In spite of competition from more “interesting” subjects, the number one question these days is “how is the market?” The answer to this sometimes complex and tricky inquiry springs readily to mind and rolls off the tongue quite easily lately: “Not bad at all.” The overall consensus seems to be that homes in Venice are in high demand, which is evident by an influx of ready, willing, and able buyers. Realtors are out and about, setting up appointments, showing homes, and making deals— less time for socializing, but first things first.
I knew things were changing when my Canadian friends reported on the latest upsurge in the notorious “How To Invest In Florida Real Estate” seminars taking place throughout the provinces. While the National Association of Realtors recently reported that nationwide “existing-home sales declined modestly, but inventory continued to tighten and the national median home price recorded its seventh back-to-back monthly increase from a year earlier,” our local market seems to rally across the board.
Why is that, you might ask? In my humble non-economist but out-there-in-the-field based opinion it means that Venice continues to be a much sought-after place to live, love, and cherish. Those who already call this little piece of paradise home are not the only ones who favor its quaint downtown area, world-class beaches, active art and entertainment scene, and its many refreshing happy hour opportunities.