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All four sales due in April closed on schedule; they were 9043 (1,595sf) which sold for $425,000, 8543 (2,338sf) which sold for $799,000, 9543 (1,698sf) which sold for $475,000 and 9836 (1,485sf) which raised $372,000. There were no new listings in April. There are only two pending listings; 8722 (2,348sf) was listed at $814,900 and is slated to close on 15th May and 9639 (1,698sf) was listed at $480,000 and is expected to close on 16th June. All their contract dates were recent, as with last month, but their numbers indicate a continued slowing in activity. This, of course, coincides with the end of the 2022/2023 snowbird season. I expected there might be a few more listings at the end of the season, but that hasn’t happened – maybe owners realise that, once repaired, Vivante might/could/will command higher values. The number of active listings today is nine, just 2.6% of the total, two in Boca and seven in Bella. One listing has been increased in price and three have been reduced. Overall, the market is quiet, neither sellers nor buyers have an edge and it still seems to me to be fairly balanced but without much substance. The economists expect interest rates to rise at this week’s FOMC meeting, but all ears will be on what the Fed has to say for the next move and their general view of the economy.
