The Venice Real-Estate Market Is Unstoppable No More

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Throughout the pandemic, while Los-Angeles area home prices rose in neighborhoods such as Brentwood, Pacific Palisades and the beaches of Malibu, homes over $3 million in Venice have been a tougher sell, leading the property market there to take a pause.

The property Jordan Mazer bought in December is the classic Venice beach house in more ways than one.

Inventory has also grown in Venice. There were 43.2% more single-family homes on the market in 2020 than there were the year prior, according to the report. Some agents blame the shift on pandemic buyers looking for larger homes outside of Venice. Juliette Hohnen, an agent with Douglas Elliman, said that Venice’s draw has long been its urban-style living, cool stores and restaurants, all hard hit by the pandemic.

A view of the Venice boardwalk and beach, with some of the tents that have become increasingly prevalent through the Covid crisis.In 2020, Venice, a neighborhood of just over 3 square miles, was host to 1,981 homeless people, up 57% from 2019. The homeless population in Los Angeles County rose by 12.7% during the same period, according to data from the Los Angeles Homeless Services Authority.

“There were always hippies, skateboarders and people smoking pot” on the boardwalk, Mr. Moeller said. Today, he finds the scene more menacing, saying he has witnessed drug dealing and stepped over hypodermic needles on the beach.

 

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LarryLove959595 Information in United States of America.🌹🏡💰🎻🎺🎸🥰❤️🥧🍔🌽🥬🏡💰🌹

Thank you for profiling the plight of historic Venice Homeless are suffering in filthy encampments as mikebonin spends $550k PER UNIT on developers for housing that houses so few, vs ANY innovative housing or sanctioned camping w/water He’s made Venice his own containment zone

It's called a containment policy. Same approach that started Skid Row, thanks to local Council Member mikeboninla refusing to listen to Venice residents regarding massive homeless encampment & crime as he focuses on improving streets around his home in Pacific Palisades. FAIL

I guess the “bum” rush had to stop sometime…

Venice has become a dump. Just walk around Venice beach. It is filled with Black and Hispanic gangs. I doubt that homes over $1 million are selling

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