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Saturday, November 07, 2015

Condos for sale in Viera, Florida for $49,000....

Condos for sale in Viera for $49,000.... really? 

I recently received an inquiry from someone who was told by a friend condos could be bought in Viera, Florida with golf course views for under $50,000!  

Let me put this rumor to bed right now...not happening.

There was this one HUD foreclosure one bedroom one bathroom 679 sq.ft. third floor unit in a complex that does not have an elevator which did sell for $58,000 in September as an auction property.

But for the remaining 58 condos sold in the Viera, Florida area for the past six months the prices were from $75,000 to $167,000.   Of these 58 condos sold,  there were 15 units under $100,000.  

So what are the prices for the condos for sale in the Viera, Florida area in November 2015?

There are ten condos for sale in Viera and the immediate surrounding area right now.  There is one bargain HUD foreclosure that listed a few days ago for $65,000.   Like the previously mentioned low sale it is another one bedroom one bathroom 679 sq.ft. unit.

The remaining condos for sale in Viera are priced from $99,000 to $180,500.   The lowest priced unit is another one bedroom one bathroom.

The rest are priced from about $115,000 and upwards.  Almost all of these are two or three bedroom units with two bathrooms.   Some are located in gated communities.  Some of the units are have garages as well while most are open parking.   Most of the condo fees are in the $250 to $300 per month range as well.

Condo units are selling in Viera as there are another seventeen units under contract and awaiting closing.

The caller did the right thing... contact a local knowledgeable real estate agent to find out what the market is really like.  

Many times the information available on the mega real estate sites is incorrect.  If you go to local property and tax offices the current sales are not entered for some time after closing.

What is the real estate market like in Brevard County, Florida?   Inventory is steady, prices are rising with the median days on the market around 30 days.

What will the Brevard County, Florida real estate market be like in 2016?   No one knows for sure although I read a report yesterday that indicated the expectation for next year was an increase of about five percent in prices.

Ready to buy a condo or house in Viera, Florida?  Call or text me at 321-693-3850 or send me an email.

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