Viera and Suntree (Melbourne, Florida) are not the hot beds of REO/foreclosure activity that many seem to think.
Question: How many active single family home listings are there for bank owned/foreclosure properties in Viera and Suntree?
Answer: Eight as of today, September 27, 2011.
Where are they located? Several are in the 55+ communities (two in IRCC, the other in Heritage Isle) while the remainder in the Viera East area and one in Suntree. Note there are no foreclosures west of I-95 in the newer areas of Viera.
As for short sales…there are only 33 in the Viera and Suntree areas as September ends.
If you are considering a home purchase in Viera or Suntree (Melbourne, Florida) it is highly likely you will be standard sales instead of distressed properties.
The good news - many of these standard sales are priced competitively with the short sales (not foreclosures).