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Thursday, June 09, 2016

Heritage Isle in Viera, Florida - Market Update June 2016

Of the three 55+ communities in Viera, Florida, the largest (and newest) is Heritage Isle.  
The other two 55+ communities include Grand Isle which is very similar to Heritage Isle and the "country club community" of  Indian River Colony Club.

Heritage Isle offers anyone retiring to Florida home choices that meet most budgets including resales as well as some new construction (in last phase, hurry).

Ideally situated near shopping, medical facilities, parks, major routes, golf courses and much more, Heritage Isle offers condominiums (all two bedroom two bath) and patio style homes (approximately 1,200 - 1,500 sq.ft. one car garage) as well as single family detached units.
What is currently for sale at Heritage Isle in Viera? 

As June 2016 begins there are sixteen homes currently listed for sale in Heritage Isle with list prices ranging from $205,900 to $399,900.
Five of the highest priced homes are priced above $300,000.  The lowest two priced homes are patio style homes ($205,900 - $208,000).

If there was an "average home for sale in Heritage Isle" it could best be described as a three bedroom two bath two car garage priced in the $240,000 - $260,000 range (six listings in this range).

Prices are climbing  throughout the county.  Heritage Isle is not an exception.  Also an indicator of the market - all are standard sales.

Single family detached homes for sale at Heritage Isle range in size (sq ft under air) from 1,594 to 2,600.   Nine of the homes are over 2,000 sq.ft. in size.   Homes for sale were all built between 2004 and 2014.

What is currently selling at Heritage Isle in Viera?

There were thirty five single family homes sold over the past six months in Heritage Isle.  Between May 1 and June 9, 2016, there were seven single family homes sold.  Selling prices ranged from $205,000 to $365,000.    There are also another twelve homes under contract awaiting closing.

This range is a little misleading as the lowest priced home was a foreclosure.  The other six homes sold for $248,000 - $365,000.  Excluding the foreclosure sale the average sales price for these latest sales was about $282,000.

For information on homes for sale in Heritage Isle, Grand Isle or Indian River Colony Club, please call or text me at 321-693-3850.

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