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Thursday, June 09, 2011

Indigo Crossing in Viera–Once the short sales are sold, what next?

Back in April I said this about Indigo Crossing in Viera, 

"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."
Now, two months later, I am going to see if things have changed in Indigo Crossing.

Let’s see…. there are now seven active listings which includes three short sales.   Four of the listings are 1,911 sq.ft. – the same as the four short sales that sold over the past three months for $138,000 to $160,000.

There are also four 1,902-1,911 sq.ft. short sales under contract with list prices of $145,000 to $170,000.

The active listings are priced at $149,000*; $194,900; $198,000; $225,000*, $219,000*; $179,000 and $187,300.  [*=short sale]  The two properties over $200,000 are larger than the others (2,200-2,300 sq.ft.).

The big question is with the last four sales around the $150,000 mark, what will buyers pay after all the short sales are gone?

I doubt the increase will be rapid or significant, if at all!

If you are considering buying or selling in Indigo Crossing in Viera West, call me directly at 321-693-3850 or email me. 

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