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Saturday, September 18, 2010

Ravencliffe in Viera Florida - Foreclosures and Short Sales are Selling But What about the Rest?

Ravencliffe, an exclusive gated community in Viera (Melbourne, Florida, offers home owners custom built homes at affordable prices.  But, the only properties selling are the bank owned and short sales!

In August there were only two closings in Ravencliffeone short sale and one foreclosure. One 2,315 sq ft sold (4 BR 2.5 bath with pool) sold for $290,000!  The other property, bank owned, was 2,415 sq ft 4 BR 3 bath) sold for $255,000. There is one other property under contract awaiting closing which is also a foreclosure! 

There are eight active listings in Ravencliffe in Viera  priced from $339,900 to $579,900.  None of these properties is considered distressed (no short sales or foreclosures).

Sellers of houses in Ravencliffe must ask themselves what impact these recently sold distressed properties will have on their ability to sell at the current prices. 

By the way, five of the eight active listings in Ravencliffe are priced under $4000,000 so the prices are still very attractive!

In Ravencliffe, as well as any other neighborhood, the market (buyer) sets the selling price. It is up to the seller to decide if the market price is worth selling.

For information on homes for sale in Ravencliffe in Viera (west of I-95), cal me directly at 321-693-3850 or email me.

Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region.

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