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Monday, April 04, 2011

Indigo Crossing in Viera – Looks Like “The Price” is....

Most neighborhoods, any place you look in Brevard County or wherever, have a selling price where most of the homes fall closely within a limited range.  Sometimes there is an outlier for whatever reason but the selling price usually varies little.

For example, take Indigo Crossing in Viera, Florida in central Brevard County, Florida.

Since December 30, 2010 there have been only four homes sold.
  • First of all, they are all 4 bedroom 2 bath 2 car garage with approximately 1,900 +/-sq. ft. under air.  (This is one of those developments where there are only so many different floor plans (cookie cutter).
  • The selling prices were $155K, $160K, $160K and $150K.  Easy math here, about $156K average.
  • There are currently four 1,900 +/- sq.ft. 4/2/2 short sale properties under contract with an average listing price of $148K.
With a market where the prices are still falling a bit my guess is the price of a home in Indigo Crossing is about….$150,000 +/-  five or ten thousand depending on condition variances.

So, if you intend to sell or purchase in Indigo Crossing I am doubtful you will encounter any surprises.

There are three listings in Indigo Crossing with two of them being 1,900 +/- sq.ft. listed at $145K and $160K – both short sales.

And there is also one of those outliers – another house listed at $289,000. Sure it is a 4/2/2 but it has a pool and about 300 more sq.ft. but…

For information on buying or selling a house or condo in Viera, Florida, give me a call directly at 321-693-3850 or email me.

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