I saw one neighborhood where the short sale homes are going in the high $100s while the highest priced homes are in the $500,000 range.
I recommend my clients buy, at the most, the mid priced home in a neighborhood, never the top priced!
So, why would anyone pay a half million bucks for a house when the guy down the street pays on 40% of the price?
I wish the sellers luck. If they sell for their price they will certainly benefit all the other buyers!
If you would like information on homes for sale in Rockledge and Viera, Florida, please let me know. Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida. Call me at 321-693-3850 or email me at agent@Moving2brevard.com.