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Wednesday, April 24, 2013

Heritage Isle in Viera – The Landscape is Changing

Home sales in Viera's popular 55+ community Heritage Isle seem to be gaining steam as the warmer weather approaches with eleven residential properties going under contract since April 1, 2013 (only three weeks).

But the landscape in Heritage Isle is changing.

Of the fifteen newly contracted homes seven were listed at or below $200,000.  As of today there are fifteen active residential listings in Heritage Isle with the lowest priced unit at $211,000.

Buyers hoping for a short sale or foreclosure in Heritage Isle will not be happy to hear 14 of 15 listings are standard sales.

Since March 1, 2013 there have been thirteen closings in Heritage Isle with nine units selling for prices under $200,000.  The average selling price of the standard sales (non short sale, non foreclosure) was almost $187,000.

As the inventory shrinks and the summer buying season approaches I think it is a safe guess that home prices will continue to rise – in Heritage Isle and throughout Brevard County, Florida.

For information on homes for sale in Viera (including Heritage Isle), call me at 321-693-3850 or email me.


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