Sam Hague's Blog: Venice Real Estate

Well, the most recent housing market statistics are in and all over the print and electronic media...and causing all manner of conversation.
The story this month is that in the Sarasota/Bradenton market, home sales increased by 16% over last April and the median price (the median is the number where half of the prices are more and half are less)  dropped by 2%.
Our regular readers and customers already knew what happened in Venice, and they knew it in the first week of May.  In fact, in Venice, the median price has risen 10% and sales are off 10%... just the opposite of what is being reported for the greater Sarasota area.

REVIEW TIME

For our new readers, a brief review is in order.  We are always working to assist and educate our customers when it…

     There was a great article in last Friday's (1/26/07) Venice Tribune Review by Stephen Frater (article).  It was on the front page, above the fold, full headline stating "Home sales' pulse strengthens".  Mr. Frater's piece was well written, informative,  well sourced and contained a number of remarks from prominent local, statewide and national industry professionals.  While the information contained therein does not necessarily describe a return to the days of wine and roses, it was very realistic and quite frankly, refreshing in its lack of a doom and gloom overtone.  Kudos to you Mr. Frater. 

     It also reminded me of an article that I wrote for my first quarter 2006 Venice Real Estate Advisor Newsletter. That entire article follows:

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The next installment in our look back at the local real estate market with final 2006 figures will be our look at how the market performed each month compared to the same month in the prior year.  Click on the image at the left for a large look at the Median Single Family Home sales presented in this manner. The media is fond of quoting the changes in the median prices using this comparison method.  Looking at January 2006, which showed a little residual upward momentum, and forecasting what January 2007 will most likely look like, one can only hope that the newsies do not choose these figures (or even a quarter that includes January) for one of their beloved banner headlines touting the end of the world as we  know it.  The good news is that even if they…

As Promised, we will now begin to post the final 2006 Venice real estate market activity reports.  We prepare these reports using data from the Venice Area MLS.  This data is aggregated into a spreadsheet and we use it to educate our customers on the current activity in the Venice Market.  Click on the graphic below for the first of our series of exclusive market monitors :

Median Home Prices '03 to '06

As the data we have been tracking clearly shows

• this is not a "normal" period in the history of our market, and
• in this dynamic time and place, being able to make effective decisions on pricing, with
• the knowledge of what the market is currently doing...

...is an invaluable tool that we provide exclusively to our customers.  There…

Venice Area Multiple Listing Service (MLS)

1553 Single Family Homes/Active

57  Single Family Homes/Sold 12/1/06 - 12/31/06

850 Condos/Active

22 Condos/Sold (12/1/06 - 12/31/06)

90 Expires Listings  (12/1/06 - 12/31/06)

73 Withdrawn Listings (12/1/06 - 12/31/06)

As you can see, our inventory remains a historical high levels for both Single Family Homes as well as Condominiums, both at over twice the number that this market has typically seen.

Properties that care coming off the market without selling also remain at historical highs. 

We will be posting our comprehensive Market Activity Report later today.

Welcome to the Blog of Sam Hague and Jan Alexander of EXIT Realty Gulf Coast in Venice Florida.  We are happy that you have found us and hope you will find our posts to be informative and educational.  We will be commenting on all things related to Venice Florida, but primarily Real Estate and Mortgage related items.

Check here monthly for our EXCLUSIVE VENICE AREA MARKET ACTIVITY reports and contact us to have these reports for YOUR area sent to you each month.  We all know that the three most important things in real estate are Location, Location and Location, and we use these reports to give our customers unprecedented insight and knowledge into market activity in their specific Multiple Listing Service (MLS) area, information that is invaluable when…

Welcome. We are happy that you decided to check out our Venice Florida Real Estate Blog and feel certain that you will find answers to all of your Real Estate and mortgage needs on our site.

We will be discussing many different subjects, and you can search using the links on the left side of this screen.

We hope that you will take a moment to comment on our posts. We appreciate any and all feedback, comments or questions.

Look for our exclusive Local Market Activity Reports...

...a feature that will be updated monthly and that you will NOT find anywhere else. How can we say this? Because we import data into a custom spreadsheet that we have extracted from the Multiple Listing Service and present these statistics in a way that no one else does. The…

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