Vivante 01/03/2023

Monthly Vivante Review, 1st March, 2023.

There were no sales recorded in February. There were two new listings, 9543 (1,698sf) was listed at $485,000 and 8531 (2,398sf) came on at $879,900. There are three currently pending listings, 9043 (1,595sf) was listed at $425,000 and is slated to close on 3rd April and 8543 (2,338sf) was listed at $799,900 and should close on 15th April. Also, 9929 (1,698sf), priced at $525,000, has gone pending, but no closing date is yet available – that’s the listing that was on the Royal Palm Coast MLS in Lee County. Interestingly, 9043 was only on the market for 1 day, indicating solid interest, or perhaps an attractive price level. The number of active listings today is eleven, up two from January, four in Boca and seven in Bella; two listings have been reduced in price and one increased, so I wouldn’t say there’s a trend either way at the moment. Overall, the market is still quiet and buyers are hesitant; it will probably remain so until we see more substantial and visible repairs post Ian, not only at Vivante, but also generally. One final comment from Florida Realtors on the monthly UF Study, published yesterday, you can read it here.

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Vivante MLS Review 1 Mar 2023