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Friday, November 11, 2011

Hammocks Lakes East and Hammocks Lakes West–West Melbourne Florida Subdivision Market Report November 2011

This must be a good sign as there are currently no homes for sale in West Melbourne, Florida’s Hammocks Lakes East and Hammock Lakes West development.  On the other hand it may not be a good signal that the six properties under contract are all distressed properties (short sales or foreclosures)..

Still it is good to know what is currently under contract or has recently sold in the development - especially if you are considering selling your Hammock Lakes home as this will be your price as well – give or take a little.

What has sold since September 2011 in Hammock Lakes East and Hammock Lakes West? 

Two homes have sold Hammocks Lakes East – a short sale and a foreclosure.  The only home sold in Hammock Lakes West was a standard/fair market sale.
  • 2555 Tuscarora Ct (Hammock Lakes West) – A 3 bedroom 2 bath 3 car garage home with 2,203 sq.ft. built in 2004. Listed for $209,900 and sold for $206,000. Granite, 10 ft. ceilings, on pond/lake.  Sounds very nice. Standard Sale. Closed 09/23/11
  • 2453 Glasbern Circle (Hammock Lakes East) – A 3 bedroom 2 bath 2 car garage home with 1,692 sq.ft. built in 2005. Listed for $137,900 and sold for $137,000.  Foreclosure.  Closed 09/30/11
  • 185 Sedgewood Circle (Hammock Lakes East) – A 3 bedroom 2 bath 2 car garage home with 1,744 sq.ft. built in 2004. Listed for $125,000 and sold for $123,000. Short Sale Closed 09/16/11
Currently there are six homes under contract- four in Hammocks Lakes West and two in Hammocks Lakes East.  Five of these are short sales listed between $119,000 and $204,900.  The foreclosure is in Hammocks Lakes West and is listed for $269,000.

The final selling prices for these distressed properties in Hammock Lakes will likely not be too far off!


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