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The market remained relatively quiet in January, there were two sales, 8532 (2,338sf) sold for $695,000 and 9723 (2,106sf) sold for $550,000. There were three new listings, 9836 (1,485sf) was listed at $390,000, 9042 (1,803sf) at $575,000 and 9027 (also 1,803sf) is priced at $535,000. Only one listing is currently pending, 8543 (2,338sf) was listed at $799,000. In addition to the three Boca units listed on our local Stellar MLS, there is one more listed on the Royal Palm Coast MLS in Lee County. That condo is 9929 (1,698sf) and it’s priced at $525,000. There have been a few listing cancellations, each one having its own reasons; some of them will come back fully repaired and probably at higher prices. The number active listings today is nine, three in Boca and six in Bella. While we are still in the early stages of recovery from the ravages of Hurricane Ian, progress is being made. The board is recommending that the roofs are replaced first to ensure there are no leaks, followed by checks on windows and the replacement of lost internal drywall. The board is recommending we change to metal (aluminium) roofs, in a matching colour to the old tiles when they were new and owners are currently voting on that proposal. The move to metal roofs will be a positive for Vivante, not only are they aesthetically pleasant, they offer a considerably longer life and require less upkeep. Additionally, in a hurricane, they will not produce the dangerous and destructive missiles that the old tile roofs launched last September. Final comment; the market will probably continue along its quieter path than normal for this time of year. It should liven up when Vivante is closer to pristine again and returns to being one of the top luxurious developments in the tri-counties of Southwest Florida…possibly coincidental to an easing of interest rates.
