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Tuesday, June 07, 2011

Viera, Suntree and Rockledge, Florida Home Sales in May 2011

Viera, Suntree and Rockledge, Florida Home Sales in May 2011 were consistent with April 2011 sales with 89 residential units sold in May (87 in April).
The average selling price for all sales in Viera, Suntree and Rockledge in May 2011 was $220,389. The average median selling price was $177,000 with the average days on the market (list to contract date) at 122 days for all residential sales.

Perhaps a good sign for the Viera and Rockledge market is there were fewer distressed properties sold in May than April 2011 with 14 short sales and 10 foreclosures selling in May.  During April there were 18 short sales and 15 foreclosures sold.

As is always the case, the days on the market were greater for distressed sales with short sales being 170 days and foreclosures at 223 days on the market.  It is also no surprise the average selling price for short sales ($207,271) and foreclosures ($143,989) was lower than the fair market sales.

The small difference between selling price for all and selling price for short sales does show the short sale is not a fire sale but rather a modest discounting.  For information on homes for sale in Viera, Suntree, and Rockledge, Florida email me or call me directly at 321-693-3850.

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