Venice Bits

August figures are in.  Good news! For the second month buyers are making the number of sales climb from last years monthly totals. 

For the month of August 2008 there were 76 homes sold for a total volume of $15,756,375 as compared to 2009 where 86 homes sold for a total volume of $13,675,075.  Last year the average price was $207,321 and median price of $171,750.  This past August the average price was $189,932 with a median price of $157,450. The reduced home prices that are attracting new home owners. Stricter financing guidelines and appraisal issues make cash the primary avenue to finance both in 2008 and 2009.  

What's happening in town? The rain has stopped so visit the craft festival this weekend on downtown Venice Avenue.  The beaches have been hot and sunny, the surf a bit rough.  Some of the turtle  nests are hatching.  

 Homeowners are receiving their proposed tax bills and mine should reduce for 2009.   I wish you the same .  Remember, You have to close by Nov. 30th to take advantage of the $8000 tax credit this year and time is running out.   Rentals are booking now for high season, so don't delay. 

Have a fun Labor Day, Alice