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Tuesday, September 17, 2013

Auburn Lakes in Viera East - Market Report September 2013

Auburn Lakes in the "Villages of Viera East" features homes primarily built around 2003/2004 with most having a living area between 1600 and 1920 square feet with two car attached garages.

This location is convenient as it is within walking or biking distance of Ralph Williams Elementary School, close to the Viera East Golf Course, shopping and entertainment.

Only minutes to the Space Coast Stadium, Brevard County Courthouse complex, excellent restaurants and more, Auburn Lakes offers affordable living in one of Brevard County, Florida's most popular areas - Viera.
 Currently there are only three active listings in Auburn Lakes as of September 17, 2013.  List prices range from $175,000 (3 bedroom 2 bath 2 car garage with 1,905 sq.ft.) to $224,900 ( 4 bedroom 2 bath home with 1,911 sq.ft. under air).  All three of these "regular" sales were built in 2004.

Activity has been steady within Auburn Lakes as there are nine homes under contract with four of these being distressed sales (three short sales).

Over the past three months there has been only one sale in Auburn Lakes - a 3 bedroom 2 bath home which sold in August for $225,00.

The lack of recent sales in Auburn Lakes is a reflection of the limited inventory - not a lack of motivated buyers.  This home was only on the market for 8 days and sold for more than 98% of list price.

For information on homes for sale in Viera including the Auburn Lakes subdivision call me at 321-693-3850 or send me an email.



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