Venice Homes – Increasing Affordability for Todays Buyer
Homes in Venice Offer Savings and Variety
Housing statistic indicate homes in Venice FL are affordable and buyers are taking action. In the first quarter of 2011 the number of sold Venice homes increased 12% from the previous year. During the same period of time the average price decreased by 3% and the median price decreased 6%.
Brian Helgemo, a real estate agent for Five Star Realty located in Venice, Florida had this to say “Buyers recognize homeownership is often more affordable then renting today. The abundant opportunity to purchase a home in Venice today is exciting. Our community is filled with events, arts, music and other unique home town happenings that draw people in to our Gulf front community.”
According to a recent article posted at Inman News, “The Housing Opportunity Index found that 74.6 percent of new and existing homes sold in the first quarter were affordable to families earning the national median income of $64,400. That’s up from 73.9 percent in the fourth quarter of 2010, and it’s the highest level recorded in the more than 20 years the index has been measured.”
Venice Homes – Market Analysis Report
2010 verses 2011
|Jan – March 2011||Jan – March 2010||Difference|
|Average Sold Price||$172,597||$177,279||– 3%|
|Median Sold Price||$136,950||$145,000||– 6%|
The total number of Venice homes sales that closed from January 2011 to March 2011 was 460. The average number of days it took to a property to sell was 112. There were 20 that sold under $49,999 and 4 that sold for over $1,000,000. Similar to most real estate markets, location including proximity to water front had a big impact on the affordability of the 460 sold Venice homes.
Interestingly, the price range that witnessed the most sales during this period of time was homes ranging from $50,000 to $149,999. Nearly 50% of all sales occurred in this price range, suggesting affordability influenced the activity. While these popular price ranges in the first quarter of 2011 were also prevalent in 2010, during 2011 the total number of sales jumped 8%.
Venice homes including condominiums, townhomes and single family residential properties continue to offer first time home buyers, families, real estate investors and second home vacationers a waterfront community filled with a variety of reasonably valued homes for sale in Venice.
Many of the Venice Florida homes for sale offer sundry amenities distinguishing them from other nearby communities. Known as the “City on the Gulf” it is one of a limited number of cities on the west coast with direct access to the gulf – without the limitations of outer barrier islands.