The Sarlo+Scott team talk shop about what is currently happening in the Venice and Silicon Beach real estate market.
The Silicon Beach real estate market is continuing to experience upward pressure in real estate values due to a lack of inventory and steady buyer demand.
Homes in the $3,000,000 + range are up 4% since the beginning of the year. Homes in this price range are sitting on the market a bit longer from 40 days at the start of the year to an average of 50 days currently.
Overall, the Silicon Beach real estate market is still very strong due to the underlying strength of the local Silicon Beach economy.