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There was a single closing in October, 8723 (2,338sf) sold for $450,000 ($192psf) which bounces 12% from the recent low price for a Bella Harbour unit. There have now been ten sales over the trailing twelve months, none of which raised more than $200psf. There were three new listings in October; 9534 (1,485sf) is priced at $225,000 ($152psf), 98412 (1,698sf) is listed for $350,000 ($183psf) and 8845 (2,538sf) is listed at $565,000 ($223psf). There is one pending listing, 99312 (1,915sf), priced at $289,000 ($151psf); it’s slated to close on 20th November.
At Q3/25’s end, condominiums’ and townhomes’ average sales prices were down 3.0% (year on year) and the discount, sold to list, was down 2.2% at 92%. New listings were down 9.8% to 35,034 units. Inventory rose 10.3% to 66,341 units, which represents a 9.1 months of supply.
Note from Michele Waters Garcia – I wish to express my heartfelt thanks to everyone who has recently reached out to me in appreciation for carrying on the Vivante Review. With my 27 years of real estate knowledge and experience, I’m honored to continue serving the Vivante community and hope to enrich your awareness of the trends within the real estate environment.
