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Sunday, February 03, 2013

Indian River Colony Club in Viera, Florida - January 2013 Market Activity

As February begins here is a summary of the January 2013 activity at Viera’s gated 55+ community of Indian River Colony Club.   

Inventory remains high with 64 residential listings – 3,half duplex homes, the remainder single family detached.  Listing prices range from $85,000 to $229,000 with square footage ranging from 1,222 sq.ft. to 2,699 sq.ft.

There were three homes sold in IRCC in January 2013.  These homes were on the market an average of 133 days.  Of the 64 active listings only 13 have less than 100 days on the market with most being on the market more than 200 days.

There are reasons homes do not move as quickly in IRCC than at the other 55+ communities in Viera.   IRCC is different than the other 55+ communities.

First of all, homes in Indian River Colony Club are older.  All 64 active listings are frame construction and were built between 1988 and 1997.   This is different from the other two 55+ communities in Viera (Grand Isle and Heritage Isle) where the homes are more recent concrete construction.

Another major difference - the fees charged monthly.

In Brevard County the 55+ communities come with varying degrees of "maintenance free" services.  For example, in Heritage Isle and Grand Isle the maintenance provided is primarily exterior (landscaping and exterior paint).   Of course, there are services available where residents can easily get "handyman" help for a reasonable charge.

The IRCC monthly fees are for total maintenance including roofing, appliances, pest control, painting, lawn care, pressure washing and the like.  The last time I checked the monthly fees were approximately $580 to $880 depending on the size/sq.ft. of house.  There are additional optional monthly fees for golf and tennis.

The 55+ communities in Brevard County are not the same.

If you are considering relocating to a Viera, Florida age restricted community, I recommend you check them all out.  All of these communities have different "personalities!"

For information on moving to Brevard County, Florida call me directly at 321-693-3850 or click on the link below to email me.


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