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Friday, February 19, 2010

Pick any Subdivision in Viera Florida -There is Likely a Short Sale on the Market!

Pick any subdivision in Viera (Melbourne/Rockledge) Florida and chances are you will likely find a short sale.

I randomly selected four developments in Viera to see if there were short sales available.  The good news is the number of short sales on the market is less than the number of short sales currently under contract in Viera!

This is good news because the approval process can take months so with less in the pipeline maybe the market will reach some sort of balance - finally!.

 
The bad news if you are a seller in Capron Ridge, Capron Trace, Colfax Landing or Sonoma in Viera, is 75% of the properties under contract are short sales.

Short sale listings are your major competition!

For information on short sales in Viera, Suntree and Rockledge, Florida, please call me at 321-693-3850 or email me.

Gary Waters, Florida licensed real estate agent with Bucci Realty in Rockledge, Florida. I work exclusively with the real estate agents of Century 21 Baytree Realty in Rockledge providing buyers and sellers with the very best of professional real estate services!

Read my blog Observations of a Viera Florida Real Estate Agent and Florida Homes and Condos for Sale.

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