Venice Florida Real Estate Market Report
By Kari Battaglia, PA, Love Where You Live
(Veterans Realty Inc)
Is the Venice FL real estate and Englewood FL real estate getting any better? If you look at the statistics as compared to 15 months ago, September 2007; YES it is getting better but we are still in a declining market. The inventory is down (not as many homes available for sale) and more homes have sold and were are under contract to sell. The number of homes for sale in the Venice FL and Englewood FL markets combined as compared to 15 months ago has dropped 13.8%. Homes that have closed has risen 25.9% and homes under contract are up 115.3%. The average days on the market (DOM) has dropped from 146 to 112 and list to sales price ratio although has fluctuated over the past 15 months is still at 91%, which means that the average home is selling for 8% - 9% off the stated list price. If y...
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