Venice, FL Real Estate Market Trends
The Venice, FL real estate market is showing strong growth and competitiveness, as evidenced by the latest trends and statistics:
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Rising Median Sale Price: The median sale price in Venice is now $516,000, a significant increase of 10.9% compared to the previous year. This suggests a strong demand for homes and an upward trend in property values.
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Increased Sales Volume: There has been a notable increase in the number of homes sold, with 111 homes sold in October 2023 compared to 81 in the same month last year. This 37.0% increase indicates a robust market with a high turnover rate.
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Longer Median Days on Market: Homes are staying on the market slightly longer, with the median days on market now at 38, up from 29 days last year. This could indicate a more balanced market where buyers are taking more time to make decisions.
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Price Per Square Foot: The median sale price per square foot is now $286, showing a modest increase of 0.5% since last year. This metric is crucial for understanding the true value of homes, independent of their size.
Overall, these trends suggest a healthy and growing real estate market in Venice, FL. The increase in median sale price and number of homes sold reflects strong demand, while the slight increase in days on market indicates a more balanced environment for both buyers and sellers.
