The "Viera Market Minute December" transcript by Jeremy Stewart provides an update on the real estate market in West Viera, Florida, focusing on sales and listings for December. Key highlights include:

Low Sales in Condos and Single-Family Homes:

The lowest condo sale was a 405 sq ft one-bedroom, one-bath unit at 4169 Dividend Avenue #0, sold for $97,000 after being on the market for 0 days.

The lowest single-family home sale was a 1772 sq ft, 3-bedroom, 2-bath house at 7246 Mendel Way, sold for $425,000 after 34 days on the market.

High Transaction of the Month:

In West Viera's premier community of Adelaide, a 4299 sq ft, 3-bedroom, 4.5-bath home with an office, game room, pool, and summer kitchen at 4554 Milost Drive sold for $3.2 million, also after 0 days on the market.

Monthly Recap and Market Dynamics:

December saw 41 properties closed in West Viera, out of 852 properties countywide.
In January, there was a slight increase in inventory, with 120 properties active at the start of the year. This increase could be due to the holiday season and a decrease in active buyers during that period.
The average days on market for properties was 31 days, a slight dip compared to November and October. December remained steady in terms of listings and days on the market, with no significant fluctuations during the holiday season.

Outlook for 2024:

The report suggests a positive outlook for 2024 in the real estate market, with news of the Federal Reserve potentially lowering rates.
This summary encapsulates the key elements of the Viera real estate market for December, focusing on West Viera and Melbourne, FL, and covers aspects like real estate sales and listings.

Ready to talk real estate?
Jeremy Stewart
321-626-5821
jeremy@carpenterkessel.com

свернуть