Tuesday, March 04, 2008

Auburn Lakes (Viera) Market Report

This started out as an activity report for the Auburn Lakes subdivision for February 2008. However I decided to initially introduce Auburn Lakes and then talk about what has sold, is for sale, etc.

First of all if you are not familiar with Viera, you will find Auburn Lakes on the east side of Interstate 95 in Viera in the "Villages of Viera East."

This development features homes primarily built between 2003 and 2004. The most common living area of the homes is between 1600 and about 1920 square feet with two car attached garages.

The location is great as it is within walking or biking distance of Ralph Williams Elementary School. Also, close by is the Viera East Golf Course and other great shopping and entertainment areas.

Only minutes to the Space Coast Stadium, Brevard County Courthouse complex, excellent restaurants, the Indian River and several great golf courses! Auburn Lakes does offer a great neighborhood with plenty of nearby amenities. Auburn Lakes has a great community pool for its residents and the nearby community park offers basketball, tennis, volleyball, a playground and more. With lots of conservation areas as well, you are not in a concrete jungle!

So what is on the market in Auburn Lakes?

There are about 11 properties actively listed for sale. During the month of February a couple of properties did go under contract. Prices in Auburn Lakes now run the range of $175,000 to $299,000 - amazingly good prices compared to the highs of several years ago!

A couple of comments about these active listings. The $175,000 price involves a short sale listing. These involve negotiation with a third party, usually a bank. The $299,000 price seems a little high for the neighborhood...my opinion!

I am sure there are a couple of FSBO (for sale by owner) homes out there as well. Thinking about buying a FSBO? Shop around. Use a real estate agent even to approach a FSBO! Most FSBOs will pay the real estate agent commission and you, the buyer, get representation!

Interested in Viera homes? Considering selling a Viera home? Please give me a call at 321-693-3850 or email me at agent@moving2brevard.com .

Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Melbourne Florida (located in Viera next to Denny's)!