Venice Real Estate Trends

Read articles on emerging market trends and the latest statistics from the local Venice real estate market.

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August 2012 Venice Real Estate Trends Update

Saturday, September 1st, 2012 at 7:33pm. 1918 Views, 0 Comments.

Currently there are 302 sales pending in the market overall, leaving 555 listings still for sale. The resulting pending ratio is 35.2% (302 divided by 857). The pending ratio indicates the supply & demand of the market. Specifically, a high ratio means that listings are in demand and quickly going to contract. Alternatively, a low ratio means there are not enough qualified buyers for the existing supply. Based on this index, current inventory is described as mildly active. The median list price (or asking price) for all properties in this market is $255,000.

Venice_Single_Family - Available vs Pending Listings

Venice Single Family - Sold vs Expired ListingsA total of 555 contracts have closed in the last 6 months with a median sold price of $150,000. Breaking it down, we notice that the $50K - $100K price range contains the highest number of sold…

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