Venice Florida Real Estate Market Report Year End 2008
By Kari Battaglia, Who You Work With Matters!
(Veterans Realty Inc)
Are the Venice Florida real estate Englewood Florida real estate markets getting any better? If you look at the statistics as compared to 15 months ago, October 2007; YES it is getting better but home values are still declining. The inventory is still down (not as many homes available for sale) and the amount of homes sold and that were under contract has increased. The number of homes for sale in the Venice FL and Englewood FL markets combined as compared to 15 months ago has dropped 17.4%. Homes that have sold (closed) have increased 88.1% and homes under contract (pending) are up 69.6%. The average days on the market (DOM) has dropped from 137 to 123 and list to sales price ratio although has fluctuated over the past 15 months is at 90%, down 1.1%, which means that the average ho...
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