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Sarasota County Market

Let's dive into the correlation between these real estate metrics to help you better understand the current market conditions. First, the Months Supply of Inventory stands at 5.41, indicating that it would take approximately 5.41 months to sell all the current inventory at the current sales pace. This suggests a balanced market where neither buyers nor sellers have a significant advantage. The 12-Month Change in Months of Inventory has seen a significant increase of +117.27%, which could indicate a shift towards a buyer's market as inventory levels have risen compared to the previous year. The Median Days Homes are On the Market is 52, which means that on average, a home stays on the market for 52 days before being sold. This is a reasonable timeframe and could indicate a healthy level of buyer interest in the market. The List to Sold Price Percentage is 95 9%, showing that homes are typically selling for just under their asking price This could suggest that sellers are pricing their homes competitively, leading to quicker sales Lastly, the Median Sold Price is $450,000, giving us an idea of the average price at which homes are selling in the current market This information can be helpful for both buyers and sellers in understanding the value of properties in the area Overall, these metrics paint a picture of a market that is relatively balanced, with a moderate level of inventory, reasonable selling times, and homes selling close to their asking prices It's essential to keep an eye on these metrics to make informed decisions when buying or selling real estate in this market

If you are thinking of buying a home - Now is the time! There is plenty of inventory, negotiations are back on the table, and pricing has come down!

Charlotte County Market

As a potential buyer or seller in the current real estate market, it is important to understand the correlation between various key metrics to make informed decisions. Firstly, the Months Supply of Inventory stands at 7.51, indicating a balanced market where supply and demand are relatively stable. However, the 12-Month Change in Months of Inventory has seen a significant increase of +83.17%, suggesting a shift towards a more saturated market with an abundance of available properties. The Median Days Homes are On the Market is 70, which shows that properties are selling relatively quickly despite the increase in inventory. This could be attributed to the List to Sold Price Percentage of 96.3%, indicating that sellers are pricing their homes competitively and buyers are willing to pay close to the asking price. Finally, the Median Sold Price of $338,450 reflects the average selling price of homes in the current market It is important to consider this figure when making decisions as a buyer or seller, as it provides a benchmark for pricing and negotiation Overall, these metrics paint a picture of a market that is experiencing changes in supply and demand, but still offers opportunities for both buyers and sellers It is helpful to stay informed and work with a professional real estate agent to navigate these dynamics effectively

If you are thinking of buying a home - Now is the time! There is plenty of inventory, negotiations are back on the table, and pricing has come down!

The Happenings

AREA HAPPENINGS

Christmas Walk- Dec, 5th, 5-8 PM

Enjoy extended hours at local shops, treats, live music and the twinkle of lights on decorated trees along the downtown avenues Take a stroll and delight in the warm glow of decorated holiday storefront windows Organized by Venice MainStreet

HOLIDAY MUSIC AT THE GAZEBO

5:00pm-5:30pm: Venice Elementary Chorus

6:00pm-7:00pm: The Venice Symphony Youth Orchestra

STOLLING CAROLERS

6:00-7:00pm: The Venice Chorale

THE MAYOR’S HOMETOWN CHRISTMAS 2024

November 29 @ 5:00 pm - 7:00 pm

The Mayor’s Hometown Christmas 2024 Centennial Park 200 West Venice Avenue, Venice, FL, United States

Get ready to kick off the holiday season with The Mayor's Hometown Christmas in Downtown Venice! Enjoy the Christmas tree lighting as local choirs bring the festive spirit and holiday

November New Listings!

$ 370,000, 3/2 plus Den, Toscana Isles

109 Porta Vecchio Bend, Nokomis, FL 34275

Listing Agents: Colleen Waldoch & Crystal Saly

Discover this impeccable, beautifully designed turn-key furnished condo, featuring 3 bedrooms, 2 bathrooms, and a versatile den an ideal retreat for the discerning buyer Spanning an impressive 1,616 square feet of bright and airy living space, this layout is a rare find in a condominium, ensuring ample room for comfort and relaxation The stunning water view is truly captivating, complemented by inviting décor that creates a serene atmosphere for lounging and unwinding You’ll appreciate the tasteful details, including freshly painted walls, elegant 5-inch baseboards, and professionally cleaned and sealed grout throughout

$ 249,000, PORT CHARLOTTE

2208 ANNE AVE, PORT CHARLOTTE, FL 33952

Listing Agents: Scott Swonger

Investment Opportunity in Port Charlotte – 2208 Anne Ave Discover the potential in this charming 3-bedroom, 2-bathroom + den home, nestled on a quiet street with a spacious yard. This 1,157 sq. ft. property is ready for a finishing touch, offering essential updates like a brand-new roof (2023), new kitchen cabinets, and newer A/C. With all-new vinyl windows featuring accordion shutters, this home promises a secure, low-maintenance future Located in a noflood zone it’s ideal for families and rental demand Just a little TLC will turn this into a desirable rental or resale property Don’t miss this investment gem! Reach out today for a showing

$ 423,000, Venice, Gran Paradiso 12187 AMICA LOOP, VENICE, FL 34293

Listing Agents: Scott Swonger

Experience Luxurious Living at 12187 Amica Loop in Gran Paradiso located in Venice Florida Discover this elegant 2-bedroom + den villa in the highly sought-after gated Gran Paradiso community With 1,568 sq ft of thoughtfully designed living space, this open concept Villa is move-in ready and packed with upgrades: Interior Features: Freshly painted walls, custom electronic window blinds on Sliders, custom blinds in bedrooms and office, upgraded ceiling fans, new dishwasher, and disposal 2024.

$ 575,000, 3/3 Plus Pool, Antigua- Wellen Park

19045 Moscato Ct, Venice, FL 34293

Listing Agents: Kim Carpenter

Why build when you could own this better than new 3BR/3BA/Den ranch home in sought after Antigua in Wellen Park The Sellers take pride in their home and have done several updates in the home since purchasing The Marsala is a beautiful, open floor plan offering 3 bedrooms, 3 full baths and a private den One bedroom offers an ensuite full bath and the other full bath is shared by Bedroom 3 and guests The kitchen has an abundance of cabinet/countertop space, walk-in pantry, quartz counters and all stainless appliances The great room/dining area is open to the kitchen for everyday living or entertaining Primary suite offers his/hers walk in closets, large bath with spacious double vanity, huge walk in shower, linen closet and private water closet. The lanai lends itself to relaxing, grilling and features a sparkling in-ground pool with built in spa.

$ 525,000, 3/2 , Milano

275 Cassano Dr, Nokomis, FL 34275

Listing Agents: Morgan Stepien & Colleen Waldoch

This tastefully furnished and immaculate 3-bedroom, 2-bathroom Liberty Model home has been beautifully upgraded with plantation shutters, hurricane windows, and crown molding throughout The spacious living room features trey ceilings with exquisite woodwork The lanai is extended with an additional patio space for lounging

Venice, Gran Paradiso 229 Venice Palms Blvd, Venice, FL 34292

Listing Agents: Morgan Stepien

Coming November 22, 2024