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Current Brevard County Real Estate News

Indian River Colony Club in Viera, Florida - Market Update October 2015

01 Oct 2015 16:00:03 PD

There are three gated 55+ communities in the planned unit development of Viera - Grand Isle, Heritage Isle and Indian River Colony Club.   This market report covers IRCC only however here are links to recent market reports for Grand Isle and Heritage Isle.   Market Report for Grand Isle in Viera September 2015 Market Report for Heritage Isle in Viera September 2015There are currently thirty homes for sale in Indian River Colony Club.   List prices range from $139,000 to $324,000.   While this range seems high there is actually only one property priced above $320,000 and one other above $250,000.Of the thirty homes listed eighteen are priced below $180,0000.   Most of these homes were built between 1988 and 1993 and have a median size around 1,900 sq.ft. under air.   Most homes are three bedroom two bath two car garage properties.  Size varies from 1,179 to 2,506 square feet under air.  There is plenty of activity going on in IRCC with nine homes currently under contract.   Since August 1, 2015 there have been six homes sold with selling prices ranging $104,000 to $200,000.  One of these sales was a foreclosure (no surprise it was the lowest priced home).  Average selling price (excluding the foreclosure) was about $175,400.Homes sold in August and September included:1384 Pilgrim Ave -  1,616 sq.ft. built in 1989, 2 bedroom 2 bath 2 car garage Bangor model sold for $145,0001200 Mayflower Ave - 1,880 sq.f.r 2 bedroom 2 bath 2 car garage Bangor model built in 1989 sold for $104,0001451 Goldrush Ave - a 1,886 sq.ft. 1995 built 3 bedroom 2 bath 2 car garage Phoenix model sold for $200,0001094 Continental Ave - 1,894 sq.ft. 3 bedroom 2 bath 2 car garage Raleigh model , 1990 built home sold for $192,0001755 Independence Ave - 1994 built 1,904 sq.ft. 3 bedroom 2 bath 2 car garage Phoenix model sold for $180,0001520 Independence Ave - 2,480 sq.ft. 1994 built 4 bedroom 2.5 bath 2 car garage Hartford I model home sold for $160,000Below are some articles about IRCC and the other 55+ communities in Viera, Florida55+ Developments in Viera, Florida Indian River Colony Club - Not Your Usual 55+ Community 55+ Communities in Viera - Similarities and Differences Heritage Isle and IRCC - These Two 55+ Communities Are Different! Why would someone choose Grand Isle over Heritage Isle?55+ Living Does Not Mean Living in a Tiny Box! For information on buying a home in Heritage Isle, Grand Isle or Indian River Colony Club in Viera, Florida, call me at 321-693-3850 or send me an email.


Grand Isle in Viera, Florida - Market Update September 2015

30 Sep 2015 13:00:02 PD

In the past six months nine homes have been sold in the gated 55+ community of Grand Isle.  Grand Isle, located in the planned unit development of Viera, Florida is comprised mostly of single family homes constructed in the 2001-2004 years. Grand Isle is smaller than the newer Heritage Isle 55+ community also located in Viera.  Read my September 2015 Heritage Isle market report here.Since August 1, 2015 there have been five properties sold (3 in the month of September).   The average selling price over the past six months has been around $262,000.Recent Grand Isle homes sale include (extracted from Brevard MLS system): 1581 Perdido Court - a 2004 built 3 bedroom 2 bath 2 car garage home with 2,107 sq.ft. sold for $231,500 (09/28/15).1392 Keys Gate Dr - a 2001 built 2 bedroom2 bath 2 car garage home with 1,545 sq.ft. sold for $207,000 (09/25/15)1566 Grand Isle Blvd - a 2004 built 4 bedroom 2 bath 3 car garage pool home with 2,178 sq.ft. sold for $325,000 (09/01/15)1562 Keys Gate Drive - a 2002 built 2,011 sq.ft. 3 bedroom 2 bath 2 car garage home sold for $260,000 (08/31/15)1514 Timucuan Drive - a 2001 built 2,011 sq.ft. 3 bedroom 2 bath 2 car garage home sold for $270,000 (08/14/15)Currently there is only one home listed for sale in Grand Isle.   The listing is a 2,465 sq.ft. 2003 built 4 bedroom 3 bath 2 car garage lake front home listed for $325,000.Here are several articles about the 55+ communities in Viera. Indian River Colony Club - Not the "usual" Florida 55+ community.There is a difference in 55+ communities.How to choose a Florida 55+ community.Downsizing to a 55+ CommunityHeritage Isle - Viera's Premier 55+ Community.  If you are considering a 55+ community in Florida both Grand Isle and Heritage Isle are well worth consideration.   For information on homes for sale in Viera, Florida, give me a call at 321-693-3850 or send me an email.


