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Friday, January 02, 2009

Short Sales in Viera, Suntree and Rockledge, Florida

There are still a lot of opportunities with "short sale" properties in the Viera, Suntree and Rockledge, Florida areas.

IShort sale signt is interesting to note that of the 86 active listings in the Viera, Suntree and Rockledge areas only 5 have been in the Brevard MLS system for less than 30 days. A check of days on the market 31-60 days reveals 11 properties listed during that time period.

It looks as if the short sales entering the market are slowing - at least in these central Space Coast areas! It will be interesting to check next month and see if this hypothesis holds true!

During December there were 7 short sale properties that closed and another 28 remain under contract! Hopefully this will help in getting the total single family inventory down. [There are 690 single family homes listed as "active" in the Suntree, Viera and Rockledge areas as of this afternoon so less than 13% are short sales.]

A few more facts about the short sales in these areas.

  • prices of the active properties range from $59,900 to $999,900.
  • In the Viera area alone the prices of 38 active listings range from $115,000 to $999,900
  • 48 properties in all the areas are priced under $200,000!

If you are looking for a short sale opportunity, then this central Brevard area is probably worth checking out. If you would like information on any properties for sale in Viera, Suntree or Rockledge, please give me a call at 321-693-3850 or email me at gwatersc21@aol.com

Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida.

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