As a real estate agent in Brevard County, Florida I have some “favorite” subdivisions and condo complexes.
No, I do not steer any buyers toward these although perhaps I do write more about them like Fairway Lakes in Viera, Ravencliffe in Viera, Chelsea Park in Rockledge, for example.
As I was reviewing recent activity in the gated Suntree condo complex Carriage Park I noticed a sale in February for $80,000! This ground floor 1,376 sq. ft. unit had a single car garage and was bank owned.
Then I noticed two active listings for the same size unit – both standard sales – both listed for $129,900.
I understand a foreclosure is usually not in the same condition as a standard sale but is there a 49,900 difference?
When setting a list price its not always "apples to apples" [standard sale to standard sale] but rather "apples to oranges" [standard sale to distressed sale].