Venice Real Estate Trends

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

There are currently 37 blog entries related to this category.

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Latest market data proves Florida real estate is still red hot

Thursday, May 12th, 2016 at 11:10am. 19 Views, 0 Comments.

Two more newly-published market reports show that the Florida and Orlando real estate markets are still red hot.

Prices of single-family homes in Florida rose 11.8% year-over-year in the first Quarter of 2016, according to the latest data from Florida Realtors.

At the same time, data specialist CoreLogic shows home prices, including distressed sales, in the Orlando-Kissimmee-Sanford area rose 8.5% in the year to March 2016.

Garrett Kenny, Chief Executive Officer of experienced Central Florida agent and developer, Feltrim Group, says although the exact figures might differ between market reports, it is undeniable that real estate prices in Florida and Orlando are increasing fast.

“Strong property price rises in the Central Florida show that

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Report: Rents rising faster in SW Florida than in nation

Wednesday, May 4th, 2016 at 8:36am. 9 Views, 0 Comments.

Apartment rents grew in Southwest Florida faster than the national average in April a new report by said.The San Francisco-based apartment listing firm calculated the numbers using listings on its website, using same-unit comparisons.

The report isn't seasonally adjusted, but Andrew Woo, data scientist for the company, noted that balmy Southwest Florida is out of lockstep with most places in the nation in temperate climates, where rents tend to slow down in the winter and pick up in the spring and summer.

The other factor driving up rents is heavy migration to Southwest Florida from other states and other parts of Florida.

"That population growth is continuing to drive rent increases in those cities," he said.

In the Naples

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‘Ideal time’ to buy a home say 3 out of 4 people

Tuesday, May 3rd, 2016 at 3:07pm. 13 Views, 0 Comments.

Current and prospective homeowners are increasingly optimistic about U.S. real estate, according to a sentiment survey conducted by Berkshire Hathaway HomeServices. Respondents cited low interest rates, an improving economy and increasing housing inventory as key reasons for their growing optimism.

Three out of four (76 percent) prospective homeowners said this year is a more ideal time to buy a home – an 11-point jump from December.

Overall, downward trends noted in the two previous surveys reversed course: 61 percent of current homeowners and 65 percent of prospective homeowners now see the real estate market as more favorable for sellers and buyers.

"Our data underscores what we're beginning to see across America – that millennials are

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Florida names new insurance commissioner

Tuesday, May 3rd, 2016 at 3:04pm. 29 Views, 0 Comments.

TALLAHASSEE, Fla. May 2, 2016 – You may never have heard of David Altmaier but he could have a significant impact on your life in the next few years.

After a series of public starts and stops on an appointment that consumed two Cabinet meetings, Gov. Rick Scott and the Cabinet members on Friday unanimously agreed to hire Altmaier as Florida's new insurance commissioner. The former Kentucky math teacher immediately takes over the Office of Insurance Regulation (OIR), but Kevin McCarty, the current commissioner, will stay on for two months to aid in the transition.

"I'm humbled by your support," said Altmaier, 34, who has been with the OIR since 2008, mostly recently serving as the deputy commissioner overseeing the property insurance market. "I

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I Don't Want To Go, But Less-Pricey Florida Keeps Calling

Sunday, May 1st, 2016 at 8:46am. 16 Views, 0 Comments.

When I retired five years ago, my wife and I purchased a second residence in Naples, Fla., our winter home away from Avon. As a retiree, my time in Florida has highlighted Connecticut's cost of living.

I moved to Connecticut in the early 1970s. The state did not have an income tax at that time. Of course, today we do. And somehow, we are still in the red. The issue is not taxation (we have income tax, real estate tax, auto property tax, estate tax and sales tax), it's spending. For example, in 2000, Connecticut's annual budget was $12.3 billion. Today, the annual budget is $20 billion and not balanced. That's an $8 billion spending increase.  As a retiree, my issue is simple and complex.

Simply stated, Florida does not have an income tax. My

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Luxury Second Homes for Less

Thursday, April 28th, 2016 at 5:15pm. 44 Views, 0 Comments.

Residents in Sarasota, Sun Valley, Napa Valley and Bellport, N.Y. said they are getting more for their money

George and Silvia Serrano's home near Sarasota, which they bought in 2007. Last year, they bought a nearby 1/2-acre parcel of land for $235,000 and are in the process building a new home on it. Betsy Hansen for The Wall Street Journal ... Sarasota once ...

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On Vamo Drive, a charming renovation is actually all-business

Thursday, April 21st, 2016 at 4:46pm. 13 Views, 0 Comments.

Realtors, and their marketing departments, have a fairly new tactic in the battle for buyers: Storytelling.  Every older house has a story. The vintage property where prominent early residents once lived. The family home in the suburbs, where kids once played but no longer fits "just the two of us." The grand waterfront mansion that is going on the market because its owners couldn't freeze the calendar and now have to downsize.

“People want to project a lifestyle,” said Tracy Eisnaugle, regional marketing director for Premier Sotheby’s International Realty. “They fall in love with the feeling.”

By telling a story, she added, “We are trying to touch something that evokes the buyer.”

A half-block from Little Sarasota Bay, a 1924

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Small chance of home prices falling in South Florida, report says

Friday, April 8th, 2016 at 11:41am. 35 Views, 0 Comments.

South Florida homeowners have little to fear in the way of falling prices, new data show.  The likelihood of price declines in Palm Beach County in the next two years is 3 percent, according to a report from Arch Mortgage Insurance Co., a private mortgage insurer based in Walnut Creek, Calif.

Broward and Miami-Dade counties and 22 other areas in Florida have a 2 percent chance of price declines. The national average is 5 percent.  "I'm bullish," said Ralph DeFranco, chief economist for Arch. "I think it's a good time to buy. Interest rates are low, so buyers should lock in while they can."

The Arch risk index analyzes median home prices from the Federal Housing Finance Agency while factoring in regional unemployment rates, affordability, change

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February 2016 single-family construction at 8-year high

Tuesday, April 5th, 2016 at 2:10pm. 20 Views, 0 Comments.

WASHINGTON (AP) – April 4, 2016 – U.S. construction spending fell in February by the largest amount in three months. Weakness in nonresidential construction and government offset the strongest month for home construction in more than eight years.

Construction spending fell 0.5 percent in February following a 2.1 percent January gain, the Commerce Department reported Friday. Spending declines on construction of factories, communication facilities and other nonresidential activities fell by 1.3 percent in February. Spending on government projects was down 1.7 percent.

Those declines overshadowed a solid 0.9 percent rise in home construction, which pushed that sector to the highest point since October 2007.

Home construction has been a bright

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Home prices maintain double-digit gains in Sarasota

Tuesday, April 5th, 2016 at 10:55am. 18 Views, 0 Comments.

Home prices in Southwest Florida continue to advance at a double-digit clip.  Single-family homes prices increased 10.2 percent in February over the year in the Sarasota-Manatee region, data provider CoreLogic reported Tuesday.  Prices jumped an even more robust 13.3 percent in Charlotte County.  Home prices climbed 10.2 percent throughout Florida in February, the third-highest rate in the nation.

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