City of Venice
Known as the "Sharks tooth capital of the world" Venice is home to an expansive residential area as well as a city center featuring many restaurants and shopping areas. The Island of Venice is the primary "downtown" area where music, art and BBQ festivals occur throughout the year. Considered a "beach" community where "snowbirds" from the north live during the winter months, Venice offers both affordability and great proximity to myriad options for spending one's time.
February Property sales were 39, down -29.1% from 55 in February of 2015 and equal to 0.0% 39 sales last month. February 2016 sales were at a mid level compared to February of 2015 and 2014. February YTD sales of 78 are running -9.3% behind last year's year-to-date sales of 86.
The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for February was 59, up 1.7% from 58 days last month and down -26.3% from 80 days in February of last year. The February 2016 DOM was at its lowest level compared with February of 2015 and 2014.