Rio Vista Market Update
During the months of July and August of 2011, 8 properties were purchased in Rio Vista and Rio Vista Isles. The purchase price range of the properties sold was $315,000 – $1,250,000. Of the 8 sales, 2 were purchased as Short Sales and none were purchased as Bank Owned Foreclosures. Rio Vista is fortunate to be a very stable Community that has a low number of distressed properties.
The addresses, purchase prices, and purchase dates of the 8 properties are listed below. None of the properties are Waterfront.
|
Property Address |
Purchase Price |
Purchase Dates |
| 1021 SE 7th St. (pictured below) | $1,250,000 | August 31, 2011 |
| 717 SE 10th St. (pictured below) | $1,025,000 | July 21, 2011 |
| 1101 SE 6th St. | $695,000 | August 5, 2011 |
| 907 SE 6th Ct. | $580,000 | July 22, 2011 |
| 716 SE 7th St. | $375,000 | July 27, 2011 |
| 912 SE 11th Ct. | $371,500 | July 1, 2011 |
| 812 Ponce de Leon Dr. | $367,000 | July 15, 2011 |
| 909 SE 9th St. | $315,000 | July 1, 2011 |
Additional details about 1021 SE 7th St. and 717 SE 10th St.
717 SE 10th St.
- Purchased on July 21, 2011 for $1,025,000
- Was listed on the Market for Sale for the first time on May 17, 2011 and went under Contract for purchase on June 15, 2011, so was purchased VERY quickly (in the local area, our average number of days on market have decreased considerably).
- Built in 2005
- 2-Car Garage
- Pool
- 4,450 Square Feet
- 4 Bedrooms and 4 Baths
1021 SE 7th St.
- Purchased on August 31, 2011 for $1,250,000
- Was listed on the Market for Sale for the first time on March 21, 2011 and went under Contract for purchase on June 23, 2011, so was purchased quickly, particularly quickly for a property within this price range
- Built in 2002
- 2-Car Garage
- Pool
- 4,165 Square Feet
- 5 Bedrooms and 4.5 Baths
Rio Vista Homes for Sale
Of over 1,000 Homes in the Community of Rio Vista, only 35 are currently listed for sale, so Inventory is low. The price range of the properties for sale is $270,000 – $8,995,000, with an average list price of $849,500. Of the 35 properties, 11 are Waterfront and their price range is $620,000 – $8,995,000 (of the 11 listings, only 2 are listed under $1,000,000– the next lowest priced Waterfront property is $1,799,000).
Of the 35 listings of properties for Sale, 1 is listed as a Short Sale and none are Bank Owned Foreclosures, so Inventory of Distressed Properties is minimal, as is typical in our Luxury Communities.
Homes in Rio Vista are of varying Architectural styles (Contemporary, Mediterranean, Ranch, Colonial, etc.) and include Historic Homes, Homes that are of new Construction, Luxury Homes/Estates, Waterfront Homes, and non-Waterfront Homes.
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