Tuesday, December 23, 2014

Market Update: Venice FL Homes for Sale Cash vs Finance

If you need to get a mortgage to buy a Venice FL home or condo, you'll be competing with a lot of cash buyers.

According to our MLS, in the past 90 days, there have been 229 single family homes sold with all cash terms and 217 single family homes sold with conventional, FHA, or VA mortgage loans.

CASH PURCHASES
Median sold price: $218,000
Median days to contract: 26
Median sales price % of list price:  97%

FINANCE PURCHASES (Conventional/FHA/VA)
Median sold price: $226,000
Median days to contract: 26
Median sales price % of list price: 97%

Bottom line:  Whether you are paying cash or financing your Venice FL real estate purchase, properties are selling fast and at very close to list price.  Please contact me to assist you with your real estate needs.

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