Home Seller Tips: What You Need and What You Get...

29 Sep 2015 16:00:03 PD

Over the weekend I watched a few television shows about buying and selling homes in between football games.   I am not even sure what the shows were called but I did hear something very similar in two of the shows.In both cases people selling their current home in order to buy another home said "I need to get this."  Both times sellers were basing their new budget on what they had to receive.It is probably a rare occurrence when the "need to get" and "get" amounts are actually equal.More importantly the amount received is totally independent of any amount needed to satisfy budget requirements for the next house.   Buyers do not care what a seller needs but rather only what they are willing to pay.While the net proceeds from the sale may be applied to the new home sellers can rarely determine in advance of the sale any specific amount unless there is positive equity.    As for planning purposes your real estate agent should be able to take your projected sales price along with mortgage, tax and selling expenses and project relatively closely your net proceeds. If you are ready to sell your Viera, Florida home, here are ten articles that may be of assistance.Twelve Articles to Help Your sell Your Florida HomeSigns Your Home is Not Priced Right.Don't Forget About Safety When SellingHow to Not Sell Your Florida HomeMinimize Your Exposure to Loss When Selling Your Florida HomeWhat is a Comparable Market Analysis?What is Wrong With a Listing Price Ending With "999"? What is the Price of Memories?10 Common Sense Rules For Buying (or Selling) a HomeWhat Do You Do If Your House is Just Sitting?When you are ready to sell your Viera, Florida home, call me at 321-693-3850, please.Why should you call me to sell your Viera, Florida home?  Because I promise to deliver the results you seek.  I know that you have other options.   I value your time and business.   I know that just because I may sell your Viera home it does not mean you will ever call on again or recommend  my services to another consumer.  It is all about your experience.


To-Do List for First-Time Home Buyers

29 Sep 2015 06:31:24 PD


Timing Your New Home Purchase - Can you accurately predict?

25 Sep 2015 14:00:04 PD

Timing the purchase of a home can be a challenge.   The challenge is a little greater when one is in a lease.  What if one has six months left on the current lease?In an ideal world one could work backwards.  Say 45 days to close after contracting (inspections, mortgage approval, survey, etc.) and about a month to find the target property.  In the ideal world  it would seem about three months to find and close the transaction and move in.  But this is not an ideal world.What happens if you do not find the house within the parameters above?   If your lease can be extended on a month to month basis then there is no problem.  Then there are some landlords that will charge a new higher fee on a month to month term or prefer to get a new 12 month tenant.One of the key steps a renter can do now before ever looking is to check with your landlord and find out if there are any "outs" now or if you find a house before the end of your lease.   Most leases have an early termination provision although most have penalties.   I have seen some leases where the early out provision required two month's rent or continued payment of rent until a new tenant has moved in. So talk to your landlord about arrangements to end your lease just in case.  Very often a good relationship with a landlord will translate into a willingness to work with you.I believe it is a good idea to put the home purchase wheels in motion at least six months out at a minimum.   This provides time for research, mortgage inquiries and finding your real estate agent.  In the current Brevard County. Florida residential real estate market waiting to find your new home could be a costly wait.  Prices are rising every month month.  While interest rates are very attractive now what happens when interest rates rise? They will - eventually.Here are ten articles that discuss the home buying process I have previous posted on my blogs.  Please read and let me know if you have a question or a suggested topic.Are you buying a home or just browsing?Mortgage Pre-Approval and Mortgage Pre-Qualification - Different Animals!Home Buying Process - Is it really that difficult?Searching for Your Home - Bracket Your Desired Price and See What Happens!Know what the seller thinks about closing time frame.Don't Spend Too Much - Your Realtor Will Not Be Paying the Mortgage!Qualified For is Not The Same As Must Spend! How Long Does It Take to Close?Home Buyer Strategies in a Seller's Market.From Contract to Closing in (About) Twenty Steps.If you plan to buy a Melbourne, Florida home in the next year, call me at 321-693-3850  or ...Image courtesy of steafpong at

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Gary Waters

3270 Suntree Blvd #2218
Melbourne  Florida 32940

321-693-3850 (direct)

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