Zip Codes 34285, 34292, 34293

By:  Robert Goldman, PA, JD, REALTOR®

  There’s a serious shortfall in inventory, as strong sales continue unabated.  It is being driven by sellers who properly price their homes for sale and recognition by buyers that the market has likely hit bottom. [...]

Zip Codes 34285, 34292, 34293

By:  Robert Goldman, PA, JD, REALTOR®

Last month I said all indicators point to sales increasing, inventory declining and prices rising.  March certainly confirmed that prediction.  Far and away, March was the strongest month for sales we’ve seen in some time in Venice.  Here are the stats: [...]

Zip Codes 34285, 34292, 34293

Based on my analysis of home sales in Venice, as of the end of February 2012, these are the trends:

1. Sales will increase.
2. Inventory levels will decline.
3. Prices will rise to a historically sustainable annual average of 3%.

By any measure the number of homes for sale is way down.  Two years ago, in [...]

The State of the Real Estate Market in 2011 at Sawgrass can be summed up as follows:

• Sales Up - Almost 40%.
• Prices Down - Close to 6%.

2011 was a good year at Sawgrass.  There were more homes for sale, 7.7% more in 2011 versus 2010, but more noteworthy, the actual number of homes sold increased 38.8%.  On the other hand, prices came [...]

For all properties available for sale in 2011, there were fewer homes available for sale and less sold than in 2010.  It was due to a significant drop in Short Sales and Bank Owned Properties (“Distressed Properties”).  However, Non-Distressed Properties had a significant increase in the number of homes available for sale and the [...]

Zip Codes 34285, 34292, 34293

The five (5) major 2011 stories in Venice for real estate values and activity:

1. Prices Stabilized at a New Bottom.
2. Unit Sales Are Up.
3. Less Homes Available For Sale.
4. Homes Sold When List Price Within 10% of Sold Price.
5. 25% of All Sold Properties Were Distressed Sales.

Buyers had fewer homes to choose from [...]

  The Lakes of Jacaranda is a resilient and desirable community.  However, it is not immune from the challenges faced by a depreciating real estate market.  In 2010 the average active list price was $315,000, at a time when the average sold price was $290,000.  This represented an 8% difference between the average list price and the [...]

The big stories for 2011 regarding real estate values and activity at Lake of the Woods were:

1. There were significantly less homes available for sale
2. Nevertheless, the number of homes sold remained the same.
3. Prices have stabilized.
4. Right priced homes --- there was less than a 10% difference between original list price and sold price.

  [...]

The four (4) big stories for real estate values and activity on the Island for 2011 were:  

1. More homes sold.
2. Prices stabilized.
3. Distressed sales went down.
4. Homes sold when list price was within 10% of selling price.

  Homes sold at a rock solid pace, increasing at a market stabilizing and healthy 5% increase over 2010.  Further, [...]

Pelican Pointe Golf & Country Club is a gated golf community, consisting of over 1,200 homes in Venice.  In 2011 unit sales were up, but prices were down. Sixteen (16%) more homes sold at Pelican in 2011 than in 2010, but, the average price per square foot went down 5% --- the median price dropped 3% from 2010’s pricing levels.  And, [...]