One of the markets that this lower inventory will squeeze is the 55+ communities including Viera's three 55+ communities: Heritage Isle, Grand Isle and Indian River Colony Club.
Here are several articles about the 55+ communities in Viera.
The current single family home inventory in Viera's 55+ communities stands at 27 today (12/11/14). The listing prices range from $130,000 (IRCC) to $414,900 (Heritage Isle).
By the way the inventory is down in Viera's 55+ communities with Grand Isle only having one current active listing ($225,000) and thirteen for sale in Heritage Isle.
Read here: December 2014 Heritage Isle Market Report (Inventory and Recent Sales).
Indian River Colony Club only has thirteen active listings with prices from $130,000 to $329,000. The highest priced home is not the norm for IRCC with all other listings priced at or below $195,000.
There have been six homes sold in Indian River Colony Club since November 1, 2014. Selling prices ranged from $108,000 to $165,000.
Anyone considering moving to Brevard County should take a look at Viera. Its central location is ideal for commuters to Melbourne, Kennedy Space Center or even Orlando. Viera offers great shopping, easy access to Orlando, lots of recreational opportunities, excellent schools for families with children, several golf courses(4 nearby), easy access to Patrick Air Force Base, restaurants, the Brevard Zoo and health care facilities including the newer Viera Hospital.
For information on homes for sale in Viera, Florida including the 55+ communities if Indian River Colony Club, Heritage Isle and Grand Isle can call me at 321-693-3850 or send me an email.