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Thursday, December 15, 2011

Homes For Sale in Melbourne, Florida - Sonoma in Viera Market Activity in December 2011

There are currently seven active listings in Viera's gated community of Sonoma.

Two of these are short sales another indication that the active short sale inventory is decreasing.  [There are only 14 active single family short sale in Viera (west of I-95) decreasing).]

Active listings in Sonoma are priced from $289,900 (short sale) to $449,900.   These Sonoma homes are are large with all being either four or five bedroom properties.   Most also have a three car garage and all have a private pool.

Five of the six homes under contract in Sonoma at Viera are short sales – an indicator of where this development has been recently in this buyer’s market.

A further indication of where the Sonoma real estate market has been can be found by looking at the four most recent closingsall of which occurred after November 27, 2011. 

These sold properties included two short sales, a foreclosure and a single fair market sale.

The short sales were located at:
  • 2827 Mondavi Drive – 2,277 sq.ft. selling for $161,000
  • 4861 Meritage Place – 3,506 sq.ft. selling for $365,500
The foreclosure was located at 4181 Chardonnay Drive – a 1,578 sq.ft. pool home selling for $166,900.

For information on buying and selling a home in Melbourne, Florida, call me directly at 321-693-3850 or email me.

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