What is Mkt conditions for condos in Venice, FL. EX. Watrerside Village off Jacaranda built in '96

Asked by Stan, Massachusetts Mon Nov 19, 2007

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James Mullig…, Agent, Port Charlotte, FL
Mon Nov 26, 2007

I think you mean Waterside condos at Bird Bay…

There are currently 3 condos listed for sale in Waterside with a price range of $237,500 to $259,900. The MLS has no recorded sales there all year.

Needless to say, it is a buyer’s market. Contrary to much of the media buzz, there are willing buyers but they want to be sure that that will not pay too much. That is a reasonable expectation and sellers who have owned a property for at least three or four years are probably in a position to sell without getting hurt.

There are currently 868 condos listed in the Venice MLS for sale. There are simply many great choices and it is not unreasonable to expect to find a newer unit with an asking price 25% lower than it’s peak a year ago. Buyers are shopping and they are finding some irresistible deals. This should cause prices to stabilize.

If you are a buyer, work closely with your agent to analyze all similar properties currently offered in the area. Make your offer based on this analysis.

If you are a seller, analyze your property in the same manner and offer it for sale at a fair price. This way you will sell in reasonable time and avoid wild variation (so called “lowball” offers) from your asking price.

If I can be of further assistance, give me a call at 941-456-3034 or visit our website: http://www.searchsuncoast.com for free access to all MLS listings.

You can also click here: Condos For Sale In South Venice, Florida to see all Venice condos.

James B. Mulligan, Licensed Real Estate Broker

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Visit our Suncoasteam Blog for discussions about local real estate trends and reports on prices of land and homes in our area… and you can leave your own comments or ask questions.
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1 vote
Shannon Moore…, Agent, Port Charlotte, FL
Tue Aug 19, 2008
Hi Stan,

Did you buy a condo in Venice? Where did you end up buying-Waterside Village? We'd love hear you how you like the Venice area if you bought there.

Shannon Moore, Realtor
Re/Max Anchor Realty
0 votes
Bill Eckler, Agent, Venice, FL
Thu Aug 14, 2008
As far as the status of the market for your area of interest today.....we have seen an increase in activity for those listings that are priced accurately and represent a true reflection of the current real estate market.

The "Eckler Team"
0 votes
Bill Eckler, Agent, Venice, FL
Sun Feb 3, 2008
We have information on newer condos(2003-2007) at lower prices than those in Waterside Village and would be happy to provide additional information on them. Please let us know.

The "Eckler Team"
Century 21 Almar & associates
100 W. Venice Ave.
Venice, Fl 34285

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