Venice Bits

This is my favorite month in Venice, the Shark Tooth Festival is here April 17 to the 19.  Lot of fossil vendors, crafts,  live music and delicious food.  It is so much fun.  The beaches have been beautiful, not to hot, just right.  I've been on dog Beach (Brohard Beach) quite a bit and Venice pets are so pampered. From the Great Danes to the Pomeranians,  it's fun to watch.   

Sales have picked up in our office due to last minute buyers from the North and also many investors returning to the area.  Inventory is reducing. Attended the Women's Council of Realtors meeting at the Venice Board yesterday and all attendees reported increased sales, but with lower price points. 

The sales figures for March 2009 was $13,624,950 as compared to $21,110,780 for March 2008.  A decline of 35%.  The average price in 2009 was $194,642 compared to $281,477.  A decline of 31%.  Units sold in 2009 was 70 compared to 2008 was 75. A decline of 6% 

The first quarter figures are sales for 2009 are $29,809,950 and for 2008 $51,092,656 a decline of 41%.  The average price in 2009 was $185,155 as compared to $288,659. Down 35%.  Units sold in 2009 was 161 and in 2008 was 177 was a drop of 9%.

So the figures for the first quarter of 2009  as compared to 2008 show sales have continually dropped from 11% to 41%. The average price has declined about 30% from the prior year.  The units sold has fluctuated both up and down and settled with a decline of 9%.  So the number of units sold is fairly consistent but the sales volume and average price have dropped. 

This means it is a good time to purchase a bargain in Venice. You may read the newspapers report our real estate market is devasted, well don't believe everything in the newspapers, because we have buyers purchasing.    

The rain has finally arrived.  Not enought to  lift the water restrictions but the plants  and flowers have perked up.