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Sunday, May 08, 2011

Heritage Isle in Viera: Can't Give These Condos Away?

The condo market in Viera’s Heritage Isle 55+ community seems to be more of a buyer’s market than I can recall ever! 

There has been only one condo unit sold in Heritage Isle in the past six months (four in previous 12 months). [6848 Toland Drive Unit 402 sold for $109,000 on 03/23/11]

With sixteen condo units listed as May 2011 begins, buyers do have choice – lots of choice!

Two units are priced under $100,000.  The lowest is a short sale at $89,000 (four short sales in the condo complex). Ten units are priced at $120,000 or less!

Although prices are attractive I think some buyers are hesitant to purchase with condo association fees currently over $400 a month.  Association fees for a patio style home (similar price) is just shy of $300 a month! The differences in association fees between condo complexes and townhouse complexes is sometimes confusing to buyers.

For information on homes and condos for sale in Heritage Isle, call me directly at 321-693-3850 or email me.

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