Venice Florida Homes Condos Waterfront Beach Golf Real Estate Foreclosed Bank Owned Foreclosure Retirement Retire

Venice Florida Homes Condos Waterfront Beach Golf Real Estate Foreclosed Bank Owned Foreclosure Retirement Retire
Venice fl real estate / Elke von Oertzen
Inventories edge higher as banks increase foreclosures By Michael Braga, Herald-Tribune Wednesday, November 16, 2011
The following analysis was provided by Peter Crowley of the Re/Max Alliance Group:
This month we continue to see the recent trends in both listing inventory and pending sales activity. The listing trend shows an increasingly smaller listing inventory, which traditionally would suggest a pending increase in home prices. However, the inventory of bank-owned or Real Estate Owned (REO) property is beginning to edge higher with recent indications that banks are beginning to release more distressed inventory into the market. Time will tell if this will lead to further price deterioration or simply leave prices flat due to the increased demand in our market.
Pending sales activity continues a steady increase, which indicates a strong season ahead. If the anecdotal evidence from real estate agents and amount of traffic already on local streets is any indicator, expect to see pending sales continue to grow.
RE/MAX Alliance Group activity continues to show strong performance when comparing 2011 to last year. RE/MAX experienced a 61% increase in sales volume and a 30% increase in transactions when compared to October in 2010. Year to date, RE/MAX Alliance Group is almost 30% ahead in sales volume and 25% ahead in transactions compared to 2010.