Venice FL is a vibrant and historic charming city for all ages. It offers five beaches for you to visit; one of them has been named “ The Shark’s Tooth Capital of the World”. Check out the Venice FL weekly Venice Regional Area Residential Statistics 10/22/2011 for the market condition.
The Venice FL weekly Venice regional area residential statistics 10/22/2011 table shows the week between October 16 and October 22, 2011. There were 55 new listings in the market. 46 listings went under contract and 20 listings were sold. During the week of October 9 and October 15, 2011 there were 66 new listings, 52 listings have a contract and 27 listings were sold. Within a week new listing 16.66% decrease (low inventory) .
According to the Venice FL weekly Venice regional area residential statistics 10/22/2011, comparing the inventory of homes since September 2010, the indication is that inventories have been going down since March 2011. Also the number of new listings, listings went under contract and number of sold listings have been leveling out. Home prices are dependent on supply and demand, if the inventory is going down, buyers are buying, less homes in the market for sale, then the home prices will go up.
Buyers or investors, take action now before the prices go up higher and you will miss the boat. Contact your Venice REALTOR®. Kwee can assist you every step of the way, while keeping your best interests at heart.
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