Venice Bits

The totals for sales in Venice for February are in and the news is not good for the housing market. 

For February, 2008, sales were $24,189,000, this year for February $11,770,968.  That is a decrease of 5l% .....Ouch!!!  Average price of $268,767 for February, 2008, dropped to $163,280 for Feb. this year. A total drop of 39%. ...... Double ouch!!!!!!! Units sold for February, 2008, were 95 as compared with this year of 90 units.  Only 5% down.  Whew!! and I was worried.

So, for the second month, this year looks to be off to a sloooow start.  On Sunday the open houses  were busy having anywhere from 7 to 17  sets per house.  Most were buyers and lookers from out of town getting a feel  for what is available.  Their hesitation to buy today ranged from not being able to sell their home up north due to, dare I say the four letter word........... SNOW, to just the uncertainty of the economy.  I did encounter two couples, whom mentioned if they found something they liked they would put a contract in.   It's not the best of times for Sellers, but it still is the best of times for buyers with low rates, vast inventory, flexible  and serious sellers to work with.

What happening in Venice this month:

March 7th Downtown Art Classic

March 14th the St. Patrick's Day Parade in Town and Venice Symphony Pops in the Park 

March 21 the Scottish Highland Games and Celtic Festival