Jacaranda West Venice FL Market Update Report Dec 2009

Property Update Report by Kari A. Battaglia

For more information please call (941)-270-1851

The report summarizes listings sold, as well as active/pending listings for Jacaranda West.  Listings summarized in the following table are based on information from the Mid Florida Regional MLS and/or other MLS Services.  Properties sold were not all listed by Coldwell Banker Residential Real Estate and were listed by various MLS participating offices.  Please note that For Sale By Owner properties are excluded because they often do not represent the full value of what they could sell for when properly priced and exposed to a greater number of qualified buyers through a professional real estate agent.  The most recent listings sold are shown in more detail below as they represent the best indication of change in property values.

Summary of Solds for Jacaranda West

11/06/09     1702 Sklar Ct      3/2               1976       $298,900      $260,000      -13.01%            51

11/10/09     1704 Reef Ct      3/2                1974      $149,900       $165,000     +10.0%            115

11/30/09     1132 Olga Ct      2/2                1981      $159,900       $159,900       0.00%                9

12/04/09     1811 Oakwood    3/2                1983      $288,500       $250,000     -13.34%            131

Summary of Activity for Jacaranda West

11/09/09-01/11/10       4            $224,300          17              $233,497             7                 $171,671

09/09/09-11/09/09       8            $218,750          19              $248,297             9                 $210,166

06/01/09 -09/28/09     11           $213,263          13              $243,208            10                $187,250

01/01/09 - 05/31/09    6             $188,417         n/a                  n/a               n/a                    n/a

06/01/08 - 12/31/08    12           $190,441         n/a                  n/a               n/a                    n/a

The number of properties available for sale in the Venice/Englewood area real estate markets increased for the first time in months, up 3.1% from December 2009; 3232 homes for sale to 3331.  Sales that are pending in the area are up sharply, over 48% from December 2009; 347 properties pending to 549 properties pending and closed sales have decreased from December 2009 by 23.2%, from 370 properties sold to 284 for month of January 2010.  The increase in homes for sale in January can be attributed to a number of reasons; waiting to list your home for sale until after the holidays are over or waiting to list your home for sale until the season officially begins.  Whatever the reasons for the increase we are still in a Buyers' Market.  The Homebuyers Tax Credit is soon ending (you have to be under contract by April 30^th to realize the $8000 First Time Homebuyers Tax Credit or the $6500 Move Up Credit).  Mortgage rates are rising, currently in the 5% range and soon is expected to increase to the 6% range, still historically low rates and very affordable for homebuyers.

Contact Kari A. Battaglia, PA GRI SRES^® , licensed REALTOR® in Venice Florida at 941-270-1851 to list your home, answer general questions or to help you search for homes for sale in Venice Florida.  I currently serve customers in Venice Florida, Englewood Florida, Nokomis Florida, South Venice, Laurel, Osprey and Casey Key and Manasota Key communities.  As a private landowner, I also have Tennessee properties available in the Chattanooga area. Call or email me to receive a list of Tennessee properties available for sale.

Contact me by email at Kari@DiscoverVeniceRealEstate.com.  Need information fast, call me direct at 941-270-1851.  Copyright©2009. By Kari A. Battaglia PA.  All Rights Reserved.

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