Venice Bits

Encouraging words from Moody’s Analytics economist Chris Lafakis said the Federal Reserve will remain aggressive, with a quantitative easing plan that he equated to “basically flooding the global monetary system.” Lafakis predicted the strategy would lift asset prices, reduce corporate borrowing costs, and increase the willingness of consumers to spend.

Lafakis predicted substantial growth in Florida’s economy, mentioning that the Miami, Orlando and Tampa areas are expected to recover “quite significantly” due to a rebound in population growth and an increased willingness of people to travel to Florida for vacations. “The story of pent-up demand is true in no place more so than Florida,” he said.  

Onto comparing October's  2009 to 2010 figures for Venice, FL,   show median and total volume  figures are similar.  Not has many homes were sold but the average price increased. 

                                               2009                     2010

Units Sold                                    120                        91

Median Price                          $138,950               $132,000  

Average Price                        $154,968               $177,282

Total Volume                     $16,736,509            $16,132,626

Activities in Venice for November:

November 12th there is a Friday Night Live Concert in Centennial Park at 8:00p.m. 

3rd Thursday stroll downtown (Nov.18th, 5:30 to 8 p.m.) on Venice Mainstreet.

November 21st to January 2nd is  Heritage Holidays at Historic spanish Point.   

Holiday Parade (Nov. 27th, 7-9 p.m.) downtown Venice.