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Saturday, December 17, 2011

Terramore Subdivision in Viera–Builder Reduces List Prices

Terramore subdivision is a gated community in the Villages of South Solerno in the planned unit development of Viera (Melbourne, Florida).   Centrally located near excellent schools like Viera High School, golf (Duran Golf Club),  shopping, health care facilities like Viera Hospital, Terramore is a great starting point for someone moving to central Brevard County, Florida.

While reviewing the MLS for changes this morning I noticed in the Terramore subdivision in Viera (Melbourne, Florida) the builder, D.R. Horton Inc., had lowered the price of three of its under construction models.

As a comparison of previous selling prices I looked at the Terramore homes sold since May 2011.  I noticed a decrease in price from the recent re-sales.

But, this is an apples to oranges comparison?  The three homes sold since May 2011 were built by Burgoon-Berger, a different semi-custom home builder.

Many of these Viera subdivisions have multiple builders so know who the builder is when looking at homes. 

The homes sold included -
  • 3431 Terramore Drive, a 4 bedroom 3 bath, 3 car garage  pool home, former model home, built in 2006, 2,825 sq.ft. selling price $300,000. [Foreclosure]
  • 3522 Terramore Drive, a 4 bedroom, 3 bath, three car garage, waterfront home, 2,510 sq.ft. under air, 2,510 sq.ft. built in 2008, selling for $315,000.
  • 3402 Terramore Drive, a 4 bedroom, 2.5 bathroom, two car garage, built in 2009, 2,352 sq.ft. selling for $275,000.
The homes currently for sale include -
  • 2,050 sq.ft. 4 bedroom 2 bath 2 car garage @ $235,155
  • 2,548 sq.ft. 4 bedroom 3 bath 3 car garage @ $272,525
  • 2,361 sq.ft. 4 bedroom 3 bath 2 car garage @ $254,945
For information on homes for sale in Viera, including new construction in other subdivisions, please send me an email or give me a call at 321-693-3850.

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