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October 3rd, 2009 4:07 PM
Wow, what a wonderful busy summer we have had!  The market has been just as hot as the weather.  The first time homebuyers are really taking advantage of the $8000 tax credit.  The program has been such a success, I am hoping they will extend it and make it available for all buyers, not just 1st timers.  For those of you constantly getting outbid, don't give up.  The market has turned and you need to keep step with it.  The days of lowballing appear to be over, at least for the moment they are.  If you find that perfect home, and it's in your price range, put your best foot forward or someone else will.  I haven't updated in awhile because the market was moving so fast.  We are taking a bit of a breather now with the kids going back to school.  All signs point to a busy fall and winter season.  Here are the summer market stats:

July, August and September

Single Family Homes Sold on Venice Island:  10 Priced from $133,650 - $785,000

13 are under contract, priced from $87,800 - $395,000

74 Homes are currently for sale, priced from $135,000 - $2,900,000

Condo's & Co-ops Sold:  19 priced from $46,000 - $391,000

16 are under contract at this time, priced from $149,000 - $824,900

167 Currently for sale, priced from $39,900 - $1,599,000

Nationally Closed and Pending sales have been up for the last 5 months.  Mortgage rates are predicted to rise next year, so if you are planning to buy and are sitting on the fence, it may be time to get off.

On another note, the Gulf has been just beautiful this year.  No big storms just our nice afternoon rains to green up everything.  When they named Venice Paradise, it had to be in the summer, it's never looked prettier.  The flowers are gorgeous and the air smells like perfume.  The gulf temp has maintained at about 87 degrees all summer, that's the temp. for me!  We took a vacation to the beautiful Exumas this year.  The Exuma Islands are paradise too, just without conveniences.  We did miss our Publix!! 

Janet Thomas, Broker

Posted by Janet Thomas on October 3rd, 2009 4:07 PMPost a Comment (0)

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