Year End Report 2020: Venetia Real Estate Market Update
The home has played a central role in 2020. As more people work from and stay home, interest in real estate has skyrocketed. More households have been on the move. However, COVID-19 has deterred some sellers from putting their home on the market; thereby, creating a shortage of inventory. As a result, home prices have increased on average 11% this year. Multiple offer situations and sight-unseen offers have become commonplace. 2020 closes an incredibly strong seller’s market.
VENETIA STATS BY DWELLING TYPE
Single Family Average Sales Price: $349,090
Waterfront Average Sales Price: $1,385,000
Condo Average Sales Price: $148,857
VENETIA FAST STATS
46 Days on Market. Properties sold 33% faster in 2020 compared to 69 days in 2019
$172 Average Price Per Square Foot. The average price per square foot increased from $153 in 2019.
39 Properties Sold Year To Date. 2020 saw a 13% increase in inventory sold.
3 Months of Available Inventory. Inventory has decreased 33% compared to December 2019.
Current Listings: 2 Active Listings. 2 Pending Listings.
* All data is based on information from the NEFAR MLS as of 12-12-2020.
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