I think you mean Waterside condos at Bird Bayâ€¦
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 buyerâ€™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 itâ€™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 â€œlowballâ€ 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
Visit our Suncoasteam Blog for discussions about local real estate trends and reports on prices of land and homes in our areaâ€¦ and you can leave your own comments or ask questions.