Happy Fall!!
Dear Friends, Family, & Colleagues:
We hope you and yours are remaining healthy and hopeful during this challenging year. We typically mail an end of summer postcard to all of our contacts, however, we have decided to send an occasional email newsletter to stay in touch with you.
Housing Update and Economic Trends
August 2020 continued a trend of declining inventory and high sales in the Venice area, fueling an already strong seller’s market. While the COVID-19 crisis slowed activity dramatically in March and April, the real estate market has rebounded in a big way. While the number of sales is only down 4.5% from this same time last year, the number of available homes has dropped by more than 35%. Inventory in the Venice area has reached its lowest levels in more than a decade, while at the same time the number of homes sold during that period is near record highs. As one might expect, the median sale price for homes in the Venice area is up 4.2% so far in 2020. Sales have been strongest in the single family home segment where median sale prices are up 6.6% so far in 2020, compared to only 1% for multi-family properties.
San Lino is a popular newer condominium community located only 4 miles to Historic Downtown Venice, the Gulf of Mexico, and is walking distance to restaurants, shops, medical offices, and more!
Two 2nd floor highly upgraded and spacious units are currently on the market and located side by side. The convenience of elevator access, private 1-car garage, 1450sf+, bonus room, storage space, and more. Click here to read more about these currently available properties: 300 San Lino Circle Unit 324 and Unit 323 Venice, Florida.
COVID implications – take time to enjoy, refocus, and plan for the future.
While the impacts of COVID have been negative for many, it is also an opportunity to reflect on the positive and refocus on what matters most to you in this world. We enjoyed just a bit of “down time” and were able to accomplish some projects around our house, discover new parks in our area, and focus on our health. Once we were able to return to the beach this past Spring we couldn’t believe how sparkling clear the Gulf of Mexico waters had become! We could see thousands of fish and couldn’t miss seeing this manatee effortlessly gliding under the Venice fishing pier heading toward the Jetty.
This year we continued to use our time to stay up to date on the latest training and educational opportunities. We both are in the process of obtaining our GRI (Graduate Realtor Institute) designation which involves over 60 hours each of advanced training. While many conferences and in person learning opportunities have been altered, we participated in the Florida Association of Realtor convention online.
Our logo and branding has been updated to portray a more modern, precise, and professional design. We strive to always bring you the highest level of professionalism, knowledge, and customer service. Click HERE to read our updated information card. Also, please visit and SUBSCRIBE to our new You Tube Channel – The Ritter Group – Gulf Shores Realty to see videos of interest here in Venice, or to see our latest properties on the market.
It’s almost that time of year, to VOTE for the BEST OF VENICE 2020! Did you know we have been nominated or won BEST REAL ESTATE TEAM (The Ritter Group) since 2015 and BEST REAL ESTATE AGENT (Matthew Ritter, P.A.) since 2017? It is now easier for you to vote online at The Venice Gondolier, so keep a look out as we will email you a direct link to remind you to VOTE! Online voting will take place between October 21-November 11.
Over 93% of our business comes from reviews, referrals, and repeat customers like you! We thank you and appreciate you remembering us for any and all of your real estate needs. Please continue to stay in touch, we love hearing from you!
All our best,
Matt & Jessica Ritter
The Ritter Group – Gulf Shores Realty
Capri & Sal
