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Sunday, November 04, 2012

In Viera and Suntree (Melbourne, Florida) the Number of Distressed Properties For Sale Decreases in October 2012

In Viera and Suntree (Melbourne, Florida) the percentage of the single family home market comprised of distressed properties (short sales and foreclosures) is shrinking considerably.

In Viera and Suntree (as of October 30, 2012)
  • Approximately 12% of active listings are distressed properties
  • Approximately 30% of single family homes under contract are distressed properties
  • Approximately 16% of single family homes sold in October 2012 were distressed properties
In October only six of thirty seven sales were distressed properties.

My guesstimate is  the percentage of future sales comprised of distressed properties will continue to be less as only 31 of 255 homes for sale in Viera and Suntree are listed as distressed properties - definitely good news for sellers!

If you are considering buying or selling a home in Viera or Suntree, including the 55+ communities of Heritage Isle and Grand Isle, give me a call at 321-693-3850 if I can assist in any way.

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