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Saturday, October 04, 2008

Capron Ridge Viera - Bargains and then the "others"

Prices fluctuate in neighborhoods but in Capron Ridge in Viera the spread is from $184,000 to $539,000. That is quite a difference between low to high prices. Of the homes listed for sale over half of those on the market are less than $250,000. Please note these are my personal observations....

Capron Ridge was built during the price hype of 2005-2007. The sky was the limit as prices were rising daily. Then the drop happened. The prices in Capron Ridge have dropped considerably. Now, my opinions..

  • Some homes are over priced!
  • 10 homes are short sales
  • 36 homes are listed in the MLS system
  • 5 homes are under contract (2 short sales)
  • Bargains can be had!

There are a lot of short sales on the market in Viera and Rockledge. These homes will be sold. Even if the banks foreclose, the banks will sell them, at some price. As long as there are short sales and foreclosures, other sellers will have to compete or just sit on the sidelines!

If you are in the market for a bargain such as a short sale in Viera or even a foreclosed property, let me know. I would welcome a chance to send you some listings, answer your questions and help you in the process.

Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge Florida (Viera area). Email me at

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