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There were two sales recorded in March, they were 9929 (1,698sf) which sold for $505,000 and 9527 (2,106sf) which raised $522,500. There was one new listing, 9733 (2,106sf) was listed at $624,000. There are four pending listings; 9043 (1,595sf) was listed at $425,000 and is slated to close on 3rd April, 8543 (2,338sf) was listed at $799,000 and planned to close on 15th April, 9543 (1,698sf) was listed at $485,000 and should close on 21st April and 9836 (1,485sf), listed at $384,900 is expected to close also on 21st April. All their contract dates were in 2023 indicating that buyers are still about and active, but not at the same levels as the last two years. The number of active listings today is eleven, 3.2% of the total, three in Boca and eight in Bella. One listing has been increased in price and four have been reduced. Overall, the market is still generally quiet. The rest of the potential buyers who are still about are hesitant. They may be missing an opportunity as we move into Vivante’s rebuilding stages with interest rates potentially passing their peak in the Summer. Finally, Charlotte County’s year on year condo statistics in February show closed sales down 30.1%, the average sale price up 6.7%, new pendings down 26.4%, new listings up 14.5% and inventory up 350% to 297 units giving a more normal 3.4 months inventory vs: half a month a year ago. Neither sellers nor buyers have an edge, the market seems to me to be fairly balanced.
