I listed a town house for sale yesterday. The price is very, very attractive. The price is less than the competing (albeit newer) properties nearby. Actually my property is listed only $7 thousand dollars more than the 1 bedroom with 530 less square feet down the street!  Still, the price is very attractive. The price is necessary.

In the Viera and Rockledge market within 2 miles of my new listing there are 65 properties for sale that are either  short sales or REO/ bank owned properties. That is a lot of competition.

In order to compete, although my listing is not a short sale, the price had to be awfully attractive.

If you are selling your home, town house or condo in the Rockledge and Viera area, prepare yourself to compete with short sales and REO - bank owned listings. That is just the reality of the market!

Until the inventory of short sale and REO homes is reduced in the Rockledge and Viera market this will be the case. 

Interested in selling or buying in Rockledge or Viera Florida? Give me a call at 321-693-3850 or email me at agent@moving2brevard.com.