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Sunday, January 16, 2011

Grand Isle in Viera - Activity Picking Up in Viera 55+ Community

Grand Isle in Viera has suddenly become a hot bed of real estate activity over the past month with five new listings in the past 18 days and two homes selling in past 30 days!

There are currently nine homes listed for sale in Grand Isle priced $192,000 to $275,000.  Although there is only one short sale the prices are still very attractive fro this gated 55+ community!  Do not get caught up in thinking that the only good prices are to be found in short sales or foreclosures!

The two properties selling in December2010 were:
  • 1580 Perdido Ct - a 2,011 sq ft  3 bedroom 2 bath home selling for $195,000 (on market for 309 days, original list price $235,000)
  • 1767 Grand Isle Blvd - a 2,187 sq ft 4 bedroom 2 bath 3 car garage home selling for $239,500 (on market 217 days, original list price $260,000)
Original list price shown to make two points: (1) sellers negotiate and (2) days on market longer when prices reduced using rear view mirror approach in a declining market.  What would they have sold for in 60 days if the original price had been lower?  Of course, hindsight is 20/20!

There are several 55+ communities in the Viera area with Heritage Isle and Grand Isle being the most popular (Indian River Colony Club is the third).  Trying to decide which of these communities is the best for your lifestyle is the biggest decision buyers face when they choose Viera.

A couple of articles that may help a bit include: 
If a 55+ community is in your future, consider Viera. If I can assist in any way, please call me at 321-693-3850 or email me.

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