Verona Reserve Rides on Vibrant Venice Florida Home Market Reports Sarasota Bay Real Estate

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Considering the vibrant mood of the home market in Venice, Florida, substantial buying interest can be expected on the final phases of the new 55-acre Verona Reserve community wherein early reservations to the home sites at the neighborhood were opened recently, Sarasota Bay Real Estate reported. This neighborhood, launched in 2011, has one of the best locations in Venice, hugging the southwestern intersection of Jacaranda Blvd and E Venice Avenue.

Considering the vibrant mood of the home market in Venice, Florida, substantial buying interest can be expected on the final phases of the new 55-acre Verona Reserve community wherein early reservations to the home sites at the neighborhood were opened recently, Sarasota Bay Real Estate reported. This neighborhood, launched in 2011, has one of the best locations in Venice, hugging the southwestern intersection of Jacaranda Blvd and E Venice Avenue.

Its developer, national home builder Taylor Morrison, decided to begin accepting early reservations to phases II and III of the community because the first phase of the project which consists of 94 home sites was nearly sold out as of November last year. Phase II is slated for only 42 home sites while phase III is just for 29 lots.

The strong buyer interest in the Verona Reserve community is a reflection of the vitality that the Venice home market exhibited last year, Sarasota Bay Real Estate said. The full service realty firm noted that, per industry estimates, home sales in the city rose by 13 percent to 1,294 units in 2012 while the price average gained by 9 percent to $209,352 for the year.

Multifamily housing, condos in particular, had a bigger slice of the sales with ownership in 817 units changing hands, up from the 680 deals closed in 2011. The average condo price rose by 17 percent to $155,176 from $143,502. Notably, foreclosure sales in Venice totaled 149 in 2012, down by 25 percent from the 200 bank-owned sales in 2011. There’s a thin inventory of available Venice homes for sale too with only about 512 homes currently offered in the market.

The Verona Reserve, Sarasota Bay Real Estate said, is well positioned to avail of the rising activity in the Venice home market. Besides the single family homes being built in this community, multifamily villas are also being constructed in the neighborhood. The detached single family residences in this subdivision come in three designs – the Elmhurst, Fairmont, and Pinehurst – featuring floor areas of between 1,768 and 2,329 square feet.

A 2,055-square-foot, three-bedroom home in Verona Reserve built last year is currently featured in the MLS with an asking price of $267,937. The Ibis villa, Taylor Morrison’s multifamily offering in this community, measures 1,533 square feet in floor area and has a base price in the $170s. The homes in this community are built under the exacting standards of Taylor Morrison which has more than a century of experience in home construction.

The amenities in this gated, maintenance-free neighborhood include a 2,400-square-foot, resort-style swimming pool surrounded by an expansive sun deck. In addition to its cabana, the pool area also luxuriates amid lush tropical landscaping and stylish brick pavers. There’s fenced park nearby which features shaded seating areas and doggie drink fountains. Health care facilities, the YMCA, and several schools are near this neighborhood, and there is a Publix supermarket within a short walk from the Verona Reserve community. Moreover, driving for a few minutes westward via Venice Avenue will take its residents to the multiple lifestyle offerings of the city’s downtown district.

About Sarasota Bay Real Estate

Sarasota Bay Real Estate is a full service real estate brokerage in Sarasota Florida owned by Sarasota real estate broker, Christina Miller, and marketing professional, Roy Hunter. Together they, and their team of well-experienced agents, provide the best-in-class real estate marketing services for the properties in the company’s inventory.

Sarasota Bay Real Estate Internet assets receive more than 1,000 visits from perspective home buyers a day due to the wealth of local community information published by the company. Through a direct feed from the Sarasota MLS, Sarasota Bay Real Estate publishes the most current real estate information on the Internet for the Sarasota, Florida, market.

Contact information for Sarasota Bay Real Estate and all of the current MLS listings of real estate for sale in the Sarasota-Manatee area can be found at http://sarasotabayrealestate.com/

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