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Monday, October 09, 2017

Indian River Colony Club in Viera, Florida - Homes For Sale - Market Report October 2017

Presented below is a market summary for Indian River Colony Club, a gated 55+ community in Viera, Florida.

There is a noticeable price difference in home prices within IRCC and the other 55+ communities in Viera (Heritage Isle, Grand Isle)

It is important prospective buyers understand Indian River Colony Club is a private country club with an extensive maintenance program for each home.  Indian River Colony Club is a not-for profit corporation and not a homeowners association.  

The monthly fees are higher than the other 55+ communities because they include country club dues, club minimums and the extensive maintenance program for each home.   Read all about Indian River Colony Club here.

What is currently for sale in Indian River Colony Club?

Currently there are nineteen properties listed as actively for sale in the Brevard MLS system. All of these homes are offered as standard (fair market) sales.

List prices for these homes range from $135,000 to $289,000.  Most of these homes were built between 1988 and 1994 although there is one home that was constructed in 2017 (new construction is rare within IRCC).   Median listing price is $174,500.

Home sizes offered vary from a 1,179 sq.ft. 3 bedroom 2 bath 2 car garage home to 2,368 sq.ft. for a 3 bedroom 2 bath 2 car garage home. 

Properties in IRCC vary greatly in price based on numerous factors such as location (golf course direct, water, proximity to club house, etc), size and whether there has been recent/major updating or renovation.

There are also another five properties under contract awaiting closing.

What has recently sold in Indian River Colony Club?

Over the past six months there have been thirty two homes sold within the IRCC community. Sales prices ranged from $100,000 to $303,500.  All of these sales were reported as fair market sales in the MLS system.  Median sale price over the previous six months was $170,000.

More recently there were nine properties sold between September 1, 2017 and October 10, 2017 as reported in the MLS system. Sales prices ranged from $100,000 to $300,000 with a median sales price of $165,000.  Of the three highest priced homes sold a couple were built in the late 1990s as well as having major updates and renovation.  All nine sales were recorded as cash transactions


For information on Indian River Colony Club in Viera, Florida call or text me at 321-693-3850.   While there is a real estate office on site it represents sellers as in their is no dual representation in Florida.

Have your own real estate agent accompany you on your first visit or inquiry so you are represented.  It costs you nothing to have your own real estate agent... and the peace of mind it offers!


agent@moving2brevard.com

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