Real Estate Data and Analysis, July 2017, Viera, FL

Real Estate Market Data

Viera, FL Real Estate Market Data - As of July 1, 2017

A snapshot of Viera, FL real estate market data as 7/1/17. The data set includes total number of properties on the market, percentage of pending sales and rentals, high and low price points and percent change from the previous month's data. This Viera real estate data is intended to provide a high-level overview of the health of the real estate market in Viera, FL. Some analysis and insights are provided below the data.

Real Estate Market Data

Residential Sales

  • Total Homes For Sale: 331   +13%
  • Homes With Sale Contract Pending: 120   +3.4%
  • Percentage of Homes Pending Sale: 36.3%   -3.3%
  • Price Range of Available Homes For Sale: $86,000 - $1,699,900
  • Location of Lowest Priced Home For Sale: The Lakes at Viera East Condominiums
  • Location of Highest Priced Home For Sale: Summer Lakes

Residential Rentals

  • Total Homes For Rent: 78   +13%
  • Homes With Rental Contract Pending: 28   +86.7%
  • Percentage of Homes Pending Rental: 35.9%   +14.2%
  • Price Range of Available Homes For Rent: $850 - $3,300
  • Location of Lowest Priced Home For Rent: Three Fountains at Viera Condominiums
  • Location of Highest Priced Home For Rent: Fairway Lakes at Viera

Real Estate Data Analysis

Both the total number of homes available for sale and the number of homes under contract have increased since our last report in June of 2017. The total number of homes available on the Viera real estate market has increased by 13% since June. The percentage of homes under contract has decreased slightly since last month, but the amount is negligible and is attributed to the fact that the increase in the number of homes for sale outpaced the increase in the number of homes under contract. For July, the lowest priced home is located in The Lakes at Viera East Condominiums and the most expensive home is, again, located in Summer Lakes and is listed at just under $1.7 million.

The number of homes for rent also saw a 13% increase since June and the number of homes under rental contract skyrocketed by 86.7%. The percentage of homes with a pending rental increased 14.2%, the net result being over 1/3 of all homes available for rent in Viera are currently under contract. The most affordable home for rent in Viera is priced at $850 and the most expensive home is priced at $3,300 and is located in Fairway Lakes at Viera.

Overall, the real estate market in Viera remains robust. More homes are coming to market, month over month, and the percentage of homes under contract shows the available inventory is still being consumed by buyers in the marketplace.