Venice FL Real Estate Market Reports – February 2012

Venice FL Real Estate Market Reports – February 2012

Venice FL Real Estate Market Reports will provide you a good over view of   how Condos for sale performed during the month of February 2012.

Condos for sale in Venice FL that were newly listed between 2/1/2012 and 2/29/2012

Active- 54

6 listings are bank owned, 3 listings are short sale and 45 are regular sales

Condos for sale in Venice FL that went under contract or pending in February 2012.

Pending- 18

5 listings were bank owned and 13 listings were regular sales

Condos for sale that sold during the month of February 2012.

Sold – 41

3 listings were bank owned, 1 listing was short sale and 37 listings were regular sales.

The price depends on the location, amenities & condition of the condo (handyman, move in condition, kind of floor, updated kitchen/bathroom, air-conditioner, car port or garage parking & etc.)

                                                                             February 2012                     February 2011

The average sold price is                                       $139,057                              $153,462

The lowest sold price is                                         $42,500.00                           $25,555

The highest sold price is                                        $355,000.00                         $975,000

Number of unit Sold                                               41                                       43

Average day on market                                         188                                      112 

Compared to February 2011 the Condo average sold price was 9.38% down in February 2012

Now is a Great Time to Buy. Interest rates are at record lows. Buying any real estate for a primary home, vacation home, or vacant land is an investment. Before you invest, or even plan on selling a home in Venice FL, it is important to have the right information and an experienced, honest agent.

Based on information from the My Florida Regional Multiple Listing Service, Inc. for the period as mentioned above. This information may or may not include all listed expired, withdrawn, pending or sold properties of one or more members of the My Florida Regional Multiple Listing Service".

MFRMLS, Inc. Information deemed reliable but not guaranteed. Parties are advised to verify.

Venice FL Real Estate Market Reports – February 2012

Need someone on your side for your real estate transaction either buying or selling in Venice, and the surrounding area? Just contact Kwee your  local REALTOR® so your best interest is protected.