The information below is based on statistics for Bellagio on Venice Island. There has been only 1 sale over the past 2 years at Amora, so it does not lend itself to the same formulations. Bellagio and Amora had the same builder, and share similar characteristics, save for Bellagio is in a gated community. The municipal tax authority tends to assess the market value of homes at Amora at approximately 10% less than similar homes at Bellagio. Average Price per Square Foot: 
Number of Homes for Sale & Sold: 
What does this mean for you? It appears prices have reached a level where homes are selling, and combined with historically low interest rates, this is a very favorable time to sell or buy your home --- provided, it is priced competitively.
- Year to date the average sold price has dropped 13% from the same time last year.
- From January thru September 2010 the average sold price was $203 per square foot; the average sold price from January to September 2011 was $176 per square foot (with pool).
- Price levels appear to be stabilizing, as indicated in the graph below.
Number of Homes for Sale & Sold: - As of September 30, 2011, there were 8 homes available for sale at Bellagio on Venice Island; a 43% less than the 14 homes for sale at the same time last year.
- Year to date there were on average 8 homes for sale each month; 1/3 less than the 12 homes for sale, on average, for each month from January to September 2010.
- Notwithstanding there have been less homes available for sale, it is particularly noteworthy that there has been a 100% increase in sales this year to date, versus the same period last year. 8 homes have sold from January to September 2011, whereas, only 4 homes sold from January to September 2010.
What does this mean for you? It appears prices have reached a level where homes are selling, and combined with historically low interest rates, this is a very favorable time to sell or buy your home --- provided, it is priced competitively.
