Quote:
Originally Posted by T-325
Still doing my (very expensive) homework as I have a few years left before retirement and am keeping an eye on house prices.
Is it just me... but from what I see lots of house listings have asking prices that are 40% higher than what the houses sold for just 1 - 2 years ago. The new house prices haven't gone up more than 5-10 %(however granite and other up-sells are no longer included)
With another thread recently saying resale house volumes are down... are some sellers getting ahead of themselves. Is anyone seeing big gaps between asking and sales prices?
Will be down at the end of the month to kick a few more tires 
T-325 (now 2-3 years out) |
Don't pay too much attention to those who say sellers are greedy and over-priced.
While resales through the Villages may be lower than last year, that could be because so many people moved up from one house to a more expensive one last year. That alone would account for fewer this year. Plus another 2,600 NEW home sales have occurred.
Also, a healthy re-sale inventory is 4 months supply. Economists will generally use this as a benchmark.
Based on current re-sale inventory listed with The Villages (463 at this moment), and averaging the number of actual re-sales over the past 12 months (2,094),
there is today 2.6 months inventory listed. These are extremely strong sales indicators. It also tracks closely with data provided by Lyle Gant for MLS listings (non-Villages agents).
For January and February the average days on the market was 65 days. Again, just over 2 months.
Oh yeah, and the average sale was 97% of the listed price.
Not Bad, huh?
2015 Sales
Do your own research, but don't miss out because some people give opinions rather than facts.
