Venice, CA 90291 Home Prices & Values $1,341,800 Zillow Home Value Index 35.4% 1-year change 12.3% 1-year forecast Jan 2013 Feb 2014 Jan 2015 Market Temperature: Cool Buyers Market & Sellers Market The median home value in 90291 is $1,341,800. 90291 home values have gone up 35.4% over the past year and Zillow predicts they will rise 12.3% within the next year. The median list price per square foot in 90291 is $1,017, which is higher than the Los Angeles average of $345. The median price of homes currently listed in 90291 is $1,595,000 while the median price of homes that sold is $1,230,750. The median rent price in 90291 is $3,500, which is higher than the Los Angeles median of $1,900. Foreclosures will be a factor impacting home values in the next several years. In 90291 1.3 homes are foreclosed (per 10,000). This is lower than the Los Angeles value of 2.6 and also lower than the national value of 5.0 Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 90291 is 0.0%, which is lower than the national value of 8.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 90291 homeowners underwater on their mortgage is 3.0%, which is lower than Los Angeles at 11.8%.
Posted on: Tue, 11 Mar 2014 23:55:38 +0000
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