LAURA GARCIA’S 2024 YEAR END REPORT 

VENETIA REAL ESTATE MARKET UPDATE

In 2024, we survived two major hurricanes, the presidential election, and extended 7-percent interest rates. 2024 was the first year that control of the market started to shift to home buyers. Buyers had the upper hand in negotiations as home sat on the market and sellers’ desperation grew. The realization that interest rates would not fall caused more potential buyers to stay put and make their current home (and 2.5% mortgage rate) work. As the pool of home buyers decreased, numerous real estate markets grew to 6 months or more of available inventory. These current trends are expected to continue into 2025.

Venetia Fast Stats

43 Days. Properties sold slower in 2024 compared to 48 days in 2023.

$220 Average Price Per Square Foot. The average price per square foot decreased from $221 in 2023.

30 Total Sold Properties in 2024. 2024 saw a increase in inventory sold – 26 properties sold in 2023.

5.5 Months of Available Inventory. 2024 saw a increase compared to 4 months of inventory in 2023.

VENETIA STATS BY DWELLING TYPE

Single Family Average Sales Price: $435,624

Condo Average Sales Price: $171,186

Current Listings: 2 Active Listings. 1 Pending Listings.

* All data is based on information from the NEFAR MLS as of 1-9-2025.

How did Venetia fare in previous years?

Check out the 2023 market report here.

Check out the 2022 market report here.

Check out the 2020 market report here.

Check out the 2019 market report here.

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