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There was one delayed closing from September in early October, 8936 (2,398sf) raised $650,000. There are two pendings currently; 9448 (1,495sf listed at $390,000) is due to close on 29th November and 9022 (1,803sf listed at $535,000) is slated to close on 30th November. There was one new listing during the month; 8532 (2,338sf) is priced at $699,995. Activity in the market for Vivante’s condos has been affected by Hurricane Ian of course; there has been damage to the buildings, roofs and landscaping and several of the units have suffered water infiltration resulting in flooring and some drywall being removed. We have had a full month of clean-up, hundreds of large scale dehumidifiers and air scrubbers working constantly, substantial waste removal, but today, repairs are underway. Our management company’s onsite staff and numerous external labourers have all worked extraordinarily well and all the necessary recovery measures have been in process since day two. Yes, we have a long way to go, but Vivante will come out of this in a better, effectively younger shape, and will stand strong in all of SW Florida. I suspect the market will continue to remain quiet in the very short term whilst the affects of the storm are assessed and repairs continue. But, I expect prices to increase as we move forward – with so much destruction elsewhere in our local counties, a shortage of luxury condo housing could increase demand for Vivante. One current listing’s price has already been raised; 9742 (1,915sf) is now $599,000, up $74,000. Is this a sign? By the way, my car was not upside down when I returned to MCO on 5th October, but it was exceptionally clean!
