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Friday, September 10, 2010

Sonoma in Viera Florida – Short Sales Dominate Market in Brevard County Florida

August 2010 sales data for the gated community of Sonoma in Viera (Melbourne, Florida) reveals Sonoma in Viera has more short sales than regular listings.

As of today there are 12 active listings in the Sonoma development with seven being short sales.  

Listing prices in the Sonoma neighborhood vary greatly from $179,900 to $459,000.  These prices are reflective of the variety of single family homes in Sonoma as well…from 1800 sq ft to more than 3600 sq ft under among the active listings!

Another cause for the variation is likely some of these homes are on streets that back to Interstate 95 although there is a wall.

Most of these houses were built at the end of the real estate run up and a lot of buyers of these 03-06 models paid top dollar up into the 400-600K range.
And now…at or near the bottom there are opportunities in Sonoma as shown by 12 active listings being priced at or below $250,000!
Sonoma offers gated living in a planned unit development offering pools, bike paths, parks, nearby golf, excellent neighborhood schools, a new hospital and more. Call or email me to check out homes for sale in Sonoma and all of Viera Florida!

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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