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No sales closed during August but there is life – three listings went pending. They are 8736 (2,398sf listed at $788,000) which is slated to close on 12th September, 8936 (2,398sf listed at $690,000) on 10th October and 9723 (2,106sf listed at $580,000) on 24th October. It will be interesting to see where they all closed. There were two new listings in August; 9022 (1,803sf) is priced at $535,000 and 8722 (2,348sf) is priced at $849,000. So, there has been a nice pick-up in activity in Vivante from a very slow Summer. It is quite normal to see a flow of new listings as we enter the next Snowbird season. For various reasons like family, health, costs, etc., some visitors returning to Punta Gorda seek to enjoy a final season and close on a sale around Easter. We shall see. Price levels are always a moving target, but I don’t see any major falls in the immediate future; yes, we’ve seen some already and rising interest rates are having an effect on buyers, but the recent positive actions in Congress have led to an increase in consumer confidence despite the actions in the casino (oops!) stock market in New York. And Florida remains a market of its own making.
