Venice Bits

The new year 2010 is off to a good beginning in real estate.  Many of the buyers in town are serious and taking advantage of the incentives offered.  The low interest rate this month below 5.0%, first time home buyer credit up to $8,000 and the existing home buyer tax credit up to $6,500. 

For the Venice area the month of December, 2009, closed with skyrocket sales compared to December, 2008. 

December                  2008                   2009

Median Price         $145,000             $147,500

Average Price        $194,964             $179,307

Volume             $19,691,401        $26,178,864

The year end totals for the Venice area confirm that prices are low.  Homes with sales  prices below $200,000 are moving fast and are the major cause of the increasing volume of units sold. 

Year End                   2008                     2009

Units sold                  1093                     1287

Median Price         $190,000               $147,000

Average Price        $235,771               $180,000

Total Volume   $257,698,239         $232,387,960  

If you haven't been in Venice this month of January, you missed some of the coldest days we have experienced in many years.   Two nights it actually went below freezing.  Our wild life  and plants suffered , but are making a come back as the weather is heating up.  It's nice to enjoy the sun and warm rays again.  Come on down,  Alice