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Wednesday, August 13, 2014

Heritage Isle in Viera Florida - Are Prices Increasing in this Melbourne Florida 55+ Community?

Are the selling prices of single family homes in Viera's gated 55+ community of Heritage Isle going up?   A review of the Brevard MLS system shows that during the period of December 1, 2013 through July 31, 2014 there were 50 recorded closings of single family homes in Heritage Isle.

Of these fifty sales there were fifteen built in 2014 with an average selling price of around $240,000.  The home choices in Heritage Isle vary greatly so the selling prices reflect that variability.

The average selling price in June/July 2014 was about $260,000 while the average selling price in April/May 2014 was $212,000.  And then in February/March 2014 it was $255,000.

From this you can see there is no easily discernible increase It all depends on the house.   Look at what has sold since the beginning of July 2014:

Since July 1, 2014 there have been four single family homes sold in Heritage Isle with sale prices between $255,990 and $410,000.
  • 6451 Ingalls St - A brand new construction Lennar built 3 bedroom 3 bath two car garage home with 2,032 sq ft sold for $255,990
  • 3524 Gurrero Dr - A  Burgoon Berger built 2007 3 bedroom 2 bath 2 car garage lake front home with 2,207 ft sold for $310,000
  • 3443 Carambola Circle - A 2005 built two story 5 bedroom 4 bath three car garage lake front pool home with 3,200 sq ft under air sold for $410,000. 
  • 6011 Ingalls St -  A brand new construction Lennar built 3 bedroom 3 bath three car garage home with 1,930 sq ft sold for $274,990.
There were four townhouse/patio homes sold since July 1as well with selling prices between $153,900 and $179,940 (average price around $177000)

So what is currently for sale in Heritage Isle?    There are ten single family homes for sale in Heritage Isle.   The list prices range from $219,900 to $433,900.   Six of the ten listings are priced above $289,000  and have at least 2,300 ft under air with 3 or 4 bedrooms.  The other four listings are 2,015 sq.ft. and less (smallest 1,697 sq.ft.).

So are prices increasing at Heritage Isle in Viera?  Possibly.  One thing is certain - they are not getting lower!

For information on homes for sale in Heritage Isle, please give me a call at 321-693-3850 or send me an email. 

agent@moving2brevard.com

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