Monthly Vivante Review, 1st January, 2025.

There are 27 active listings currently, one less than last month, 17 are in Boca and 10 in Bella. There weretwo new listings during December, they are 99312 (1,915sf) at $345,500 ($180psf), 9829 (1,698sf) at$259,000 ($153psf). There were a few cancelled and expired listings too, so the number of actives actually reduced. Whilst I abhor the level, I am glad to see the two new listings are priced well below$200psf. There are still far too many in the high $200psfs and even over $300psf. 9047 (1,803sf) is still pending and is slated to close on 20th February, 2025.
I have noticed that there are a few active listings which are also listed for rent or lease. That is a goodoption today as there’s so little buying activity and the monthly COA dues have been substantially increased to cover remediation and increased insurance premiums. Listing owners who are away should consider leasing to cover their running costs, even if it’s not their primary goal. Don’t do the normal triple net calculations, just consider covering some of the outgoings.
I’ve commented before there’s a lack of interest in condos by the powers that be in Tallahassee, citing that condo ownership is primarily out of state. For an example, 28 of the units in 99 are non-homesteaded, 17 are, so 62% of the owners in 99 do not vote in Florida. QED.
My bottom line remains the same – some of today’s prices are a buyer’s opportunity.

Vivante MLS Review 1 Jan 2025