Sales down in 2014 + lots of inventory...wait and see
In mid 2013 they stopped custom builds and built out hundreds of inventory homes. This was prior to the final acquisition of Fruitland Park. The prices increased, but the sales dropped dramatically.
To stimulate sales they started the "free golf cart" promotion.
Now they have many remaining inventory homes that remain unsold and are again offering lots for sale with some options on home selection and upgrades. As well as the 5% off promotion.
The Villages has been very successful and their sales dept has very sauvy people running it. There is no way for us to guess their next move. They will do what they need to do to increase sales and keep up the demand.
I wouldn't be surprised if they start custom build again in Fruitland Park. We just need to stay tuned!
But yes, homes won't be any cheaper if you wait. This is a very sound market with a solid future. More retirees every year means The Villages will remain in high demand.
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