08 November 2011

Market Update

There are presently seven homes in Venetian Estates actively on the market. The prices range from the mid $400,000's to almost $1,000,000. FBRE has two "quiet" listings available to be shown upon request. The home located at 103 Savoy Street is in "option pending" and the buyers' inspection should be completed this week.

Twelve homes in the neighborhood have sold and closed so far this year. Land value prices on several of these homes range from a low of $260,000 to well over $500,000. MLS recorded home sales this year have been as high as $770,000.

Many extensively remodeled homes, several new homes, and homes presently under construction often exceed values of well over $1,000,000. If you would like a more complete analysis of the area please contact Susan Friedman at Susan@fbre.net or 281-242-2200.

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