January 2012

DECEMBER VENICE SALES …

See below for a list of all of the properties sold in Venice during December 2011 and the charts showing the comparisons.

Sales are for all of Venice and do not necessarily represent sales of CJ & Jay Cole. Information is compiled from DataQuick and the MLS/CLAW. Sources are deemed reliable; however, no representation of any kind is made as to its accuracy.

VIEW THE VENICE PROPERTY SALES FOR THE PAST 12 YEARS

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COMPARED WITH LAST MONTH AND A YEAR AGO …

2011 SALES AS COMPARED WITH THE PREVIOUS 7 YEARS ..

A look at the annual figures for the last 8 years (graphs below) it shows that both the yearly sales volume and the number of single family homes sold a year hit their bottom in 2009 with a steady year-over-year increase in 2010 and 2011. The average sales price and price per square foot, even though declining slightly, has remained fairly steady at the 2009 levels. THIS COULD SIGNIFY THE END OF OUR "DOWN MARKET."

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VIEW MORE STATS & GRAPHS ON OUR FACEBOOK PAGE

KNOW RISKS WHEN FORGOING INSPECTION CONTINGENCY …

Surprise defects can compromise a homebuyer’s deposit.

Think again if you’re considering buying a home without having it inspected. This particularly applies to first-time buyers who have little, if any, experience with home defects and repairs. Even professionals can make mistakes when buying homes without having them thoroughly inspected.

READ THE ARTICLE …

11 MUST-KNOWS ABOUT EARLY MORTGAGE PAYOFF …

Q: Will I save money if I make my regular monthly payment early ?

A: No, paying early merely allows the firm servicing your loan to earn interest on your money until the payment due date. This is not the case, however, if you have a simple interest mortgage (SIM). Because it accrues interest daily, the earlier you pay a SIM, the more interest you save.

READ THE FULL STORY …

FIVE ISSUES FOR HOUSING IN 2012 …

Just as in 2011, in 2012 many will be trying to figure out where housing is headed.  While the housing market didn’t worsen in 2011, it also didn’t stabilize either.  This year, the story will be about local markets.  While many housing markets rose and fell together, they’re recovering at difference paces so talking about housing on a national level is not beneficial.

READ MORE …