My New Blog

Hi, hope everyone had a great holiday season.  Like many of you, we have been freezing here in Venice.  It was nice to have a cold snap around Christmas but not to continue on for 2 weeks!  We thin blooded Floridians can't cope when temps are 20 degrees colder than normal.  Thankfully we are back in the 70's today and the sun is shining bright.

I decided to check out the numbers for foreclosures and short sales last year, partly because of watching 15 or so short sales from last May that still haven't closed, and thought you might also be interested.  So for anyone thinking of pursuing these, here are the hart fast numbers.  Also included are the foreclosures.  We don't have as many in our area as most, but do have a few.

2009 Homes sold in Venice, per mls data        1501

171 were foreclosures, 65 of these sold at or above list price

156 were short sales, 45 of these sold at or above list price

2010 Homes for sale in Venice 1250

32 are foreclosures

164 are short sales

323 homes under contract

22 of these are foreclosures

170 of these are short sales

An interesting side note* It appears that short sales, or the greater bulk of them, appear to be on hold.  Some, as before mentioned have been under contract since May of 2009 or before.  Before you think of tying yourself up time wise, look at other options.  You can see from the numbers they make up a small portion of our market.  With the inventory down from last year, waiting for that short sale deal could cost you money if it doesn't close.

Activity is very brisk now.  Many are out looking to purchase their vacation or retirement home before the prices rise!  Don't miss the boat, it is pulling away....

Janet Thomas, Broker

Venice Hometown Realty