost per foot:  $888 (↑)

1 sold listing (down from 2 last week)

  MLS#:  SR14192805

MLS#:  SR14192805

2328 Penmar Avenue, Venice

Sales Price:  $1,400,000

Days on Market:  44

Cost per foot:  $846

Beautifully updated Venice Duplex. Zoned LARD2! Completely remodeled less than two years ago. Currently configured as a three bedroom front main residence, with a studio apartment rear house. Can easily be configured back to original two bedroom front, and one bedroom rear house. Lots of room for expansion! Steps from Lincoln Blvd shops and restaurants, minutes to Whole Foods & Abbot Kinney!