Is this the best time to purchase luxury real estate in Venice? The answer is most assuredly yes, economic indicators and market experts agree. Housing prices are on the rise in Venice and the available housing inventory is decreasing, although desirable luxury homes for sale are still to be had in most Venice communities. Economic indicators, in other words, are all encouraging. Interest rates are still at historic lows. New housing construction is on the rise; as of September 28th, Venice had issued 80 residential building permits this year compared with 74 for all of last year. And Neal Communities has announced that they will build 2,000 luxury homes in their new Grand Palm community at the junction of Center and River Roads near Venice. The Venice real estate market hasn't looked this good in years.
The recession's impact was felt everywhere, of course, and the Venice housing market was no exception. Market conditions declined not only in the Venice market but throughout most of the country. Experts now agree, however, that the real estate market in Venice has turned around. Many foresee that the upcoming sales season will be one of the best ever for selling and buying luxury real estate in Venice and the surrounding area. One reason: prospective homebuyers who've been undecided are opting to buy right now. With interest rates at historic lows, these buyers have decided it's better to buy before prices shoot up and before the available inventory dwindles. These former "undecideds" are already jumping off the fence and purchasing real estate in Venice and the surrounding area.
At True Real Estate, we are Venice market experts who have years of experience in Venice and the surrounding region. We are Exclusive Buyer Agents who represent only homebuyers, and we offer the finest service you'll find anywhere. We guide you through every step of the purchasing process, and we'll answer all your questions. Contact us today and get ahead of the crowds who'll be buying luxury condos, second homes, and solid real estate investments in Venice this upcoming season. You'll congratulate yourself for getting an interest rate below 4% on your dream home in Venice, Florida. What could sound better? Call us today and let us get started working for you.