The number of homes for sale in North Port is at an all-time low, while both the number of pending home sales (under contract) and sold homes (closings) continue at a high and unabated pace. [...]

What does this mean for you?         Prices, both listed and sold, have stabilized over the last 6 months.  There are currently fewer properties available for sale than at any time in more than a year.  As we head into the prime selling/buying season, inventory will drop as closed sales increase.    This all bodes well for a [...]

Zip Codes: 34285, 34292, 34293 

Inventory, the supply of homes for sale based on closed sales, although increasing over the last few months, is less than we have recently experienced for this time of year.   Further, the number of pending sales, under contract not closed, which is usually a reliable predictor of the next two (2) months [...]

The Venetian has reeled in some striking numbers for the first 9 months of this year.  The available supply of homes is down, the pace of sales has increased and, prices have stabilized.  It cuts across all price points, large and smaller homes.  This provides a solid foundation for the prime winter season, providing a very favorable time [...]

http://www.heraldtribune.com/article/20111018/ARTICLE/111019556/2107/BUSINESS?Title=Venice-market-gaining-stability-analyst-says Staff Report Published: Tuesday, October 18, 2011 at 8:16 a.m. Last Modified: Tuesday, October 18, 2011 at 8:16 a.m. Like its southern neighbor North Port, the Venice area's housing market seems to be reaching a [...]

Beverly Weltzien - Consistently the #1, top producing real estate sales professional at Michael Saunders & Company (“MSC”) in Venice. Coupled with Bev’s 18 years of expertise in interior design and business management, no one sells more or understands the market better. Robert Goldman - Real estate valuation, negotiation, finance [...]

What does this mean for you?         Sales at the Lakes are slow … steady, but slow.  Prices do appear to be stabilizing, at a price point approximately 9% less than last year, and interest rates are at historic lows.  Therefore, this is a very favorable time to sell or buy your home, provided it is priced competitively.   [...]

North Port is on the rise.  These are the highlights:

Average Sale Price vs. Average List Price

All Properties:

• The average sale price for all properties (distressed and non-distressed) was $104,000 in September 2011, 15.6% higher than the same month one year ago, when it was $90,000.  In fact, the trajectory has been on an upward trend
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If current conditions are a precursor for future events, it appears that the real estate market in Venice is stabilizing.  The above chart shows home sales in Venice for the past twelve months.  These are the highlights:   [...]